Innovassynth Investments Limited (IIL), incorporated on February 15, 2008, functions as an investment company. Initially engaged in custom synthesis and the manufacturing of specialty chemicals, IIL was promoted by Futura Polyesters Limited (FPL) with a starting capital of Rs. 5 lakhs. The company's primary objective was to acquire equity shares of Innovassynth Technologies (India) Limited (ITIL), an associate company, through a Scheme of Arrangement with FPL and its shareholders. Currently, IIL holds a significant 31.79% stake in ITIL, positioning it predominantly as an investment entity.
