Company lists
The Gujarat edition · 2026

Travel and hospitalitycompanies in Gujarat

Hotels, tour operators, travel agencies, car rentals, bus & transport and more: the companies building travel and hospitality in Gujarat, with their founders, funding, team size and business models.

228 company profiles36 with reported revenue3 with recorded fundingOctober 2026 edition

Recent travel and hospitality business events in India

Funding, M&A, contract wins and launches involving 6,511 travel and hospitality companies in India, last 24 months: 223 Contracts · 107 M&A deals · 24 funding rounds · 16 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

Abb · client: Cochin shipyard

Technology company ABB has won a contract from India's Cochin Shipyard to supply power and propulsion systems for two electric harbour tugs being built for Polestar Maritime.

Marine
ContractSupply

Transrail lighting · client: Na

Transrail Lighting, a leading engineering, procurement and construction (EPC) company, has secured fresh orders worth ₹575 crore, further strengthening its presence across the…

Infrastructure
M&AAcquisition · Announced

Pro CLB Global acquires K Globes Digital Media

Pro Clb Global has signed a memorandum of understanding (MoU) for a strategic investment and potential acquisition of K Globes Digital Media, signalling a push into higher-growth digital…

Digital Media
ContractService

Lemon tree hotels · client: Sparsh

Lemon Tree Hotels has announced the mutual termination of its franchise agreement with Sparsh Inn LLP. The agreement, originally signed on 10 May 2024, was intended for the use of the…

Hospitality
ContractService

M/s. Sparsh Inn LLP · client: Lemon tree hotels

Lemon Tree Hotels Limited has officially communicated the mutual termination of a Franchise Agreement executed on May 10, 2024. This agreement was with M/s. Sparsh Inn LLP and concerned…

Hospitality
ContractInfrastructure

Klm · client: Amsterdam Airport Schiphol

Amsterdam Airport Schiphol and KLM have signed an agreement to relocate KLM's cargo and catering operations, clearing prime real estate at Schiphol Centre for new aircraft stands, a…

Aviation / Cargo
M&AAcquisition · Completed

Chalet hotels acquires Seasons hotels

Chalet Hotels has completed the acquisition of 100% of the Equity Share Capital of Seasons Hotels. Consequently, the said entity has become a wholly-owned subsidiary of the Company.

Hotel
ContractMaintenance

Brahmaputra Infrastructure · client: NHIDCL

Brahmaputra Infrastructure Limited has been declared L-1 for a Rs. 25.78 crore short-term road maintenance contract on the Pailapool–Hangrum corridor in Assam, awarded by NHIDCL under…

Government Highway Maintenance
ContractSupply

Schwing stetter · client: Nimbus group

Nimbus Group has procured advanced boom placers from Schwing Stetter for its flagship residential project Nimbus The Arista Luxe located along the Noida Expressway.

Construction
M&AAcquisition · Announced

Hyderabad Metro Rail acquires L&T Metro Rail

Hyderabad Metro Rail Limited (HMRL) has signed a Share Purchase Agreement with Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited (LTMRHL) to acquire 100% equity shares of…

Metro Rail / Infrastructure
M&AAcquisition · Announced

Catalyst Partners Middle East (CPME) acquires Eih

Egypt’s first listed special purpose acquisition company, Catalyst Partners Middle East (CPME), has launched due diligence to fully acquire precious metals investment and consulting firm…

Precious metals investment and consulting
M&AAcquisition · Announced

Hyderabad Metro Rail acquires L&T Metro Rail (Hyderabad) Limited

Larsen & Toubro (L&T) has announced the complete divestment of its stake in L&T Metro Rail (Hyderabad) Limited for a consideration of ₹1,461.47 crore.

Construction/Metro Rail
M&AAcquisition · Completed

Chalet hotels acquires Seasons hotels

Chalet Hotels has successfully completed the first tranche of its acquisition of Seasons Hotels Private Limited, officially making it a subsidiary of the company.

