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ITDC achieves record financial results in fiscal year 2023-24

India

India Tourism Development Corporation announces its best-ever financial results, marking significant growth and robust performance.

India Tourism Development Corporation (ITDC), a Public sector under the Ministry of Tourism, announced its exceptional financial performance for the fiscal year 2023-24, marking a significant milestone in its rich legacy and journey.

ITDC has soared to new heights, achieving its highest-ever turnover and profit figures. The corporation recorded a remarkable total turnover of Rs. 527 crores, reflecting an impressive 16% increase compared to the previous fiscal year. Additionally, the Profit Before Tax (PBT) 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 & 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 committed to 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 travelers and business professionals alike.

Co-Founder & Chief Editor - TravelDailyNews Media Network | + Articles

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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