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A brief overview about Sudhir Moravekar's Panoramic Groups Hotels by Rachel Mathews
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A brief overview about Sudhir Moravekar's Panoramic Groups Hotels |
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Business
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We all know that Rome was not built in a day. The reason I’m mentioning this is because no great feat can be achieved in a day. It takes years of hard work and persistence from one to achieve such feat. Same is the case with Mr. Sudhir Moravekar, the chairman of Panoramic group who is the story behind phenomenal rise of Panoramic group of hotels across the globe. Two decades ago, even he was not sure about his future as he was a person who was struggling to meet his ends. He worked on a daily wager basis which was not sufficient for his family and he had done all kinds of odd jobs just to feed his family. It’s never known as how educated he is or which college he attended coz back then no one cared about him. Now the head of multi-millionaire group, everyone is trying to get some information about him. Though he is media shy, he did divulge some personal details about him few years back. Since it is already mentioned by many and is available over the net easily, I will not be mentioning about it. Instead I would put some light in to his hospitality business. His rise was not sudden but was step by step. He started with the hospitality business, coz he believed it is only business he was good at. Initially the hotels were raised and an investment scheme was initiated wherein he raised substantial amount from people on the condition that the investors can utilize the hotel rooms for accommodations without any cost. This idea clicked and rest as we all know is history. Panoramic group of companies include Panoramic Universal Limited (PUL), Pancard clubs limited (PCL) and Panoramic Holidays Limited (PHL). Panoramic Universal Limited manages the hospitality and Information Technology business. Currently the group owns more than 20 hotels and resorts under its brand. They are acquiring more and more hotels and are branding their hotels/resorts under the brand of United-21. They also have a brand “Spices & Sauces” for their restaurant and “Waves” for their lounge bar. They have their hotels and resorts in major tourist places like Goa, Alleppey, Kodaikanal, Ooty, Kaziranga, Mysore, Shirdi, Pench and Kanha. Apart from business in India, they do have substantial business in United States of America with around five hotels and one each in Thailand and New Zealand. Such is the growth of Panoramic group that slowly and steadily they are becoming a brand with many hotels and resorts under their name. Sudhir Moravekar would have never thought initially that he would grow to such an extent that his business will start flourish even in other countries. Upon inquiring he credits this success to his principles which he follows right from birth. The three principles are Honesty, Hard Work and Intelligence. I’m compelled to say that his three principles worked wonders for him. It is not yet over, it is learned that Sudhir Moravekar is still in acquisition spree. PUL would be the company to look after in the coming decade as it is bound to soar as travel and tourism is booming since this millennium.
Related Articles -
Sudhir Moravekar, Panoramic Universal Limited, Panoramic Holidays Limited,
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