Hospitality
ContractService

Thales · client: Air india

Air India has signed a 10-year agreement with Thales for its FlytCARE services package, covering line maintenance, spares, repairs and logistics management support for inflight…

Technology
ContractService

Hughes network systems · client: Air india

Hughes Network Systems announced that Air India has selected the Hughes In-Flight connectivity solution to deliver a consistent Wi‑Fi experience using a common connectivity platform…

ContractService

Panasonic avionics · client: Air india

Panasonic Avionics has secured a major agreement with Air India to provide comprehensive maintenance and support for the airline’s in-flight entertainment (IFE) systems across 74 aircraft.

ContractSupply

Tata motors · client: Aisats

Air India SATS Airport Services Private Limited (AISATS) has ordered 21 electric airport passenger coaches from Tata Motors

ContractService

Panasonic Technical Services · client: Air india

Panasonic Avionics Corporation (Panasonic Avionics) has today announced that Air India has selected Panasonic Technical Services' (PTS) Total Care Package to maintain the airline's…

Aviation
ContractSupply

Kernex microsystems · client: PCMM Office, Patiala

Kernex Microsystems (India) has been awarded a significant contract valued at ₹67.53 crore, inclusive of GST, by the PCMM Office, Patiala.

FundingTerm loan and working capital facility

Imagicaaworld entertainment

Imagicaaworld Entertainment Limited has announced the execution of financing agreements totalling Rs 65 crore with Axis Bank Limited and IDBI Trusteeship Services Limited.

Investors Axis bank, IDBI Trusteeship Services Limited
Entertainment
M&AAcquisition · Completed

Savills acquires Hotelivate

Global real estate advisory firm Savills has acquired majority stake in Hotelivate, a leading hospitality advisory firm with presence across South Asia, at an undisclosed amount.

Hospitality Advisory
LaunchQuality Inn Gurgaon

Suba hotels

Suba Hotels Limited proudly celebrates its Founder's Day on April 7, marking a defining milestone in its growth journey with the launch of 7 new properties across India.

Hotel
ContractSupply

Banaras Locomotive Works · client: Kernex microsystems

Banaras Locomotive Works, Varanas, has awarded an order valued at Rs. 91.12 crore (Incl. GST) to Kernex Microsystems (India) Limited for the Supply, Installation, Testing and…

Railway Equipment
M&AAcquisition · Completed

Adani airport holdings ltd acquires Skyiwave

Adani Enterprises Ltd on Monday said its wholly-owned subsidiary, Adani Airport Holdings Ltd (AAHL), has acquired a 100 per cent stake in out-of-home (OOH) advertising firm Skyiwave for…

OOH advertising and media solutions
ContractService

Haeco · client: Air india

March 13, 2026 Air India Taps HAECO For Shanghai Widebody Line Maintenance HAECO has signed a contract with Air India to provide line maintenance services for its widebody fleet at…

Aviation Maintenance
ContractSupply

Oriana power · client: Kesari

The EPC contract for Kesari Alloys Private Limited involves a 16 MW solar project with a 10 MWh BESS capacity, valued at ₹74.34 crore.

Renewable Energy
ContractInfrastructure

Sugs Lloyd · client: Konkan railway

SUGS Lloyd Limited has secured an engineering, procurement and construction (EPC) order worth Rs 6.39 billion from Konkan Railway Corporation Limited.

Power transmission and distribution, smart grid, power infrastructure
M&AMerger

AirAsia (India) Pvt. Ltd. (now AIX Connect Pvt. Ltd.) acquires Air india express

Further, AirAsia (India) Pvt. Ltd. (now AIX Connect Pvt. Ltd.) has merged with Air India Express Ltd., and Tata SIA Airlines Ltd. (Vistara) has merged into Air India Ltd,

M&AAcquisition · Announced

Ms. Priya Paul acquires Apeejay Surrendra Park Hotels

Apeejay Surrendra Park Hotels has announced that its Director and Promoter, Ms. Priya Paul, has acquired 18,200 equity shares of the company. This acquisition represents 0.00853% of the…

ContractService

Indian hotels · client: Gulshan Group

The company has signed Indian Hotels Company (IHCL), the country's largest hospitality company, to manage this project comprising a 150-key luxury hotel, 74 apartments and one penthouse.

