*(Formerly LGT Business Connextions Limited)* LGT Global Hospitality Limited (operating under the trade name **LGT Holidays**) is a premier integrated travel and tourism solutions provider in India. Listed on the **BSE SME platform** since **August 26, 2025**, the company operates an **asset-light aggregator model**, leveraging a vast network of third-party vendors to deliver end-to-end travel, event, and accommodation solutions. With over **9 years** of operational history and **IATA** accreditation, the company has transitioned from a private entity to a high-growth public corporation. --- ### **Core Business Verticals & Specialized Service Portfolio** The company has structured its operations into four specialized pillars to capture diverse segments of the hospitality and travel market: * **LGT Holidays:** The flagship vertical focusing on **MICE** (Meetings, Incentives, Conferences, and Exhibitions), domestic and international holiday packages, air ticketing, and visa processing. * **LGT India Journez:** A dedicated inbound tourism arm specializing in heritage tours and inbound MICE. It holds official recognition from the **Ministry of Tourism** as an **Inbound Tour Operator** (valid until **October 2027**). * **LGT Hotelstays:** A corporate-centric vertical providing accommodation solutions through a curated network of hotels, "Apart Hotels," and service apartments. * **Luxe Living:** A premium serviced apartment brand catering specifically to long-stay corporate executives and expatriates, with a strategic presence in **Chennai, Trivandrum, and Cochin**. --- ### **Financial Performance & Capital Efficiency** The company has demonstrated a robust upward trajectory, surpassing the **₹100 crore** revenue milestone in **FY25** while maintaining high profitability margins and capital efficiency. | Key Financial Metric | FY23 | FY24 | FY25 | | :--- | :--- | :--- | :--- | | **Total Income** | **₹61.18 Cr** | **₹89.53 Cr** | **₹100.81 Cr** | | **Net Profit (PAT)** | **₹2.97 Cr** | **₹3.63 Cr** | **₹5.22 Cr** | | **PAT Margin (%)** | **4.86%** | **4.06%** | **5.17%** | | **Return on Equity (ROE)** | — | — | **41.89%** | | **Return on Capital Employed (ROCE)** | — | — | **45.19%** | **Capital Structure Highlights:** * **Public Listing:** The **August 2025 IPO** issued **26,25,600** equity shares at **₹107** per share (including a **₹97 premium**). This included a **Fresh Issue** of 23,62,800 shares and an **Offer for Sale (OFS)** of 2,62,800 shares. * **Share Capital:** Following a **Bonus Issue** (capitalization of **₹7 Crore** reserves), the **Paid-up Share Capital** stood at **₹9.37 Crore**. The **Authorized Share Capital** is **₹15.00 Crore**. * **Solvency:** Maintains a conservative **Debt-to-Equity Ratio of 0.77**. Liquidity is supported by a **₹10 Crore Cash Credit facility** from the Bank of India. --- ### **Operational Scale & Infrastructure** LGT operates a nationwide network designed to support large-scale corporate mandates and retail expansion. * **Revenue Mix (FY25):** **78%** derived from MICE & Corporate Events; **22%** from Corporate Hotel Bookings & Ancillary Services. * **Execution Capability:** Successfully managed **354 MICE events** and facilitated **50,165 hotel bookings** across **21 Indian States** and **28 Countries** in FY 2024-25. * **Physical Footprint:** Operates **11 offices** across India, including a flagship **4,175 sq. ft. Customer Service Centre** in **Chennai** opened in early 2026. * **Marquee Engagements:** Appointed as the **Official Travel Partner** and Professional Conference Organizer (PCO) for **India Energy Week (IEW) 2025 (Goa)** and **2026**. --- ### **Strategic Transformation & Growth Roadmap** The company is currently executing a pivot from a general business services provider to a specialized global hospitality entity. **1. Rebranding and Identity:** In **April 2026**, shareholders approved the name change to **LGT Global Hospitality Limited** to better reflect the company’s international ambitions and core focus. **2. Inorganic Growth & Diversification:** LGT is aggressively pursuing majority stakes in niche players to broaden its service spectrum: * **Trade Fairs:** Acquisition of a **51% stake** in a niche Trade Fair company. * **Luxury Travel:** Acquisition of a **51% stake** in a Luxury FIT company, integrated under the **LGT Holiday Lounge** brand. * **Pharma Sector:** Formation of a subsidiary dedicated to **Continuing Medical Education (CME)** and lodging for pharmaceutical majors. * **Recent M&A:** Approved acquisitions of majority holdings in **Holiday One Private Limited** and **Travflix Tours Private Limited** (Nov 2025). **3. Geographic Expansion:** * **Tier-2 Penetration:** New branches launched in **Coimbatore** (Post-Diwali 2025) with planned entries into **Trichy and Madurai**. * **International MICE:** Actively expanding inbound and outbound international corporate accounts (e.g., **TVS Eurogrip**). --- ### **Governance & Risk Management** The company is led by Managing Director **Wilfred Selvaraj** and has recently strengthened its board with industry veterans to drive B2B and international growth. * **Board Additions:** **Mr. Dhawal Padmakar Bhute** (25+ years MICE experience) and **Mr. Chintan Virendra Chheda** joined as Non-Executive Directors. **Mrs. Namrata Kalanouria** was appointed as Independent Director (2026–2031). * **Related Party Synergy:** A strategic arrangement with **FSH Business Ventures Private Limited** facilitates reciprocal tour and event handling. Shareholders approved transactions up to **₹15 Crores** for FY 2025-26, with a planned **20% annual increase** thereafter. * **Risk Mitigation:** * **Client Concentration:** Successfully reduced Top 5 client revenue dependency from **64% to 37%**. * **Legal Standing:** **No pending proceedings** under the **Insolvency and Bankruptcy Code (IBC) 2016**. * **Operational Model:** The **asset-light model** mitigates heavy capital risks, though the business remains **working capital-intensive** and dependent on discretionary corporate spending. ### **Market Outlook** Management is positioning the company to capitalize on the Indian MICE and hospitality sector, which is projected to grow at a **15-20% CAGR** in the medium term. By combining organic branch expansion with strategic acquisitions, LGT aims to solidify its status as a dominant player in the organized travel services market.