West Leisure Resorts Limited, incorporated on January 18, 2008, operates primarily as a Core Investment Company (CIC) in the financial and service sector, focusing on lending activities. While initially formed to participate in the leisure and hospitality industry, including resorts, entertainment facilities, and related ventures, the company has not yet actively pursued opportunities in this field. Instead, it engages in services like human resource supply, investment in shares, mutual funds, and securities for liquidity management, and lending.
The company underwent a significant restructuring through a Composite Scheme of Arrangement with Westlife Development Ltd (WDL), approved by the Bombay High Court in 2013. This involved the demerger of a part of WDL's undertaking into West Leisure Resorts, effective from October 2012. In exchange, the company issued equity and preference shares to WDL's shareholders and preference holders. Despite its initial hospitality focus, West Leisure Resorts remains primarily a financial services entity.
