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What is the full form of IL&FS?

Full form of IL&FS: Here, we are going to learn about the IL&FS, full form of IL&FS, overview, infrastructure services, financial services, project, etc. By Anushree Goswami Last updated : April 4, 2024

IL& FS: Infrastructure Leasing & Financial Services

IL&FS is an abbreviation of Infrastructure Leasing & Financial Services. It is the largest infrastructure development and finance company in India. Its objective is to take part in the development and progress of the country by developing pioneering high standard infrastructure and offering advanced financial services to the client in India.

In 1987, it was founded and supported by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI). The current Chairman of IL&FS is Uday Kotak.

Image source: https://www.thestatesman.com/india/ilfs-default-nearly-junk-assets-risk-future-of-millions-of-armed-forces-1502737895.html

The total number of companies of IL & FS is around 250 groups which offer services in different sectors from 2011.

Following mentioned below are some of these sectors and their respective companies,

Infrastructure Services

• IL&FS Infrastructure Development Corporation Limited
• IL&FS Transportation Networks Limited: It is in charge of the development and execution of surface transport projects like highways, flyovers, bridges, etc.
• IL&FS Environmental Infrastructure & Services Limited
• IL&FS Education and Technology Services Limited for education infrastructure development.
• Noida Toll Bridge Company Limited (an SPV established to build, develop, work, function and maintain the DND Flyway to connect Noida with Delhi).

Financial Services

• IL&FS Financial Services Limited: The Investment Banking Arm of IL&FS
• IL&FS Investment Managers Limited
• ORIX Auto Infrastructure Services Limited
• IL&FS Trust Company Limited (ITCL)

Technology Services

• IL&FS Technology Ltd.

Projects

IL&FS has accomplished a variety of projects in diverse sectors like transportation, e-governance, power, finance, water, education, urban infrastructure, etc.

Following given below are some of its popular projects,

• The world's largest CDM power project in the North East was executed by the assistance and aid of IL&FS.
• India's first large-scale PPP water supply project and the world’s largest ZLD system.
• K-Yan: A portable multimedia device provided specifically in rural India to make possible community-learning.
• India's longest and safest road tunnel along the Jammu-Srinagar highway.
• A 300-year old water palace (Jal Mahal) in Rajasthan refurbished by the assistance and aid of IL& FS.

CSR

• Medical Care in Cuddalore through the static clinic and mobile medical unit.
  Offers Industrial Stitching Training to women.
• Helping women farmers in J&K through improved seeds, playhouses, drip irrigation systems, etc.
• Supporting hill agriculture through modern techniques like drip irrigation, vermicomposting, tray nurseries, and plastic mulching, etc.
• In the Himalayas in the catchment areas of its projects, installed solar lights in villages.
• Launched Digital Duniya project for the students of rural communities in the catchment areas of its project to bridge the digital gap between rural and urban students.