Travel and hospitality companies in Gujarat, by revenue

Browse travel and hospitality companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 36 companies below are the largest by their most recent reported revenue among 36 travel and hospitality companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 36

Provider of passenger transportation services and operator of fleet busses

Bus operators
₹684.44 crFY 2024-25
+96%2024–2025
294+70% 12 mo to Sep 2024LinkedIn · Oct 2026
19 yr2007
0none in 3 months

Developer of upcoming projects and real estate ventures

Hotels
₹240.86 crFY 2024-25
+123%2024–2025
—Not available
14 yr2012
0none in 3 months

Leading event management, exhibition management, tourism & hospitality Company

Hotels
₹174.43 crFY 2024-25
+84%2024–2025
476+424% 12 mo to Feb 2024LinkedIn · Oct 2026
30 yr1996
0none in 3 months

Manufacturer and supplier of hospitality industry hygiene products

Manufacturing services
₹78.88 crFY 2024-25
+26%2024–2025
343+48% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Manufacturer of light and heavy railway track material and maintenance services

Rail maintenance services
₹53.52 crFY 2021-22
Not reported
—Not available
34 yr1992
0none in 3 months

Provider of comprehensive travel and tourism services

Tour operators
₹50.84 crFY 2024-25
+30%2024–2025
47LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Jul 2026

Operator of hotels

Hotels
₹48.74 crFY 2024-25
Not reported
197+6% 12 mo to Mar 2023recorded Mar 2023
42 yr1984
0none in 3 months

Regional airline providing safe, efficient, cost-effective, and on-time services

Passenger airlines
₹41.50 crFY 2024-25
+44%2024–2025
107LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Operator of luxurious hotels and banquets

Hotels
₹39.68 crFY 2024-25
-1%2024–2025
386+6% 12 mo to Sep 2024LinkedIn · Oct 2026
29 yr1997
0none in 3 months

Online broker of private air charter

Chartered flights
₹38.92 crFY 2024-25
+27%2024–2025
32LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jul 2026

Transportation solutions provider

Tour operators
₹36.80 crFY 2024-25
-17%2024–2025
75recorded
33 yr1993
0none in 3 months

Operator of standalone hotel

Hotels
₹32.30 crFY 2024-25
+0%2024–2025
159+3% 12 mo to Jun 2024recorded Jun 2024
15 yr2011
0none in 3 months

Operator of chartered aircraft and helicopter services for various travel needs

Chartered flights
₹26.29 crFY 2024-25
+38%2024–2025
—Not available
7 yr2019
0none in 3 months

Operates a 5 star hotel

Hotels
₹25.25 crFY 2024-25
+0%2024–2025
8-21% 12 mo to Sep 2024LinkedIn · Oct 2026
35 yr1991
0none in 3 months

Blog focused on travel

Travel blogs
₹18.74 crFY 2021-22
Not reported
8recorded Feb 2021
15 yr2011
0none in 3 months

Provider of pilot training and aircraft maintenance services

Aviation training services
₹21.14 crFY 2024-25
-11%2024–2025
67LinkedIn · Jul 2026
38 yr1988
1postings · last posted Sep 2026

Operator of hotels and resorts

Hotels
₹16.30 crFY 2024-25
+4%2024–2025
75recorded
17 yr2009
0none in 3 months

Operator of tours

Tour operators
₹13.13 crFY 2023-24
+833%2023–2024
—Not available
7 yr2019
0none in 3 months

