Incorporated as a private limited company in Mar.'90, Velan Hotels (VHL) was converted into a public limited company in Jun.'92. It was promoted by Shri E.V. Muthukumara Ramalingam and his Associates. The Company is in the business of providing Hospitality Services including running restaurants with a bar for their Chain of Hotels.
VHL had set up Hotel Greenfields in South Tirupur, Tamilnadu, at an estimated cost of Rs 5 Crore and commence commercial operations by Oct.'92. Due to certain unavoidable reasons, the project was delayed and there was cost and time overrun. The hotel commenced partial operations in Jul.'93. The project was implemented in stages and was complete in Sep.'94.
In Dec.'94, the company got into capital market to take up new projects at Coonoor and Tirupur to cat ...er to all categories of guests. As a part of the project, it tookover Ritz, a running hotel, at Coonoor. After renovation and refurbishing and minor modifications, the hotel commenced operations in 1995. It set up Uthra, a restaurant for the upcountry market at North Tirupur. Uthra was commissioned in Jul.'95.
In 2008, the Company started work on a multi-tier food outlet at the centrally located area of Ram Nagar in Coimbatore. The Company
added a Premium Multilevel Multi Cuisine Restaurant 'The Velan Food Park' at Ram Nagar, Coimbatore which commissioned its operations during the month of April, 2009. 6 new deluxe rooms were launched to Velan Hotel, Coonoor to meet the increased seasonal demand in 2009. The Company commenced operation of The Velan Esplanade, Shopping Mall on 6th December, 2013.
Yes, you can invest in Velan Hotels Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Velan 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 Velan Hotels Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Velan Hotels Ltd pay dividends? ›
Velan Hotels Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Velan Hotels Ltd ? ›
As of
14-10-2025 the share price for Velan Hotels Ltd. is 7.12 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Velan Hotels Ltd ? ›
The 52-week high and low of Velan Hotels Ltd share price is ₹ 4.18 - ₹ 9.68 as of
14-10-2025 .
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