Asset Manager

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IL&FS Investment Managers

IL&FS Investment Managers Limited is a subsidiary of Infrastructure Leasing & Financial Services Limited.

IL&FS Investment Managers

IL&FS Investment Managers Limited is a subsidiary of Infrastructure Leasing & Financial Services Limited. Established in 1989, it manages over $3.2 billion in assets. The firm has made 12 investments across sectors including Telecom, City Gas Distribution, and Retail.

General information

Firm type

Generalist

Year founded

2000

AUM

Undisclosed

Location

Region

Asia

Country

India

City

Mumbai

Corporate office

Mumbai, India

Principals

Ravi Parthasarathy

Chairman Emeritus

Arun Saha

Managing Director & CEO

Sector focus

InfrastructureFinancial ServicesHealthcare ServicesEnterprise SoftwareEnergy Transition & Renewables

Frequently asked questions

Who makes investment decisions at IL&FS Investment Managers?

Arun Saha serves as Managing Director and CEO, overseeing the firm's investment strategy and portfolio management. Ravi Parthasarathy holds the role of Chairman Emeritus and remains involved in strategic direction. The firm's investment committee evaluates all direct and fund-of-funds allocations.

How does IL&FS Investment Managers source deal flow?

The firm sources primarily through the IL&FS group's infrastructure project origination network. It also receives proprietary deal flow from its institutional LP relationships and co-investment partners in India and Asia.

Is IL&FS Investment Managers structured as a fund or as a separate legal entity?

It is a separate asset management company within the IL&FS group, registered with SEBI as an investment manager. It manages multiple funds, including private equity funds, a fund-of-funds, and infrastructure debt vehicles.

What investment stages does IL&FS Investment Managers target?

The firm covers a broad range from early stage (seed, start-up) through growth, expansion, buyout, recapitalization, and restructuring. This makes them a generalist across the lifecycle.

Which sectors does IL&FS Investment Managers focus on?

Core sector focuses include infrastructure (transportation, energy, renewables), financial services, healthcare services, and enterprise software. The firm's historical emphasis is on capital-intensive projects tied to India's economic growth.

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