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History of Rainbow Foundations Ltd.

Rainbow Holiday Resorts International Limited [RHRILs] was incorporated with Registrar of Companies, Tamil Nadu on 7.06.1994 & the Certificate for Commencement of Business was obtained on 26.07.1994.

PRESENT BUSINESS OF THE COMPANY

After incorporation in June 1994, the Comp. has been engaged in identifying & buying of highly potential real estates for purpose of development & selling of Commercial & Residential apartments. It has so far identified six such plots in & around Madras.

The Comp. has also acquired land in the tourist town of Kodaikanal, which is located in the Palani Hills in the state of Tamil Nadu. The Comp. proposes to set up a Resort Complex on Vacation Time Sharing [VTSs] basis. The Comp. plans to construct 2 cottages along with a Restaurant, Coffee shop & other facilities in the first phase. On completion of first phase, the second phase will be taken up which would involve construction of additional 160 cottages. Adjacent to the proposed complex, the Comp. plans to develop land measuring 28 acres for classifying into plots which would then be sold to different set of customers.

The Comp. has commenced the Residential/Commercial construction work at George Town Project I,II & Madipakkam after obtaining necessary approvals. At Kodaikanal, the land for layout project has been demarked and the inner link roads are in the process of being laid. The laying of approach road to Resort Complex has been completed to the extent of 2 Kms.