About Il&Fs Cluster Development Initiative Limited
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Il&Fs Cluster Development Initiative Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Infrastructure Leasing And Financial Services Limited. It operates in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 14 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70109DL2006PLC153767. Its GSTIN is 09AABCI6208A1Z1 (Uttar Pradesh). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹12 Cr. It was formerly known as Clusternet India Limited and Industry Growth Advisers Limited. It is led by directors including Satyen Gajanand Trivedi and Priya Prempal Shetty.
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D – 114 Okhla Industrial Area Phase – I, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.4 Lakh, a decline of 59% compared to the previous year. For the same year it recorded a net profit of ₹24.8 Lakh (net margin 54.6%) and EBITDA of ₹33.2 Lakh (EBITDA margin 73.1%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 57% over five years.
As per MCA filings, the company has open charges of ₹272.5 Cr and satisfied charges of ₹50 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 1 case is 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 iuiml.com.
Company details
Name history
Il&Fs Cluster Development Initiative has undergone 5 name changes throughout its history. The current legal name is Il&Fs Cluster Development Initiative Limited.
| Company Name | Status |
|---|---|
| Il&Fs Cluster Development Initiative Limited | Current |
| Clusternet India Limited | Previous |
| Industry Growth Advisers Limited | Previous |
| Il And Fs Cluster Development Initiatives Company Limited | Previous |
| Industry Growth Partners Limited | Previous |
| Capacity Swap Linkages Limited | Previous |
Contact details
Il&Fs Cluster Development Initiative Limited's registered office is in New Delhi, Delhi. Its website is iuiml.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD – 114 Okhla Industrial Area Phase – I, New Delhi, Delhi, India – 110020
- IndustryInfrastructure and Utilities, Infrastructure Project Management
To see the full contact details of Il&Fs Cluster Development Initiative 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
Business activity
The main business activities of Il&Fs Cluster Development Initiative are professional, scientific and technical and education. In detail, this covers management consultancy activities and higher education, technical & vocational education. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | |
| P | Education | P2 | Higher education, technical & vocational education |
Financials of Il&Fs Cluster Development Initiative Limited
FY 2025 filings availableIl&Fs Cluster Development Initiative Limited reported revenue of ₹45.4 Lakh (down 59% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 59% fall in the latest year. EBITDA fell 83% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹33.2 Lakh | ||||
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| Net Profit (PAT) | ₹24.8 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 73.1% | ||||
| Net Profit Margin | 54.6% | ||||
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To see the full financial statements and ratios of Il&Fs Cluster Development Initiative Limited, buy the company report.
Board of directors of Il&Fs Cluster Development Initiative Limited
Il&Fs Cluster Development Initiative has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyen Gajanand Trivedi | Director | 28 Mar 2022 | 4 Years 7 Months | Current |
| Priya Prempal Shetty | Director | 08 Sep 2020 | 6 Years 2 Months | Current |
| Shekhar Sharad Prabhudesai | Director | 14 Jan 2021 | 5 Years 9 Months | Current |
Auditor
Il&Fs Cluster Development Initiative Limited is audited by MITUL M SHAH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MITUL M SHAH & ASSOCIATES | FY 2021 | 148570W |
Shareholding
The shareholding of Il&Fs Cluster Development Initiative Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Il&Fs Cluster Development Initiative Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2016 | 100062183 | Others | ₹2.5 Cr | Open | |
| 12 Jul 2016 | 100043240 | Others | ₹270 Cr | Open | |
| 03 Apr 2013 | 10428722 | Il&Fs Financial Services Limited | ₹5 Cr | Satisfied | |
| 16 Jun 2011 | 10295004 | Yes Bank Limited | ₹45 Cr | Satisfied |
To see the full charge records of Il&Fs Cluster Development Initiative Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Il&Fs Cluster Development Initiative Limited has 8 court cases on record: 2 filed by Il&Fs Cluster Development Initiative, 6 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 6 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (MJC) | Filed against the company by Durga Agronomy Private Limited and 1 other | Pending |
| High Court | Court case (CWJC) | Filed against the company by Durga Agronomy Private Limited and 1 other | Disposed |
| High Court, TRIPURA | Writ petition | Filed against the company by M/S Jaypee Projects Limited | Disposed |
| Allahabad High Court | Tax appeal | Filed against the company by Principal Commissioner, Central Goods & Service Tax Noida | Disposed |
| District court, New Delhi, Delhi | Arbitration matter | Filed by the company against an individual | Disposed |
To see the full case history of Il&Fs Cluster Development Initiative 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Il&Fs Cluster Development Initiative Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Il&Fs Cluster Development Initiative has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCI6208A1Z1 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Il&Fs Cluster Development Initiative Limited, buy the company report.
Recent activity
Il&Fs Cluster Development Initiative Limited has 24 board changes on record since 2007: 3 appointments and 21 cessations. The latest: Satyen Gajanand Trivedi ceased to be Additional Director on 08 Apr 2022.
22 earlier events are in the company report.
Frequently asked questions
Il&Fs Cluster Development Initiative is an active public limited company based in New Delhi, Delhi, India. The company works in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 14 September 2006 (20+ years old) and is registered under CIN U70109DL2006PLC153767.
Il&Fs Cluster Development Initiative has 3 current directors:
- Satyen Gajanand Trivedi - Director
- Priya Prempal Shetty - Director
- Shekhar Sharad Prabhudesai - Director
The latest financial statements of Il&Fs Cluster Development Initiative on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Il&Fs Cluster Development Initiative is 09AABCI6208A1Z1, registered in Uttar Pradesh. The company has 10 GST registrations in all, of which 1 is active and 9 are cancelled or inactive.
The CIN (Corporate Identification Number) of Il&Fs Cluster Development Initiative is U70109DL2006PLC153767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Il&Fs Cluster Development Initiative has 8 court cases on record: 2 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Il&Fs Cluster Development Initiative was incorporated on 14 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Satyen Gajanand Trivedi ceased to be Additional Director on 08 Apr 2022. Satyen Gajanand Trivedi was appointed as Director on 28 Mar 2022. Jignesh Ramesh Shah ceased to be Additional Director on 11 Aug 2021. Il&Fs Cluster Development Initiative has 24 board changes on record in total.
Il&Fs Cluster Development Initiative can be reached through the website iuiml.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Il&Fs Cluster Development Initiative is at D – 114 Okhla Industrial Area Phase – I, New Delhi, Delhi, India – 110020.
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