Nakul Anand concluded his distinguished 45-year career with ITC
By Vishnu Rageev RJan 04, 2024
PUNEET CHHATWAL, MANAGING director and CEO of Indian Hotels Company Limited, the owner of Taj Hotels, has been appointed as the new chairman of the Federation of Associations in Indian Tourism & Hospitality. He succeeds ITC executive director Nakul Anand, who retired this week, FAITH said in a statement.
Several national tourism and hotel associations, including the National Associations of Tour Operators, travel agents, hotels, transport operators, conventions & exhibition operators, and restaurants and tourism attractions, are members of FAITH.
"With the backing of all members, my commitment is to develop this into a focused policy advocacy organization addressing issues in the tourism and hospitality industry, continuing the legacy established by Anand," said Chhatwal.
Meanwhile, Anand also stepped down from the executive committee of the Hotel Association of India. Chhatwal, re-elected as HAI president in 2022, will continue his role in the organization.
A 45-year-long career with ITC
Mr. Nakul Anand
Aged 58, Anand concluded his 45-year-long career with ITC as a director on its board since January 3, 2011. His role extended beyond overseeing hospitality, travel and tourism, also including responsibility for the lifestyle retailing business from December 2014.
An economics honors graduate from Delhi University with an AMP degree from Bond University, Australia, Anand began his career with ITC Hotels’ Management Training Programme in 1978. He additionally held the position of managing director at the former ITC Hotels Limited from 2003 to 2005.
With a career spanning three decades, Anand played a role in introducing the concept of “responsible luxury” to the hospitality sector. Under his guidance, ITC Hotels attained LEED Platinum certifications for all its super-premium luxury hotels, establishing itself as a “Green Luxury Hotel Chain.”
Anand's contributions surpassed his professional roles, highlighted by his chairmanship of the CII National Tourism Committee and the Federation of Associations in Indian Tourism & Hospitality. Moreover, he previously served as the President of the Hotel Association of India.
Meanwhile, Rama family's Gujarat JHM Hotels, with U.S.-based Auro Hotels, recently signed an MOU with the Gujarat government to develop JW Marriott Surat Resort & Spa. The $120 million investment aims to create 800 jobs, improve city infrastructure, and position Surat as Gujarat's commercial capital.
Peachtree recognized by Inc. and the Atlanta Business Chronicle.
Named to the 2025 Inc. 5000 list for the third year.
Chronicle’s Pacesetter Awards recognize metro Atlanta’s fastest-growing companies.
PEACHTREE GROUP ENTERED the 2025 Inc. 5000 list for the third consecutive year. The company also won the Atlanta Business Chronicle Pacesetter Awards as one of the city’s fastest-growing private companies.
The Inc. 5000 list provides a data-driven look at independent businesses with sustained success nationwide, while the Business Chronicle’s Pacesetter Awards recognize metro Atlanta’s fastest-growing privately held companies, Peachtree said in a statement.
“We are in the business of identifying and capitalizing on mispriced risk, and in today’s environment of disruption and dislocation, that has created strong tailwinds for our growth,” said Greg Friedman, managing principal and CEO. “These recognitions validate our ability to execute in complex markets, and we see significant opportunity ahead as we continue to scale our platform.”
The Atlanta-based investment firm, led by Friedman; Jatin Desai, managing principal and CFO and Mitul Patel, principal, oversees a diversified portfolio of more than $8 billion.
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