Vijay Kedia tells Anand Mahindra to fix Mahindra Holidays overseas drag and unlock India tourism value

Kedia says the real India value is hidden

Investor Vijay Kedia urged Anand Mahindra to carry out a strategic rethink at Mahindra Holidays & Resorts India, arguing the company’s India domestic tourism opportunity is being undervalued. Despite strong demand for experiential family travel and healthy occupancy with Club Mahindra’s brand strength, losses from its overseas Holiday Club business are, in his view, dragging overall valuation. Kedia suggested options like ring-fencing, restructuring, demerging or cutting exposure to the European subsidiary so India operations can be assessed independently.