• To grant funds, annuities, pensions, allowances, gratuities and bonuses to any employees or ex-employees (including Directors and ex-Directors) of the Company or their relations, connections or dependents of any such persons or its predecessors in business and to establish or support associations, institutions, clubs, schools, hospitals, dispensaries, canteens, hotels, restaurants, houses, dwellings, chawls, funds, schemes and trustees (religious, scientific, educational, provident or otherwise) which may be considered calculated to benefit any such persons or the public or otherwise advance the interests of the Company or of its members and to establish and contribute to any scheme for the purchase by trustee of shares in the Company to be held for the benefit of the Company's employees and to lend money to the Company's employees to enable them to purchase shares of the Company and to formulate and carry into effect any scheme for sharing the profit of the Company with its employees or any of them and to subscribe or guarantee money for charitable or benevolent objects of/ for any exhibition or for any public general or useful object or earmark a portion of the profits of the Company or create a fund or funds for such objects or purposes.
• The liability of the members is limited.
• The authorized capital of the Company is Rupees Two crores divided into twenty lakhs equity shares of Rs.10/- each with the rights, privileges and conditions attaching thereto as may be provided by the Articles of Association of the Company for the time being, with powers to increase and reduce the capital of the Company and to divide the ordinary shares in the capital for the time being in to several classes and to attach thereto, respectively such preferential, guaranteed qualified or special rights, privileges and conditions as may be determined by or in accordance with the Articles of Association of the Company and to vary, modify amalgamate or abrogate any such rights, privileges or conditions in such manner as may for the time being be permitted by the Companies Act, 1956.

2. Mission / Vision:

To develop & promote Odisha as No.1 destination of the Country and to transform as a major profit making organization of the State.

3. Brief history and background for its establishment:

Odisha Tourism Development Corporation was incorporated in the year 1979 to promote tourism in the State and operate some of the existing Tourist Bungalow and Transport Fleet in commercial line. Most of the Tourist Bungalows presently named as Panthanivas have been inherited from Government of Odisha for a nominal value of Rs. 92.48 lakhs. This Rs. 92.48 lakhs worth of assets were transferred to the Corporation as investment in the share of the Company. Except those properties the Corporation has added accommodation unit at Panthanivas, Bhubaneswar of 52 rooms, Puri of 29 rooms, Cuttack 28 rooms, and Rourkela 20 rooms. These assets valuing Rs. 134.17 lakhs were created in the early part of eighties out of institutional finance and share capital assistance of the State Govt. Although the State Govt. has invested further Rs.869.68 lakhs by way of share capital in addition to the initial investment of Rs.92.48 lakhs, the major portion of this investment has been eroded by way of loss in eighties. As on 31.3.2004 the Govt. of Odisha has invested Rs.962.16 lakhs, out of which Rs.673.31 lakhs has been eroded by way loss. At present Corporation is having 22 Hotels, 2 Transport Units and 1 exclusive Restaurant under its management. The details of Hotel & Transport Units run by the Corporation is given as below: