About Il&Fs Financial Services Limited
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Il&Fs Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Infrastructure Leasing And Financial Services Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 29 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1995PLC093241. Its GSTIN is 27AAACI4805L1ZI (Maharashtra). The company holds 10 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹2,750 Cr and a paid-up capital of ₹390.67 Cr. It was formerly known as Il & Fs Asset Management Company Limited and Il & Fs Finvest Limited. It is led by directors including Nand Kishore and Shekhar Sharad Prabhudesai.
Its last annual general meeting (AGM) was held on 31 December 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at II & Fs Financial Centreplot No C – 22 G Block Bandra Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2019, the company reported a revenue of ₹295.18 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net profit of ₹115.31 Cr (net margin 39.1%) and EBITDA of ₹892.62 Cr (EBITDA margin 302.4%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 30% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: IL&FS Financial Services Limited and IL&FS Financial Services. As per MCA filings, the company has open charges of ₹16,030 Cr and satisfied charges of ₹15,962 Cr on record. Court records list 631 cases involving the company, including 310 filed by the company and 321 filed against it; 191 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ilfsifin.com.
Company details
Name history
Il&Fs Financial Services has undergone 2 name changes throughout its history. The company was previously known as Il & Fs Asset Management Company Limited, and Il & Fs Finvest Limited. The current legal name is Il&Fs Financial Services Limited.
| Company Name | Status |
|---|---|
| Il&Fs Financial Services Limited | Current |
| Il & Fs Asset Management Company Limited | Previous |
| Il & Fs Finvest Limited | Previous |
Contact details
Il&Fs Financial Services Limited's registered office is in Mumbai, Maharashtra. Its website is ilfsifin.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressII & Fs Financial Centreplot No C – 22 G Block Bandra Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Il&Fs Financial Services Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Il&Fs Financial Services operates two associated brands: IL&FS Financial Services Limited and IL&FS Financial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure projects are financed through specialized services. | ilfsifin.com | |
| Financial services are provided by IL&FS Financial Service in India. | ilfsifin.in |
Business activity
The main business activity of Il&Fs Financial Services is financial and insurance service. In detail, this covers other financial activities and activities by trusts, funds and other financial holding companies. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | |
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Il&Fs Financial Services Limited, buy the company report.
Financials of Il&Fs Financial Services Limited
FY 2019 filings availableIl&Fs Financial Services Limited reported revenue of ₹295.18 Cr (down 87% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 87% fall in the latest year. EBITDA fell 48% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹295.18 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹892.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹115.31 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 302.4% | ||||
| Net Profit Margin | 39.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Il&Fs Financial Services Limited, buy the company report.
Board of directors and KMP of Il&Fs Financial Services Limited
Il&Fs Financial Services Limited currently reports 6 directors and 2 key managerial personnel. 25 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nand Kishore Also directs: Il&Fs Energy Development Company Limited, Il&Fs Tamil Nadu Power Company Limited, Il&Fs Securities Services Limited and 5 more | Nominee Director | 26 Oct 2018 | 7 Years 11 Months | Current |
| Kaushik Modak | Ceo | 26 Oct 2018 | 7 Years 11 Months | Current |
| Jayashree Ramaswamy Also directs: Noida Toll Bridge Company Limited, Il & FS Investment Managers Limited, Il&Fs Maritime Infrastructure Company Limited and 5 more | Cfo | 16 Oct 2019 | 7 Years 0 Months | Current |
| Shekhar Sharad Prabhudesai | Nominee Director | 06 Jan 2021 | 5 Years 9 Months | Current |
| Apurva Chandra | Nominee Director | 18 Nov 2025 | 0 Years 11 Months | Current |
| Vini Mahajan | Nominee Director | 12 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Il&Fs Financial Services Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| J.P. Morgan Securities India Private Limited | ₹300.03 Cr (FY 2018) | 17.0% | Mumbai, Maharashtra, India | |||
| Iti Finance Limited | ₹299.13 Cr (FY 2024) | 22.0% | Mumbai, Maharashtra, India | |||
| Suntrack Commerce Private Limited | ₹298.54 Cr (FY 2019) | 744.0% | Kolkata, West Bengal, India | |||
| Muthoot Mcred Limited | ₹298.15 Cr (FY 2019) | -11.0% | Kochi, Kerala, India | |||
| Il&Fs Financial Services Limitedthis company | ₹295.18 Cr (FY 2019) | ₹115.31 Cr | 39.1% | -87.0% | Mumbai, Maharashtra, India | |
| Berar Finance Limited | ₹294.96 Cr (FY 2025) | 17.0% | Nagpur, Maharashtra, India | |||
| Barclays Investments & Loans (India) Private Limited | ₹294.79 Cr (FY 2024) | 22.0% | Mumbai, Maharashtra, India | |||
| Vivifi India Finance Private Limited | ₹292.8 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Indifi Capital Private Limited | ₹291.31 Cr (FY 2024) | 88.0% | Haryana, India |
To see the full peer comparison of Il&Fs Financial Services Limited, buy the company report.
