Adding momentumm to its business diversification plans AICL promoted a subsidiary company AICL Builders and Developers Limited in June 2009. This company will take up the business of builders developers. The Company proposes to have a capital of Rs. 2 Cr. with AICL holding 51% of shares. Mr. Mohammed Ali A., Mr. P. Abdul Hameed, Mr. K.M. Abdul Salam and Mr. M.A. Moosa constitute the Board of Directors of the new Company. This venture is expected to augment the revenue of AICL and increase it share value.