“Our main focus this year would be be to bring down our debt. However, we have to discuss with our banks to decide the amount,” he added.
He further said, the company is looking forward to FY15, which is expected to be positive after the general elections.
“The previous financial year was ruled by negative sentiment for the entire hospitality industry. This year we are hoping a stable government will bring in positive atmosphere, which will be great for the sector,” Reddy said.
The company's total manpower stood at 7,000, including the India and the overseas properties. Country Club's revenue for FY13 stood at Rs 475 crore.
