Apeejay Surrendra Park Hotels Limited announced the appointment of Mr. Manish Bhagat as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from September 21, 2026. The appointment was communicated to both BSE Limited and National Stock Exchange of India Limited through a regulatory filing.
Mr. Bhagat succeeds Mr. Atul Khosla, who has stepped down from the role to pursue a new professional opportunity. The company expressed gratitude to Mr. Khosla for his "valuable contribution, commitment and work ethics."
Mr. Bhagat brings over 20 years of significant experience in finance across diverse sectors including hospitality, retail, engineering, aviation and aerospace. Prior to joining ASPHL, he served as Vice President – Finance at SAMHI Hotels Limited. His previous leadership roles include positions at Devyani International Limited, AirWorks Engineering Pvt Ltd., and InterGlobe Aviation Limited (IndiGo).
His expertise spans financial planning and control, strategic financial management, treasury management, refinancing activities, cost optimization, audits, due diligence controls and digital finance transformation.
Mr. Vijay Dewan, Managing Director of Apeejay Surrendra Park Hotels Limited, commented on the appointment: "We are delighted to welcome Manish Bhagat to Apeejay Surrendra Park Hotels. His extensive experience across hospitality and diverse sectors will bring valuable perspective to our leadership team as we continue to scale our business and drive sustainable growth."
Mr. Bhagat stated: "I am delighted to join Apeejay Surrendra Park Hotels, a legendary Indian hospitality company with a distinctive legacy and a strong platform for the future. I look forward to working closely with the leadership team and contributing to the Company's next phase of growth, with a focus to further strengthen financial performance, driving operational efficiencies and creating sustainable long-term value for the business and its stakeholders."
The disclosure was signed by Shalini Keshan, Company Secretary and Compliance Officer (Membership No.: ACS-014897) on September 21, 2026 at 15:29:05 IST.
Company Background
Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading player in the hospitality sector operating since 1967. The company operates 42 hotels and a growing portfolio of owned, leased, and managed properties under five distinct brands: THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. The company also has a diverse portfolio in food and beverage (F&B) and entertainment, including restaurants, nightclubs, bars, and the retail brand 'Flurys' with various format outlets.