Company lists
The Kerala edition · 2026

Travel and hospitalitycompanies in Kerala

Tour operators, travel agencies, hotels & resorts, cars & buses, adventure and more: the companies building travel and hospitality in Kerala, with their founders, funding, team size and business models.

273 company profiles26 with reported revenue2 with recorded fundingOctober 2026 edition
Kerala · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent travel and hospitality business events in Kerala

Funding, M&A, contract wins and launches involving 300 travel and hospitality companies in Kerala, last 24 months: 49 Contracts · 7 M&A deals · 2 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
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,

ContractSupply

Cochin shipyard · client: CMA CGM Group

Cochin Shipyard bagged shipbuilding orders worth Rs 3,267 crore from France-based CMA CGM Group to deliver six LNG-powered vessels.

Shipbuilding
ContractSupply

Cochin shipyard · client: Polestar

Earlier on January 30, Cochin Shipyard said it bagged a notable order from Polestar Maritime Limited, for the construction of two Green Tugs of 60 T Bollard Pull Power under the Green…

Shipbuilding
ContractService

Seatrium · client: Cochin shipyard

In September 2025, Seatrium signed a Memorandum of Understanding (MoU) with Cochin Shipyard (CSL), India’s largest shipbuilder, to collaborate on offshore engineering and maintenance…

Offshore Engineering and Maintenance
ContractService

HD Hyundai · client: Cochin shipyard

In July, HD Hyundai, the holding company of HD Hyundai Group, signed an MOU with Cochin Shipyard to pursue cooperation in various aspects including design and procurement support,…

Shipbuilding
M&AMerger · Completed

AIX Connect (formerly AirAsia India) acquires Air india express

integration of two other group airlines - AIX Connect (formerly AirAsia India) with Air India Express on October 1

Airlines
ContractService

Interio by Godrej · client: Kochi metro rail

The portfolio includes a ₹69 crore electrical & mechanical work order from Kochi Metro Rail Limited (KMRL) for Phase 2 of Kochi Metro.

Infrastructure Development
ContractTechnology

Cma cgm · client: Cochin shipyard

Earlier in October, CMA CGM also signed a letter of intent with Cochin Shipyard Limited to build six dual-fuel liquefied natural gas (LNG) container ships in India, marking the first…

Shipbuilding
ContractService

Dredging corporation of india · client: Cochin shipyard

The pact with Cochin Shipyard includes construction and repair of dredgers as part of the organisation’s modernisation initiatives under Atma Nirbhar Bharat.

Maritime
ContractTechnology

Svitzer · client: Cochin shipyard

Svitzer today announced the signing of a landmark Letter of Intent (LoI) with Cochin Shipyard Limited (CSL) to construct a new generation of electric TRAnsverse tugs in India.

Maritime Manufacturing
LaunchBoeing 737-8 cabin upgrade

Air india express

The latest Boeing 737-8 aircraft, with a refreshed cabin interior, was showcased in Mumbai ahead of its entry into service.

Aircraft cabin interior
ContractOutsourcing

Seatrium Offshore Technology · client: Cochin shipyard

Singapore shipyard group Seatrium has signed a memorandum of understanding with India’s largest shipbuilder, Cochin Shipyard, to strengthen cooperation in the offshore sector across…

Offshore
ContractSupply

Seatrium Letourneau USA · client: Cochin shipyard

It builds on an earlier collaboration signed in November 2024 between Seatrium’s subsidiary, Seatrium Letourneau USA, and Cochin for the joint design and supply of critical equipment for…

Offshore
ContractGovernment

Guidance · client: Cochin shipyard

Furthermore, Cochin Shipyard stated that it signed a second MoU with Guidance, the nodal agency of the Government of Tamil Nadu.