Provider of travel agency services

Travel agencies
₹11.53 crFY 2024-25
+78%2024–2025
—Not available
16 yr2010
0none in 3 months

Operator of hotels

Hotels
₹8.61 crFY 2024-25
+12%2024–2025
50-14% 12 mo to Mar 2020recorded Mar 2020
41 yr1985
0none in 3 months

Luxury 5 star hotel

Hotels
₹7.45 crFY 2024-25
+18%2024–2025
4-2% 12 mo to Sep 2024LinkedIn · Oct 2026
44 yr1982
0none in 3 months

Organizer of nature and adventure trekking camps and Himalayan safari

Hiking camping & adventure tour operators
₹7.04 crFY 2024-25
-24%2024–2025
23LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Operator of standalone hotel

Hotels
₹6.17 crFY 2024-25
-11%2024–2025
20LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Operator of amusement park

Theme & amusement parks
₹3.10 crFY 2024-25
+19%2024–2025
5-29% 12 mo to Sep 2024recorded Sep 2024
34 yr1992
0none in 3 months

Company providing taxi and car rental solutions for local and outstation trips

Car rentals
₹3.07 crFY 2024-25
+38%2024–2025
—Not available
8 yr2018
0none in 3 months
36 of 228 companies shown here · the full list is on Radar
Fliar Radar

Explore all 228 travel and hospitality companies in Gujarat on Radar

This page shows the top 36. Radar has the complete, filterable list with contacts and live company signals.

Open travel and hospitality in Gujarat on Radar
  • Every company, not just 50All 228 travel and hospitality companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore travel and hospitality companies in Gujarat by what you are looking for

Find travel and hospitality companies in Gujarat, including hotels, tour operators, travel agencies and car rental services. Browse the list of travel agencies and top travel and hospitality companies by type, with listed companies and startups.

9 ways to explore travel and hospitality in Gujarat

Hotels & hospitality companiesTour operators & holiday packagesTravel agenciesCar rental & taxi servicesBus operators & passenger transportTheme parks, museums & attractions

Hotels & hospitality companies

Hotels, resorts and banquet operators across Gujarat.

  1. Basant Group

    Developer of upcoming projects and real estate ventures

    Hotels
    See in list
  2. Praveg

    Leading event management, exhibition management, tourism & hospitality Company

    Hotels
    See in list
  3. Dolphy

    Manufacturer and supplier of hospitality industry hygiene products

    Manufacturing services
    See in list
  4. Surya Palace Hotel

    Operator of hotels

    Hotels
    See in list
  5. TGB Banquets and Hotel

    Operator of luxurious hotels and banquets

    Hotels
    See in list

Tour operators & holiday packages

Companies organising tours, activities and holiday packages.

  1. Akshar Travels

    Provider of comprehensive travel and tourism services

    Tour operators
    See in list
  2. Board MyTrip

    Operator of tours

    Tour operators
    See in list
  3. Anala Outdoors

    Organizer of nature and adventure trekking camps and Himalayan safari

    Hiking camping & adventure tour operators
    See in list
  4. Tripswheel

    Travel company that offers a range of domestic and international tour packages, focusing on providing complete tour itinerary arrangements and quality services to customers

    Tour operators
    See in list
  5. Travelsetu

    Provider of personalized tour packages connecting travelers with local experts

    Tour operators
    See in list

Travel agencies

Agencies that book flights, hotels and travel packages.

  1. Akshar Travels

    Provider of comprehensive travel and tourism services

    Tour operators
    See in list
  2. Netlink Express Services

    Provider of travel agency services

    Travel agencies
    See in list
  3. Worldwide Overseas Travel

    Provider of customized international travel services and tours for individuals and groups

    Travel agencies
    See in list
  4. Shivam Holidays

    Provider of travel agency services

    Travel agencies
    See in list
  5. kc management

    KC Management is a travel agency that provides student visa, counseling, scholarship assistance, travel, tour, and holiday package services.

