Today, the travel and hospitality industry is undergoing a transition phase and the major brands related to this sector are not only restricted to hotels and resorts, but also serve for a series of other service domains too. When it’s all about a conglomerate of hotels, resorts, fine dine restaurants, educational institutions and infrastructure companies, the name that comes first is, MRG Group. Founded in 1993, MRG Group started its journey with its first venture – Banjara-The Restaurant, which was a single standalone restaurant. Since then they never looked back, and now they have grown into a famous brand of travel and hospitality industry with a conglomerate of 6 hotels under the brand Goldfinch and 4 standalone restaurants. They also have successfully tied up with international chains such as Marriott International & Hilton Worldwide for their upcoming projects in Bangalore and Goa respectively.
The various hospitality brands under MRG Group have become synonymous with great hospitality and good food that satiates the connoisseur’s palate. Each of the brands has carved out a niche for itself in today’s market. Goldfinch has become the face of MRG Group and today, it is recognized as one of the finest boutique and business hotel chains in India, with its elegant, contemporary and unique style of hotels which stand out for their understated luxury and customer centric service.
A Creative and Intuitive Leader
Mr. K. Prakash Shetty, Founder and Chairman of MRG Group, is perfectly synonymous to the proverb “Nothing Worth Having Comes Easy.” Mr. Shetty is one of the stalwarts in this illustrious list of hard working, dexterous and dauntless entrepreneurs, who has always had a vision of accomplishing something substantial and significant in life, this is what led him to move to Bangalore soon after his graduation in 1983. The initial days were demanding as well as difficult for him, but ten years of sheer determination, hard work, commitment and self-belief led him to become one of the most popular restaurateurs by the year 1993. Today he has achieved all he wanted, but it was neither fast nor easy, it was the ultimate result of years and years of hard work and absolute determination. Now Mr. Shetty has diversified his empire into various other industry portfolios such as Real Estate, Coffee Plantation, and Educational institutions apart from spearheading the expansion of his hospitality segment into various parts of India. His growth as a formidable businessman was underlined when he moved with purpose and conviction into the realty sector and diversified his businesses into infrastructure with the launch of Trishul Buildtech & Infrastructure Pvt Ltd and Asha City Builders and Developers.
Punctuality, Performance and Progress – the three P’s, which perfectly defines Mr. K. Prakash Shetty as an entrepreneur.
An Industrialist by Mind, and Philanthropist by Heart
Being a philanthropist and an avid contributor to various causes, initiatives and activities, Mr. Shetty firmly believes, that every successful entrepreneur has a duty to pay back to the Society what he receives so generously from the Society. A major part of his earnings is donated towards the support of charitable trusts, free education to the underprivileged, marriages, support to the widows and the specially abled children, temples, blind school, and orphanages, for admissions of the large number of poor students in various colleges and institutions.
Outshining Others with a Unique Plethora of Services
“Goldfinch,” the brand image of MRG Group, is redefining the existing concepts of hospitality. Understanding the needs and the wants of today’s traveler in this fast paced world and positioning the Goldfinch Service Design in Rooms with delectable Food & Beverage, is the brand’s core strength. They make guests discover personalized attention and welcoming amenities with a group of well trained, friendly and professional staff. Exacting standards and a commitment to excellence, is what Goldfinch is all about.
MRG Group’s Mantra of Success
“The key reason of our success is, we are stepping ahead with the modern era’s requirements, whilst keeping our roots strong. From the beginning till date, we have not forgotten our mantra of ‘Atithi Devo Bhava.’ It is the mantra which is embedded in every employee who joins the MRG Group. From food to hospitality, we ensure that our guests feel the warmth and authenticity with a subtle and suitable touch of modernization and sophistication.”– asserts Mr. Shetty.
Transforming Challenges into Opportunities
MRG Group is quite positive about the future outlook of the travel industry, as India is a large market for tourism and the sector is observing a steady growth in the demand of y-o-y basis. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Considering these factors, under MRG Group’s umbrella, Goldfinch Mangalore and Goldfinch Delhi-NCR have the perfect potential to attract and entertain cultural tourism.
Moving towards a Bright Future
Mr. Shetty believes, India is expected to move up in the business travel market globally by 2030, as business travel spending in the country is expected to increase. International hotel chains will likely increase their expansion and investment plans in India, and are expected to expand in India, as India’s rising middle class and increasing disposable incomes have continued to support the growth of domestic and outbound tourism.
MRG Group with the current portfolio of six Goldfinch hotels spread across Bengaluru, Mangaluru, Delhi and Mumbai plans to extend its footprint in the hospitality sector with plans to open Goldfinch properties in Chikmagalur, Madikeri, and Puducherry in the next three years. Considering the immediate plans of expansion, MRG Group is looking at the openings of its Courtyard by Mariott in Bengaluru and Doubletree by Hilton in Goa within the current financial year.
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