Incorporated in 1971 and promoted by Anant Narain Singh, Benares Hotels Limited (BHL) is in the hotel business in Varanasi, Uttar Pradesh. The Company operates its hotels, viz. Taj Ganges and Taj Nadesar Palace in Varanasi and The Ginger Hotel, Gondia in Maharashtra. (Earlier, The Gateway Hotel Balaghat Road, Gondia) in Maharashtra.
In Mar.'94, it undertook a project, financed by term loans, to provide the hotel with a restaurant and bar. It has also finalised plans for further expansion of the hotel, which are currently under implementation.
In 1994-95, the inflow of tourists into the country was adversely affected by the plague epidemic in the country. In spite of this, the company achieved improved working results in 1994-95, showing an increase of 11.6% in revenue.
The hotel is located close to the temples, making it more convenient for foreign tourists. It has a large banquet hall, a swimming pool and a well-maintained garden.
During the year 1998-99 Company declared dividend for the the year is 60% to the shareholders and also earned in foreign exchange earnings amounting to Rs 9.74 crores.
The company recorded a impressive performance in increased occupancy,higher room realisation and higher F & B revenue and because of this the profit after tax increased by 6 % when compared to previous year.
In May, 2011, the Company became a subsidiary of The Indian Hotels Company Limited, a company promoted by Tata Sons Private Limited.
The newly opened Gatewa ...y Hotel, at Gondia, Maharashtra was made operational during 2014-15. A new banquet hall at The Gateway Hotel, Varanasi was commissioned and renovation of 55 rooms was completed in 2017-18. The Hotel completed two phases of renovation starting from 2017/18, in which 96 rooms, Lobby and the Tea Lounge were completely renovated. In addition to this, the Company opened a new Banquet Hall approx. 7700 sq. ft to its facilities at Taj Ganges, Varanasi durinh 2018-19. The 'Taj Ganges Varanasi' Hotel renovated 130 rooms including Lobby and the Tea Lounge in 2019-20. It added three new additional suites and one additional room to the inventory of Taj Nadesar Palace, which accordingly, had 14 keys instead of 10. Also, the Tented Jiva SPA at Taj Nadesar Palace was put to operation.
Effective April 01, 2023, The Gateway Hotel, Gondia was rebranded as Ginger Hotel, Gondia. In FY25, Company saw strong rebound in the business aided by leisure travel and gradual pick up in business travel and witnessed robust revenue growth and profitability. The Company commenced construction of a 100-room tower with larger rooms and take the total inventory to 230 rooms at Taj Ganges, Varanasi in FY 2025.
FAQs on Benares Hotels Ltd
1. Can I buy Benares Hotels Ltd from PL Capital? ›
Yes, you can invest in Benares Hotels Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Benares Hotels Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Benares Hotels Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Benares Hotels Ltd pay dividends? ›
Yes, Benares Hotels Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Benares Hotels Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Benares Hotels Ltd ? ›
As of
04-Feb-2026 , 14:20:17 the share price for Benares Hotels Ltd. is ₹ 9520.1 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Benares Hotels Ltd ? ›
The 52-week high and low of Benares Hotels Ltd share price is ₹ 8999.95 - ₹ 12499.95 as of
04-Feb-2026 , 14:20:17 .