ContractInfrastructure

Kec international · client: Kochi metro rail

In its urban infrastructure division , the company secured an order of Rs 146 crore from Kochi Metro Rail for the construction of viaduct along with station for the Phase 1 extension of…

Infrastructure
ContractTechnology

HD Korea Shipbuilding and Offshore Engineering · client: Cochin shipyard

HD Korea Shipbuilding and Offshore Engineering, a division of South Korean shipbuilding group HD Hyundai, has signed a comprehensive Memorandum of Understanding (MOU) with Indian…

Shipbuilding
ContractTechnology

HD Korea Shipbuilding & Offshore Engineering · client: Cochin shipyard

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company overseeing HD Hyundai’s shipbuilding operations, signed a comprehensive memorandum of understanding (MOU)…

Shipbuilding
ContractService

Drydocks world · client: Cochin shipyard

Shares of Cochin Shipyard Ltd were trading higher in early deals on Wednesday after Drydocks World, a DP World company inked a Memorandum of Understanding (MOU) with the ship building…

Maritime
ContractTechnology

Sabre corporation · client: Air india express

Sabre Corporation has signed its 100th Network Planning & Optimization deal, with Air India Express becoming its milestone customer.

Aviation
ContractMaintenance

Turkish technic · client: Air india express

In a separate agreement with Air India Express, Turkish Technic will provide comprehensive component support and solutions for the airline's Boeing 737-8 and 737-10 fleet.

Aviation
Contract

Aviation capital group · client: Air india express

second aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Air India Express.

Aviation
ContractSupply

Indobell Insulations · client: Cochin shipyard

Indobell Insulations hit an upper circuit of 5% at Rs 96.35 after the company has secured an order for supply and application of hot lagging worth Rs 11.01 crore from Cochin Shipyard.

Shipbuilding & Ship Repair
ContractService

Air Kerala · client: Kannur international airport

inked a strategic pact with Kannur International Airport Ltd (KIAL) to launch its services.

Aviation
ContractTechnology

Seatrium Letourneau USA, Inc. (SLET) · client: Cochin shipyard

Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MOU) with Seatrium Letourneau USA, Inc. (SLET) for the design and critical equipment for jack-up rigs for…

Shipbuilding
ContractSupply

Marine electricals · client: Cochin shipyard

Marine Electricals secured orders amounting to Rs. 12.93 crores from Cochin Shipyard Limited and Kutch Copper Tubes Limited (Adani Group). According to the latest regulatory filings with…

ContractTechnology

Citrium Letourneau · client: Cochin shipyard

Cochin Shipyard has made an agreement with the US company Citrium Letourneau.

M&AMerger · Completed

Air india express acquires AIX Connect (formerly Air Asia India)

This follows the merger of the Group's low-cost airlines Air India Express and AIX Connect (formerly Air Asia India) on 1 October 2024.

Aviation

Travel and hospitality companies in Kerala, by revenue

Browse travel and hospitality companies in Kerala by reported revenue, one-year revenue growth, revenue model, age and stage. The 26 companies below are the largest by their most recent reported revenue among 26 travel and hospitality companies in Kerala 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 26

Provider of ship design & engineering services

Ship design and engineering services
₹4,140.64 crFY 2023-24
Not reported
3,063-5% 12 mo to Sep 2024LinkedIn · Oct 2026
54 yr1972
—No postings tracked

Provider of facilities and services to passengers, including flight schedules, arrivals, and departures

Airport operators
₹1,402.30 crFY 2024-25
+14%2024–2025
645+2% 12 mo to Aug 2024LinkedIn · Oct 2026
27 yr1999
0none in 3 months

Provider of rail operating services

Passenger rail operators
₹66.71 crFY 2021-22
Not reported
707+3% 12 mo to Sep 2024LinkedIn · Oct 2026
15 yr2011
0none in 3 months · last posted Nov 2025

Operates holiday destination resorts and organizes eco-tours

Hotels
₹44.67 crFY 2021-22
Not reported
1,048LinkedIn · Oct 2026
72 yr1954
3postings · last posted Sep 2026

Operator of curated travel experiences including accommodations, transportation, and itinerary planning

Tour operators
₹20.37 crFY 2024-25
-3%2024–2025
45LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of luxury business hotel accommodations and event spaces

