Sterling Holiday Resorts Limited

Sterling Holidays
Company type	Public
Traded as	BSE: 523363
Industry	Leisure Hospitality, Vacation Ownership, Timeshare, MICE, Corporate Travel and Adventure Holidays
Founded	1986
Founder	R.Subramanian
Headquarters	Chennai, Tamil Nadu, India
Key people	Vikram Lalvani (Managing Director and CEO) starting April 2022
Products	Leisure Travel, Timeshare, Vacation Ownership, MICE, Corporate Travel, Adventure Holidays
Parent	Sterling Holiday Resorts Limited
Subsidiaries	Nature Trails Resorts Private Limited
Website	www.sterlingholidays.com

Sterling Holiday Resorts Limited (known as Sterling), was incorporated in the year 1986 and is a leading hospitality company. Since 2014, Sterling Holiday Resorts Limited has been an integral part of Fairfax Financial Holdings Ltd. and is a 100% independently managed subsidiary of Thomas Cook India Limited (TCIL). .

Thomas Cook India Limited (TCIL) is traded on stock exchange as NSE: THOMASCOOK; BSE: 500413.

Sterling owns and manages 61 resorts, hotels and retreats across 54 destinations and is one of the fastest growing hospitality brands in the country, catering to leisure stays, bleisure (or workcations), Meetings and Conferences (MICE), Destination Weddings, Reunions, Picnics and Group travel.

Sterling Holiday Resorts Limited, signed an agreement in October 2015 to acquire Nature Trails Resorts Private Limited – an adventure holiday company that operates resorts at 4 destinations in Maharashtra and is looking at expanding to more destinations.

More than 85% of the Sterling resorts are rated above 4.5 on 5 on TripAdvisor with 12 resorts having a perfect 5 on 5 score. The resorts have won several accolades and have been recognized and awarded on several forums. Sterling is accredited by AIRDA (All India Resorts Development Association).

History

Sterling was established in 1986 in Chennai, India, and opened its first resort, Lake View Kodaikanal (the resort has been later renamed as Sterling Kodai - Lake) in 1988. Sterling expanded to 9 resorts by the year 1995. In 2010, the company changed its brand name from Sterling Resorts to Sterling Holidays. The company currently operates 61 resorts in 54 scenic destinations across the country (as of July 2025) and counting.

Resorts

The resorts in the Sterling destination network are spread across India. Sterling has been delivering great holiday experiences for nearly four decades now. Their resort destination network has something to suit every holiday appetite, from majestic hillsides to beachside nirvana to jungle retreats to riverside resorts to spiritual sojourns and heritage locations.

Notable Resorts^[1]

Notable Resorts [5] [edit]

1. Sterling Lake Palace - Alleppy

2. Sterling House Boat - Alleppy

3. Sterling Borderland Amritsar

4. Sterling Anaikatti

5. Sterling Athirappilly

6. Sterling Banashree Badami

7. Sterling City Centre Bokaro

8. Sterling Shivalik Chail

9. Sterling Brookstone Coorg

10. Sterling Corbett

11. Sterling Darjeeling

12. Sterling GK Exotica Dehradun

13. Sterling Marbella Dehradun

14. Sterling Gangtok – Orange Village

15. Sterling Gir

16. Sterling Goa Varca

17. Sterling Guruvayur

18. Sterling Mantra Haridwar

19. Sterling Rudraksh Jaisalmer

20. Sterling Park Kalimpong

21. Sterling Kanha

22. Sterling Karwar

23. Sterling Kodai – Lake

24. Sterling Kodai – Valley

25. Sterling Kufri

26. Sterling Vanvasa Lansdowne Forest Division

27. Sterling Stolen Heaven Lonavala

28. Sterling V Grand Madurai

29. Sterling Manali

30. Sterling Mount Abu

31. Sterling Munnar

32. Sterling Mussoorie

33. Sterling Nainital

34. Sterling Ooty – Elk Hill

35. Sterling Ooty – Fern Hill

36. Sterling Palavelli Godavari

37. Sterling Panchgani

38. Sterling Padam Pench

39. Sterling Orient Woods Pench

40. Sterling Puri

41. Sterling Pushkar

42. Sterling Bagh Ranthambore

43. Sterling Palm Bliss Rishikesh

44. Sterling Kastoori Rudraprayag

45. Sterling Rewild Sariska

46. Sterling Legacy Shimla

47. De Laila HouseBoats Srinagar

48. Sterling Thekkady

49. Sterling Tipeshwar

50. Sterling Arunai Anantha Tiruvannamalai

51. Sterling Aravalli Udaipur

52. Sterling Balicha Udaipur

53. Sterling Jaisinghgarh Udaipur

54. Sterling Lontano Waterfront Wayanad

55. Sterling Vythiri Wayanad

56. Sterling Wayanad

57. Sterling Yelagiri

58. Sterling Yercaud

59. Nature Trails Sajan

60. Nature Trails Durshet

61. Nature Trails Kundalika

Timeline^[2]

• 1986 – The company was incorporated as a Private Limited Company on 22 May and converted into a Public Limited Company on 11 Dec 1989. • 1988 – Sterling Holidays inaugurated its resort in Kodaikanal on 15 April 1988. • 2015 – Sterling Holiday Resorts Limited became a 100% independently managed subsidiary of Thomas Cook India Limited (TCIL). • 2015 – On 26 October, Sterling Holidays Forays into Adventure Tourism, Acquires Nature Trails – an adventure holiday company. • 2024 – Launched its 50th resort – Sterling Marbella Dehradun.

About investors

In 2009, Bay Capital (formerly Indus Hospitality Fund) invested in Sterling Holiday Resorts, acquiring an 18.80% stake. Again in 2009, India Discovery Fund acquired a 7% stake in the company. Bay Capital and others (including India Discovery Fund, Damani group and Jhunjhunwala group) held a total stake of 47.42% in Sterling Holiday Resorts through its funds. In July 2011, the company announced an Extraordinary General Meeting on 13 August 2011 to seek shareholder approval to raise Rs. 121.5 crore capital through the issuance of equity shares & warrants on a preferential basis to a consortium of investors led by Rakesh Jhunjhunwala and Radhakrishna Damani. On 7 February 2014, Thomas Cook India Ltd. (TCIL) & Sterling Holiday Resorts Limited announced a merger between the companies.