IIML

Mumbai, India Founded: 1989 • Age: 37 yrs Listed
Investments in multiple sectors are managed via private equity.

About IIML

IIML is a publicly listed company based in Mumbai (India) founded in 1989. Investments in multiple sectors are managed via private equity. The company has 16 employees. Its chief executive, as recorded, is Manoj Borkar. Its Indian entity Il & Fs Investment Managers Limited reported revenue of ₹65.63 Cr. IIML offers products and services including Private Equity Fund Management and Real Estate and Infrastructure Fund Management. Its focus areas include Investment Industry, Private Equity Funds and Growth Equity.

Company details

Founded in 1989, IIML operates as a private equity firm based in Mumbai, India. Investments are directed across various sectors, with a focus on identifying and supporting opportunities in diverse industries. Core activities include capital allocation and portfolio management, serving institutional and high-net-worth investors. The firms domain, iimlindia.com, facilitates operations within the Indian market and beyond. Leadership comprises experienced directors and partners overseeing strategic decisions.

  • Headquarters Mumbai, India
  • Employees 16
  • Stage Public
  • Sectors
    Financial Services
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website iimlindia.com
  • Legal Name Il&Fs Investment Managers Ltd.
Key Metrics
  • Market Cap
    ₹250 Cr

    IVC · NSE

  • Share Price
    ₹7.86

    -1.38% today

  • Revenue
    ₹64.47 Cr

    FY 2025-26 · +46.5% YoY

  • EBITDA
    ₹8.03 Cr

    Margin 12.5%

  • Net Profit
    ₹3.86 Cr

    FY 2025-26 · -70.6% YoY

  • P/E (TTM)
    53.4x

    P/B 1.4x

  • ROE
    2.4%

    ROCE 4.5%

  • Employee Count
    16

Products & Services of IIML

IIML offers a comprehensive portfolio of products and services, including Private Equity Fund Management and Real Estate and Infrastructure Fund Management.

Private Equity Fund Management
Financial Services

Private equity funds are managed by IL&FS Investment Managers Limited across various sectors

Real Estate and Infrastructure Fund Management
Financial Services

Real estate and infrastructure funds are managed by IL&FS Investment Managers Limited as part of its investment portfolio

Board of directors of Il & Fs Investment Managers Limited (IIML)

Il & Fs Investment Managers Limited is the primary company behind IIML. The board of Il & Fs Investment Managers Limited currently have 6 directors; the longest-serving is Chitranjan Singh Kahlon, appointed in 2018. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Chitranjan Singh Kahlon
DIN 02823501
Director28 Aug 20188 yrs 2 moIl & Fs Investment Managers Limited
Priya Prempal Shetty
DIN 08858814
Nominee Director11 Nov 20205 yrs 11 moIl & Fs Investment Managers Limited
Lubna Ahmad Usman
DIN 08299976
Whole-time director12 Feb 20215 yrs 8 moIl & Fs Investment Managers Limited
Munish Kumar Saraogi
DIN 10422742
Director01 Apr 20242 yrs 7 moIl & Fs Investment Managers Limited
Gaurav Khungar
DIN 10802649
Nominee Director14 Nov 20241 yr 11 moIl & Fs Investment Managers Limited
Jayashree Ramaswamy
DIN 02235205
Additional Director13 Feb 20268 moIl & Fs Investment Managers Limited

People of IIML

9 people are tracked at IIML (9 in leadership); the tracked headcount is 16.

NameRoleGroup
Board Member & Independent DirectorLeadership
DirectorLeadership
DirectorLeadership
Kamalesh Sarangi
Managing PartnerLeadership
DirectorLeadership
COOLeadership
Sanjay Mitra
Senior Managing PartnerLeadership
Managing DirectorLeadership
Manoj Borkar
CEO & CFOLeadership
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Complete people profiles for IIML

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  • Team structure
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IPO & Listings of IIML

IIML is a publicly listed company on the NSE with ticker symbol IVC in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date25 Oct 2000
  • Listed onNSE: IVC
  • Listed entityIL&FS Investment Managers Ltd.
  • Exchange sectorFinance
  • ISININE050B01023
  • Share price₹7.97 (-0.25% on the day) · 2026-10-14
  • Market capitalisation₹252 Cr
  • Price to earnings50.8
  • EPS (diluted, trailing year)₹0.16
  • Dividend yield14.93%
  • Volume (last session)93,114

