IL&FS Investment Managers Limited (IIML), established in 1986, is a prominent Indian private equity fund management company. The company, initially known as Creditcapital Venture Fund (India), manages funds for leading Indian and international institutions. As of March 31, 2023, its holding company, Infrastructure Leasing & Financial Services Limited, owned 50.42% of its equity share capital. IIML's primary focus is on equity investments in new projects, seeking capital appreciation through growth and strategic divestment. The company has launched several specialized funds, including the Information Technology Fund and the Auto-ancillary Fund, and has expanded into international markets with initiatives like the Tara India Fund series.
IIML has a diverse portfolio and partnerships, including collaborations with multilateral and bilateral financial institutions like the Asian Development Bank and the International Finance Corporation. Over the years, it has expanded its assets under management (AUM) significantly, reaching USD 3.2 billion. Recent ventures include a joint venture with the Islamic Corporation for a Shariah-compliant infrastructure fund and a partnership with the Andhra Pradesh government for an Urban Infrastructure Fund. These strategic moves position IIML as a key player in both domestic and international investment landscapes.