Auditor
Il&Fs Financial Services Limited is audited by MUKUND M CHITALE & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKUND M CHITALE & CO | FY 2019 | 106655W |
Shareholding
The shareholding of Il&Fs Financial Services Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Il&Fs Financial Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2018 | 100194961 | Others | ₹360 Cr | Open | |
| 25 Jul 2018 | 100194962 | Others | ₹75 Cr | Open | |
| 31 Jan 2018 | 100155602 | Others | ₹300 Cr | Open | |
| 31 Jan 2018 | 100155607 | Others | ₹75 Cr | Open | |
| 31 Jan 2018 | 100155608 | Others | ₹25 Cr | Open |
To see the full charge records of Il&Fs Financial Services Limited, buy the company report.
Total charge records: 193 View all charges
Legal cases
Il&Fs Financial Services Limited has 631 court cases on record: 310 filed by Il&Fs Financial Services, 321 filed against it. 191 cases are pending and 440 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 330 | 155 | 73 |
| District courts | 131 | 47 | 48 |
| NCLAT | 107 | 88 | 56 |
| NCLT | 33 | 9 | 5 |
| Supreme Court | 30 | 22 | 9 |
Cases on record (5 of 631)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Nuvoco Vistas Corporation Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Geowork Infra Projects Private Limited | Pending |
| Bombay High Court | Court case (SJ) | Filed by the company against Geowork Infra Projects Private Limited and 2 others | Pending |
| District court, Tiruvallur, Tamil Nadu | Criminal miscellaneous application | Filed by the company against Abg International Private Limited. and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by M/S Aswaklanta Realtors Pvt. Ltd. and 47 others | Pending |
To see the full case history of Il&Fs Financial Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Il&Fs Financial Services Limited was last rated by Care on 26 Dec 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Dec 2025 |
To see the full credit ratings and regulatory alerts of Il&Fs Financial Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Il&Fs Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Il&Fs Financial Services has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Il&Fs Capital Advisors Limited | U65191MH2012PLC226314 | |
| Il&Fs Broking Services Private Limited | U67120MH2009PTC191131 |
To see the full group structure of Il&Fs Financial Services Limited, buy the company report.
GST
Il&Fs Financial Services has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI4805L1ZI | Maharashtra | Active | 01 Jul 2017 |
| 06AAACI4805L1ZM | Haryana | Active | 01 Jul 2017 |
| 07AAACI4805L1ZK | Delhi | Active | 01 Jul 2017 |
| 19AAACI4805L1ZF | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Il&Fs Financial Services Limited, buy the company report.
Recent activity
Il&Fs Financial Services Limited has 56 board changes on record since 1999: 32 appointments and 24 cessations. The latest: Vini Mahajan was appointed as Nominee Director on 12 Dec 2025.
544 earlier events are in the company report.
News
Frequently asked questions
Il&Fs Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 29 September 1995 (31+ years old) and is registered under CIN U65990MH1995PLC093241.
Il&Fs Financial Services has 8 current directors and KMP:
- Nand Kishore - Nominee Director
- Shekhar Sharad Prabhudesai - Nominee Director
- Apurva Chandra - Nominee Director
- Vini Mahajan - Nominee Director
- Bibhudutta Biswal - Nominee Director
- Danny Samuel - Nominee Director
- Kaushik Modak - Ceo
- Jayashree Ramaswamy - Cfo
The latest financial statements of Il&Fs Financial Services on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 December 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Il&Fs Financial Services is 27AAACI4805L1ZI, registered in Maharashtra. The company has 10 GST registrations in all, of which 5 are active and 5 are cancelled or inactive. Other active GSTINs include 06AAACI4805L1ZM (Haryana), 07AAACI4805L1ZK (Delhi), 19AAACI4805L1ZF (West Bengal).
The CIN (Corporate Identification Number) of Il&Fs Financial Services is U65990MH1995PLC093241. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Il&Fs Financial Services has 631 court cases on record: 310 filed by the company and 321 filed against it. 191 are pending. Most are in the high courts.
Il&Fs Financial Services was incorporated on 29 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Il&Fs Financial Services by revenue are J.P. Morgan Securities India Private Limited, Iti Finance Limited, Suntrack Commerce Private Limited, Muthoot Mcred Limited, Berar Finance Limited and 3 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Vini Mahajan was appointed as Nominee Director on 12 Dec 2025. Apurva Chandra was appointed as Nominee Director on 18 Nov 2025. Bibhudutta Biswal was appointed as Nominee Director on 11 Jan 2025. Il&Fs Financial Services has 56 board changes on record in total.
Il&Fs Financial Services can be reached through the website ilfsifin.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Il&Fs Financial Services is at II & Fs Financial Centreplot No C – 22 G Block Bandra Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400051.