Hotels
₹11.43 crFY 2022-23
+210%2022–2023
—Not available
23 yr2003
0none in 3 months

Provider of destination management services

Tour operators
₹8.41 crFY 2024-25
-28%2024–2025
3LinkedIn · Jul 2026
17 yr2009
0none in 3 months

tour packages in kerala | India tour packages | tour package

Tour operators
₹8.35 crFY 2024-25
+13%2024–2025
21LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of travel planning resources and booking facilitation for transportation

Cruise & ferry operators
₹7.39 crFY 2024-25
+320%2024–2025
—Not available
21 yr2005
0none in 3 months

Operator of resort

Hotels
₹6.87 crFY 2024-25
+1%2024–2025
36+32% vs previous recordLinkedIn · Jul 2026
24 yr2002
0none in 3 months

Operator of travel company offering guided activity and nature holidays

Hiking camping & adventure tour operators
₹6.56 crFY 2024-25
+25%2024–2025
26+0% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Operator of standalone hotel

Hotels
₹6.31 crFY 2024-25
+15%2024–2025
25LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Deshadan Resorts & Hotels

Hotels
₹3.01 crFY 2024-25
+0%2024–2025
18LinkedIn · Jul 2026
25 yr2001
0none in 3 months

DAFY Online Pvt. Ltd

Car rentals
₹1.27 crFY 2024-25
+100%2024–2025
27LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Oct 2025

Operator of resort providing lodging in cottages, villas, and chalets

Hotels
₹1.18 crFY 2024-25
-31%2024–2025
3LinkedIn · Jul 2026
8 yr2018
0none in 3 months

A mountain resort offering accommodation services

Hotels
₹99.08 lakhFY 2024-25
-33%2024–2025
5LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Operator of tours

Tour operators
₹86.01 lakhFY 2024-25
+17%2024–2025
—Not available
6 yr2020
0none in 3 months

Provider of customized tour packages, travel itineraries, and destination management

Tour operators
₹40.21 lakhFY 2024-25
-21%2024–2025
—Not available
38 yr1988
0none in 3 months

Provider of customized domestic and international tour packages

Tour operators
₹31.78 lakhFY 2024-25
+93%2024–2025
—Not available
4 yr2022
0none in 3 months

Provider of travel agency services

Travel agencies
₹31.14 lakhFY 2024-25
+274%2024–2025
4LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Provider of travel agency services

Travel agencies
₹19.79 lakhFY 2024-25
+9%2024–2025
—Not available
9 yr2017
0none in 3 months

Travel services company that offers a range of tour packages

Tour operators
₹15.70 lakhFY 2023-24
Not reported
—Not available
4 yr2022
0none in 3 months

Provider of travel agency services

Travel agencies
₹12.28 lakhFY 2023-24
Not reported
—Not available
4 yr2022
0none in 3 months

Provider of tour operator services

Tour operators
₹10.44 lakhFY 2024-25
-13457%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of hospitality and surface care solutions

Hotel management services
₹7.67 lakhFY 2024-25
+613%2024–2025
1LinkedIn · Jul 2026
16 yr2010
0none in 3 months
26 of 273 companies shown here · the full list is on Radar
Fliar Radar

Explore all 273 travel and hospitality companies in Kerala on Radar

This page shows the top 26. Radar has the complete, filterable list with contacts and live company signals.

Open travel and hospitality in Kerala on Radar
  • Every company, not just 50All 273 travel and hospitality companies in Kerala, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore travel and hospitality companies in Kerala by what you are looking for

Browse top travel and hospitality companies in Kerala, from tour operators and travel agencies to hotels, resorts and car rentals. Find travel and hospitality startups in Kerala and adventure tour providers.

9 ways to explore travel and hospitality in Kerala

Tour operators & holiday package providersTravel agencies & online travel companiesHotels, resorts & hotel management companiesCar rental, taxi & bus operatorsAdventure, camping & outdoor tour operatorsChartered flights, airports & cruise operators

Tour operators & holiday package providers

Operators of Kerala tour packages, itineraries and guided holidays.

