PEOPLE BUY INTO THE LEADER BEFORE THEY BUY INTO THE VISION
- JOHN C. MAXWELL
Dear Shareholders,
We all feel very proud that in a short span of time, our company, "The Byke
Hospitality Limited" has created a place for itself in the Hospitality sector and has
established its brand "The Byke". It has been a wonderful journey since 1990
when the company had ventured into the Hospitality business. It is only because of
constant efforts and hard work of our Team. We keep looking for ways through which we can
further improve our services to our esteemed guests and attain maximum customer
satisfaction. Our company's governance framework enjoins the highest standards of ethical
and responsible conduct of business to create value for all stakeholders.
An expanding base of tourists and travellers are the lifeblood of growth in Indian
Hospitality Industry. However due to the pandemic since last 2 years the industry has been
plagued with intermittent lockdowns. Tourism is one economic sector in India that has the
potential to grow at a high rate and to ensure consequential development of infrastructure
at quaint underserved destinations. All the unforeseen challenges notwithstanding, our
conviction on the Indian growth story remains unfazed. While India's growth has been
impacted by the situation worldwide, there are several factors within India that have
magnified the effects.
The particularly devastating effects of the second wave on the Indian economy cannot be
overstated.
We feel that given India's resilience it will only be a matter of time before the
economy rebounds – the growth story must continue & we appreciate the steps which
government have taken to expedite return to normalcy through recent legislative reforms.
The constant efforts of local authorities and ease in lockdown norms have enabled a swift
recovery in some destinations where we operate. We are pleased to inform you that our
hotels & resorts continue to gain recognition amongst travellers even in these tough
times.
The success of a company depends upon its ability to meet expectations apropos of the
quality of services, amenities and facilities, brand recognition, location of properties.
However, we endeavour to not just meet customer expectations but to exceed them and for us
to achieve this in an environment as constrained as the past 2 years we faced some
daunting yet exciting challenges which as we navigated have given us a lot more insight
into not only guest expectations but also into our abilities to fulfil them. We remain
confident that these learnings will provide an invaluable impetus for us to achieve the
mission we have set out to achieve.
It has been a wonderful journey so far barring the obstacles that we faced previous
year, many milestones have been achieved and we are looking forward for successful launch
of various hotels across India and continue to grow sustainably. I am confident that the
young and dynamic team of The
Byke will continue to deliver its promises and exceed customer expectations. We will
continue our practice of value addition for all our stakeholders over the long run with
your continuous support and faith in us.
In conclusion, I would like to thank the extraordinary people who make the mission of
The Byke their own. I also take this opportunity to extend my gratitude to all our fellow
stake holders for their unstinted support as the 2nd lockdown was tough for us but we have
overcome it with unyielding courage and true grit. I particularly appreciate all levels of
the management team, board and employees for their commitment to our company's growth and
success. I also acknowledge the suppliers, customers and bankers for their stellar
contribution to our company.
Once again, I thank you for resting your trust on me and providing me the opportunity
to lead our company in this very dynamic industry and through these tough times.
Sd/-
Anil Patodia
Chairman & Managing Director
DIN: 00073993