WELCOME TO IIT LIMITED

Industrial Investment Trust Limited (IITL) , was incorporated in the year 1933 as an investment trust company. IITL sought to provide its shareholders an expert advice on investment portfolio. Original subscribers to the paid up capital included prominent members of the financial community in India and England, including Insurance Companies such as Prudential, United and Oriental and some of the most princely families in India. IITL is listed on Bombay Stock Exchange Limited (BSE) and The National Stock Exchange of India Limited (NSE).

IITL obtained Certificate of Registration from Reserve Bank of India in the year 2000 to carry on as a Non Banking Financial Company (NBFC) without accepting Public Deposits. The main objectives of the holding company are to carry on the business as an Investment Company and to invest in shares, stock, debentures and bonds. The Company also undertakes activities such as Private Equity and Margin Funding and holds prime properties. The Company has been consistently paying dividend to the shareholders over the years and also made Bonus Issue three times.

The Company presently has four Subsidiaries, an Associate Company and a Joint Venture.

SUBSIDIARIES OF IITL

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.

IITL Management and Consultancy Private Limited, (Formerly known as IIT Insurance Broking and Risk Management Private Limited), IIT Insurance Broking and Risk Management Pvt. Ltd. filed application with IRDAI for surrender of Insurance broking license, IRDAI granted approval to the company. Upon surrender of license the company changed its object clause and the name. It is now known as IITL Management and Consultancy Private Limited.

IIT Investrust Limited The company is no longer in the stock broking business and surrendered its stock broking & DP license with BSE, NSE, CDSL and SEBI respectively.

IITL Corporate Insurance Services Private Limited
Subsequently the Company had made an application under the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016’ for Removal of name of the Company from the Register of Companies. Ministry of Corporate Affairs has struck off the company with effect from August 23, 2021. The company stands dissolved.

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.

ASSOCIATE

World Resorts Limited (WRL)
IITL has acquired 25% stake in equity of an unlisted public company, World Resorts Limited, which is into the business of hospitality and owns and operates a five star hotel by the name “Golden Palms Hotel & Spa” at Tumkur Road, Bangalore. It also manages and operates hotels under the brand “Golden Palms”.

Website : www.goldenpalmshotel.com

JOINT VENTURE

Future Generali India Life Insurance Company Limited (“FGILICL”)
IITL has acquired 22.50% stake in the equity of FGILICL which is into the business of Life Insurance. The other major shareholders are Participatie Maatschappij Graafschap Holland NV and Future Group.