    Travel agencies
    Website

Car rental & taxi services

Car rental, cab and self-drive services across Gujarat.

  1. Buzzway

    Company providing taxi and car rental solutions for local and outstation trips

    Car rentals
    See in list
  2. AssureCab

    Provider of taxi and car rental services

    Car rentals
    See in list
  3. The Smart Taxi

    Provider of airport transfer, railway station transfer and outstation taxi services

    Travel agencies
    Website
  4. Yadav Car Rental

    Car rental service in somnath - Yadav Car Rental

    Car rentals
    Website
  5. UWay Car Rental

    Online portal for renting cars

    Car rentals
    Website

Bus operators & passenger transport

Intercity bus, rail and passenger transport operators.

  1. Chartered

    Provider of passenger transportation services and operator of fleet busses

    Bus operators
    See in list
  2. Mahasagar Travels

    Transportation solutions provider

    Tour operators
    See in list
  3. Gujarat Metro Rail

    Provider of metropolitan rail transportation services

    Passenger rail operators
    Website
  4. Shrinath

    Shrinath Group of Companies is a travel agency that provides bus, tourism, and cargo services.

    Bus operators
    Website
  5. Paulo Bus

    Operator of intercity bus services connecting major cities in Brazil and surrounding regions

    Bus operators
    Website
17 companies in Gujarat

Theme parks, museums & attractions

Amusement parks, museums, galleries and local attractions.

  1. Ajwa World

    Operator of amusement park

    Theme & amusement parks
    See in list
  2. Anuvad Innovation Studio

    Provider of design research and consulting services for product and experience innovation

    Museums & galleries
    Website
  3. Morii Design

    Operator of art gallery

    Museums & galleries
    Website
  4. Pintura Art

    Operator of art gallery

    Museums & galleries
    Website
  5. shreeji art

    We, Shreeji Art, are an eminent name .

    Museums & galleries
    Website
12 companies in Gujarat

Travel and hospitality startups in Gujarat

Recently founded travel and hospitality companies in Gujarat.

  1. Lime Tree Hotel

    Operator of hotel

    Hotels
    See in list
  2. Road Sathi

    Provider of road safety solution, offering a sticker-based system that enables users to alert vehicle owners of wrong parking or restricted areas, promoting road safety and conveniences

    Road infrastructure operators
    See in list
  3. Shivam Holidays

    Provider of travel agency services

    Travel agencies
    See in list
  4. Anuvad Innovation Studio

    Provider of design research and consulting services for product and experience innovation

    Museums & galleries
    Website
  5. Faaz Consultancy Services

    Provider of immigration services, tourism packages, and cruise opportunities for travelers

    Travel agencies
    Website
33 companies in Gujarat

Travel and hospitality companies hiring in Gujarat

Gujarat travel and hotel companies with open jobs.

  1. Dolphy

    Manufacturer and supplier of hospitality industry hygiene products

    Manufacturing services
    See in list
  2. Akshar Travels

    Provider of comprehensive travel and tourism services

    Tour operators
    See in list
  3. Airconnect

    Online broker of private air charter

    Chartered flights
    See in list
  4. Blue Ray Aviation

    Provider of pilot training and aircraft maintenance services

    Aviation training services
    See in list
4 companies in Gujarat

Listed travel and hospitality companies in Gujarat

Publicly traded travel and hospitality companies based in Gujarat.

