ITC Maratha Welcomes Siddhartha Banerjee as Area Controller (West) and Head of Finance, Update You Need to Know

Published on November 22, 2025

ITC Hotels Ltd has officially appointed Siddhartha Banerjee as the Area Controller (West) and Head of Finance at ITC Maratha, a prominent luxury hotel in Mumbai. With over 12 years of experience in the hospitality and services sector, Banerjee is poised to bring his expertise in financial management to the forefront of ITC Hotels’ operations in the western region.

Banerjee’s new role will see him take charge of overseeing critical financial functions at ITC Maratha, including budgeting, accounts management, hotel operations, taxation and new projects. As one of the most established luxury hotels under the ITC Hotels banner, ITC Maratha will benefit from his wealth of experience and hands-on knowledge in the hospitality industry.

A Seasoned Professional with Diverse Expertise

With a comprehensive background in financial management, Banerjee has honed his skills in various aspects of the hospitality sector. His experience spans the consolidation of financial statements, management accountancy and budgeting, enabling him to bring a strategic approach to financial oversight. His tenure across various ITC Hotels properties, including ITC Maratha and other iconic hotels such as ITC Mughal in Agra, ITC Royal Bengal in Kolkata and ITC Green Centre in Gurgaon, has made him a versatile leader in the hospitality industry.

Banerjee’s experience in overseeing multiple departments, including purchase, information technology and accountancy, gives him a multi-faceted perspective on operations. As a chartered accountant who cleared his CA exams in his first attempt, Banerjee’s understanding of business accounting and finance is both deep and well-rounded. His professional journey through ITC Hotels has allowed him to develop operational excellence in managing finances while maintaining high standards of hospitality and guest satisfaction.

Impact on ITC Maratha and ITC Hotels’ Western Region Operations

In his new capacity, Banerjee will be responsible for managing the financial operations of ITC Maratha, which is a key property in ITC Hotels’ Luxury Collection. The hotel is located in Mumbai, one of the most competitive markets in the hospitality sector and Banerjee’s expertise will be crucial in ensuring its continued success. Mumbai’s hospitality industry is dominated by a mix of well-established global players and local entrepreneurs who cater to a diverse range of consumer needs. This highly competitive environment presents both challenges and opportunities for ITC Hotels and Banerjee is expected to play a key role in navigating these complexities.

ITC Maratha, renowned for its world-class services and luxurious offerings, will benefit from Banerjee’s financial leadership. The hotel is a prime example of ITC Hotels’ commitment to excellence in the hospitality industry. As the head of finance, Banerjee will focus on optimizing operational efficiencies, managing costs and ensuring that ITC Maratha maintains its competitive edge in Mumbai’s dynamic hospitality landscape.

A Vision for the Future

As Banerjee prepares to take on this new responsibility, his vision for ITC Maratha involves enhancing financial operations and delivering greater returns for ITC Hotels. He recognizes the challenges of operating in Mumbai’s competitive hospitality market, but he is confident that his financial leadership will help take the hotel’s performance to the next level. By leveraging his extensive experience, Banerjee is set to steer ITC Maratha and other ITC Hotels properties in the western region towards greater profitability and success.

Conclusion

The appointment of Siddhartha Banerjee as the Area Controller (West) and Head of Finance at ITC Maratha marks a significant milestone for ITC Hotels. With his vast experience and strategic approach to financial management, Banerjee is well-positioned to contribute to the growth and success of ITC Maratha and the broader operations of ITC Hotels in the western region. His leadership will be integral to driving operational excellence and maintaining ITC Hotels’ reputation for luxury and service in the competitive Mumbai hospitality market.