PYRAMID RELO PVT. LTD.

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Pyramid Towers is a group company of Enkay Group which has entered a Joint venture with Relocation International India, a wholly owned subsidiary of Relo Group. The Joint Venture has been operational since September 2012. (http://www.relo.jp/company/group.shtml)

Relo Group is listed on the Tokyo Stock Exchange and is a leader in the business of Relocation in Japan. The Domestic Business serves as a comprehensive solution provider in employee benefits, helping corporations to ensure the efficient operation of employee benefit programs by operating a broad range of outsourcing services in housing, such as dormitories and company housing, and in leisure and living support, such as recreation facilities. In the International Sphere, the group is in the businesses of relocation house rental management service, management of houses owned by employees who have been transferred, and a global relocation support service, which helps employees to acquire visas and arrange international moves. They provide comprehensive support to Japanese expatriates working in Japanese companies around the world covering every aspect from arrival to return home, such as the operation of serviced apartments for transferred employees, home search assistance, and household goods shipping service for employees returning home, etc.

The Joint Venture has been formed specifically to provide assistance to Japanese expatriates in India. This is in the form of operating and managing Serviced Apartments specifically for Japanese expatriates on both long and short stay and home search assistance. A new team has been formed with both Enkay and Relocation International personnel. Having Japanese expatriates in the team has provided the Joint Venture an edge over competition. This was a perfect marriage between both the companies. Enkay brought into the Joint Venture, its local expertise in operating serviced apartments in the Indian milieu and Relocation International brought its expertise in handling Japanese expatriates. Currently the joint Venture is running serviced apartments, catering only to Japanese clients in Gurgaon and Delhi. These are complex of 15 to 20 units of serviced suites and/or one bedroom apartments. Presently the Joint Venture has three such complexes in Gurgaon and has targeted to have three more before the year 2014 ends. The business suites have cooking facility in each unit, is designed to meet the requirements of Japanese expatriates in India and facility of Japanese food is also available in these serviced apartments.

(www.relo-sta-enkay.com)

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