Financials of IIML

Exchange-reported figures of Il & Fs Investment Managers Limited, the listed company behind IIML (NSE: IVC).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹64.47 Cr
+46.5% YoY
EBITDA
₹8.03 Cr
-33.8% YoY
Profit After Tax
₹3.86 Cr
-70.6% YoY
Net Worth
₹191 Cr
-7.0% YoY
Total Assets
₹212 Cr
-6.4% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue64.4744.0165.0075.1056.3456.8744.86
Revenue growth+46.5%-32.3%-13.5%+33.3%-0.9%+26.8%-
EBITDA8.0312.1314.4318.2114.388.41(23.05)
EBITDA margin+12.5%+27.6%+22.2%+24.3%+25.5%+14.8%-51.4%
Profit before tax9.0014.6315.6021.6215.269.86(19.86)
Net profit3.8613.1410.1111.937.787.87(13.87)
Net profit margin+6.0%+29.9%+15.6%+15.9%+13.8%+13.8%-30.9%
EPS (₹)0.120.420.320.380.250.25(0.44)
Balance sheet
Total assets212226222237230223234
Net worth191205202216211210222
Total debt0.000.000.000.000.000.000.00
Cash & bank85.03136140154193178163
Net working capital130170167175207191184
Cash flow
Cash from operations21.42(8.90)(6.10)(0.48)6.4310.74(22.59)
Cash from investing1.4220.6529.55(29.24)(12.17)(8.24)42.30
Cash from financing(25.53)(21.98)(27.72)(16.09)(9.42)(18.84)(9.92)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue14.608.1735.216.737.175.807.588.52
Revenue growth (YoY)+103.6%+40.9%+364.5%-21.0%+37.9%-25.4%--
Other income1.364.462.671.843.873.097.455.22
EBITDA5.69(1.52)3.77(4.63)1.09(2.60)1.25(0.56)
EBITDA margin+39.0%-18.6%+10.7%-68.8%+15.2%-44.8%+16.5%-6.6%
Depreciation0.060.060.050.040.040.050.050.06
Interest0.000.000.000.000.000.000.000.00
Profit before tax6.992.886.39(2.83)4.920.448.654.60
Tax1.671.662.450.091.470.20(4.02)0.88
Net profit5.321.223.94(2.92)3.450.2412.673.72
EPS (₹)0.100.060.07(0.06)0.090.030.390.10
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue55.299.0032.0234.9223.0113.9926.19
Revenue growth+514.3%-71.9%-8.3%+51.8%+64.5%-46.6%-
EBITDA47.93(1.58)22.6023.3810.79(4.40)8.95
EBITDA margin+86.7%-17.6%+70.6%+67.0%+46.9%-31.5%+34.2%
Profit before tax47.92(1.56)22.5723.6212.05(4.42)11.40
Net profit47.92(2.23)22.5323.9412.51(2.81)7.87
Net profit margin+86.7%-24.8%+70.4%+68.6%+54.4%-20.1%+30.1%
EPS (₹)1.53(0.07)0.720.760.40(0.09)0.25
Balance sheet
Total assets11490.5511511310197.72119
Net worth11490.5511511310197.72119
Total debt0.000.000.000.000.000.000.00
Cash & bank2.435.5915.472.1923.4410.6512.14
Net working capital7.5110.6820.776.2726.3412.8813.32
Cash flow
Cash from operations(7.14)(7.84)(10.07)(7.85)(4.20)(6.93)1.18
Cash from investing28.4319.9335.215.1521.3729.1412.20
Cash from financing(24.49)(21.98)(25.12)(12.56)(9.42)(18.84)(9.92)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.000.000.000.000.000.000.000.00
Revenue growth (YoY)-----100.0%-100.0%--
Other income0.270.4023.460.6730.561.453.113.71
Total expenses1.801.791.542.262.751.662.102.16
EBITDA(1.80)(1.79)(1.54)(2.26)(2.75)(1.66)(2.10)(2.16)
Depreciation0.000.000.000.000.000.010.000.01
Interest0.000.000.000.000.000.000.000.00
Profit before tax(1.53)(1.39)21.92(1.59)27.81(0.22)1.011.54
Tax0.000.000.000.000.000.000.360.13

