IDFC Alternatives

IDFC Alternatives, established in 2002, is an investment management firm that specializes in alternative assets. Initially part of IDFC, the company focused on private equity, infrastructure, real estate, and debt investments. In 2018, it sold its infrastructure asset management business to Global Infrastructure Partners India. In 2019, Investcorp acquired its private equity and real estate fund business.

Satish Mandhana

Managing Director

Raja Parthasarathy

Managing Director

Prakash Karnik

Executive Vice President

50 past transactions

Aerem

Debt Financing in 2025
Aerem is a Mumbai-based FinTech platform dedicated to promoting clean energy solutions for businesses and commercial enterprises. By facilitating the adoption of rooftop solar systems, Aerem enables organizations to significantly reduce electricity costs by up to 70%. The company utilizes a comprehensive installer network and offers financing options through its in-house non-banking financial company or partner banks, making it easier for businesses, particularly micro, small, and medium enterprises, to transition to solar energy. Aerem’s mission is to democratize access to clean energy and contribute to a sustainable future, achieving a positive impact on the environment, society, and economy through its innovative services. With its growing presence across India, Aerem is positioned to lead the charge in solar energy adoption.

Citykart

Private Equity Round in 2019
Citykart Retail Private Ltd, established in 2015 and based in New Delhi, India, operates a chain of apparel retail stores focused on providing affordable fashion for the entire family. The company is recognized for setting up modern stores in smaller towns and cities, offering a diverse range of products that includes clothing, accessories, footwear, toys, luggage, and home furnishings for men, women, and children. Citykart aims to create a welcoming shopping environment that combines traditional values with a contemporary outlook, emphasizing customer relationships and personalized service. By prioritizing customer satisfaction, Citykart seeks to deliver an enjoyable shopping experience that fosters a sense of community and connection with its clientele.

Zolo

Series B in 2019
Zolo is a company based in Bangalore, Karnataka, India, that specializes in providing managed co-living spaces for students and young professionals. Established in 2015, Zolo aims to enhance the traditional options of paying guest accommodations, service apartments, and hostels by offering a range of living amenities, both basic and luxurious. Its fully furnished rooms come with essential services such as hygienic food, daily housekeeping, internet access, and security features. By delivering a hassle-free long-term living experience, Zolo addresses the needs of individuals relocating to new cities, enabling them to adapt quickly to their new environments.

The Leela Palaces

Post in 2019
The Leela Palaces, Hotels and Resorts are 5 star luxury and business hotels in India. The hotels are located in Bengaluru, Chennai, Goa, Gurgaon, Kovalam, Mumbai, New Delhi, and Udaipur. The Leela Palaces, Hotels and Resorts was founded in 1985 and headquartered in Mumbai, Maharashtra. It is owned and managed by Hotel Leelaventure Limited which was established in 1983 in Mumbai. The company is a part of The Leela Group whose portfolio includes hotel and resort properties; IT and business parks; as well as, real estate development.

Mytrah Energy

Debt Financing in 2017
Mytrah Energy Limited is an independent power producer based in Saint Peter Port, Guernsey, with operations primarily in India. The company generates electricity from renewable sources, specifically wind and solar power, with a capacity of 1,000.8 MW derived from 16 wind energy plants across eight states. Mytrah Energy (India) Private Limited, a subsidiary of Mytrah Energy Limited, focuses on selling power to state grids and directly to industrial consumers through short-term agreements. Established in 2009, Mytrah Energy has developed a strong portfolio of renewable energy projects, emphasizing sustainability and ethical business practices. The company aims to expand its renewable energy capacity and enhance its contributions to India’s energy landscape.

ASG Eye Hospitals

Venture Round in 2017
ASG Eye Hospitals is a prominent chain of super-specialty eye hospitals operating across various cities in India. Founded by experts from AIIMS, New Delhi, the organization has expanded its reach in regions including North and North East India, Rajasthan, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Jharkhand, Bihar, and Assam. The hospital network offers comprehensive ophthalmic care, specializing in a wide array of ocular sub-specialties, such as cataracts, diabetic retinopathy, glaucoma, macular degeneration, and eye tumors. ASG Eye Hospitals is committed to providing advanced diagnosis, treatment, and surgical services utilizing cutting-edge technology. The institution prides itself on employing highly skilled and trained professionals, including world-class surgeons with extensive surgical experience and expertise, ensuring patients receive top-tier eye care to help them regain their vision.

