ICICI Bank vs Marriott: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: ICICI Bank and Marriott side by side

1. 1927Marriott

   The Root Beer Stand That Started It All

   J. Willard and Alice Marriott open an A&W Root Beer franchise on 14th Street NW in Washington, D.C. On May 20, 1927 the same day Charles Lindbergh completes the first solo transatlantic flight.

2. 1937Marriott

   Airline Catering Pioneer

   Marriott signs one of the country's first airline catering contracts with Eastern Air Lines, establishing commissary kitchens near airports to prepare in-flight meals.

3. 1953Marriott

   Hot Shoppes Goes Public

   Hot Shoppes, Inc. sold shares to the public for the first time, giving the family restaurant chain capital for expansion.

4. 1955ICICI Bank

   ICICI Founded as Development-Finance Institution

   ICICI was formed to provide medium- and long-term project finance to Indian businesses.

5. 1957Marriott

   First Hotel Opens in Arlington, Virginia

   Marriott opened the Twin Bridges Motor Hotel in Arlington, Virginia, its first hotel and the start of the lodging business that would later define the company.

6. 1967Marriott

   Company Renames as Marriott Corporation

   Hot Shoppes, Inc. Renames itself Marriott Corporation to reflect the growing importance of the lodging division relative to the restaurant business.

7. 1972Marriott

   J.W. Marriott Jr. Becomes CEO

   Bill Marriott, son of the founders, became CEO and led the company for four decades, building the multi-brand portfolio and the franchising and management model.

8. 1993Marriott

   Historic Split Creates the Asset-Light Model

   Marriott Corporation undergoes one of the most consequential restructurings in American corporate history, splitting into two independent companies: Host Marriott Corporation (which retains the physical hotel real estate and debt) and Marriott International (w…

9. 1994ICICI Bank

   ICICI Bank Incorporated

   ICICI Bank was incorporated as part of the ICICI group during India's post-liberalization banking opening. The move gave ICICI a deposit-taking commercial bank able to serve retail, corporate, and transaction-banking customers.

10. 1997Marriott

    Renaissance Hotels Acquisition

    Marriott acquires Renaissance Hotel Group for approximately $1 billion, adding the Renaissance Hotels, Ramada International, and New World hotel brands to its portfolio.

11. 1999ICICI Bank

    NYSE Listing Milestone

    ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to list on the New York Stock Exchange. The listing expanded global visibility and imposed a higher disclosure profile on the group.

12. 2001ICICI Bank

    Bank of Madura Amalgamation

    Bank of Madura was amalgamated with ICICI Bank with effect from March 10, 2001. The deal added branches, customers, and a southern India presence that helped the young bank build distribution faster than organic expansion alone.

13. 2002ICICI Bank

    Reverse Merger Created Universal Bank

    ICICI, ICICI Personal Financial Services, and ICICI Capital Services merged into ICICI Bank.

14. 2010ICICI Bank

    Bank of Rajasthan Merger

    The Bank of Rajasthan merger strengthened ICICI Bank's branch network, especially in northern and western India. The transaction mattered because local branches and deposits still supported private-bank scale even as digital channels were growing.

15. 2016Marriott

    Landmark Starwood Acquisition

    Marriott completes its $13.6 billion acquisition of Starwood Hotels & Resorts Worldwide the largest hotel merger in history adding 11 brands (including Sheraton, Westin, W Hotels, St.

16. 2018ICICI Bank

    Sandeep Bakhshi Became MD and CEO

    Sandeep Bakhshi became Managing Director and CEO in October 2018 after Chanda Kochhar requested early retirement. His tenure has been associated with a sharper focus on risk controls, asset quality, governance, and steady retail-led growth.

17. 2018Marriott

    Catastrophic Starwood Data Breach

    Marriott discloses that the Starwood guest reservation database acquired in the 2016 merger had been compromised since 2014, exposing the personal data of up to 500 million guests including passport numbers, payment card details, and travel itineraries.

18. 2019Marriott

    Marriott Bonvoy Loyalty Program Launches

    Marriott consolidates the Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Guest programs into the unified Marriott Bonvoy platform, creating one of the world's largest travel loyalty ecosystems.

19. 2021Marriott

    Anthony Capuano Named CEO

    Anthony Capuano became CEO in February 2021, succeeding Arne Sorenson, who died of pancreatic cancer. Capuano, a Marriott veteran since 1995 who previously led global development, took over during the pandemic travel collapse.

20. 2025ICICI Bank

    FY2025 Balance Sheet Scale

    The FY2025 integrated report listed Rs 16,103.48B in deposits, Rs 13,417.66B in loans and advances, Rs 21,182.40B in standalone total assets, and a 16.55% capital adequacy ratio.

21. 2025ICICI Bank

    FY2025 Profitability

    ICICI Bank reported Rs 472.27B in standalone profit after tax and Rs 510.29B in consolidated profit after tax for FY2025. Profitability matters because the bank has to fund technology, compliance, provisions, and growth while keeping capital strong.

22. 2025ICICI Bank

    IMobile and Card Scale

    IMobile processed 558M transactions worth Rs 11,238B in FY2025, and the bank had close to 18M active credit cards at March 31, 2025.

23. 2025Marriott

    FY2025 Revenue of $26.186 Billion

    Marriott reported $26.186 billion in revenue and $2.601 billion in net income, grew net rooms over 4.3% and returned more than $4.0 billion to shareholders.

24. 2026ICICI Bank

    Q1 FY2027 Profit Up 15.9%

    Standalone profit rose 15.9% to Rs 14,805 crore for April-June 2026, with net interest income up 12.7% and net NPAs at 0.35%.

25. 2026ICICI Bank

    Bakhshi Reappointed to 2028

    The RBI approved Sandeep Bakhshi's reappointment as MD and CEO for two years from October 4, 2026.

26. 2026ICICI Bank

    FY2026 Profit Crosses Rs 50,000 Crore

    Standalone net profit rose 6.2% to Rs 50,146.6 crore in FY2026, with a 4.32% net interest margin and 15.8% loan growth.

27. 2026Marriott

    Jennifer Mason Becomes CFO

    Jennifer C. Mason became Marriott's Chief Financial Officer after Leeny Oberg retired effective March 31, 2026.

28. 2026Marriott

    Marriott Passes 10,000 Properties

    Marriott opened the JW Marriott Ranthambore Resort & Spa in India in June 2026, marking its 10,000th property worldwide.

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