Industrial Investment Trust (IITL), incorporated in 1933, is a Mumbai based investment company. The company is an investment company with a long-term view of its portfolio. The investment portfolio is well diversified and it also trades in futures and options.
The market value of the company`s investments as on March 31, 2007 was Rs 550.26 million. During the year the company purchased securities of various companies with a book value of Rs 1,425.5 million and sold securities with a book value of Rs 1,644.2 million.
The registered office is located at 14E, Rajabahadur Mansion, 2nd Floor, 28, Bombay Samachar Marg, Fort, Mumbai-400001.
Business areas of the company:
The Group's principal activity is to provide investments and corporate services. The Group operates in four segments: Investment activities, Consultancy Services, Brokerage Services and Other Services.
Subsidiaries of the company:
• IIT Corporate Services and • IIT Invest trust
• 1933 The Company was incorporated in 1933 at Mumbai. The Company carries on the business of investment and leasing. • 1987 Industrial Investment Trust Corporate Services, became a subsidiary of the Company. • 1988 IIT Capital Services, was promoted as a subsidiary of the Company. This subsidiary would undertake leasing, hire-purchase and other finance related activities. 15 forfeited equity shares reissued to employees. Another 15 shares were issued to employees to make the subscribed capital Rs 200,00,000. • 1991 1,00,000 bonus shares issued in the propotion of 1:2. • 1992 The Company was registered with SEBI as category 1 Merchant Banker. The Company promoted jointly with a team of professionals a new company called IIT Investment Trust, to provide consultancy/advisory services, based on its research capabilities, to a broad spectrum of capital market participants. The Company proposed to subdivide the existing Rs 100 equity share into Rs 10 equity share. • 1993 The Company established itself in the field of lease/hire purchase business, bill discounting and short term money market. The Company acts as Debenture Trustees to Ambalal Sarabhai Enterprises, Hindustan Ferodo, The Stock Exchange, Mumbai, Star Industrial & Textile Enterprises, and J.K.Cotton Spinning & Weaving Mills Co. 2,00,000 bonus shares issued in proportion of 2:3. • 1995 Equity shares of Rs 100 each subdivided into shares of Rs 10 each. • 1996 50,00,000 bonus shares issued in proportion 1:1.
• 2008The Group acquired Indo Green Projects.