  1. Spiceland Holidays

    Operator of tours

    Tour operators
    Website
  2. Paradise Kerala

    Operator of curated travel experiences including accommodations, transportation, and itinerary planning

    Tour operators
    See in list
  3. dravidian

    Provider of destination management services

    Tour operators
    See in list
  4. Gateway Malabar

    tour packages in kerala | India tour packages | tour package

    Tour operators
    See in list
  5. Kalypso Adventures

    Operator of travel company offering guided activity and nature holidays

    Hiking camping & adventure tour operators
    See in list

Travel agencies & online travel companies

Travel agencies and booking platforms for flights, hotels and trips.

  1. Leisure Lyrics

    Provider of travel agency services

    Travel agencies
    See in list
  2. Sundale Vacations

    Provider of travel services

    Travel agencies
    Website
  3. Signature Travel

    Provider of travel agency services

    Travel agencies
    See in list
  4. Tour Catalyst Experiences

    Provider of travel agency services

    Travel agencies
    See in list
  5. Travelspoc

    Provider of marketplace and travel itinerary aggregation platform

    Online travel
    Website

Hotels, resorts & hotel management companies

Hotels, resorts, homestays and companies that manage them.

  1. CGH Earth

    Operates holiday destination resorts and organizes eco-tours

    Hotels
    See in list
  2. Harbourviewresidency

    Provider of luxury business hotel accommodations and event spaces

    Hotels
    See in list
  3. Punnamada Resort

    Operator of resort

    Hotels
    See in list
  4. Dass Continental

    Operator of standalone hotel

    Hotels
    See in list
  5. Deshadan

    Deshadan Resorts & Hotels

    Hotels
    See in list

Car rental, taxi & bus operators

Self-drive cars, taxis and bus services for getting around Kerala.

  1. Kochi Metro Rail

    Provider of rail operating services

    Passenger rail operators
    See in list
  2. Neo Classic

    Provider of travel planning resources and booking facilitation for transportation

    Cruise & ferry operators
    See in list
  3. DAFY Online

    DAFY Online Pvt. Ltd

    Car rentals
    See in list
  4. Explorides Enterprises

    A travel and hospitality service provider company

    Hotels
    Website
  5. Kottayam Cars

    Car rentals service provider

    Car rentals
    Website

Adventure, camping & outdoor tour operators

Hiking, camping, trekking and other outdoor adventure experiences.

  1. Youngwind

    Provider of adventure sports activities, training programs, and adventure park setup

    Hiking camping & adventure tour operators
    Website
  2. E3 Theme Parks

    An entertainment and leisure destination, offering a range of activities and attractions

    Theme & amusement parks
    Website
  3. vythiri park

    The amusement park in Vythiri is the new beginning of adventure activities in Wayanad.

    Theme & amusement parks
    Website
  4. Atlas Tours And Travels

    Operators of hiking, camping & adventure tours

    Hiking camping & adventure tour operators
    Website
  5. kerala bicycle trips

    Join Kerala Bicycle Trips on hand crafted Cycling Tours in Kerala, South India.

    Hiking camping & adventure tour operators
    Website
25 companies in Kerala

Chartered flights, airports & cruise operators

Charter flights, helicopter tours, airports and ferry or cruise services.

  1. Cochin International Airport

    Provider of facilities and services to passengers, including flight schedules, arrivals, and departures

    Airport operators
    See in list
  2. K-Aircharters

    Provider of aircraft sales, management, charter, aerospace, and defense services

    Aircraft financing & leasing
    Website
  3. kannur international airport

    Kannur International Airport is airline firm.

    Airport operators
    Website
  4. Zettfly

    Provider of ultra-low-cost air travel services

    Chartered flights
    Website
  5. Sea Bird

    Provider of integrated solutions for efficient port operations and maritime services

    Chartered flights
    Website
15 companies in Kerala

Museums, heritage sites & travel training

Museums, galleries, historic sites and training institutes linked to tourism and aviation.

