IL&FS Investment Managers (IIML), a subsidiary of Infrastructure Leasing & Financial Services (IL&FS), is one of the oldest and largest private equity fund managers in India. IIML has been an early and in many instances, the first investor across various sectors such as Telecom, City Gas Distribution, Shipyards, Retail, and Media. Funds managed by IIML now span General Purpose Private Equity, Real Estate and Infrastructure.

Investors to IIML managed Funds include most of the major Indian Banks & Institutions, and marquee Global Institutional Investors including major U.S. Pension Funds, Endowments, Foundations and SWF’s. IIML is listed on the National Stock Exchange and The Bombay Stock Exchange. The company was incorporated under the Companies Act, 1956 on February 10, 1986.

Business area of the company 

IIML is a domestic private equity fund management company which manages funds on behalf of leading Indian and International Institutions. 

Verticals of the company 

Private Equity: IIML has been a seasoned provider of Private Equity capital to companies across sectors. Starting with the AIG India Sectoral Equity Fund in late 90’s, when IIML became the earliest investors into the then nascent retail sector, IIML’s Private Equity practice has led investments across a range of sectors – sunrise areas like pharmaceutical research, high-end telecom technology product development, media production services, technology led CRM and news services to traditional sectors such as textiles, drug manufacturing, construction, processed foods, component and tool fabrication and hotels.

Real Estate: Recognizing the latent potential and investment needs of the real estate sector, IIML was among the first to take advantage of the sector opening up to foreign investment. IIML established the first real estate focused fund -IL&FS India Realty Fund I in 2005, well before the entry of most of the Real Estate players; well before the start of the real estate cycle.

Infrastructure: Given its parentage, IIML undertook unique and path breaking investments in the infrastructure space. IIML emerged as one of the first investors in infrastructure in late 1990s when it invested in the telecom space through the $91 million AIG Indian Sectoral Equity Fund (AISEF). This was followed by other ‘firsts’ – first road sector investment, first energy investment, first in the rail sector.

InvIT: IIML Asset Advisors (IAAL), a wholly owned subsidiary of IL&FS Investment Managers has been appointed as an Investment Manager for providing investment management services to the InvIT (Infrastructure Investment Trusts). The InvIT has, on December 7, 2016, received certificate of registration as an Infrastructure Investment Trust from the Securities and Exchange Board of India.