- Business
- The Investment Trust of India Limited (TITIL) is a financial services conglomerate providing a comprehensive range of products and services including lending; equities and derivatives trading; equity research; commodities trading; portfolio management services; distribution of mutual funds, initial public offerings (IPOs) and insurance products; and investment banking services such as initial public offerings, rights issues, qualified institutional placements, preferential allotments, non-convertible debentures on private placement basis, global depository receipts, buybacks, delistings and open offers.
The company operates primarily in the Indian financial markets, serving institutional investors, high-net-worth individuals, retail clients and mid-sized corporates across sectors including pharmaceuticals, healthcare, consumer discretionary and information technology; it manages the ITI Long-Short Equity Fund, a SEBI-registered Category III Alternative Investment Fund launched in April 2018 aimed at outperforming the Nifty index while protecting capital.
Incorporated on June 14, 1991, by Mr. J.T. Poonja and Mr. Nimish C. Shah as a non-banking financial company (NBFC) under the former name Fortune Financial Services (India) Limited, TITIL is headquartered at ITI House, 36 Dr. R. K. Shirodkar Marg, Parel, Mumbai, India.
In recent years, the company has focused on strengthening its alternative investment offerings through its long-short equity fund operational for over seven years; it maintains investments in subsidiaries totaling around Rs. 12 crores and has a promoter holding of 72.1%, with Mr. Sudhir Valia as a key figure following his acquisition of the group.