Mahindra Holidays and Resorts India Ltd.

Our Company was incorporated in September, 1996 in Chennai as Mahindra
 
 Holidays & Resorts India Private Limited. The status of our Company
 was 
 changed to a public limited company by a special resolution of the
 members 
 passed at a shareholders� meeting held on January 29, 1998. The fresh
 certificate 
 of incorporation consequent on change of name was granted to our
 Company on 
 April 17, 1998 by the RoC.
 
 An agreement dated August 27, 2006, was executed between our Company
 and 
 Ashtamudi Resorts Private Limited wherein the entire share capital of
 Ashtamudi 
 Resorts Private Limited was purchased by our Company. Our Board of
 Directors 
 gave approval to amalgamate Ashtamudi Resorts Private Limited, our
 wholly-owned 
 subsidiary with our Company. The High Courts of Madras and Kerala
 approved the
 amalgamation of Ashtamudi Resorts Private Limited with our Company
 with effect 
 from July 1, 2007, by orders dated February 19, 2008 and February 7,
 2008, 
 respectively.
 
 
 Key Events and Milestones
 
 Date                        Event
 
 September, 1996        Incorporation of Mahindra Holidays & Resorts
 India Limited.
 
 February, 1997           Acquired land at Varca Village, Goa
 
 April, 1998                  MMJ Resorts and Holidays Private Limited
 was amalgamated into our 
                                      Company with effect from April
 1, 1998 pursuant to Madras High Court 
                                      order dated April 23, 1999
 February, 1997 Launched our first individual 
                                      product Club Mahindra Holidays
 Unlimited
 
 April, 1998                   First resort opened at Munnar
 
 December, 1999         Second resort opened at Goa
 
 November, 2000         Acquired land in Binsar
 
 April, 2001                  Opened resort at Manali
 
 April, 2001                 Mahindra Sega Entertainment Corporation
 Ltd was amalgamated into 
                                   our Company with effect from April
 1, 2001 pursuant to Madras High 
                                   Court order dated April 30, 2002
 
 May 2001                  Corbett resort opened
 
 December, 2002        Acquired land in Coorg
 
 January 2003             First Club Mahindra Holiday World opened in
 Chennai
 
 March, 2004             Number of vacation ownership members was
 20,536
 
 2004                        Receives ISO 9001:2000 certification for
 its property at Lakeview Munnar
 
                                   Foodworld's chief rejoins Mahindra
 Holidays
 
 March, 2005             Entered into long-term lease for an
 international resort in Pattaya, 
                                  Thailand
 
 March, 2005             Number of vacation ownership members was
 28,491
 
 March, 2005             Club Mahindra Kodagu Valley resort was opened
 in Coorg, Karnataka
 
 November, 2005       Acquired land in Puducherry (formerly
 Pondicherry)
 
 March, 2006             Number of vacation ownership members was
 38,691
 
 December, 2005       Acquired land in Lonavala
 
 August, 2006            Invested in Ashtamudi Resorts Private
 Limited
 
 October, 2006          Launched Club Mahindra Fundays
 
 November, 2006      Acquired a resort in Manali
 
 November, 2006     Launched Zest, a product to cater to short break
 holiday needs
 
 January, 2007         Launched clubmahindra.travel, our travel
 related services
 
 March, 2007           Number of vacation ownership members was
 53,101
 
 May, 2007              Opening of Club Mahindra Backwater Retreat at
 Ashtamudi
 
 October, 2007        Entered into long-term lease for a resort at
 Auli
 
 May, 2008              Launched Zest @ Big Beach, Puduchery, first
 signature resort for Zest
 
 June, 2008             Club Mahindra.travel received International
 Air Transport Association 
                                accreditation
 
 
 July, 2008               Zest @ Casa Deep Woods, Masinagudi taken on
 lease
 
 July, 2008               Mahindra Homestays Launched
 
 September, 2008    MHRIL and the Kerala Government entered into a
 strategic alliance 
                                 for a period of 5 years to develop,
 promote and market homestays 
                                 overseas and in India
 
 September,2008     Acquisition of Club Mahindra Tusker Trails,
 Thekkady
 
 October, 2008        Club Mahindra Dancing Waters, Naukuchiyatal
 taken on lease
 
 March, 2009           Number of vacation ownership members was 92,825
 
 
 April, 2009              Club Mahindra Whispering Pines, Mashobra
 taken on lease
 
 May, 2009              Club Mahindra.travel was approved as an ACTIVE
 Member of 
                                Travel  Agents Association of India
 for the year 2009-10.
 
 2010
 
 -The Company has recommended dividend of Rs. 4/- (Rupees Four Only)
 per Equity Share of Rs. 10/- each (i.e. 40%)
 
 -MHRIL appoints Peter Martin as Head of Resort Operations.
 
 2011
 
 -Club Mahindra adds 100+ rooms in Goa; Launches Club Mahindra Emerald
 Palms.
 
 -The Company has appointed Mr. Dinesh Shetty as Company Secretary &
 Compliance Officer of the Company.
 
 -The Company has recommended dividend of Rs. 4.00 (Rupees Four Only)
 per Equity Shares of Rs. 10/- each (i.e. 40%).
 
 2012
 
 -Club Mahindra acquires Royal Courts Jaisalmer, Launches Club
 Mahindra, Jaisalmer.
 
 -Mahindra Holidays & Resorts India buys M/s. Gables Promoters.
 
 -Mahindra Holidays acquires new resort near Shimla.
 
 -Mahindra Holidays acquires 49% in IHGCL; adds new resort in
 Bangkok.
 
 2013
 
 -Mahindra Holidays unveils New Brand Identity for its flagship Brand
 Club Mahindra.
 
 2014
 
 -Mahindra Holidays - Mahindra Holidays acquires new 60 room resort in
 Manali
 
 -Mahindra Holidays buy CHPLs resort in Manali
 
 2015
 -Mahindra Holidays launches its first resort in Kanha, MP
 -Visionsbolaget becomes subsidiary of Mahindra Holidays