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Friday, 05 April, 2019, 18 : 30 PM [IST]
Shri Mahalaxmi Vacations acquires Multilink.com
Aims for INR 10,000 crore turnover by April 2020
Mumbai-based Shri Mahalaxmi Vacations has acquired a stake in online travel aggregator Multilink.com. Moreover, the company's flagship brand Arzoo.com (launched in 2006) has recorded a turnover of over INR 800 crore in the last financial year. "We have invested in Multilink.com, which started in 2009 by Nikhil and Chirag Shah. In the current year, my aim is to reach a combined turnover of INR 10,000 crore by April 2, 2020 for all the three brands," said Parag Thakkar, Director, Shri Mahalaxmi Vacations.
The recent acquisitions by Shri Mahalaxmi Vacations have been JustClickKaro and Arzoo.com. The company has more than 35,000 franchised outlets across India, and operates offices in Dubai and the Philippines.
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