What we do IITL Projects Limited operates in the real estate sector, primarily constructing residential complexes in the National Capital Region, India. |
Founded in 1,994 |
Market share A subsidiary of Industrial Investment Trust Limited with significant presence in NCR residential real estate but limited standalone operations currently. |
Problem solved Provides quality residential housing solutions in the NCR through development and joint ventures under government residential schemes. |
Top clients or who we serve Customers seeking residential flats in NCR; primarily B2C clientele. |
Key management Dr. Bidhubhusan Samal (Chairman), Bipin Agarwal (Director), Shriram Surajmal Khandelwal and Shankar Narayan Mokashi (Independent Directors). |
Our journey and innovations Started as an agro-based company, shifted to real estate in 2011-12, developed flagship projects like Express Park View I and obtained ISO 9001:2000 certification. |
Where we operate Primarily National Capital Region (NCR), India including Noida, Greater Noida and Yamuna Expressway areas. |
Top products or what we offer Residential flats under Builders Residential Scheme; completed projects like Express Park View I. |
Top brands Express Park View I - completed residential towers with 334 flats; partnership projects through SPVs. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely cyclical, dependent on real estate project completions and sales. |
Our industry position Moderate regional player with projects in NCR; exited most joint ventures limiting current footprint. |
Financial highlights Standalone FY25 revenue ₹20.7 lakh, net profit ₹31.47 crore (including exceptional items). |
Geographical revenue split Revenue primarily from NCR region residential projects. |
Order book - |
Whats driving growth Asset disposals, completion of ongoing projects and investment by parent company driving recent earnings. |
Our future plans Currently no standalone operations; evaluating strategic options and alliances for business revival. |
Our green promise - |
Our people and values Small workforce with focus on governance and compliance; management emphasizes ethical conduct. |
Key challenges ahead No going concern status, limited business activity, dependency on strategic revival plans. |
Interesting facts Transitioned from agriculture and jute trading to real estate; ISO 9001:2000 certified company. |
Risks and strategy Facing operational halt with asset valuation losses; exploring fee-based income and strategic partnerships for sustainability. |
