The Government of India, through Ministry of Corporate Affairs, took management control of IL&FS Group and appointed a new Board in October 2018 in an effort to control defaults and restore confidence and financial stability in Capital Markets.
IL&FS Transportation Networks Limited (“IL&FS Transportation”) was formed in the year 2000 as a wholly owned subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS), which has been a major player in India in Infrastructure development and financing for the last 25 years. Transportation Infrastructure development was initially taken up in IL&FS and thereafter the transportation vertical IL&FS Transportation was formed wherein the projects undertaken and implemented by IL&FS were domiciled.
IL&FS Transportation has grown into the largest BOT road asset owner in India with approximately 13,100 lane km in its portfolio. It is a market leader in the Transport Infrastructure Sector with presence also in Metro Rail, City Bus Services and Border Check-posts. In addition, we have an international footprint covering Spain, Portugal, and Latin America with the acquisition of Elsamex S.A., a Spain-based highway operations and maintenance and allied services provider company.