ITDC Achieves Record-Breaking Financial Performance in FY 2023-24: Surpasses Rs. 100 Cr Profit Before Tax

The India Tourism Development Corporation (ITDC), a public sector entity under the Ministry of Tourism,  Government of India has marked a significant milestone in its illustrious journey with its unprecedented financial performance for the fiscal year 2023-24, .

ITDC has reached remarkable heights, achieving its highest-ever turnover and profit figures. The corporation has recorded a total turnover of Rs. 527 crores, reflecting an impressive 16% increase compared to the previous fiscal year. Additionally, the Profit Before Tax (PBT) has surged to Rs. 110 crores, marking a 34% rise over the preceding period, with a Profit After Tax (PAT) of Rs. 72 crores.

Mr M.R. Synrem, IAS, Managing Director of ITDC, expressed his pride and satisfaction, stating, “The fiscal year 2023-24 has been a testament to ITDC’s resilience and commitment to excellence. Our record-breaking financial performance underscores our dedication to delivering unparalleled value to our customers and other stakeholders.”

Across all major business verticals, ITDC has witnessed robust growth, demonstrating its unwavering dedication to providing world-class hospitality and tourism experiences. This success is a testament to ITDC’s customer-centric approach and unwavering focus on quality and innovation.

ITDC remains steadfast in its mission of providing unparalleled customer experience, driven by a relentless pursuit of excellence and innovation. By consistently delivering superior quality, service, and amenities, ITDC has solidified its position as the preferred choice among travellers and business professionals.

Established in 1966 with a mandate to develop and expand tourism infrastructure in the country, ITDC has been moving forward with consistent efforts on development, growth, and world-class services and amenities for its guests. Apart from operating hotels, ITDC has diversified into non-hotel sectors like Ticketing, Tours and Travels, Event Management, Duty-Free Shopping, Publicity & Printing Consultancy, Engineering Consultancy, mounting Sound & Light Shows, Hospitality education, and skill development – all under one roof.

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