TGB BANQUETS&HOTELS Share price

Our HistoryThe Company was incorporated in Ahmedabad on 1st November 1999 as a private limited Company under the name and style of Bhagwati Banquets Pvt Ltd having its registered Office at 73 white House Panchvati Ellisbridge C.G Road Ahmedabad-380006. The Company was subsequently converted to public ltd Company and the name of the Company was changed to Bhagwati Banquets And Hotels Ltd. The Company obtained the fresh certificate of incorporation consequent to conversion and name change on 13/04/2000. The registered office of the Company was changed from 73 white House Panchvati Ellisbridge C.G Road Ahmedabad-380006 to the present address of the Company with effect from 17/10/2005. The group?s first venture was a genuine ?Delhi chat? outlet at Ahmedabad in 1990. The TGB Group diversified into outdoor catering in the mid nineties and met with instant success on account of their mouth watering preparations in Punjabi and Chinese cuisine which became popular with the non-Gujarati clientele of Surat and Ahmedabad. With a view to cope up with the increased business which involved organizing catering at 5 to 6 locations simultaneously both at Ahmedabad and other towns like BarodaSurat Bhavnagar Rajkot etc. and streamlining the operations Bhagwati established a centralized kitchen (food factory) in 1998 at Changodar about 15 kms from Ahmedabad city. This revolutionary concept was brought under the banner of Bhagwati Caterers Pvt Ltd which was incorporated on 03/10/1997.The outdoor catering success led to a pioneering venture in indoor catering. The TGB group opened a hotel at Ahmedabad namely ?The Grand Bhagwati? a three star deluxe hotel located at the Sarkhej Gandhinagar Highway which started its operations from June 2002 under the flagship of the Issuer Company BBHL. While there are 37 rooms a restaurant and a coffee shop its core competency and facility is banqueting. It possesses three banquet halls which can hold 5400 persons on two shift basis all in air-conditioned comfort. It has a large lounge and a captive easy parking facility to match the size of its banquet facility.Major eventsYear Activities1999 The company was incorporated under the name ?Bhagwati Banquets (P) Ltd?2000 Company was converted from private to public limited company and name of thecompany was changed to ?Bhagwati Banquets And Hotels Limited?.2002 The operations at unit ?The Grand Bhagwati? commenced2003 ISO Certification from KPMG2005 i) Company took over the business M/s Bhagwati International a partnership firm.Bhagwati International was engaged in the business of running restaurants and foodcourt.ii) Company took over the entire business of M/s TGB Resorts Karnavati a partnershipfirm. M/s. TGB Resorts Karnavati was engaged in the business of maintaining rooms& restaurants at Karnavati Club Ltdiii) Company has also took over the Assets and entire business of outdoor catering ofBhagwati Caterers Private Limited.2005 ?The Grand Bhagwati? was accredited with three star certification by HRACC Govt ofIndia2006 Company purchased the 100% Equity Shares of M/s Lov Kush Properties Pvt. Ltdmaking it wholly owned subsidiary of the company