TravelBiz Monitor


Friday, 05 April, 2019, 18 : 30 PM [IST]
Shri Mahalaxmi Vacations acquires
TBM Staff | Mumbai

Mumbai-based Shri Mahalaxmi Vacations has acquired a stake in online travel aggregator Moreover, the company’s flagship brand (launched in 2006) has recorded a turnover of over INR 800 crore in the last financial year. “We have invested in, 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 The company has more than 35,000 franchised outlets across India, and operates offices in Dubai and the Philippines.