  1. Praveg

    Leading event management, exhibition management, tourism & hospitality Company

    Hotels
    See in list
  2. Surya Palace Hotel

    Operator of hotels

    Hotels
    See in list
  3. TGB Banquets and Hotel

    Operator of luxurious hotels and banquets

    Hotels
    See in list
  4. Royale Manor Hotels And Industries

    Operates a 5 star hotel

    Hotels
    See in list
  5. Veeram Ornaments

    Blog focused on travel

    Travel blogs
    See in list
8 companies in Gujarat
Mobile reach

Top 10 travel and hospitality apps from Gujarat

The most-installed Android apps published by travel and hospitality companies headquartered in Gujarat — 699K installs between them. 14 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Ahmedabad Metro (Official)

by Gujarat Metro Rail

Installs380K
Rating—
Installs, year on year+206%
Last updatedMay 2026
View on Google Play ↗
Ahmedabad Metro (Official) screenshot 1Ahmedabad Metro (Official) screenshot 2Ahmedabad Metro (Official) screenshot 3Ahmedabad Metro (Official) screenshot 4
3

Shrinath Travel Agency Pvt. Lt

by Shrinath

Installs103K
Rating—
Last updatedJan 2026
View on Google Play ↗
Shrinath Travel Agency Pvt. Lt screenshot 1Shrinath Travel Agency Pvt. Lt screenshot 2Shrinath Travel Agency Pvt. Lt screenshot 3Shrinath Travel Agency Pvt. Lt screenshot 4Shrinath Travel Agency Pvt. Lt screenshot 5Shrinath Travel Agency Pvt. Lt screenshot 6
7

TravelSetu - Holiday Packages

by Travelsetu

Installs9K
Rating—
Last updatedApr 2022
View on Google Play ↗
TravelSetu - Holiday Packages screenshot 1TravelSetu - Holiday Packages screenshot 2TravelSetu - Holiday Packages screenshot 3TravelSetu - Holiday Packages screenshot 4TravelSetu - Holiday Packages screenshot 5
The business behind the activity

Travel and hospitality financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 37 travel and hospitality companies in Gujarat for FY24-25 — 44 of the 228 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 92% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹5,022.95 cr

37 companies filing accounts

combined net profit₹993.95 cr

19.8% aggregate margin

are profitable78%

29 of 37 companies

median revenue~₹8.1 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five92%

revenue concentration

Six-year view

Combined revenue of filing companies

₹832.22 crFY19-2032 filers
₹879.94 crFY20-2133 filers
₹1,565.51 crFY21-2232 filers
₹3,229.48 crFY22-2336 filers
₹3,805.14 crFY23-2439 filers
₹5,022.95 crFY24-2537 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 34 companies over three years

+56%
FY22-23₹3,227.81 cr₹146.76 cr net
FY23-24₹3,775.81 cr₹500.63 cr net
FY24-25₹5,019.42 cr₹1,002.55 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr743% profitable
₹1–10 cr1479% profitable
₹10–100 cr1392% profitable
₹100–1,000 cr2100% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking11
0–20%9
20–50%9
50–100%3
Doubled+4

36 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

29profitable
8loss-making
19.8%aggregate margin
3.6%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Basant GroupBASANT GLOBAL TRADE PRIVATE LIMITED+123%₹240.86 cr
CharteredCHARTERED SPEED LIMITED+108%₹585.12 cr
Netlink Express ServicesNETLINK EXPRESS SERVICES PRIVATE LIMITED+78%₹11.53 cr
AerotransAEROTRANS SERVICES PRIVATE LIMITED+38%₹26.29 cr
Akshar TravelsAKSHAR TRAVELS PRIVATE LIMITED+30%₹50.84 cr
AirconnectVENTURA AIRCONNECT LIMITED+27%₹38.92 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Adani AirportsADANI AIRPORT HOLDINGS LIMITED₹3,611.03 cr
AirconnectVENTURA AIRCONNECT LIMITED21.1%₹38.92 cr
Lords HotelsLORDS INN HOTELS AND RESORTS PRIVATE LIMITED20.6%₹16.30 cr
Hotel Express TowersEXPRESS HOTELS PVT LTD15.6%₹28.33 cr
Royale Manor Hotels And IndustriesROYALE MANOR HOTELS AND INDUSTRIES LIMITED12.3%₹25.25 cr
CharteredCHARTERED SPEED LIMITED10.0%₹585.12 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hotels13₹425.96 cr~₹8.6 cr69%2.8%
Leaders

