International Travel House

YEAR                       EVENTS
 1981 - The Company was Incorporated on 29th June.  The Company was
        Registered under the name and style of International Tavel
 House
        Limited, under the Companies Act, 1956, Registered office at
        21-D, Community Centre, Basant Lok, Vasant Vihar, New Delhi. 
 The
        Company is engaged in  Travel and Tourism activities.
 
 1992 - The Company has modernised its system of operations and
        diversified its activities.
 
      - The Company has signed a Memorandum of Understanding for
        acquiring 100% equity of Vins Overseas India Pvt. Ltd a
 Company
        incorporated in India, promoted by NRIs - holding Franchise
        agreement with Europcar Inter Rent, France and engaged in the
        business of Rent-a-Car business.
 
      - Vins Overseas India Pvt. Ltd. will become a subsidiary of the
        Company.
 
 1994 - During the year your Company acquired 1000 Equity Shares of
 Rs.
        100/- each of International Travel House Explorations Limited
 at
        a consideration of Rs. 1,00,00/-.
 
      - The Company also acquired 1000 Equity Shares of Rs. 1000/-
 each
        of Classic Travels Limited at a consideration of Rs.
 1,00,000/-. 
        With this acquisition both these companies have become wholly
        owned subsidiaries of your Company w.e.f. 30th July, 1993.
 
      - The Company also acquired 525000 Equity Shares of Rs. 10/-
 each
        of Landbase India Limited at a consideration of Rs. 52.50
 Lacs
        which represents 70% of Equity Share Capital of Landbase
 India
        Limited.  With this acquisition this Company has become a
        subsidiary of your Company w.e.f. 1st March 1994.
 
      - The company has also become a member of the coveted
 international
        congress and convention Association (ICCA), by virtue of
 which,
        it is now recognised as part of an international network of
        experts in the conference business.
 
      - The Company has also entered into an agreement with Union
        Transport Network Inc., one of the world's leading freight
        conglomerates, to gain competitive advantage for its freight
        business and to generate import consolidation business through
 UT
        offices worldwide.
 
      - The Company is also the first travel company in India to have
        signed up with Galileo, one of the most technically advanced
        computer reservation systems, for online access to their
 global
        reservation system for the Company's travel branches.
 
      - The Company made a Rights Issue of 40,00,000 No. of Equity
 Shares
        in the ratio of 1:1 to its Equity Shareholders at a premium
 of
        Rs. 25 per share.
 
      - The Company allotted 39,79,700 No. of Equity Shares on 23rd
        September, 1994, with the balance  20,300 shares being kept
 in
        abeyance owing to cases of dispute regarding entitlement.
 
 1995 - On 21st March, a further 5,500 No. of Equity Shares have been
        allotted.  The remaining 14,800 No. of Equity Shares will be
        allotted as and when the disputes are resolved.
 
      - The Company has also tied up with Union Transport, a reputed
        global freight company, to take advantage of the
 opportunities
        being unfolded in the freight business consequent to the
        liberalisation measures under way in India.
 
 1996 - During the year, the Company has allotted 6,900 No. of Equity
        Shares on 1st September, 1995 and 900 No. of Equity Shares on
        20th March, 1996 out of the Rights Shares kept under abeyance
        during last year's rights issue.  The remaining 7,000 No. of
        Equity Shares will be allotted as and when the disputes are
        resolved.
 
 1998 - International Travel House (ITH) is a part of ITC, one of the
        largest conglomerates in India.  ITH offers travel related
        services like airline ticketing, travel management, foreign
        exchange dealings like money changing, issue of traveller's
        cheques, and freight management.
 
      - ITH has alliances with Rosenbluth International of USA for
        travel management and assistance, with United Transport of
 USA
        for freight management and with Citibank of USA for
 travellers
        cheques.
 
      - International Travel House Limited on 8th July, joined hands
 with
        ABN Amro Lease Holding N.V. to form a joint venture company
 with
        core competency in the area of financial leasing of cars.
 
 1999 - The company, renamed Lease Plan India Ltd, is no longer a
        subsidiary of ITH.
 
      - Vins Overseas is a 100 per cent subsidiary of ITH.
 
      - The company has prepared a multi-skilling module that allows
        complete exposure of its employees to all services by way of
        `products', the `standard operating procedures' and market
        information.
 
      - ITH is the only integrated travel management company in the
        country.  The company already has a leadership position in
 the
        car rental segment, through its wholly owned segment Vins
        Overseas India Ltd, the master franchisee of one of the
 world's
        car rental services Europcar.
 
 2000 - The Company divested its equity holding of Rs 2.80 crores
 shares
        of Rs 10/- each representing 70% holding in Landbase India
 Ltd.
        to ITC Ltd. at a price of Rs 34/- per share, the total
        consideration being Rs 9.52 crores.  Landbase India Ltd. would
 no
        longer be a subsidiary of the company.
 
      - The Company, a subsidiary of ITC Ltd and a leading travel
        management company, is trestructuring its businesses to
 increase
        focus on information technology and travel management services
 
        for individuals travellers.