Promoted by R K Syal, Pamila Syal and Naresh Puri, Golden Tourist Resorts and Developers (GTRDL) was incorporated in Sep.'91 as Golden Tourist Resort. In Mar.'95, it acquired its present name. It is a subsidiary of Golden Forest India. From 1991 to 1994, the company was engaged in the research work to set up a chain of hotels-cum-resorts. The company started its construction division in 1994-95. It has set up a resort cum amusement park with 30 lettable rooms with food and beverages facilities besides public area and service utilities, at Lalru (Patiala district), Punjab. It came out with a public issue in Mar.'96 to part-finance the cost of the project of developing a resort and for the purchase of machinery for the construction division. During the year 1999-2000, the resorts division showed an impressive increase of 188.63% in its turnover.