Ascend Telecom Infrastructure

Private Equity Round in 2017
Ascend Telecom Infrastructure Pvt. Ltd., established in 2002, is a prominent independent provider of telecom infrastructure in India. The company specializes in the development and management of passive telecom infrastructure, catering to the needs of mobile and telecom operators. As a registered Infrastructure Provider with the Government of India, Ascend has pioneered the Build-Own-Lease model, allowing telecom giants to utilize its comprehensive infrastructure solutions. By offering end-to-end support on a shared or multi-tenancy basis, Ascend Telecom enables the mobile and wireless industries to efficiently meet their infrastructure requirements while maintaining flexibility and scalability.

GR Infraprojects

Acquisition in 2017
G R Infraprojects Limited is an integrated engineering, procurement, and construction (EPC) company based in Udaipur, India, primarily focused on road and highway infrastructure. Established in 1995, the company constructs state and national highways, bridges, culverts, flyovers, and airport runways, in addition to residential projects like housing societies. G R Infraprojects is also involved in the operation and maintenance of roadways, executing projects on a build-operate-transfer basis. It manufactures thermoplastic road-marking paints, road signage, and metal crash barriers, as well as processes bitumen. The company's revenue is predominantly derived from its Build, Operate, and Transfer (BOT) and annuity project segments, reflecting its commitment to long-term infrastructure development in India.

UNO Minda

Private Equity Round in 2017
Making its mark in the International Grid of Automobile Components manufacturing, UNO MINDA steers ahead as a leading Tier 1 supplier of Proprietary Automotive Solutions to Original Equipment Manufacturers (OEMs). Incepted way back in 1958 with a meagre start-up capital and now notching up a group turnover beyond US$ 875 million, speaks volumes of the conglomerate that it is today.

ONGC Tripura Power Company

Private Equity Round in 2015
ONGC Tripura Power Company Ltd. operates a 726.6 MW combined cycle gas turbine thermal power plant located in Palatana, Tripura. Established in 2004, the company aims to address the power supply deficit in the northeastern states of India by utilizing locally produced natural gas, which makes the operation economically viable. As a special purpose vehicle, it was created through a partnership between the Oil and Natural Gas Corporation, IL&FS Group, and the Government of Tripura. The plant plays a crucial role in ensuring a stable electricity supply to the region, supporting its energy needs and contributing to local development.

DB Power

Private Equity Round in 2015
DB Power is an energy company that owns and operates coal power plants. The company's coal-based thermal plants are comsettingted to setting up facilities of coal-based electric power that will be fuelled by setting up greenfield projects. It was incorporated in 2006 and is headquartered in Mumbai, India.

National Commodity & Derivatives Exchange (NCDEX)

Private Equity Round in 2013
National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed on-line multi commodity exchange. The shareholders of NCDEX comprises of large national level institutions, large public sector bank and companies. NCDEX offers a bouquet of benefits, which are currently in short supply in the commodity markets. The shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills. NCDEX is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on May 9, 2003. It commenced its operations on December 15, 2003. Corporate Identity No. is U51909MH2003PLC140116.

MediBuddy

Series B in 2013
MediBuddy is a digital healthcare platform designed to provide seamless access to a variety of healthcare services, including online doctor consultations, lab tests, and medicine delivery. Its mission is to make quality healthcare accessible and affordable for everyone, regardless of time or location. The platform enables patients to consult with specialist doctors through calls or chat, share medical reports, and receive online consultations and prescriptions. With the capability to offer medical support within half an hour's notice, MediBuddy leverages technology to effectively connect patients with healthcare providers, thereby bridging the gap in healthcare accessibility.

Medi Assist

Private Equity Round in 2013
Medi Assist is dedicated to simplifying health insurance for Indian citizens by making benefits hassle-free, accessible, and affordable. The company aims to enhance the healthcare experience through efficient management of health insurance processes, ensuring that individuals can easily navigate their health coverage. By focusing on customer-centric services, Medi Assist strives to improve the overall accessibility of health insurance, thereby promoting better health outcomes for the population.

