InvestorQ : IL&FS has been too much in the news recently. What is it?
Kunal Verma made post

IL&FS has been too much in the news recently. What is it?

Answer
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seema Upadhyaya answered.
2 years ago


Infrastructure Leasing & Finance Services, or IL&FS as it is popularly known is an investment company that was floated by various government-controlled entities including Central Bank of India, Unit Trust of India and the Housing Development Finance Corporation. The company was floated in the 1980s.

The company was founded to finance infrastructure projects and picked up significantly due to the boom in Indian infrastructure space. In fact, IL&FS was one of the biggest beneficiaries of Prime Minister Narendra Modi’s infra drive to build affordable housing, highways, roads, tunnels and renewable power generation capacities across India.