The full form of ILFS is Infrastructure Leasing & Financial Services. It is the biggest infrastructure finance and growth company in India. Its objective is to promote the growth and prosperity of the country by creating cutting-edge, high-standard technology and offering customers in India cutting-edge financial solutions.
It was founded and funded by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC), and UTI in 1987. (Unit Trust of India).
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The Services IL&FS Provides
Around 250 organisations offering services across a range of industries make up the total number of IL & FS enterprises as of 2011. The companies that belong to some of these segments are listed below.
- Financial Services
- ITCL (IL&FS Trust Company Limited )
- ORIX Auto Infrastructure Services Limited
- IL&FS Financial Services Limited
- IL&FS Investment Managers Limited
- Technology Services
- IL&FS Technology Ltd.
- Infrastructure Services
- Noida Toll Bridge Company Limited
- IL&FS Environmental Infrastructure and Services Limited
- IL&FS Infrastructure Development Corporation Limited
- IL&FS Education and Technology Services
- IL&FS Transportation Networks Limited
Various IL & FS Projects
IL&FS has worked on various projects in several industries, including transportation, energy, e-governance, water, urban infrastructure, finance, and education. Here are a few of its notable initiatives.
- With the help of IL&FS, the largest CDM power project in the world was completed in the North East.
- The world’s most extensive ZLD programme and the first significant PPP water supply programme in India.
- Rural India offers a portable multimedia device to facilitate community learning.
- Along the Jammu-Srinagar highway is India’s longest and safest road tunnel.
- With the assistance of IL & FS, the 300-year-old water palace known as Jal Mahal was repaired in Rajasthan.
- Health Treatment in Cuddalore is provided by a stationary clinic and a mobile medical unit.
- Women receive industrial stitching training.
- Assisting female farmers in J&K by creating crops, playhouses, drip irrigation systems, etc.
- Encouraging the use of contemporary methods for hill farming, such as drip irrigation, vermicomposting, plastic mulching, tray nurseries, and so forth.
- In the Himalayan region, solar lights were installed in the catchment areas of the communities.