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The Indian Hotels Company Limited (IHCL) and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces, which is recognised as one of Asia's largest and finest hotel companies. Incorporated by Jamsetji N. Tata, Founder of the Tata Group, the company opened its first property, The Taj Mahal Palace Hotel, in Bombay in 1903. IHCL now was six brands which include the luxury Taj, Taj Exotica, Taj Safaris, Vivanta by Taj Hotels & Resorts, and Gateway Hotels & Resorts brands, and the economy Ginger Hotels, in addition to Taj Air, a luxury private jet operation, and Taj SATS Air Catering Ltd. IHCL also operates the Indian Institute of Hotel Management, Aurangabad. The institute offers a four-year diploma, designed with the help of international faculty and has affiliations with several American and European programmes.