India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, today conducted its 54^th Annual General Meeting at the Group’s flagship hotel property, The Ashok, New Delhi. The meeting was chaired by Shri Piyush Tiwari, Chairman & Managing Director & Director (Commercial & Marketing) of India Tourism Development Corporation.

The Board of Directors present at the meeting were Sh. Piyush Tiwari, Chairman & Managing Director & Director (Commercial & Marketing) ITDC; Shri Pradip Kumar Das, Director (Finance) & CFO, ITDC; RK Chaturvedi, IAS, F&A and Govt Nominee Director; Meenakshi Mehta, DDG, Ministry of Tourism; Paragbhai M. Sheth, Independent Director, K Padmakumar, Independent Director and P.C Agiwal, Statutory Auditor.  

Following are the highlights from 54^th AGM Address of C&MD to the shareholders on company’s performance during 2018-19:-

• The Corporation closed the year once again with the remarkable performance. The turnover of the corporation during the Financial Year 2018-19 stood at Rs. 371.72 crore as against Rs. 366.42 crore in the Previous Year 2017-18 (As per Ind AS). 

• The Total Comprehensive Income (TCI) has been recorded to Rs. 43.93 crore as against TCI of Rs. 13.22 crore in the previous year 2017-18, a jump of 232.29%

The board has recommended a dividend of 21% amounting to Rs. 18.01 crore approximately as compared to 18.5% amounting to Rs. 15.87 crore in the previous year.