About Us

Chariot World Tours Ltd (CWTL) is a closely held public limited company registered under the Company’s Act of 1956. Headquartered in Bangalore, Chariot was incorporated on the 17th of July, 2007. The key promoters of CWTL are first generation entrepreneurs, Atmanand Krishna Shanbhag, K.C.Madhukiran and Koushik Varaghur who are active board members along with Xavier Barretto and Nicholas Karthik.

CWTL is in the business of providing professional travel services to fulfil the demand of the rapidly growing overseas as well domestic leisure travel. CWTL offers frequent fixed departure group tours to various destinations across the world including the US, Europe, Australia, New Zealand, China, Scandinavia, Russia, etc and top Indian holiday destinations across the country.

 

INDUSTRY BACKGROUND

India is in a historically unique period of time. Today, India has a large population of affluent elderly Indians with time, disposable money, relatives and friends across the world and information like never before. The combination of all these factors has created an interest among this population to visit places around the globe. The young Indian population also is an affluent and well informed generation with energy and interest to travel around the world. The average Indian traveller is a very value-conscious traveller with specific and clear preferences. Servicing this growing global movement requires consistently dependable professional travel facilitators who can inherently understand the Indian needs.

The promoters of CWTL recognised this opportunity in 2007 and formed a company to realise this opportunity on the basic principles of professional and dependable service.


CORPORATE INFORMATION

BOARD OF DIRECTORS
Mr. Atmanand Shanbhag Chairman and Managing Director  
Mr. K. C. Madhukiran Director  
Mr. Koushik Varaghur  Director  
Mr. Xavier Barretto Director  
Mr. Nicholas Karthick Director  
     
AUDITORS PRACTISING COMPANY SECRETARY BANKERS
M/s BVC & Co
Chartered Accountants
Mr. Manjunath Reddy Syndicate Bank
HDFC Bank

REGISTERED OFFICE
Malleshwaram (HO & RO)
223, 2nd Floor, GR Arcaade, 14th Cross, Sampige Road, Above Reliance Fresh, Malleshwaram, Bangalore – 560003

Email: info@chariotworldtours.com
Website: www.chariotworldtours.com

 

BUSINESS DETAILS

CWTL operates fixed departure tours to over 30 destinations apart from private group tours, FIT tours and other ground services. Tour operations to overseas destination contribute to over 85% of the revenues. CWTL operates Government group tours, private events, incentive tours for institutions like Banks, other financial institutions, Pharmaceutical companies and other such large corporate movements as well as student educations tours. CWTL has identified exclusive and dedicated ground service providers at each destination and contract them to provide a variety of services to its customers. CWTL has developed expertise and complete capability to handle large groups, facilitate overseas events, handle exclusive private groups as well as provide individual facilities like hotel bookings, transfers and other travel services across top destinations.

IATA
With a constant increase in the number of departures every year, CWTL became a member of the prestigious International Air Travel Association (IATA) in 2010 enabling direct contracting with Airlines and internal issuance of tickets for tours as well as for customers needing ticketing services. CWTL’s ticketing operations is based out of its Indiranagar facility in Bangalore and is headed by experienced professionals from the airline and ticketing industry. The ticketing business of CWTL has grown into a profit centre and has started catering to small corporate and sub-agents in Bangalore.

VISA SERVICES
Visa is an indispensible part of any overseas travel. Visa services is also a specialised service needing a full understanding of all legal regulations and a dedicated team of professionals to handle the processing of the visas. With a growing number of guests travelling to various destinations, CWTL is processing the paper work in-house for visas to all destinations for its guests as well as public. Chariot’s Cunningham Road facility was created to cater to this requirement. A team of well trained visa professionals handle visa processing from this location. 

LOCATIONS
CWTL has multiple offices across Karnataka 6 of which are located in Bangalore. CWTL also has an office each in Hubli, Mysore and Davanagere each. More locations are planned in the future.

CWTL employs some of the best professionals across a variety of functions ranging from sales to operations, support and finance. Majority of the employees are in the role of business acquisition and play a critical role in contributing to the revenue growth. With a good geographical presence across the state as well as a highly motivated and incentivised sales team, CWTL has penetrated deeply into the Karnataka market. CWTL is probably the first company to have direct representation in tier II cities of Karnataka which has helped in building a strong brand association in the state.

BRAND CHARIOT
CWTL has invested significant amount of money and energy to build and market the Chariot brand. Brand building at Chariot has been closely in connection with the sales activities and has mostly been a support system for acquiring new business. Beginning with a 2 year media silence, CWTL entered the media in 2010 and has maintained consistence presence. All brand promotion spends have been from internal accruals and have been shown as expenses fully in the respective financial years. CWTL’s brand promotion strategy has had the right mix of Above the Line (ATL) and Below the Line (BTL) presence. Chariot places regular ad in leading English News dailies as well vernacular regional

papers while Chariot’s ads are continuously present in non-traditional print media such as community magazines, area specific journals, coffee table books and so on. CWTL also reaches out to people through participating in local events, community ceremonies and so on leading to an “always-on” silent presence among the people.

