What we do IL&FS Investment Managers Limited manages private equity and infrastructure funds, providing equity support and asset management for infrastructure and real estate projects, mainly in India. |
Founded in 1,986 |
Market share A leading domestic private equity fund manager with USD 3.2 billion assets under management as of 2025, specializing in infrastructure and real estate sectors. |
Problem solved Facilitates capital access and growth for infrastructure projects and real estate, enabling long-term investment and development in urban infrastructure and private equity space. |
Top clients or who we serve Serves leading Indian and international institutions, government entities, and private equity investors through fund management and asset advisory services. |
Key management Includes Chairman Mr. Chitranjan Singh Kahlon and Executive Director Ms. Lubna Usman, with proven leadership in investment management. |
Our journey and innovations Founded in 1986, went public in 1990, expanded through multiple specialized funds and subsidiaries, and entered joint ventures including smart city financing and Shariah-compliant funds. |
Where we operate Primarily India, with subsidiaries and joint ventures in Mauritius and Singapore, and investments targeting South Asia and African infrastructure sectors. |
Top products or what we offer Infrastructure Debt Funds, Private Equity Funds like Tara India Funds, Urban Infrastructure Asset Management, and Real Estate Fund management services. |
Top brands IL&FS India Realty Fund II, Tara India Funds III & IV, IL&FS Infrastructure Debt Fund (IDF), Andhra Pradesh Urban Infrastructure Fund. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from fee-based fund management and advisory services; tends to be recurring with cyclical investment and divestment activity. |
Our industry position Among top Indian infrastructure private equity managers with strong foothold in urban and infrastructure asset classes, backed by IL&FS group. |
Financial highlights Consolidated revenue approx. Rs 46.64 crore with net profit around Rs 13.15 crore as of FY2024-25; managing funds worth USD 3.2 billion. |
Geographical revenue split Revenue primarily from India (over 99%), minimal from outside India. |
Order book - |
Whats driving growth Growing infrastructure funding needs, government partnerships for urban projects, successful fund raisings, and divestment gains. |
Our future plans Focus on strategic divestments, expanding fund management especially in infrastructure debt and urban infrastructure, and joint ventures for new markets. |
Our green promise Commits to sustainable urban infrastructure and smart city projects, aligning with environmental, social governance goals. |
Our people and values Emphasizes integrity, transparency, and skilled professional management with diversity and inclusion policies in place. |
Key challenges ahead Brand impact from IL&FS group investigations, market volatility affecting fundraising and exits, regulatory compliance complexities. |
Interesting facts First to float an industry-specific Information Technology Fund; joint ventures for Shariah-compliant funds in Africa and urban infrastructure in Andhra Pradesh. |
Risks and strategy Managing reputational risk from parent group issues by focusing on portfolio divestments, enhancing governance, and maintaining investor confidence. |
