IL&FS Investment Managers Limited (IIML) was established as a Public Limited Company on February 10, 1986. It operates as a domestic private equity fund management firm, overseeing funds for prominent Indian and international institutions. As of March 31, 2023, Infrastructure Leasing & Financial Services Limited, the parent company, held a 50.42% stake in IIML. Originally founded in 1989 as Creditcapital Venture Fund (India), the company later changed its name to IL & FS Venture Corporation in 1997. Initially formed as a joint venture between Creditcapital Finance Corporation (CFC), Bank of India (BOI), and with equity participation from institutions like the Asian Development Bank (ADB) and the Commonwealth Development Corporation (CDC), the company later welcomed the International Finance Corporation (IFC) as a shareholder. Additionally, Lazard Ventures, a prominent venture capital firm in the UK, collaborates with IIML in providing technical assistance.
Primarily focusing on providing equity support to new projects, IIML aims for capital appreciation through the growth of its portfolio companies and eventual divestment. Its public offering in 1990 was oversubscribed by 12.09 times, and it launched the Information Technology Fund (ITF), the first industry-specific fund in India, with substantial subscriptions from various entities in the IT industry.
Furthermore, the company has capped its investments at 40% of the promoters' equity and a maximum of Rs 1 crore in a single company. It has plans for additional funds such as the Auto-Ancillary Fund (AAF) and the South-Asian Regional Apex (SARA) Fund to tap into emerging opportunities in various sectors.
Over the years, IIML has expanded its portfolio and operations, including the establishment of INVESO Pvt Capital Inc in 2001 and acquiring Saffron Asset Advisors Private Limited, which later became IIML Asset Advisors Private Limited.
With its consistent growth and strategic initiatives, IIML has achieved significant milestones, including managing funds for real estate and private equity sectors, expanding its assets under management (AUM) to USD 3.2 billion, and engaging in joint ventures to fund infrastructure projects in Africa and urban infrastructure projects in the state of Andhra Pradesh, demonstrating its commitment to innovation and sustainable development.
Primarily focusing on providing equity support to new projects, IIML aims for capital appreciation through the growth of its portfolio companies and eventual divestment. Its public offering in 1990 was oversubscribed by 12.09 times, and it launched the Information Technology Fund (ITF), the first industry-specific fund in India, with substantial subscriptions from various entities in the IT industry.
Furthermore, the company has capped its investments at 40% of the promoters' equity and a maximum of Rs 1 crore in a single company. It has plans for additional funds such as the Auto-Ancillary Fund (AAF) and the South-Asian Regional Apex (SARA) Fund to tap into emerging opportunities in various sectors.
Over the years, IIML has expanded its portfolio and operations, including the establishment of INVESO Pvt Capital Inc in 2001 and acquiring Saffron Asset Advisors Private Limited, which later became IIML Asset Advisors Private Limited.
With its consistent growth and strategic initiatives, IIML has achieved significant milestones, including managing funds for real estate and private equity sectors, expanding its assets under management (AUM) to USD 3.2 billion, and engaging in joint ventures to fund infrastructure projects in Africa and urban infrastructure projects in the state of Andhra Pradesh, demonstrating its commitment to innovation and sustainable development.