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue14.608.1735.216.737.175.807.588.52
Revenue growth (YoY)+103.6%+40.9%+364.5%-21.0%+37.9%-25.4%--
Other income1.364.462.671.843.873.097.455.22
EBITDA5.69(1.52)3.77(4.63)1.09(2.60)1.25(0.56)
EBITDA margin+39.0%-18.6%+10.7%-68.8%+15.2%-44.8%+16.5%-6.6%
Depreciation0.060.060.050.040.040.050.050.06
Interest0.000.000.000.000.000.000.000.00
Profit before tax6.992.886.39(2.83)4.920.448.654.60
Tax1.671.662.450.091.470.20(4.02)0.88
Net profit5.321.223.94(2.92)3.450.2412.673.72
EPS (₹)0.100.060.07(0.06)0.090.030.390.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue64.4744.0165.0075.1056.3456.8744.86
Revenue growth+46.5%-32.3%-13.5%+33.3%-0.9%+26.8%-
Other income1.162.751.423.601.091.763.80
Total expenses56.4431.8850.5756.8941.9648.4667.91
Employee cost9.1110.9512.9315.3216.8817.2922.84
EBITDA8.0312.1314.4318.2114.388.41(23.05)
EBITDA margin+12.5%+27.6%+22.2%+24.3%+25.5%+14.8%-51.4%
Depreciation0.190.250.250.190.210.310.61
Interest0.000.000.000.000.000.000.00
Profit before tax9.0014.6315.6021.6215.269.86(19.86)
Tax4.220.393.554.622.150.28(0.17)
Net profit3.8613.1410.1111.937.787.87(13.87)
Net profit margin+6.0%+29.9%+15.6%+15.9%+13.8%+13.8%-30.9%
EPS (₹)0.120.420.320.380.250.25(0.44)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital62.8162.8162.8162.8162.8162.8162.81
Reserves & surplus128142140154148147160
Shareholders' funds (net worth)191205202216211210222
Minority interest20.7720.9119.7920.4618.9313.6111.85
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.000.000.000.000.000.00
Total liabilities212226222237230223234
Assets
Gross block3.223.243.112.823.002.9822.46
Net block0.300.400.480.400.280.420.53
Capital work in progress0.000.000.000.000.000.000.00
Investments77.3250.4161.6871.2531.8841.3261.65
Inventories0.000.000.000.000.000.000.00
Sundry debtors11.5613.5820.0517.139.0011.849.97
Cash & bank balances85.03136140154193178163
Loans & advances66.2133.7526.7924.3220.7717.7926.79
Total current assets163183187195222208200
Total current liabilities32.4013.3319.4420.3315.6816.7216.23
Net working capital130170167175207191184
Total assets212226222237230223234
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash9.0219.2523.5269.3384.4910191.03
Net cash from operating activities21.42(8.90)(6.10)(0.48)6.4310.74(22.59)
Net cash from investing activities1.4220.6529.55(29.24)(12.17)(8.24)42.30
Net cash from financing activities(25.53)(21.98)(27.72)(16.09)(9.42)(18.84)(9.92)
Net change in cash(2.69)(10.23)(4.27)(45.81)(15.16)(16.34)9.79
Closing cash85.03136140154193178163
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+46.5%-32.3%-13.5%+33.3%-0.9%+26.8%-
EBITDA growth-33.8%-15.9%-20.8%+26.6%+71.0%+136.5%-
PBT growth-38.5%-6.2%-27.8%+41.7%+54.8%+9998.0%-153.3%
Net income growth-70.6%+30.0%-15.3%+53.3%-1.1%+156.7%-
Revenue CAGR (3Y)-5.0%-7.9%+4.6%+18.7%-17.7%-21.1%-26.0%
EBITDA CAGR (3Y)-23.9%-5.5%+19.7%---36.1%-
Profitability & leverage
Net income margin+7.4%+32.4%+18.5%+22.6%+23.3%+16.9%-43.9%
Return on capital employed+4.6%+7.2%+7.5%+10.1%+7.3%+4.6%-8.6%
Return on net worth+2.4%+7.0%+5.8%+8.0%+6.2%+4.4%-8.5%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover20.3214.7322.4027.0419.214.612.18
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover5.222.783.576.025.515.382.61
EPS (₹)0.120.420.320.380.250.25(0.44)
Dividend per share (₹)0.700.280.700.800.400.300.60
Book value per share (₹)6.076.536.446.896.716.687.08
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.000.000.000.000.000.000.000.00
Revenue growth (YoY)-----100.0%-100.0%--
Other income0.270.4023.460.6730.561.453.113.71
Total expenses1.801.791.542.262.751.662.102.16
EBITDA(1.80)(1.79)(1.54)(2.26)(2.75)(1.66)(2.10)(2.16)
Depreciation0.000.000.000.000.000.010.000.01
Interest0.000.000.000.000.000.000.000.00
Profit before tax(1.53)(1.39)21.92(1.59)27.81(0.22)1.011.54
Tax0.000.000.000.000.000.000.360.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue55.299.0032.0234.9223.0113.9926.19
Revenue growth+514.3%-71.9%-8.3%+51.8%+64.5%-46.6%-
Other income0.000.050.010.291.340.052.67
Total expenses7.3610.589.4211.5412.2218.3917.24
Employee cost3.825.395.235.436.638.319.84
EBITDA47.93(1.58)22.6023.3810.79(4.40)8.95
EBITDA margin+86.7%-17.6%+70.6%+67.0%+46.9%-31.5%+34.2%
Depreciation0.010.030.040.050.080.070.22
Interest0.000.000.000.000.000.000.00
Profit before tax47.92(1.56)22.5723.6212.05(4.42)11.40
Tax0.000.610.04(0.39)(0.46)(1.61)3.47
Net profit47.92(2.23)22.5323.9412.51(2.81)7.87
Net profit margin+86.7%-24.8%+70.4%+68.6%+54.4%-20.1%+30.1%
EPS (₹)1.53(0.07)0.720.760.40(0.09)0.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital62.8162.8162.8162.8162.8162.8162.81
Reserves & surplus51.3727.7451.8450.0338.1034.9156.27
Shareholders' funds (net worth)11490.5511511310197.72119
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.000.000.000.000.000.00
Total liabilities11490.5511511310197.72119
Assets
Gross block0.930.920.920.901.391.401.25
Net block0.010.010.040.060.120.180.10
Capital work in progress0.000.000.000.000.000.000.00
Investments10779.8293.1510674.0684.16106
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.002.204.581.80
Cash & bank balances2.435.5915.472.1923.4410.6512.14
Loans & advances7.948.018.037.725.754.535.78
Total current assets10.3713.6023.509.9131.3919.7619.72
Total current liabilities2.862.922.733.645.056.886.40
Net working capital7.5110.6820.776.2726.3412.8813.32
Total assets11490.5511511310197.72119
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.8413.7413.7215.487.724.360.90
Net cash from operating activities(7.14)(7.84)(10.07)(7.85)(4.20)(6.93)1.18
Net cash from investing activities28.4319.9335.215.1521.3729.1412.20
Net cash from financing activities(24.49)(21.98)(25.12)(12.56)(9.42)(18.84)(9.92)
Net change in cash(3.21)(9.90)0.02(15.26)7.753.363.46
Closing cash2.435.5915.472.1923.4410.6512.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+514.3%-71.9%-8.3%+51.8%+64.5%-46.6%-
EBITDA growth+3133.5%-107.0%-3.3%+116.7%+345.2%-149.2%-
PBT growth+9998.0%--4.5%+96.0%+9998.0%--22.6%
Net income growth+2248.9%-109.9%-5.9%+91.4%+545.2%-135.7%-
Revenue CAGR (3Y)+16.6%-26.9%+31.8%+10.1%-22.1%-36.6%-27.3%
EBITDA CAGR (3Y)+27.0%--+37.7%-10.0%--31.7%
Profitability & leverage
Net income margin+86.7%-24.1%+70.4%+68.8%+54.4%-20.1%+30.3%
Return on capital employed+46.8%-1.5%+19.8%+22.1%+12.1%-4.1%+9.5%
Return on net worth+46.8%-2.1%+19.8%+22.5%+12.6%-2.6%+6.6%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover59.779.8435.2030.7517.4610.6023.46
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.0032.017.184.4032.07
EPS (₹)1.53(0.07)0.720.760.40(0.09)0.25
Dividend per share (₹)0.700.280.700.800.400.300.60
Book value per share (₹)3.642.883.653.593.213.113.79

