Narangs International Hotels Private Limited and its subsidiaries is a family owned company having interests in hotels, flight catering units, fast food outlets and windmill power generation. The shareholders of the company are family members, namely, Mr. Rama Narang, along with his three sons Mr. Ramesh Narang, Mr. Rajesh (Bobby) Narang and Mr. Rakesh (Rico) Narang. Mr. Ramesh Narang is the single largest shareholder of the company, who along with his other two brothers, Mr. Rajesh Narang and Mr. Rakesh Narang are the majority shareholders.
The only Directors of the company as appointed on 4th May, 1999 are as follows:
1. Mr. Rama Narang, Chairman and Managing Director for life
2. Mr. Ramesh Narang, Joint Managing Director for life
3. Mr. Rajesh Narang, Whole Time Director for life.
After Mr. Rama Narang, Mr. Ramesh Narang reverts back to being the Chairman and Managing Director of the company as was the position held by him prior to May 1999.
Key Features are:
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The Company owns and operates hotels under the ‘Ambassador’ brand which are centrally located in the city of Mumbai, Aurangabad and Chennai with sales offices in Delhi, Bangalore, Mumbai, Aurangabad and Chennai.
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The Company is the pioneer in the field of in-flight catering since 1942 and own and operate the largest catering units at Mumbai and Delhi under the brand name ‘The Ambassador's Sky Chef’. The Ambassador's Sky Chef has won numerous awards / trophies and appreciations for their innovative and catering expertise.
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The Company is also in the fast food retail business under the brand name ‘Croissants etc’ operating numerous outlets in and around Mumbai.
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As a major diversification launch and to show growing concern towards environment, the Company ventured into harnessing wind for generating electric power through 25 windmills on 110 acres of land installed in the state of Tamil Nadu.
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The Company directly and indirectly employees over 5000 employees in its various units across the country.
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The company is looking at diversifying into Infrastructure development on the real estate projects held by the company and is also considering joint ventures with overseas partners.
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