- Business
- Industrial Investment Trust Limited (IITL) is a systemically important non-deposit taking non-banking financial company (NBFC) that engages in investment activities, private equity, margin funding, and property holding in India. The company invests in equity shares (quoted and unquoted), mutual funds, fixed deposits with banks, government securities, debentures, bonds, stocks; provides loan against securities, lease rental discounting, and loan against properties; and undertakes consultancy and brokerage services. Through its subsidiary IITL Projects Limited, it operates in real estate development and infrastructure activities. IITL serves corporate clients, investors, and homebuyers primarily in Tier 1 and Tier 2 cities across India, with headquarters in Mumbai and listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Founded in 1933 as an investment trust, IITL obtained NBFC registration from the Reserve Bank of India in 2000 and has consistently paid dividends while issuing bonus shares three times. The company maintains a diversified portfolio of approximately INR 405 crore as of September 2024, with significant exposure to real estate and other industrial sectors.
In recent developments, IITL announced plans in November 2024 to launch a Category I Alternative Investment Fund (AIF) with a INR 500 crore target corpus focused on residential and commercial real estate investments in partnership with Grade A developers. It is also establishing a new housing finance subsidiary to provide accessible financing for homebuyers and property upgraders. Promoter group entity Nimbus India Limited increased its stake in IITL to 17.49% through open market purchases of 103,000 shares on December 4, 2025, and 100,000 shares on November 26, 2025, elevating overall promoter holding to 53.90%. Additionally, Vikas Lifecare Limited, Advik Capital Limited, and Vikas Garg signed an agreement to acquire a 26% stake for INR 1.6 crore.