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About Us

We Established Since 1933 to Safeguard Your Wealth

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.

Board of Directors

Mr. Bipin Agarwal
Non-Independent & Non-Executive Director

He is a qualified Company Secretary, is a first generation entrepreneur with extraordinary business acumen and entrepreneurial spirit who has excelled in building, fostering and leading a number of organizations in India. Under his stewardship, the group has been managing wide-ranging advisory, consulting and syndication services for the corporate. Mr. Bipin Agarwal, Promoter Director of IITL Group, has an illustrious career spanning over 25 years in business including finance and management expressly portfolio management and administration. He has an abounding experience in fund raising both equity and debt. He has expertise in financial & corporate structuring, mergers & acquisitions.

Mr. Milind S. Desai
Independent Director

He is a Chartered Accountant. He has graduated in Commerce and also in General Indian Laws and holds B.Com and LL. B. (Gen.) degrees from the University of Bombay. He has more than 28 years of experience in the fields of Merchant Banking, Finance & Accounts, Taxation, Corporate Re-structuring, etc.

Mr. Venkatesan Narayanan
Independent Director

He has over 26 years of experience in senior management having worked with leading consulting companies and has experience spread over venture management / TEFS / Commercial due diligence and also in facilitating financial closure in respect of infrastructure projects, including interacting with funding institutions and banks. He has consulting expertise in the infrastructure arena, having been associated with several projects covering roads and bridges, power, tourism and urban infrastructure. He is presently a free-lance consultant and is advising a few Corporate.

Ms. Sujata Chattopadhyay
Independent Director

A fellow member of the Institute of Cost Accountants of India and the Institute of Company Secretaries of India, Sujata Chattopadhyay is a registered Insolvency Professional with over 29 years post qualification experience. Starting her career as a Cost Accountant, she has worked across various industries and geographies. Presently in full time practice as a Company Secretary, Sujata was a whole time director with Choice Capital Advisors Private Limited, a Merchant Banking company. She is an independent director at Polygenta Technologies Limited, Arysta LifeScience India Limited, Steel Exchange India Limited and Vakrangee Limited.

Mr. S.N. Mokashi
Non-Independent & Non-Executive Director

He was retired from LIC of India w.e.f. 01.01.2022 but continues to represent LIC of India as a Nominee Director. He carries with him more than 35 years of experience of Life Insurance Industry in India. During his tenure with LIC he has worked across functions viz. Information Technology, Pension & Group Schemes, Personnel Department, CRM Department, Estate Department in LIC. He has keen interest in IT functions and spent major part of his career on the IT side wherein he was instrumental in adopting as well as developing various IT package viz. Feap, ODS and Online Premium collections through Customer Portal to enhance customer centricity and improve functionality. He also headed IT function of LIC Housing Finance as General Manager wherein he had implemented two main IT packages Kastle and Orion to take care of the Loan Processing and Accounting part of LIC HFL. During his tenure as Executive Director, Investments (RMR) he implemented IT package for Enterprise Risk Management.

Management Team

Dr. B Samal
Non Independent Executive Chairman

He is the Executive Chairman of the Company. He has a Ph D in Economics and is also a Gold Medalist in M.Sc (Agricultural Economics). He is a Post Graduate Diploma holder in Bank Management. He has served as the Chairman & Managing Director of Allahabad Bank and as the Chairman & Managing Director of Industrial Investment Bank of India. He has also been a member of the Securities Appellate Tribunal (SAT).

Mrs. Cumi Banerjee
CEO (Secretarial, Legal and Administration) & Company Secretary

Started corporate journey with a Multi-National Company (MNC) USA based as Statistician. Thereafter was promoted as Company Secretary, worked for 17 years. Subsequent to that practised as Advocate, Mumbai High Court. Currently working at IITL Group as Chief Executive Officer & Company Secretary from last 21 years.

Corporate & Registered Office

Industrial Investment Trust Limited (IITL)

Office No. 101A, B wing,"The Capital",
G-Block, Plot No.C-70, Bandra Kurla Complex,
Bandra (East), Mumbai - 400051.

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