Web traffic of IIML

The website of IIML (iimlindia.com) receives about 3.6K visits a month.

  • Monthly visits
    3.6K

    ▲ 28.1% vs previous month

Top companies in Private Equity Funds

2 companies that operate in the same segment as IIML (Private Equity Funds) in India, ranked by their profile score on The Company Check.

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Private equity firm and fund of funds focused on multiple sectors
2020IndiaUSD 238.01 M969
Provides mutual fund investments, SIP options, and financial planning services online.
2009Mumbai, Maharashtra, IndiaUSD 18.21 B104,453
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Frequently Asked Questions about IIML

IIML was founded in 1989.

IIML is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Manoj Borkar is the CEO of IIML, as recorded in our data.

IIML has 16 employees.

The primary company behind IIML, Il & Fs Investment Managers Limited, reported revenue of ₹65.63 Cr for FY 2026, up 46% year on year.

Founded in 1989, IIML operates as a private equity firm based in Mumbai, India. Investments are directed across various sectors, with a focus on identifying and supporting opportunities in diverse industries. Core activities include capital allocation and portfolio management, serving institutional and high-net-worth investors. The firms domain, iimlindia.com, facilitates operations within the Indian market and beyond. Leadership comprises experienced directors and partners overseeing strategic decisions.

IIML offers Private Equity Fund Management and Real Estate and Infrastructure Fund Management.

Yes, IIML is publicly traded on NSE under the ticker symbol IVC.

IIML operates through Il & Fs Investment Managers Limited.

The legal entities of IIML currently have 8 directors, including Chitranjan Singh Kahlon, Priya Prempal Shetty, Manoj Borkar and others.

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