CNBC-TV18's Nigel D'Souza today talks about International Travel House on “Midcap Mania”.

International Travel House is Rs 160 crore market capitalisation company and have a couple of global tie-ups.

The company is recognised and approved by the International Air Transport Association (IATA) and the Department of Tourism, government of India.

With ITC having a 61% stake in International Travel House, the company have a huge clientele which includes Grohe India, Ikea India, Vodafone, Facebook India, Deloitte, ABB India, Infosys, and Sony.

International Travel House is into various business developments, car rentals, foreign exchange, as well as meetings, incentives, conferences and exhibitions (MICE).

The company has a decent cash balance of close to around Rs 40 crore and is paying a consistent dividend of around Rs 4.25 for last many quarters.

First Published:Apr 23, 2018 5:06 PM IST