IITL PROJECTS LIMITED (IITLPL) , a BSE listed Company was acquired
by IITL in the year 2008. IITLPL is engaged in Real Estate business, construction
of residential complexes in the National Capital Region ((NCR). It has acquired
plots of land on long term lease, under Builders Residential Scheme (BRS) of the
Greater Noida Industrial Development Authority (GNIDA), New Okhala Industrial Development
Authority (NOIDA) and Yamuna Expressway Authority (YEA).
Apart from constructing its own project, IITLPL has also undertaken project through
Special Purpose Vehicle (SPV) and private limited company. The total lease hold
area allotted to the Company along with SPV’s is around 2,65,000 sq. meters.
IIT Insurance Broking and Risk Management Private Limited (IBRMPL),
the wholly owned subsidiary of IITL, has secured regulatory License for carrying
on Direct Insurance Broking for life and non life segment. IBRMPL seeks to provide
the best insurance solutions for both life and general at a competitive cost with
the focus on insurance needs of the clients.
IIT Investrust Limited is a wholly-owned subsidiary of IITL.
It provides a wide range of financial services including Equity Trading in BSE &
NSE, depositary services, business consultancy, investment advisory, Mutual Fund
Distribution and allied services. Soon it is planning to introduce trading on international
bourses, Fundamental, Technical and Quantitative research report on domestic and
international companies, online trading and investment services.
IITL Corporate Insurance Services Private Limited
In January 2014, the Company incorporated a wholly owned subsidiary namely IITL
Corporate Insurance Services Private Limited (IITLCISPL) to undertake the business
of Insurance (Life) as a Corporate Agent with Future Generali India Life Insurance
Company Limited subject to the approval of Insurance Regulatory and Development
IITL Marketing Management Private Limited (formerly known as IIT Media and
Entertainment Private Limited).
Pursuant to the application filed by the Company under ‘Fast Track Exit, 2011’ for
striking of its name from the Register of Companies under Section 560 of the Companies
Act, 1956, the Company’s name has been struck off from the Register of Companies
w.e.f. October 25, 2016 and the said Company stands dissolved.