IL&FS
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| Private limited company | |
| Industry | infrastructure development and finance |
| Founded | 1987 |
| Headquarters | Mumbai, Maharashtra, India |
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Key people
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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. Its projects includes the Asia's longest tunnel, Chenani-Nashri Tunnel, which was opened for traffic on 2 April 2017.
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.
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.
IL&FS has 256 group companies as of 2011, including subsidiaries, joint venture companies and associate entities. Some of them are listed below-
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.
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 In September 2009, it picked up a "significant minority stake" in the Reliance Industries' special economic zone project in Haryana.
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