Largest travel and hospitality companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Adani AirportsADANI AIRPORT HOLDINGS LIMITED₹3,611.03 cr₹903.71 cr+26%
CharteredCHARTERED SPEED LIMITED₹585.12 cr₹58.75 cr10.0%+108%
Basant GroupBASANT GLOBAL TRADE PRIVATE LIMITED₹240.86 cr₹2.17 cr0.9%+123%
Aadinath Bulk Private LimitedAADINATH BULK PRIVATE LIMITED₹95.96 cr8.8%+12%
DolphyDOLPHY INDIA PRIVATE LIMITED₹78.88 cr₹5.20 cr6.6%+26%
Akshar TravelsAKSHAR TRAVELS PRIVATE LIMITED₹50.84 cr₹1.13 cr2.2%+30%
Surya Palace HotelJINDAL HOTELS LIMITED₹48.74 cr₹1.16 cr2.4%+12%
TGB, TGB Banquets and HotelTGB BANQUETS AND HOTELS LIMITED₹39.68 cr₹1.94 cr4.9%-1%
AirconnectVENTURA AIRCONNECT LIMITED₹38.92 cr₹8.23 cr21.1%+27%
Mahasagar TravelsMAHASAGAR TRAVELS LIMITED₹36.80 cr₹18.03 lakh0.5%-17%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Travel and Hospitality Industry Landscape of India

The financials above are one chapter. The full travel and hospitality landscape of Gujarat maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the travel and hospitality landscape of Gujarat
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Travel and hospitality funding and M&A across India

157 recorded equity rounds have gone to 6,511 travel and hospitality companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months4

US$19.35m

equity rounds, last 24 months14

US$183.36m

raised over five yearsUS$420.90m

54 rounds in India

M&A deals, India107

last 24 months

Capital by year

Equity funding into travel and hospitality in India

amount rounds
$364m201810
$18m20197
$3.1m20205
$51m20219
$3.3m20226
$152m202312
$31m202415
$183m202510
$163k20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2018, with US$364.39m across 10 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$2.12m10 rounds · median US$83k
SeedUS$24.19m31 rounds · median US$449k
Series AUS$194.51m6 rounds · median US$13.07m
Series BUS$180.09m5 rounds · median US$15.00m
Series CUS$20.00m1 rounds · median US$20.00m
Where the money went · five years

Most-funded sub-sectors

Passenger airlinesUS$214.94m9 rounds · 5 companies
HotelsUS$142.10m10 rounds · 7 companies
Real estate & infrastructure developersUS$16.80m1 rounds · 1 companies
Hotel suppliesUS$15.00m1 rounds · 1 companies
Tour operatorsUS$9.94m6 rounds · 5 companies
Travel agenciesUS$7.87m5 rounds · 4 companies
Hiking camping & adventure tour operatorsUS$6.02m4 rounds · 4 companies
Corporate activity · last 24 months

M&A in India

86Acquisition
18Merger
2Takeover

Most active acquirers

  1. Indian hotels16
  2. Adani Defence Systems & Technologies Ltd (ADSTL)7
  3. Air india5
  4. Chalet hotels3
  5. Adani airport holdings ltd3

Most acquired or merged

  1. Indamer6
  2. Air works5
  3. Air india express4
  4. Go first4
  5. Air Works India3

Each deal appears in the events strip at the top of the page.

Go deeper in the travel and hospitality landscape reports:

Travel and Hospitality Industry Landscape of India

Founders and momentum in Gujarat

Meet the people behind travel and hospitality companies in Gujarat. 38 of 228 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat travel and hospitality companies by sub-sector

The most common specialisations among travel and hospitality companies in Gujarat. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring travel and hospitality in India and nearby markets.

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