CWTL introduced its tag line “Great Holidays! Honest Prices” in 2010 in all its campaigns and applied for a trade mark registration for the line. This unique positioning has been well received by the public and has placed the company clearly in a space that had not been occupied by anyone. Chariot’s brand has always spoken directly to the consumer and this has given a leading edge in creating a particularly strong identity and association of trust.

MICE
Chariot has the expertise and experience of catering to large group movements for events overseas and in destinations within the country. Chariot is retained by multi-national brands such as Carl Ziess, Bicon India, DLF, Varsha Group, United Breweries, ING and so on. Chariot MICE division has handled groups of various sizes ranging from 50 pax to 800 pax and to destinations across the globe.

 

PROMOTERS PROFILE

Atmanand Shanbhag - Chairman and Managing Director
Atmanand is the driving force behind the overall growth of CWTL. With remarkable finance acumen, Atmanand is an excellent administrator on one hand and an able strategist on the other. Atmanand comes with over 21 years of consolidated experience in the Life Insurance industry in India out of which he spent 16 years in LIC where he held a range of positions in diverse functions at different geographical locations across India. An associate member of the Insurance Institute of India, Atmanand was one of the first employees to join ING Life Insurance in India and made significant contributions in setting up the distribution channel in his 5 year tenure at ING. At CWTL, Atmanand plays multiple roles from handling finance, to operations and also sales. He has completed IATA training and certification. Atmanand holds a commerce degree from Karnatak University. Atmanand is married and resides with his wife and two sons in Bangalore.

K.C. Madhukiran – Director
Madhukiran is a passionate sales professional with over 17 years experience in various sales organisations including Standard Chartered credit cards and ING Life insurance. His last assignment was with ING Life Insurance Company at Bangalore where he was responsible for setting up rural distribution of ING’s insurance portfolio. At CWTL, Madhu has been largely responsible in setting up the entire sales organisation. Madhukiran is a commerce graduate from Bangalore University. He is married and lives with his wife and daughter in Bangalore.

Koushik Varaghur – Director
Koushik is a creative professional with over 17 years of work experience in advertising and brand management. Koushik’s last corporate assignment was with ING Life Insurance Company as regional head of brand activation for Karnataka and Goa. Koushik is an ace artist, technologist and an able brand manager. Koushik can be credited for developing brand Chariot independently at CWTL. Koushik holds a Post Graduate Diploma from TAPMI. Koushik is married and lives with his wife and son in Bangalore.


OTHER DIRECTOR PROFILE

Xavier Barretto - Director
Xavier is a seasoned travel professional and comes with a wealth of experience in the Visa processing function. His assignment before joining Chariot was with VFS where he headed the UK visa process. Xavier comes with over 21 years of experience with excellent exposure to multiple functions including finance, administration and operations. His other previous assignments includes a stint with Thomas Cook and Modi-Luft airlines among others. At Chariot, Xavier set up and heads the visa division with an independent team. Xavier was inducted into Chariot board as director in September 2013. Xavier is married and lives with his wife and two sons in Bangalore

Nicholas Karthik - Director
Karthik joined Chariot's ticketing team when Chariot obtained IATA membership. Karthik has the remarkable knowledge and ability to navigate the complex function of ticketing that includes BSP billings, issuance tracking, airlines interactions, advances and refunds and more. Karthik quickly took on additional responsibility as the business grew exponentially. The present ticketing team also has been completely setup by him. Karthik holds an IATA agent certification and comes with a good experience in core ticketing function from reputed travel company in India and Kuwait. Karthik was inducted into Chariot board as director in September 2013. Karthik is married and resides with his wife and daughter in Bangalore

 

FINANCIAL

CWTL is a zero debt company and has delivered consecutive profits in the previous 4 financial years. CWTL also declared over 20% dividend consistently for the past 5 financial years. The company’s book of accounts have been maintained stringently according to the applicable laws. The books of accounts are regularly audited by M/s BVC & Co.

 

EXPANSION & FUTURE

CWTL is a young, professional and ambitious company with a long term focus in the travel industry. As a part of its strategy to rapidly expand, franchising options are now being offered on a trial basis in select cities in Karnataka. CWTL is also keenly looking at direct operations in key large volume destinations like Dubai, London and the US. CWTL is definitely having plans for a pan India presence in the immediate future.

 

Download Annual Report

CONTACT DETAILS

For any further information, please write to info@chariotworldtours.com. 

 

 

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