- Sunil Mehta (Chairman, Independent Director)
- Board Member, SBI
- Former country head and CEO of AIG India
- Over 18 years of work experience in Citibank
- Current MD, SPM Capital Advisors
- Harish Engineer (Independent Director)
- Former head of wholesale banking at HDFC Bank
- Former Executive Director of HDFC Bank
- James Leslie Whiteford (Independent Director)
- Presently Director of Harkin Management Limited
- Former Chief Financial Officer for TIR (Holdings) Limited
- Former Director of JLW Limited
- Ravi Parthasarthy (Non-Executive Director)
- Chairman of IL&FS Group
- Former Executive Director, 20th Century Finance Corporation Limited
Diverse Sectors.
Unified Vision.
Diverse Sectors.
Unified Vision.
IL&FS Transportation Investment Trust
- Background:
- IL&FS Transportation Networks Limited (ITNL), one of the IL&FS Group Company, which is the Holding Company of all the Transportation Assets within the IL&FS Group, has set up an Infrastructure Investment Trust in terms of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (the “InvIT”).
- IIML Asset Advisors Limited (IAAL), a wholly owned subsidiary of IL&FS Investment Managers Limited has been appointed as an Investment Manager for providing investment management services to the InvIT.
- The InvIT has, on December 7, 2016, received certificate of registration as an Infrastructure Investment Trust from the Securities and Exchange Board of India.
- Composition of the IAAL Board:
- Background:
- In terms of the InvIT Regulations, atleast 50% of the board of directors of the Investment Manager is to comprise independent directors. Currently, 75% of the IAAL Board of Directors comprises of independent directors. The Chairman of the Board is a non-executive director. The directors have relevant India, investment, corporate finance and infrastructure sector experience.
The Board members are :
- The Board has formed Committees to ensure compliance with various policies in relation to the InvIT
- Audit and Conflicts Committee
- To comprise such number of members constituting at least 50% of the Board of Directors
- All members of the Audit and Conflicts committee to be independent directors
- All related party transactions to be approved by Audit and Conflicts Committee, including investment or divestment decisions
- Stakeholders’ Relationship Committee
- Consider and resolve grievances of the unitholders
3. Key Managerial Personnel of IAAL :
- Vibhav Kapoor (Chief Executive Officer)
- Associated with the IL&FS Group as its Group CIO
- Previously associated with the Merchant Banking Division of ANZ Grindlays Bank as a proprietary equity portfolio manager
- Year of Experience: 30+
- Sunita Manwani (CFO and Compliance Officer)
- Associated with the Company since January 2007
- Former Head of Finance at DHFL Venture India Private Limited
- Years of Experience: 20+
- Parag Baduni (Chief Investment Officer)
- Participated in 10 infrastructure PE transactions, with experience in Road sector investing
- Over 11 years of Infra PE experience
- Year of Experience: 20+