  1. Cochin Shipyard

    Provider of ship design & engineering services

    Ship design and engineering services
    See in list
  2. The Kerala Museum

    Operator of art museum

    Museums & galleries
    Website
  3. Felix Art Studio

    Operator of art studio

    Museums & galleries
    Website
  4. Flyastrid

    Chains providing aviation, hospitality, and travel industry training programs

    Higher education institutions
    Website
  5. Flyinggooseaviation

    Provider of aviation training programs including air hostess and cabin crew

    Higher education institutions
    Website

Travel and hospitality startups in Kerala

Recently founded travel and hospitality companies in Kerala.

  1. DAFY Online

    DAFY Online Pvt. Ltd

    Car rentals
    See in list
  2. Royalsafariholiday

    Provider of customized domestic and international tour packages

    Tour operators
    See in list
  3. Leisure Lyrics

    Provider of travel agency services

    Travel agencies
    See in list
  4. Dale Vihari Trips

    Travel services company that offers a range of tour packages

    Tour operators
    See in list
  5. Tour Catalyst Experiences

    Provider of travel agency services

    Travel agencies
    See in list
49 companies in Kerala

Travel and hospitality companies hiring in Kerala

Travel and hospitality companies in Kerala with open roles.

  1. Kochi Metro Rail

    Provider of rail operating services

    Passenger rail operators
    See in list
  2. CGH Earth

    Operates holiday destination resorts and organizes eco-tours

    Hotels
    See in list
  3. DAFY Online

    DAFY Online Pvt. Ltd

    Car rentals
    See in list
  4. Travlounge

    Operator of travel revolution and drive

    Hiking camping & adventure tour operators
    Website
  5. Kerala Holidays

    Operator of tourism services, providing curated travel itineraries and tour packages

    Tour operators
    Website
10 companies in Kerala
Mobile reach

Top 7 travel and hospitality apps from Kerala

The most-installed Android apps published by travel and hospitality companies headquartered in Kerala — 1.4M installs between them. 7 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 7
1

Ente KSRTC

by KSRTC

Installs1.3M
Rating—
Last updatedDec 2022
View on Google Play ↗
Ente KSRTC screenshot 1Ente KSRTC screenshot 2Ente KSRTC screenshot 3Ente KSRTC screenshot 4
5

Xplor

by Xplor

Installs9K
Rating—
Last updatedJun 2026
View on Google Play ↗
Xplor screenshot 1Xplor screenshot 2Xplor screenshot 3Xplor screenshot 4Xplor screenshot 5Xplor screenshot 6
6

Waiver Partner - Earn with Us

by Driverify

Installs2K
Rating—
Last updatedNov 2025
View on Google Play ↗
Waiver Partner - Earn with Us screenshot 1Waiver Partner - Earn with Us screenshot 2Waiver Partner - Earn with Us screenshot 3Waiver Partner - Earn with Us screenshot 4Waiver Partner - Earn with Us screenshot 5Waiver Partner - Earn with Us screenshot 6
7

Parknsure - Parking management

by Parknsure

Installs893
Rating—
Last updatedMay 2026
View on Google Play ↗
Parknsure - Parking management screenshot 1Parknsure - Parking management screenshot 2Parknsure - Parking management screenshot 3Parknsure - Parking management screenshot 4Parknsure - Parking management screenshot 5
The business behind the activity

Travel and hospitality financials in Kerala

Revenue, profit and growth from the filed annual accounts of 25 travel and hospitality companies in Kerala for FY24-25 — 32 of the 273 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,241.96 cr

25 companies filing accounts

combined net profit₹1,340.41 cr

21.5% aggregate margin

are profitable56%

14 of 25 companies

median revenue~₹1.3 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹4,455.47 crFY19-2021 filers
₹3,299.74 crFY20-2120 filers
₹3,937.76 crFY21-2220 filers
₹3,465.32 crFY22-2322 filers
₹5,149.12 crFY23-2424 filers
₹6,241.96 crFY24-2525 filers

