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.
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