- Business
- Industrial Investment Trust Limited (IITL) is a non-banking financial company (NBFC) registered as a systemically important non-deposit taking entity with the Reserve Bank of India, primarily engaged in investment activities and lending services in India. The company invests in equity shares, both quoted and unquoted; units of mutual funds; fixed deposits with banks; treasury bills; government securities; inter-corporate deposits; and loans to group companies; while also providing lending products including loans against property for residential and commercial assets, lease rental discounting to leverage rental income from commercial properties, loans against securities to access funds without liquidating portfolios, and corporate loans for business expansion. It operates across segments such as investment activities, real estate development through subsidiaries like Indo Green Projects Limited, insurance broking via IIT Insurance Broking and Risk Management Private Limited, and investment brokerage services; with subsidiaries including IIT Investrust Limited and IITL Projects Management Private Limited focused on real estate and infrastructure.
Founded in 1933 and headquartered in Mumbai, India, IITL maintains its listing on the Bombay Stock Exchange and targets institutional, corporate, and individual clients in the financial services sector nationwide. The company holds prime properties and undertakes private equity and margin funding, supported by a committee that oversees investments and resource deployment.
In recent developments, promoter group entity Nimbus India Limited increased its stake in IITL from 16.97% to 17.49% through the acquisition of 103,000 equity shares on December 4, 2025, elevating the overall promoter group holding to 53.90%; this followed a prior purchase of 100,000 shares on November 26, 2025. Vikas Lifecare Limited, Advik Capital Limited, and Vikas Garg entered into an agreement to acquire a 26% stake in the company for INR 1.6 billion. Earlier, in 2023, the company launched The Golden Palm Village - AEROCITY, featuring 702 studio apartments, 376 low-rise apartments, and 44 commercial units, expanding its real estate footprint.