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.