Infrastructure Leasing & Financial Services Limited (IL&FS) is an India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

n infrastructure development and finance company.

History

IL&FS was originally promoted by the Central Bank of India

Central Bank of India

Central Bank of India , a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai...

, Housing Development Finance Corporation

Housing Development Finance Corporation

Housing Development Finance Corporation Limited or HDFC , founded 1977 by Hasmukhbhai Parekh, is an Indian NBFC, focusing on home mortgages. HDFC's distribution network spans 283 outlets that include 66 offices of HDFC's distribution company and HDFC Sales Private Limited.In addition, HDFC covers...

 (HDFC) and Unit Trust of India

Unit Trust of India

Unit Trust of India is a financial organization in India.Unit Trust of India was created by the UTI Act passed by the Parliament in 1963. For more than two decades it remained the sole vehicle for investment in the capital market by the Indian citizens. In mid- 1980s public sector banks were...

 (UTI). Currently, its institutional shareholders include State Bank of India

State Bank of India

The State Bank of India is the largest Indian banking and financial services company with its headquarters in Mumbai, India. It is state-owned. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest...

 (SBI), Life Insurance Corporation of India

Life Insurance Corporation of India

The Life Insurance Corporation of India is the largest state-owned life insurance company in India, and also the country's largest investor. It is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government's expenses. It has assets estimated of...

 (LIC), ORIX

ORIX

is a financial services group established 17 April 1964 as Orient Leasing Co., Ltd.. The company's name was changed to ORIX Corporation in 1989...

 and Abu Dhabi Investment Authority

Abu Dhabi Investment Authority

The Abu Dhabi Investment Authority is a sovereign wealth fund owned by Abu Dhabi, United Arab Emirates founded for the purpose of investing funds on behalf of the Government of Abu Dhabi....

.

Group companies

IL&FS has 56 group companies as of 2009, including subsidiaries, joint venture companies and associate entities. Some of them are listed below-

Infrastructure Services

• IL&FS Infrastructure Development Corporation Limited: advisory and project development
• IL&FS Transportation Networks Limited: involved in the development and implementation of projects related to surface transport (highways, flyovers, bridges and roads)
• IL&FS Ecosmart Limited (focuses on environmental sector, and provides consulting services)
• IL&FS Education and Technology Services Limited (education infrastructure development)
• New Tirupur Area Development Corporation Limited (an SPV
  Special purpose entity
  A special purpose entity is a legal entity created to fulfill narrow, specific or temporary objectives...
  
   to implement the Tirupur
  Tirupur
  Tiruppur pronounced as is a textile city located on the banks of Noyyal River. It is also called Dollar city. It is the administrative headquarters of the Tiruppur district. It forms a part of the ancient Kongu Nadu region of South India, where its people were the first to establish territorial...
  
   Area Development Programme)
• Noida Toll Bridge Company Limited (an SPV
  Special purpose entity
  A special purpose entity is a legal entity created to fulfill narrow, specific or temporary objectives...
  
   to develop, construct, operate and maintain the DND Flyway connecting Delhi
  Delhi
  Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
  
   with Noida
  Noida
  Noida , short for the New Okhla Industrial Development Area, is an area in India under the management of the New Okhla Industrial Development Authority . Noida came into administrative existence on 17 April 1976 and celebrates 17 April as "Noida Day". It was set up as part of an urbanization...
  
  )

Financial Services

• IL&FS Financial Services Limited (Investment Banking Arm of IL&FS)
• IL&FS Investment Managers Limited (domestic private equity fund management)
• ORIX Auto Infrastructure Services Limited (services related to transport finance and transport infrastructure)
• IL&FS Trust Company Limited - ITCL (Services : * Debenture and Bond Trusteeship * Trusteeship and Investor Representative for Securitised Paper * Services as Security Trustee and Facility Agent * secure document management, sacanning, processing, Records management solution * Para Legal Services )

Technology Services

• IL&FS Technologies Ltd. (IT Arm of IL&FS group)

>>IL&FS Technologies(Now renamed as ITL) is the IT Branch of Il&FS Group.It is mainly involved in deploying resources and providing integrated solutions across diverse domains like IT Consulting, software development and facilities management services.


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 overtaken 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

Reliance Industries

Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...

' special economic zone

Special Economic Zone

A Special Economic Zone is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws...

 project in Haryana

Haryana

Haryana is a state in India. Historically, it has been a part of the Kuru region in North India. The name Haryana is found mentioned in the 12th century AD by the apabhramsha writer Vibudh Shridhar . It is bordered by Punjab and Himachal Pradesh to the north, and by Rajasthan to the west and south...

.

Awards

1. E- DhaRani project of IL & FS Technologies Limited, BBSR has bagged the e 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 2nd August 2011 @ 6:00 P.M

See also

Video Case Study on Skills for Employment in Apparel Manufacturing(SEAM)- Employment based Program for youths by IL&FS & supported by Ministry of Rural Development (India)

Ministry of Rural Development (India)

The Ministry of Rural Development, a branch of the Government of India, is entrusted with the task of accelerating the socio-economic development of rural India. Its focus is on health, education, drinking water, housing and roads.-History:...

, Government of India.(Courtsey SKOCH)

External links

• IL&FS Official website
• IL&FS technologies Official WebPage