United Liner Shipping Services

Private Equity Round in 2013
United Liner Shipping Services LLP is a shipping agency based in India that specializes in providing shipping logistics, cargo, and transportation services for the marine and logistics industry. The company offers a range of liner shipping services, including bulk, project, and buyer cargo consolidation. By facilitating these services, United Liner Shipping aims to support ports and container depots with cost-effective shipping solutions, enhancing the efficiency and reliability of cargo transportation.

Seaways Group

Private Equity Round in 2013
Seaways Group is a shipping company that provides freight forwarding, NVOCC, cargo logistics, offshore, and warehousing services.

GMR Group

Private Equity Round in 2013
GMR Infrastructure Limited is a prominent infrastructure development firm based in New Delhi, India, focused on various sectors including airports, energy, highways, and urban infrastructure. The company engages in engineering, procurement, and construction activities, while also developing, maintaining, and operating airport infrastructure and special economic zones. GMR Infrastructure operates international airports under a build, own, operate, and transfer model and is involved in power generation, coal mining, and energy trading. Additionally, the firm develops highways through a build, operate, and transfer model and provides EPC solutions in the infrastructure domain. GMR Infrastructure also invests in urban infrastructure and manages hotels, while its subsidiary, GMR Energy Limited, develops diverse power generation projects that include coal, gas, and renewable energy sources. Established in 1996, GMR Infrastructure Limited emphasizes quality and operational efficiency across its projects, while also engaging in social responsibility initiatives through the GMR Varalakshmi Foundation, which focuses on education, health, and community development.

Parag Milk Foods

Venture Round in 2012
Parag Milk Foods Limited is an Indian company that specializes in the processing, manufacturing, and sale of milk and dairy products. Established in 1992 and headquartered in Mumbai, it offers a diverse range of products, including ghee, paneer, curd, butter, and flavored milk under the Gowardhan and Go brands. The company also markets premium farm-to-home milk through its Pride of Cows brand, as well as vegetarian whey protein products under the Avvatar brand. Parag Milk Foods focuses on producing items made from 100% cow's milk and has a significant presence in both domestic and international markets, exporting to several countries, including the United States and various nations in the Middle East and Southeast Asia. The majority of its sales revenue is generated within India, reflecting its strong foothold in the local dairy industry.

Sahyadri Hospitals

Secondary Market in 2012
Sahyadri Hospitals operates a network of specialty hospitals located in Pune, Nashik, Karad, and Navi Mumbai, India. Established in 1994 and based in Pune, the organization provides a comprehensive range of healthcare services, including primary, secondary, and tertiary care. Sahyadri Hospitals specializes in various medical fields such as neurosurgery, neurology, hematology, oncology, cardiology, critical care, general and plastic surgery, orthopedics, pediatrics, ENT, nephrology, and urology. With a total of eight hospitals housing 900 beds, the organization employs over 1,000 clinicians and 2,300 supporting staff, having significantly impacted the health of approximately 5 million individuals. Sahyadri Hospitals aims to deliver accessible and accountable healthcare to the community while maintaining high standards in specialized medical services.

ReGen Powertech

Private Equity Round in 2012
ReGen Powertech is a leading manufacturer of wind turbine generators in India, focused on providing clean, green, and sustainable energy solutions. Since the establishment of its advanced manufacturing facility in Tada, Andhra Pradesh, the company has rapidly grown within the wind energy sector. ReGen Powertech specializes in multi-megawatt, gearless direct-drive turbines, and also offers solar inverters and hybrid inverters. In addition to manufacturing, the company provides comprehensive services that include wind research, power evacuation, project management, and consultancy, catering to the increasing demand for wind power in India and other regions.

StarAgri

Private Equity Round in 2012
StarAgri is focused on empowering farmers both small and large - so that they gain more from their harvests. The company helps farming communities protect their produce and reduce post harvest losses to increase food availability without placing additional burden on the environment. As agriculture moves up the global growth agenda, the company is addressing one of the planet most pressing challenges today - food security with depleting resources.

Green Infra

Private Equity Round in 2011
Green Infra is a privately held company produces and provides renewable energy power in India. It focuses on wind, solar, hydro, biomass, and energy efficiency verticals.

GVR Infra Projects

Private Equity Round in 2011
GVR Infra Projects Limited is a construction and infrastructure development company based in India and Nepal. The firm specializes in engineering, procurement, and construction services, focusing on a range of projects including roads, railways, bridges, and irrigation systems. With a team of experienced professionals and in-house capabilities, GVR Infra Projects aims to support state governments in delivering essential infrastructure efficiently and on schedule.

