Tuesday, October 28, 2008

Club Mahindra at its best: from 50 to 70 consumer cases in 10 months

Recently (Dated 30th Sep 08) Mahindra Holidays has again filed its DRHP (Draft Red Herring Prospectus) with the SEBI. Earlier (Dated 14th Dec 2007) also it filed DRHP with the SEBI which it withdrawn because of unfavorable market conditions.

Comparing both these prospectus .. , the number of Consumer Cases against the company has increase from 50 to 70 in these 10 months.



2007


2008





5 comments:

  1. I haven't had time to check new DRHP-what about other comparisons- the no. of rooms they have added, increase in member base etc?

    ReplyDelete
  2. New members(79699 - 63,375)= 16,324

    New Rooms =

    Kumbalgarh - 46
    Thekaddy - 32
    Naukutchiataal - 31
    -----
    109

    Yercaud - 40 (shared with Zest)

    Does not looks sufficient enough to me.

    ReplyDelete
  3. Hi Bhupesh,

    I am thinking of buying a timeshare membership from Club Mahindra. You seem to have done good analysis of it. Can you suggest me if its worth it (pros & cons)?? I am planning to buy White Studio (around Rs 2.6 lacs MRP).

    Thx,
    Kaushal.
    Mumbai.

    ReplyDelete
  4. Hi Bhupesh,

    I am thinking of buying a timeshare membership from Club Mahindra. You seem to have done good analysis of it. Can you suggest me if its worth it (pros & cons)?? I am planning to buy White Studio (around Rs 2.6 lacs MRP).

    Thx,
    Kaushal.
    Mumbai.

    ReplyDelete
  5. Hi Kaushal,

    Please see this new post

    http://what-goes-in-my-mind.blogspot.com/2008/12/before-considering-club-mahindra.html

    Some more pints:

    You are buying White membership so you will not be able to book holiday in higher season (Red and Purple season). You will be able to book only in ~30 weeks of a year.

    Technically you can book in Red season but practically it is impossible to book in higher season.

    Even if you have decided to buy it buy it in second sales.

    ReplyDelete