Infrastructure Leasing & Financial Services

Infrastructure Leasing & Financial Services (IL&FS)
Private limited company
Industry infrastructure development and finance
Founded 1987 [1]
Headquarters Mumbai, Maharashtra, India
Key people
Ravi Parthasarathy, Chairman
Hari Sankaran, Managing Director
Website ilfsindia.com

Infrastructure Leasing & Financial Services Limited (IL&FS) is an Indian infrastructure development and finance company.

History

IL&FS was originally promoted by the Central Bank of India, Housing Development Finance Corporation (HDFC) and Unit Trust of India (UTI). Currently, its institutional shareholders include State Bank of India (SBI), Life Insurance Corporation of India (LIC), ORIX, Abu Dhabi Investment Authority and Greenspring Associates.[2]

A2Z Group has acquired IL&FS Property Management & Services Ltd in a cash and stock deal. The deal to acquire IL&FS Property Management was done through its subsidiary A2Z Infraservices Ltd for a consideration of Rs250 million. While Rs70 million cash payment was made to IL&FS Infrastructure Equity Fund and IL&FS Employees Welfare Trust, the infrastructure major has also taken a 20% stake in A2Z Infraservices by way of stock swap. IL&FS Property Management had total revenues of Rs900 million in FY10.[3]

Group companies

IL&FS headquarters at the Bandra Kurla Complex in Mumbai

IL&FS has 256 group companies as of 2011, including subsidiaries, joint venture companies and associate entities. Some of them are listed below-

Infrastructure Services
Financial Services
Technology Services

IL&FS Technologies Ltd.(known as ITL) is the IT Branch of IL&FS Group.It is a complete end-to-end technology solutions company offering consulting, software development, systems integration, data digitization and management service and solutions, performance tuning solutions and IT infrastructure management services to global customers.

Official website:http://www.ilfstechnologies.com/

Projects

IL&FS has several projects in different sectors including Transportation, Area Development, e-Governance, Health Initiatives, Cluster Development, Finance, Power, Ports, Water and Waste Water, Urban Infrastructure, Environment, Education, and Tourism.

In 2009, it became the new promoter of the Maytas Infra Ltd. and in January 2011, Maytas Infra was taken over by IL&FS and renamed to IL&FS Engineering and Construction Company Limited[4] In September 2009, it picked up a "significant minority stake" in the Reliance Industries' special economic zone project in Haryana.[5]

Awards

1. e-dhaRani Project of IL & FS Technologies Limited, Bhubaneswar won the World 2011 Awards for best Electronic Delivery of Services in the year 2011 in the Public Choice category.The Award was presented at Ashok Hotel, New Delhi on 2 August 2011 @ 6:00 pm

References

  1. "Infrastructure Leasing & Financial Services Limited: Private Company Information - BusinessWeek". Investing.businessweek.com. Retrieved 28 September 2010.
  2. "Direct Investments". Greenspring Associates. 2013-11-07. Retrieved 2013-11-07.
  3. "A2Z acquires IL&FS". Reuters. Retrieved 5 March 2012.
  4. C R Sukumar (1 September 2009). IL&FS may partner foreign firms to improve Maytas Infra position. livemint.com. Retrieved 2 September 2009.
  5. Arun Kumar (2 September 2009). RIL takes IL&FS on board for Haryana SEZ. The Economic Times. Retrieved 2 September 2009.

External links

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