Company History - 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.
2003
- ITC travel launches operations to & from China for new business.
2004
- ITH board recommended a dividend of 15 per cent for the current
financial year and also passed the accounts for the financial year
ended March 31, 2004 this year.
2005
- ITH begins promoting European river cruises in India.
- ITH gets India's best travel agency award
2007
- International Travel - E-mail ID for Investor Complaints are viz.,
investor_TH@ith.co.in
2008
-Company has recommended a dividend of 30% for the financial year
ended March 31, 2008.
2012
-Company recommended a dividend of Rs. 4.25p per equity share of Rs.
10/- each for the financial year ended March 31, 2012.
2013
-International Travel House Ltd have recommended a dividend of Rs.
4.25 per equity share of Rs. 10/- each.
2014
-Ms. Sudha Pillai has been appointed as an Additional Director of the
Company.
-International Travel House Ltd have recommended a dividend of Rs.
4.25 per equity share of Rs. 10/- each.