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

Like-for-like

The same 20 companies over three years

+81%
FY22-23₹3,453.89 cr₹613.08 cr net
FY23-24₹5,148.62 cr₹1,238.97 cr net
FY24-25₹6,240.90 cr₹1,340.40 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 cr1164% profitable
₹1–10 cr1030% profitable
₹10–100 cr1100% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr2100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking6
0–20%9
20–50%2
50–100%2
Doubled+3

22 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

14profitable
11loss-making
21.5%aggregate margin
1.0%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
Cochin ShipyardCOCHIN SHIPYARD LIMITED+24%₹4,908.29 cr
Cochin International AirportCOCHIN INTERNATIONAL AIRPORT LIMITED+13%₹1,142.17 cr
CGH EarthHOTEL& ALLIED TRADES PRIVATE LIMITED+4%₹115.79 cr
Paradise KeralaRAVEENDRA HOSPITALITY PRIVATE LIMITED-3%₹20.37 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Cochin International AirportCOCHIN INTERNATIONAL AIRPORT LIMITED42.9%₹1,142.17 cr
Cochin ShipyardCOCHIN SHIPYARD LIMITED17.2%₹4,908.29 cr
CGH EarthHOTEL& ALLIED TRADES PRIVATE LIMITED6.5%₹115.79 cr
Paradise KeralaRAVEENDRA HOSPITALITY PRIVATE LIMITED3.2%₹20.37 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hotels7₹134.16 cr~₹3.0 cr57%4.8%
Tour operators9₹41.41 cr~₹86 lakh56%-1.2%
Leaders

Largest travel and hospitality companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Cochin ShipyardCOCHIN SHIPYARD LIMITED₹4,908.29 cr₹842.91 cr17.2%+24%
Cochin International AirportCOCHIN INTERNATIONAL AIRPORT LIMITED₹1,142.17 cr₹489.85 cr42.9%+13%
CGH EarthHOTEL& ALLIED TRADES PRIVATE LIMITED₹115.79 cr₹7.49 cr6.5%+4%
Paradise KeralaRAVEENDRA HOSPITALITY PRIVATE LIMITED₹20.37 cr₹64.24 lakh3.2%-3%
dravidianDRAVIDIAN TRAILS HOLIDAYS PRIVATE LIMITED₹8.41 cr−₹15.20 lakh-1.8%-28%
Gateway MalabarGATEWAY MALABAR HOLIDAYS PRIVATE LIMITED₹8.35 cr−₹74.61 lakh-8.9%+13%
Neo ClassicNEO CLASSIC CRUISE AND TOURS PRIVATE LIMITED₹7.39 cr₹1.93 cr26.1%+320%
Punnamada ResortPUNNAMADA RESORTS PRIVATE LIMITED₹6.87 cr−₹2.11 cr-30.8%+1%
Kalypso AdventuresKALYPSO ADVENTURES PRIVATE LIMITED₹6.56 cr₹6.68 lakh1.0%+25%
Dass ContinentalDASS REGENCY PRIVATE LIMITED₹6.31 cr−₹30.71 lakh-4.9%+15%
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 Kerala 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 Kerala
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 Kerala 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, Kerala7

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 Kerala

7Merger

Most active acquirers

  1. Air india express3
  2. AIX Connect (formerly AirAsia India)2
  3. AirAsia (India) Pvt. Ltd. (now AIX Connect Pvt. Ltd.)1
  4. Air india1

Most acquired or merged

  1. Air india express4
  2. AIX Connect (formerly Air Asia India)1
  3. AIX Connect (formerly AirAsia India)1
  4. AIX Connect Pvt Ltd1

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 Kerala

Meet the people behind travel and hospitality companies in Kerala. 35 of 273 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Kerala travel and hospitality companies by sub-sector

The most common specialisations among travel and hospitality companies in Kerala. 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.

Coming soon