May 21, 2018 3:23 PM ET

Hotels, Restaurants and Leisure

Company Overview of Indian Railway Catering and Tourism Corporation Ltd.

Company Overview

Indian Railway Catering and Tourism Corporation Limited provides travel, tourism, and hospitality services in India. The company operates through four segments: Catering and Hospitality, Internet Ticketing, Travel & Tourism, and Rail Neer. The Catering & Hospitality segment provides railway catering and hospitality services, which include department, mobile, and static catering services; and non railway catering and hospitality services comprising institutional catering, office catering, event catering and management, facility management, guest house management, housekeeping, consultancy services, food courts, kiosks, etc. The Internet Ticketing segment operates e-commerce site to book the t...

Statesman House, B-148

11th Floor

Barakhamba Road

Connaught Place

New Delhi,  110001

India

Founded in 1999

Phone:

91 11 2331 1263

Fax:

91 11 2331 1259

Key Executives for Indian Railway Catering and Tourism Corporation Ltd.

Chairman & MD
Chief Vigilance Officer
Chief Vigilance Officer
Age: 28
Company Secretary
Group General Manager of Human Resource Development
Compensation as of Fiscal Year 2017.

Indian Railway Catering and Tourism Corporation Ltd. Key Developments

IRCTC Limited Appoints Sarita Deshpandey as Non-Official Independent Director on the Board

Sarita Deshpandey has been appointed as Non-Official Independent Director on the Board of the IRCTC Limited under the Ministry of Railways for a period of three years.

RITES To Be Divested

The government of India has decided to disinvest RITES Limited in 2017-2018, after temporarily shelving the listings of Indian Railway Finance Corporation Limited (IRFC) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC). If the listing happens, the engineering consultancy arm of the railways will become the second railway subsidiary to get listed on a stock exchange, after Container Corporation of India Limited (NSEI:CONCOR). The government wants to raise at least INR 5 billion from the listing of RITES. It is likely to be followed by divestment in another railway subsidiary, Ircon International Limited.

A Clutch Of Companies From Railway Sector Plans IPO

Indian Railway Catering and Tourism Corporation Ltd., RITES Ltd., Rail Vikas Nigam Limited, Indian Railway Finance Corporation Limited, Konkan Railway Corporation Limited, Mumbai Railway Vikas Corporation Ltd and Ircon International Limited are planning for initial public offerings.

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Recent Private Companies Transactions

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