Vikram Kamats Hospitality Limited (VKHL), formerly known as Vidli Restaurants Limited, has successfully raised ₹28 crore through a preferential allotment to accelerate the growth and expansion of its mid-market hotel chain, VITS Hotels. The funding was secured from prominent investors, including Mrinalini Jaisinghani of the Polycab Group, Nabs Vriddhii LLP of the Sattva Group, The Golden Bird Fund (a foreign portfolio investor), and Green Portfolio Fund Management.
This strategic investment will support the expansion of VKHL’s 25 existing VITS Hotels across India, which are known for delivering exceptional service and a homely experience to both leisure and business travelers. VITS Hotels has become a recognized name in mid-market hospitality with a focus on premium comfort and quality service.
Dr. Vikram Kamat, Managing Director of VKHL, expressed gratitude for the continued trust of investors and highlighted the company’s commitment to growth and profitability. “Since 2016, we have consistently provided excellent returns to investors by focusing on profitable business strategies and expansion. This funding reinforces our vision to grow our footprint with more VITS Hotels and Kamats Restaurants across India,” he stated.
Founded in 2007, VKHL operates as the flagship company of the VITSKAMATS Group and is listed on the Bombay Stock Exchange (BSE ID: KAMATS & BSE Code: 539659). The company focuses on the Kamats Restaurant chain and VITS Hotels, with its subsidiary Vitizen Hotels Ltd. managing hotel operations under lease, franchise, and management models.
With this fresh infusion of capital, VKHL is poised to unlock new opportunities in the mid-market hospitality sector, emphasizing quality, innovation, and customer satisfaction to redefine the travel experience in India.
