(Indian Business Insight Via Acquire Media NewsEdge) Raymond Bickson has stepped down from the post of Managing Director and Chief Executive Officer (MD and CEO) of Indian Hotels. He had joined the company in 2003 and had received an extension of five years recently. The company has increased the number of hotels from 62 in 2003 to 127 in 2014. Indian Hotels has reported a loss of Rs590 crore for 2013-2014 (Rs338 crore for 2012-2013). The company is operating hotels under the Taj, Vivanta by Taj, the Gateway and Ginger brands.