In a landmark development, Mahindra Holidays and Resorts India Ltd. (MHRIL) has signed a momentous Memorandum of Understanding (MOU) with the Government of Uttarakhand, signalling its intent to invest a whopping INR 1,000 crore in the state. This monumental investment represents the single largest commitment MHRIL has ever made to any state in India and is a pivotal component of its ambitious expansion plan, aiming to increase its offerings from 5,000 to 10,000 keys by the year 2030.

Chairman of the Mahindra Group, Anand Mahindra, took to social media platform X (earlier called Twitter) to reveal this venture.

Kavinder Singh, Managing Director and Chief Executive Officer of MHRIL, lauded the Uttarakhand government's visionary approach to tourism, praising its efforts to establish tourist destinations, circuits, and clusters with infrastructure conducive to world-class tourism experiences. Singh expressed his gratitude for the proactive support extended by the government, emphasising Mahindra Holiday's commitment to contributing to the state's economic growth while creating unforgettable vacation experiences for its growing member base.

The strategic investment in Uttarakhand will include the construction of four-to-five large marquee resorts in diverse locations such as Haridwar, Char Dham, Rajaji and Corbett National Parks, Auli, and Hrishikesh. This venture is set to more than double MHRIL's presence in the state, with existing Club Mahindra resorts already thriving in Jim Corbett, Mussoorie, Kanatal, and Binsar.

Uttarakhand, blessed with its captivating destinations, draws people of all ages from across the country. MHRIL's decision to invest in the state reflects not only its confidence in Uttarakhand's potential but also its dedication to fostering economic growth and delivering memorable vacation experiences.

Moreover, MHRIL's exceptional performance in recent quarters, culminating in an impressive 84 percent occupancy rate for FY ‘23, aligns with its plans for further expansion. To meet the growing demand for family vacations, the company is poised to invest INR 2,000 crore over the next three years in adding more rooms and refurbishing resorts, making it an exciting period of growth and transformation for Mahindra Holidays & Resorts.