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Raymond Bickson, CEO, Taj Hotels Resorts and Palaces poses for the photographers during the inaugural ceremony of amfAR India in Mumbai on Sunday, 17 November 2013.

Raymond Bickson, MD & CEO, IHCL gestures at the launch of book Rambagh Palace in Mumbai on Monday, 14 January 2013.

Ratan Tata, Chairman, Tata Group arrives at the 111th annual general meeting of Indian Hotels Company Ltd in Mumbai on Friday, 03 August 2012.

Raymond Bickson, MD & CEO, IHCL gestures during the inauguration of new Ginger Hotel in Mumbai on Monday, 22 October 2012.

Renu Basu, VP, IHCL gestures during the inauguration of new Ginger Hotel in Mumbai on Monday, 22 October 2012.

Renu Basu, VP, IHCL addressing while Prabhat Pani, CEO, Root Corp Ltd looks on during the inauguration of new Ginger Hotel in Mumbai on Monday, 22 October 2012.

Prabhat Pani, CEO, Root Corp Ltd, Renu Basu, VP, IHCL & Raymond Bickson, MD & CEO, IHCL with others poses during the inauguration of new Ginger Hotel in Mumbai on Monday, 22 October 2012.

Raymond Bickson, MD & CEO, IHCL during the inauguration of new Ginger Hotel in Mumbai on Monday, 22 October 2012.

Raymond Bickson, MD & CEO, IHCL poses during the inauguration of new Ginger Hotel in Mumbai on Monday, 22 October 2012.

Raymond Bickson, MD & CEO, IHCL lighting the lamp while Prabhat Pani, CEO, Root Corp Ltd, Renu Basu, VP, IHCL looks on during the inauguration of new Ginger Hotel in Mumbai on Monday, 22 October 2012.

Raymond Bickson, MD & CEO, IHCL inaugurating the new Ginger Hotel in Mumbai on Monday, 22 October 2012.

Managing Director of Indian Hotels Company Ltd (IHCL) Raymond Bickson during the announcement of company’s financial results in Mumbai on Friday, 12 June 2009.

Managing Director of Indian Hotels Company Ltd (IHCL) Raymond Bickson during the announcement of company’s financial results in Mumbai on Friday, 12 June 2009.