Tag Archives: Pradip Kumar Das

ITDC records Rs.17.5 cr net profit before tax during 2016-17

India Tourism Development Corporation (ITDC), conducted its 52nd Annual General Meeting at The Ashok, New Delhi. Chairing the meeting, Ravneet Kaur, IAS, Chairperson & Managing Director, ITDC, announced that corporation closed the year with a turnover of Rs. 495.14 crore during 2016-17. The net profit before tax has been recorded to Rs.17.52 crore during 2016-17. Also, the board declared and approved a dividend of 13.30 per cent amounting to Rs.11.41 crore approximately in the meeting held on May 30, 2017. Other Board of Directors present during the meeting included Piyush Tiwari, Director (Commercial & Marketing), Pradip Kumar Das, Director (Finance), government nominee directors and independent directors. The CMD announced that ITDC has shown a significant improvement in the operational efficiency. Overall occupancy during 2016-17 was 58 per cent as against 52 per cent during 2015-16 with flagship Hotel ‘The Ashok’ recording highest turnover of Rs. 152.91 cr during 2016-17. The board said that a big push is being given to connect ITDC with new customers especially with younger generation through print and social media. Steps are being taken to make ITDC website more attractive and user friendly.

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ITDC organises awareness program on cashless banking

In a bid to create awareness about digital payments and cashless banking in the wake of demonetisation, India Tourism Development Corporation (ITDC) organised an interactive awareness program for its employees in association with State Bank of Hyderabad. During the awareness program, various available modes of cashless transactions such as POS machines, e-wallet, mobile banking, online banking, using apps such as SBI Buddy, SBI Freedom etc. were demonstrated and explained in detail. Umang Narula, Chairman and Managing Director, ITDC, said, “It’s a matter of great satisfaction and pride that this workshop was organised. The government is promoting cashless transactions to overcome the acute shortage of lower denominations. In my opinion, this is a good move as digital transactions ensure transparency and proper payment of taxes.” He appealed to the employees and the young trainees to join the digital system of operations at the earliest as the nation is moving towards the cashless mode of transactions. The program was also graced by Piyush Tiwari, Director Commercial and Marketing, ITDC, Pradip Kumar Das, Director Finance, ITDC, and Vinayak Garg, Chief Vigilance Officer, ITDC.

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