Ginger Hotels Your Company s subsidiary under the Ginger brand added four new Ginger Hotels during

the year at Manesar (Management contract), Chennai, East Delhi and Indore. Further projects are at various stages of construction in Bangalore-Koramangala, Tirupur, Noida, Jaipur, Faridabad, Greater Noida, Chandigarh and Amritsar. Durg property, which was operated as a management contract was moved out of the portfolio with effect from December 31, 2010. As on March 31, 2011, there were 23 owned / leased Hotels (with a room inventory of approximately 2250 rooms), in addition to one hotel under management contract (with a room inventory of 100 rooms). To provide a consistent brand experience for customers and following the positive feedback to the upgraded product in new hotels such as in Surat, Pune-Wakad and East Delhi, the look and feel of the restaurants in older hotels such as those in Bhubaneswar and Pune-Pimpri was also upgraded. Corporate Business from the contracted large companies continued to be the focus area for majority of the hotels. Many new companies were brought on board, including from the new source market for the company, Chennai. The focus at the units and the source markets continues to be on getting permanent rooms, long-stay business, Groups and conferences from the Corporate segment. To effectively and ef ciently cater to the growth plans of the Company, the promoters after discussions with a few Private Equity players have nalised Omega TC Holdings Pte. Ltd. ( the Investor ) as the Private Equity investor for infusion of equity into a Subsidiary. The Investor will invest an amount of ` 150 crores in various tranches, which will give the Investor a minority stake. The rst tranche of ` 50 crores was allotted to the Investor in April, 2011. Wildlife Lodges Your Company s Joint Venture Taj Safaris Limited operates four lodges viz. Mahua Kothi at Bandhavgarh, Baghvan at Pench, Pashan Garh at Panna and Banjaar Tola at Kanha. The four spectacular lodges complete the tiger wilderness circuit in all the well known Tiger Reserves in the state of Madhya Pradesh. Jiva Spa The philosophy of our spas is rooted inherently in India s ancient approach to wellness. The ethos of our carefully recreated treatments is drawn on the rich and ancient wellness heritage of India; the fabled lifestyle and culture of Indian royalty and the healing therapies that embrace Indian spirituality. Jiva Spa is an eco-sensitive brand, hence all spa products are natural and contain Indian herbs, pure essential oils, lipids, clays, mud, salts and ower waters all of a botanical source. Jiva Spa uses organic linen and eco-friendly toxin-free pottery In the year 2010-11, we launched one new Jiva Spa at The Taj Falaknuma Palace, Hyderabad, which boasts of two

generously sized single massage suites, one couple massage suite, two rooms dedicated to beauty, steam, chill showers, regular showers and a gymnasium. The Jiva Spa at Taj Falaknuma Palace has already made it to the Cond Nast Traveller s Hot List Spas 2011. As on March 31, 2011, the following 22 Jiva Spas are operational in Taj Hotels Resorts and Palaces in India and international locations. Jiva Grande 1. Taj Wellington Mews, Mumbai 2. Taj Exotica Resort & Spa, Maldives 3. Umaid Bhavan Palace, Jodhpur 4. Rambagh Palace, Jaipur 5. Taj Cape Town, South Africa Jiva 6. Taj Falaknuma Palace, Hyderabad 7. Taj Lake Palace, Udaipur and the Jiva Spa Boat 8. Nadesar Palace, Varanasi 9. Usha Kiran Palace, Gwalior 10. Taj Mahal Palace, Mumbai 11. Vivanta by Taj - President, Mumbai 12. Taj Exotica, Goa 13. Vivanta by Taj - Fort Aguada & Holiday Village, Goa 14. Vivanta by Taj - Panaji, Goa 15. Vivanta by Taj M.G. Road, Bangalore 16. Vivanta by Taj - White eld, Bangalore 17. Vivanta by Taj - Fisherman s Cove, Chennai

18. Vivanta by Taj - Malabar, Cochin 19. Vivanta by Taj Kovalam, Kerala 20. Vivanta by Taj Bentota, Sri Lanka 21. Vivanta by Taj - Coral Reef, Maldives 22. Taj Tashi Thimphu, Bhutan Jiva Spa also runs non-branded spas under the brand The Spa . As of today, we are operating 14 The Spas , as under: 1. Taj Chandigarh 2. Vivanta by Taj - Blue Diamond, Pune 3. Vivanta by Taj - Connemara, Chennai 4. Vivanta by Taj - Ambassador, New Delhi 5. Vivanta by Taj - Gomti Nagar, Lucknow 6. Vivanta by Taj - Trivandrum, Kerela 7. Vivanta by Taj - Hari Mahal, Jodhpur 8. Gateway Hotel, Bangalore 9. Gateway Hotel, Vizag 10. Gateway Hotel, Mangalore 11. Gateway Hotel, Varanasi 12. Taj Mahal, New Delhi 13. Taj West End, Bangalore 14. Taj Residency, Aurangabad