Tag Archives: MRG Group

MRG Group, a diversified business conglomerate with interests across real estate, premium hospitality, and infrastructure, has announced the elevation of Mr. Narahari Rao to the role of Chief Executive Officer. This leadership transition underscores the Group’s strategic focus on integrated growth, operational excellence, and long-term value creation. Mr. Rao, who has served as the Group’s Chief Financial Officer, brings over two decades of deep expertise in financial strategy, business planning, and cross-functional leadership. At MRG, he has played a critical role in institutionalising financial systems, driving cost optimisation, strengthening governance frameworks, and aligning capital strategies with business priorities. With extensive experience in hospitality operations and real estate development, Mr. Rao is known for his ability to align financial strategy with business vision. He has successfully led initiatives across profitability enhancement, capital productivity, cash flow management. His insights and leadership have supported MRG’s growth ambitions in Hospitality & Real Estate business reinforcing financial discipline. Prior to joining MRG, Mr. Narahari Rao held senior finance roles across prominent organisations including Colliers Property Services, Synergy Property Development Services Pvt. Ltd, Potential Project Managers Pvt. Ltd., and Kotak Mahindra Prime Ltd. As CEO, Mr. Rao will lead MRG’s overall strategic direction, integrating goals across verticals and accelerating performance in its core sectors. Mr. Narahari Rao, on his elevation, said: “I am deeply honoured by this opportunity and thankful to the leadership at MRG for placing their trust in me. This is more than a role — it’s a responsibility to lead a legacy built on values, vision, and resilience. As we enter a new phase of growth, my focus will be on strengthening our core, unlocking new potential, and building a culture where performance …

MRG Group, a leading force in India’s hospitality and real estate sectors, has outlined a bold expansion strategy that will see its portfolio reach 3500+ keys by 2035. This growth includes a combination of its own properties under the Goldfinch brand and strategic international partnerships. With its flagship Goldfinch brand, celebrated dining establishments such as Sana-di-ge, Kni-hau, Banjara, and The Kabab Studio, MRG Group is poised to enter new domestic markets while exploring global collaborations. Currently, MRG Group operates 11 hotels across India, all owned and managed by the group, with strategic partnerships with leading international brands like Marriott and Hilton in India. The group’s existing portfolio consists of 1200 operational keys, with additional properties under development in key locations such as Goldfinch Goa, Marriott Resort & Spa in Chikkamagaluru, JW Marriott Resort, Spa & Residential in Sakleshpur, Tribute in Mangalore, Goldfinch Retreat in Mangalore, and Westin Bangalore – each set to redefine the industry in the years ahead. MRG Group has identified high-growth cities such as Hyderabad, Chennai, Gurugram (Delhi NCR), Ahmedabad, and Pune as prime locations for its future developments. These cities were selected for their dynamic economic growth, increasing demand for premium hospitality services, and flourishing tourism and real estate sectors. Mr. Gaurav Shetty, Managing Director of MRG Group, emphasized the role of strategic partnerships in their growth. “Our collaborations with esteemed global brands such as Marriott International, alongside the expansion of our own Goldfinch brand, will offer guests a unique blend of luxury and accessibility. We are committed to catering to every type of traveller, from leisure seekers to business professionals, while staying ahead of industry trends,” he explained. While real estate remains the backbone of …

As 2024 draws to a close, we at MRG Group reflect on what has been an extraordinary year of growth, innovation, and success. This year, our flagship ventures—Sanadige Restaurants and Goldfinch Hotels—have continued to uphold their reputation for excellence, delighting guests with unparalleled hospitality and culinary experiences. From introducing new menu innovations at Sanadige to elevating our service standards across Goldfinch Hotels, we have strived to exceed expectations and create memorable moments for our patrons. The Indian hospitality industry, marked by record-breaking occupancy rates and average daily rates (ADR), signalling strong recovery and growth. Domestic travel, corporate events, and India’s global presence through events like the G20 and the Cricket World Cup played pivotal roles in this resurgence. We at MRG Group have seen a huge growth in our HOSPITALITY as well as REAL ESTATE business. At MRG Group, we witnessed this positive momentum first-hand. The launch of our new property in Navi Mumbai is a testament to our commitment to expanding in high-potential markets. This year has reinforced the industry’s adaptability and the increasing demand for experiential travel. Looking ahead, we are optimistic about the continued growth of leisure, MICE, and corporate travel, while remaining mindful of challenges like rising operational costs. MRG Group remains dedicated to delivering excellence in hospitality and creating memorable experiences for our guests.” This renewed momentum has not only driven business growth but has also reaffirmed the timeless value of genuine hospitality. Looking ahead, we are filled with optimism for 2025. The new year promises to be a transformative one for MRG Group as we actively explore new avenues for expansion. With plans for strategic acquisitions and partnerships with international brands, we aim to …

As 2024 draws to a close, we at MRG Group reflect on what has been an extraordinary year of growth, innovation, and success. This year, our flagship ventures—Sanadige Restaurants and Goldfinch Hotels—have continued to uphold their reputation for excellence, delighting guests with unparalleled hospitality and culinary experiences. From introducing new menu innovations at Sanadige to elevating our service standards across Goldfinch Hotels, we have strived to exceed expectations and create memorable moments for our patrons. The Indian hospitality industry, marked by record-breaking occupancy rates and average daily rates (ADR), signalling strong recovery and growth. Domestic travel, corporate events, and India’s global presence through events like the G20 and the Cricket World Cup played pivotal roles in this resurgence. We at MRG Group have seen a huge growth in our HOSPITALITY as well as REAL ESTATE business. At MRG Group, we witnessed this positive momentum first-hand. The launch of our new property in Navi Mumbai is a testament to our commitment to expanding in high-potential markets. This year has reinforced the industry’s adaptability and the increasing demand for experiential travel. Looking ahead, we are optimistic about the continued growth of leisure, MICE, and corporate travel, while remaining mindful of challenges like rising operational costs. MRG Group remains dedicated to delivering excellence in hospitality and creating memorable experiences for our guests.” This renewed momentum has not only driven business growth but has also reaffirmed the timeless value of genuine hospitality. Looking ahead, we are filled with optimism for 2025. The new year promises to be a transformative one for MRG Group as we actively explore new avenues for expansion. With plans for strategic acquisitions and partnerships with international brands, we aim to …

Hilton has expanded its footprint in the country by launching DoubleTree by Hilton in Goa – Panaji. A unit of Goldfinch Hotels and managed by Hilton, the hotel reiterates Hilton’s aim to double its presence in the country over the next few years. Navjit Ahluwalia, Senior Vice President and Country Head, Hilton India, said, “This property has a number of standout amenities that could offer all our guests unmatched experiences. We are committed to India for the long-term and will continue to make significant investments to expand our presence and further enrich our operational and management capabilities.” Prakash Shetty, Chairman, MRG Group, says, “This resort is testimony to my vision to bring world-class hospitality to Goa by partnering with Hilton. We have augmented a number of products and services across the property to deliver bespoke guest experiences to cater to the needs of global citizens. This resort will also be the first in Goa to offer Mangalorean cuisine at its specialty restaurant Feliz.” With 160 guestrooms including nine suites, equipped with signature DoubleTree by Hilton amenities, the resort features environmentally friendly smart lighting. DoubleTree by Hilton Goa – Panaji offers indoor and outdoor venues for conferences and events – a grand ballroom, two boardrooms and sunset lawns along with state-of-the-art audio-visual technology.