GR Infraprojects

Venture Round in 2011
G R Infraprojects Limited is an integrated engineering, procurement, and construction (EPC) company based in Udaipur, India, primarily focused on road and highway infrastructure. Established in 1995, the company constructs state and national highways, bridges, culverts, flyovers, and airport runways, in addition to residential projects like housing societies. G R Infraprojects is also involved in the operation and maintenance of roadways, executing projects on a build-operate-transfer basis. It manufactures thermoplastic road-marking paints, road signage, and metal crash barriers, as well as processes bitumen. The company's revenue is predominantly derived from its Build, Operate, and Transfer (BOT) and annuity project segments, reflecting its commitment to long-term infrastructure development in India.

Wireless TT Info Services

Venture Round in 2009
Wireless TT Info Services Ltd (WTTIL), a wholly-owned company of Tata Teleservices Ltd, is a leading provider of telecom infrastructure, systems, networks and services on a shared, multi-tenancy basis, with over 10,000 cell towers across India. WTTIL builds, operates and provides telecommunication infrastructure, equipment, systems, networks and services for transmission of voice and data communications. The company owns more than 10,000 cell sites and towers in India.

Sabarmati Gas

Venture Round in 2009
Sabarmati Gas Limited is a natural gas retailer and distributor based in Gandhinagar, India, founded in 2006. The company supplies piped natural gas to a diverse range of sectors, including domestic, industrial, commercial, and transportation. It provides compressed natural gas for vehicles through its network of outlets. Sabarmati Gas serves various industries such as ceramics, metals, dairy, glass, pharmaceuticals, plastics, food and beverages, chemicals, textiles, and crockery. The company is committed to maintaining a safe and efficient natural gas distribution system, ensuring reliable access to natural gas for its customers at competitive prices.

MNGL

Venture Round in 2009
MNGL distributes oil and gas. They provide green fuel, compressed natural gas as an alternative to conventional auto fuels like gasoline and diesel, and safe, convenient, and reliable piped natural gas to their customers in the domestic, commercial, and industrial sectors.

Deepak Cables

Venture Round in 2008
Deepak Cables provides power transmission and distribution products.

Moser Baer Solar

Series B in 2008
Established in 1983 in New Delhi, Moser Baer India Ltd (MBIL) is one of India's leading technology companies. MBIL has successfully developed cutting edge technologies to become the world's second largest manufacturer of optical storage media. Moser Baer Solar Limited (MBSL) and Moser Baer Photo Voltaic Ltd (MBPV) are subsidiaries of MBIL involved in Solar business globally including India. Through both these companies Moser Baer serves customers across the solar value chain through world class products and services. In a short span of time since inception in 2005-2007 Moser Baer brand has taken a dominating position in Solar EPC Services and Solar PV modules in India and the world.

Gayatri Highways L

Private Equity Round in 2008
Gayatri Highways Limited is involved in the construction, operation, and maintenance of infrastructure such as roads, highways, vehicle bridges, tunnels, and toll roads in India. Established in 2006 and headquartered in Hyderabad, the company serves as a subsidiary of Gayatri Projects Limited. Its operations focus on enhancing transportation infrastructure, contributing to the development of efficient road networks across the country.

SEForge

Private Equity Round in 2008
SEForge is a manufacturer and supplier of fabricated metal products, specializing in forging and casting. The company produces a range of components, including rotor shafts, gearbox housings, planetary carriers, tower flanges, and bearings. With an in-house testing facility, SEForge ensures high precision in its offerings, which cater to various industries such as wind power, oil and gas, transportation, industrial machinery, mining, construction, defense, and aerospace.

Viom Networks

Private Equity Round in 2008
Viom Networks operates and manages telecommunication towers for telecom service providers in India.

Vijayawada Tollway Private

Private Equity Round in 2008
Vijayawada Tollway Private Limited constructs, develops, and operates highways.

Jas Toll Road

Private Equity Round in 2008
Jas Toll Road Company maintains and operates the toll road stretch of 32.5km between Neelmangala and Tumkur in the state of Karnataka, on the outskirts of Bangalore. This is an operational toll road on the National Highway that connects Bangalore to Pune.

