IL&FS Infra Asset Management Limited

Background

IL&FS Infra Asset Management Limited (IIAML), established in 2013, is a subsidiary of IL&FS Investment Managers Limited. It serves as the asset manager for the IL&FS Infrastructure Debt Fund (IL&FS IDF), focusing on providing investors with exposure to various infrastructure sectors at different stages of the project lifecycle. Leveraging the IL&FS Group's extensive experience in the Indian infrastructure domain, IIAML aims to maximize risk-adjusted returns for its investors.

Key Strategic Focus

IIAML's strategic objectives include:

Infrastructure Debt Fund Management: Managing the IL&FS IDF to offer superior risk-adjusted returns through a mix of general and targeted schemes.

Investor Diversification: Targeting a broad spectrum of investors, including banks, pension funds, insurance companies, foreign investors, sovereign wealth funds, and bilateral/multilateral associations.

Risk Management: Implementing rigorous risk management strategies tailored to the unique requirements of infrastructure projects.

Financials and Funding

As of March 31, 2024, IIAML reported:

Assets Under Management (AUM): ₹1,632.30 crore across five schemes.

Total Income: ₹178.81 million.

Total Comprehensive Income: Profit of ₹98.77 million.

Technological Platform and Innovation

IIAML distinguishes itself through:

Proprietary Risk Assessment Systems: Utilizing advanced risk assessment and management systems, which have earned the highest "AAA" ratings from India Ratings & Research and CARE Ratings for its initial schemes.

Leadership Team

Nand Kishore: Chairman.

Neelesh Vernekar: Chief Executive Officer.

Nilesh Mistry: Chief Financial Officer.

Poonam Gupta: Company Secretary.

Leadership Changes

April 1, 2024: Mr. Susim Mukul Datta ceased as Independent Non-Executive Director and Chairman upon the end of his tenure.

April 1, 2024: Mr. Chitranjan Singh Kahlon appointed as Independent Non-Executive Chairman.

Competitor Profile

Market Insights and Dynamics

The infrastructure asset management sector in India is characterized by significant growth potential, driven by increasing investments in infrastructure development and a favorable regulatory environment.

Competitor Analysis

IIAML's primary competitors include:

IFCI Limited: Established in 1948, IFCI focuses on providing financial support for diversified industries and infrastructure projects.

Srei Infrastructure Finance Limited (SIFL): Founded in 1989, SIFL specializes in infrastructure financing and advisory services.

These competitors offer similar services in infrastructure financing and asset management, contributing to a competitive landscape in the sector.

Strategic Collaborations and Partnerships

IIAML has established significant partnerships to strengthen its market position:

Life Insurance Corporation of India (LIC): A key partner, LIC is the largest insurance company in India, providing financial security and contributing to economic growth.

General Insurance Corporation of India (GIC): A partner offering reinsurance services and supporting infrastructure projects.

United India Insurance Company Limited (UII) and National Insurance Co Ltd (NIC): Partners providing insurance services and contributing to the fund's stability.