The Indian Hotels Company (IHCL) has announced that it will acquire a ~51% equity stake in Sparsh Infratech Private Limited for approximately ₹240 crores. Sparsh Infratech owns and operates the ‘Atmantan’ health and wellness resort in Mulshi, Maharashtra. The acquisition marks IHCL’s entry into the integrated wellness segment, subject to customary closing conditions and expected to finalize by December 31, 2025.
Strategic Wellness Investment
The Indian Hotels Company (IHCL) is set to expand its portfolio into the wellness sector with the acquisition of a majority stake in Sparsh Infratech Private Limited. The deal, approved by the Board of Directors, involves IHCL acquiring approximately 51% equity in the company.
Target Company Overview
Sparsh Infratech Private Limited owns and operates ‘Atmantan’, a health and wellness resort located in Mulshi, Maharashtra. This resort is a provider of luxury wellness experiences. For the financial year 2024-25, Atmantan reported a turnover of ₹76.7 crores, with an EBITDA of ₹37.2 crores and an EBIT of ₹29.4 crores.
Deal Terms and Rationale
IHCL’s investment in Sparsh Infratech is expected to be around ₹240 crores, with an enterprise value for Sparsh Infratech estimated at ₹415 crores. This transaction allows IHCL to enter the integrated Wellness Segment. The completion of the acquisition is targeted for December 31, 2025, or another mutually agreed date, subject to fulfillment of certain conditions.
Financial Snapshot of Sparsh Infratech
Key financial figures for Sparsh Infratech over the past three fiscal years:
Turnover (₹ Cr)
FY 2025 76.7
FY 2024 64.7
FY 2023 49.7
Sparsh Infratech, established in 2007, is focused on providing preventive healthcare, lifestyle management, hospitality, and therapeutic services through its wellness center.
Source: BSE
