Sayaji Hotels Ltd (SHL) is a prominent player in the Indian hospitality industry, established in 1982. Initially formed as Monali Land & Housing Company Pvt Ltd, it transitioned to a public limited company in 1987. The company, promoted by Razak D Dhanani, operates a chain of hotels in strategic business centers across India, including Indore, Vadodara, Gandhidham, and Pune. Over the years, SHL has expanded its footprint through significant hotel projects and restaurant chains, such as Barbeque Nation.
In recent years, SHL has undergone strategic corporate restructuring, including a composite scheme of amalgamation and demerger, effective August 2023, to streamline its operations and enhance shareholder value. This included merging Ahilya Hotels Limited into SHL and demerging certain undertakings to Sayaji Hotels (Indore) Limited and Sayaji Hotels (Pune) Limited. Constant renovations and expansions have kept SHL competitive, including the recent upgrades to its Pune and Indore properties. The company continues to focus on growth and diversification within the hospitality sector.
