JUNGLE CAMPS INDIA LIMITED

Operates wildlife jungle camps and resorts in central India's tiger reserves — specifically Kanha, Pench, Tadoba, Rukhad and Bandhavgarh — and has won a 10-year license from the Uttarakhand Tourism Development Board to run a Tourist Rest House at Devprayag, with an annual license fee of Rs 28.22 lakh (plus 3% annual escalation, extendable by up to 5 more years in one-year chunks). It runs its own properties and operates others under hotel management agreements, most recently a 5-year deal to manage Palash Kothi, a 20-room property on 25 acres located 3.5 km from the Tala Gate of Bandhavgarh Tiger Reserve, rebranded 'Palash Kothi by Jungle Camps India'. It is building out capacity with a 105-room hotel in Mathura (project cost Rs 49 crore) and a planned 60-room heritage hotel at Sheopur Fort near Kuno National Park (Rs 36.97 crore), funded in part by Rs 2,942.21 lakhs raised in its December 2024 IPO of which Rs 1,357 lakhs remained unutilised as of May 2026. Subsidiaries on a consolidated basis include Divine Enterprises, Versa Industries, Madhuvan Hospitality and Jungle Camps India Kolar. Employee costs were 25% of revenue and other operating expenses 48.7% in FY26, typical of a labour-and-service hospitality model.