KSK Power Venture

Private Equity Round in 2008
KSK Power Venture is a power project development company based in Hyderabad, India, specializing in the development, ownership, operation, and maintenance of power generation assets. Founded in 2001, the company operates primarily in two segments: project development and power generation. Its portfolio includes several operational power plants, such as the KSK Mahanadi Power plant in Chhattisgarh, which has a capacity of 3,600 megawatts, as well as various other coal, lignite, and natural gas-based plants across India. KSK Power Venture supplies electricity to industrial consumers and state-owned enterprises, focusing on capitalizing on growth opportunities within the Indian power sector. In addition to its core power generation activities, the company also explores natural and mineral resources and engages in investment and financing activities.

Green Infra

Private Equity Round in 2008
Green Infra is a privately held company produces and provides renewable energy power in India. It focuses on wind, solar, hydro, biomass, and energy efficiency verticals.

Emergent Ventures India

Series A in 2008
Emergent Ventures India (EVI) is a consulting and advisory firm established in 1999, specializing in climate change and clean energy solutions. With a focus on delivering market-based solutions to environmental challenges, EVI works with a diverse range of clients, including governments, corporations, development banks, and non-profit organizations. The company operates primarily through two divisions: the Climate Business, which concentrates on carbon markets and environmental sustainability, and the Energy Business, which is dedicated to developing commercial-scale renewable energy projects. EVI's team of over 120 professionals possesses extensive industry experience and expertise in various fields, including technology, economics, and community development. With branch offices in major cities across India and internationally, EVI aims to combine finance with low-carbon technology to create effective solutions that mitigate climate change and promote sustainable practices. The firm is recognized for its ability to deliver high-quality services and has established a reputation for securing repeat business from its clients.

Vijayawada Tollway Private

Private Equity Round in 2008
Vijayawada Tollway Private Limited constructs, develops, and operates highways.

Durg Shivnath Expressways

Private Equity Round in 2007
Durg Shivnath Expressways owns, operates, constructs, and maintains roads and highways.

Moser Baer Solar

Venture Round in 2007
Established in 1983 in New Delhi, Moser Baer India Ltd (MBIL) is one of India's leading technology companies. MBIL has successfully developed cutting edge technologies to become the world's second largest manufacturer of optical storage media. Moser Baer Solar Limited (MBSL) and Moser Baer Photo Voltaic Ltd (MBPV) are subsidiaries of MBIL involved in Solar business globally including India. Through both these companies Moser Baer serves customers across the solar value chain through world class products and services. In a short span of time since inception in 2005-2007 Moser Baer brand has taken a dominating position in Solar EPC Services and Solar PV modules in India and the world.

Sical Logistics

Post in 2007
Sical Logistics Limited is a prominent provider of integrated logistics solutions in India, founded in 1955 and based in Bengaluru. The company specializes in handling both dry and liquid bulk cargo at various ports and operates container freight stations in Chennai, Vizag, and Tuticorin. Its services encompass customs house agency, shipping agency, stevedoring, and road logistics for diverse cargo types, including project cargo and packaged goods. Sical Logistics also offers cold chain and warehousing solutions tailored to the hospitality, pharmaceutical, and FMCG sectors. Additionally, the company manages coal and iron ore terminals at Kamarajar Port and operates container trains for transporting various goods. Beyond traditional logistics, Sical provides surface mining services and develops and operates mines, making it a comprehensive logistics provider in the region. With revenues exceeding Rs. 800 Cr., the company has made significant investments in logistics infrastructure, ensuring a robust operational capacity across different sectors.

PV Technologies India

Private Equity Round in 2007
PV Technologies India is manufactures thin-film solar cells.

CUGL

Private Equity Round in 2006
CUGL is a petroleum and natural gas regulatory agency. They distribute natural gas to consumers in the domestic, commercial, and transport sectors through a network of pipelines. They provide both compressed and piped natural gas for use in gas processing, central air conditioning, and the production of electricity.

