Complex sentence: It was founded by the Colonisation Society of India in 1933 as a homeland, or "Mooluk", for Anglo-Indians and was home to 400 Anglo-Indian families within ten years.
Split into simpler sentences: It was founded by the Colonisation Society of India in 1933 as a homeland or "Mooluk" for Anglo-Indians. It became home to 400 Anglo-Indian families within ten years.