Ashoka Buildcon

Private Equity Round in 2006
Ashoka Buildcon Ltd. is a prominent highway developer in India, recognized for its extensive portfolio of 36 public-private partnership (PPP) projects, the largest for any private entity in the country. The company operates primarily in three segments: construction and contract-related activities, build-operate-transfer (BOT) projects, and the sale of construction materials. In addition to highway and bridge construction, it is involved in power transmission and distribution on an engineering, procurement, and construction (EPC) basis. Ashoka Buildcon has executed projects across more than 20 states in India, collaborating with both Central and State Governments, and is currently constructing a road network in the Republic of Maldives. It is also one of the first Indian infrastructure firms to receive certification for Integrated Management Systems, reflecting its commitment to quality and safety. The company boasts a skilled workforce and robust financial standing, enabling it to undertake large-scale projects effectively.

HealthCare Global Enterprises

Private Equity Round in 2006
HealthCare Global Enterprises Limited is a prominent healthcare provider in India, specializing in cancer diagnosis and treatment. The company offers a comprehensive range of services including radiation therapy, medical oncology, and surgical interventions. It operates under the HCG brand and manages several multi-specialty hospitals that provide additional medical services such as cardiology, neurology, orthopedics, gastroenterology, urology, and critical care. In addition to cancer care, HealthCare Global Enterprises also runs fertility clinics under the Milann brand, offering services in reproductive medicine, assisted reproduction, and fertility preservation. As of March 2020, the company operated 22 cancer centers across India and one center in Africa, including a center of excellence in Bengaluru. Their facilities also provide medical diagnostic services, incorporating advanced scientific testing and consultancy for the pharmaceutical and medical sectors. Founded in 1989 and headquartered in Bengaluru, India, HealthCare Global Enterprises is committed to delivering specialized healthcare solutions.

International Recreation Parks

Private Equity Round in 2006
IRPPL is an urban development project, jointly promoted by Unitech and International Amusement. It holds two amusement parks in and around New Delhi and a mall called “The Great India Place”.

Manipal Group

Private Equity Round in 2006
Manipal Group provides education and healthcare services in India and internationally through its subsidiaries. Manipal has been imparting world class education for over six decades. Manipal Acunova Pvt. Ltd. is a collaborative venture between the Manipal Education and Medical Group International India Pvt. Ltd. and AcuNova Ltd. They are also proud of their Stem Cell Research Programme. Manipal Healthcare manages 11 hospitals including 8 teaching hospitals, making it Asia’s largest healthcare management group. Manipal Cure & Care is a healthcare retail venture of Manipal group. Manipal cure and Care endeavors to establish Health & Wellness zones which focus on Wellness, Preventive, and Beauty. MNE Technologies Pvt. Ltd. is the only Asian group of company solely dedicated to providing integrated biomedical equipment maintenance and management and started its operations in India in the year 2000 following in-depth market analysis and customer surveys. The Manipal Foundation has been providing challenging global opportunities in Education & Healthcare to committed,talented and needy youth,besides preserving and promoting culture and traditions that make for a wholesome community. It fulfills this objective by offering Indian and International students a variety of scholarships and fellowships to pursue their ambitions in the fields of Education and Healthcare.

Delhi International Airport

Private Equity Round in 2006
Delhi International Airport Limited operates and manages Indira Gandhi International Airport in New Delhi, India. Established in 2006, the company is a subsidiary of GMR Airports Limited. The airport serves both domestic and international carriers, providing a variety of services designed to enhance passenger experience. These services include flight status updates, passenger guidance, efficient baggage handling, and baggage delivery. Additionally, the airport features duty-free shopping, diverse dining options, and convenient transportation services such as cab services. Overall, Delhi Airport aims to create a comfortable and efficient environment for travelers.

Chalet Hotels

Private Equity Round in 2005
Chalet Hotels Limited is a prominent developer, owner, and manager of high-end hotels in India, primarily focusing on key metropolitan areas such as Mumbai, Hyderabad, Pune, and Bengaluru. The company's hotel portfolio consists of six operational properties, including a serviced residence, featuring recognized brands such as JW Marriott, Westin, and Novotel, totaling 2,554 keys. Chalet Hotels emphasizes strategic locations and efficient design, ensuring that its properties are situated in high-density business districts with significant barriers to entry. In addition to hotel management, the company engages in commercial and retail operations, as well as real estate development. Established in 1986 and headquartered in Mumbai, Chalet Hotels aims to maintain superior standards in the luxury and upscale segments of the hospitality market, providing a range of amenities including fine dining and banquet facilities.
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