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IL&FS Transportation Networks Ltd. Company History and Annual Growth Details

Brief Corporate History of our Company

Our Company was incorporated under the Companies Act, 1956 on November 29, 2000 as
'Consolidated Toll Network India Private Limited'. The name of our Company was changed to
'Consolidated Toll Network India Limited' pursuant to change in the status of our Company to a public
limited company. The word 'private' was deleted from the name of our Company pursuant to a special
resolution of the shareholders of our Company dated March 28, 2002. The fresh certificate of
incorporation consequent to change of name was issued by the RoC on July 22, 2002. The name of our
Company was further changed to 'Consolidated Transportation Networks Limited', indicating the
growing business profile of our Company, pursuant to a special resolution of the shareholders of our
Company dated July 5, 2004 and a fresh certificate of incorporation was granted to our Company by the
RoC on September 24, 2004. Subsequently, the name of our Company was changed to 'IL&FS
Transportation Networks Limited' pursuant to a special resolution of the shareholders of our Company
dated September 29, 2005 and a fresh certificate of incorporation was granted to our Company by the
RoC on October 18, 2005. The said change of the name of our Company was intended to avail the
benefit of the IL&FS brand, its goodwill in the surface transport sector and to establish affiliation of
our Company with the IL&FS group.

Our Company is not operating under any injunction or restraining order.

For further details in relation to our business including description of our activities, services, market of
each segment, our growth, profits due to foreign operations, technology, market, managerial competence
and capacity built-up, our standing with reference to our prominent competitors, see the section titled
'Our Business' on page 70.

Changes in the Registered Office

Since incorporation, the Registered Office of our Company has been situated at The IL&FS Financial
Centre, Plot No. C 22, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051, India and
there have been no changes to the same.

Major Events and Milestones

Calender Year Events

February, 2001 Commercial Operation of NOIDA Toll Bridge project

November, 2001 Concession for North Karnataka Expressway project was awarded to North Karnataka
Expressway Limited by the NHAI

December, 2001 Investment in the equity share capital of North Karnataka Expressway Limited

March, 2002 Equity investment by ORIX Auto & Business Solutions Limited*

February, 2003 Commercial Operation of Ahmedabad Mehsana Toll Road project

December, 2003 Further equity investment by ORIX Auto & Business Solutions Limited*

March 2004 Concession for Thiruvanathapuram City Roads Improvement Project granted to
Thiruvanathapuram Road Development Company Limited by the Kerala Road Fund Board

Investment in the equity share capital of Thiruvananthapuram Road Development
Company Limited

July, 2004 Commercial Operation of North Karnataka Expressway project

March, 2005 Concession for West Gujarat Expressway project granted to West Gujarat Expressway
Limited by the NHAI

Investment in the equity share capital of West Gujarat Expressway Limited

January, 2006 Partnership & Development Agreement for Mega Highways project granted to Road

Infrastructure Development Company of Rajasthan Limited by the Government of Rajasthan

March, 2006 Investment in the equity share capital of Noida Toll Bridge Company Limited

Concession for Andhra Pradesh Expressway project awarded to Andhra Pradesh
Expressway Limited by NHAI

Investment in the equity share capital of Andhra Pradesh Expressway Limited

December, 2006 Investment in the equity share capital of Gujarat Toll Road Investment Company Limited

Equity investment by Trinity Capital (Two) Limited*

March, 2007 Equity investment by GS Strategic Investments Limited*

January, 2007 Programme Development Agreement for Chhattisgarh Accelerated Road Development
Programme executed between Government of Chhattisgarh and Infrastructure Leasing &
Financial Services Limited

August, 2007 Concession for East Hyderabad Expressway project awarded to East Hyderabad

Expressway Limited by the Hyderabad Urban Development Authority and Hyderabad
Growth Corridor Limited

October, 2007 Investment in the equity share capital of East Hyderabad Expressway Limited

February, 2008 Programme Development Agreement for Jharkhand Accelerated Road Development

Programme executed between Government of Jharkhand and Infrastructure Leasing &
Financial Services Limited

March, 2008 Commercial Operation of Phase - I of Thiruvanathapuram City Roads Improvement
Project

Further equity investment by Trinity Capital (Two) Limited and GS Strategic Investments
Limited*

Equity investment by SCB Asian Infrastructure Fund*

Acquistion of Elsamex S.A.

May, 2008 Commercial Operation of West Gujarat Expressway project
December, 2008 Investment in equity share capital of Vansh Nimay Infraprojects Limited

March, 2009 Commercial Operation of the Mega Highways, Project.

April, 2009 Concession for the Beawar Gomti project awarded to ITNL Road Infrastructure

Development Company Limited by the Department of Road Transport & Highways

May, 2009 Amendment to the concession in relation to Thiruvanathapuram City Roads Improvement

Project granted to Thiruvanathapuram Road Development Company Limited by the
Kerala Road Fund Board

August, 2009 Letter of Award issued for the project 4 laning of Warora Chandrapur Bamni Road in the
state of Maharashtra

September 2009 Concession for the Ranchi Ring Road project awarded to Jharkhand Road Projects

Implementation Company Limited by the Government of Jharkhand

Concession for the Pune Sholapur project awarded to Pune Sholapur Road Development
Company Limited by the NHAI

Commercial Operation of Andhra Pradesh Expressway project.

October 2009 Concession for the Hazaribagh Ranchi project awarded to Hazaribagh Ranchi
Expressway Limited by the NHAI

Concession for the Patratu Dam Ramgarh Road project awarded to Jharkhand Road
Projects Implementation Company Limited by the Government of Jharkhand

Concession for the Ranchi - Patratu Dam project awarded to Jharkhand Road Projects
Implementation Company Limited by the Government of Jharkhand

December 2009 Concession for the Gurgaon Metro project awarded to Rapid MetroRail Gurgaon Limited
by the Haryana Urban Development Authority

Letter of Award issued for the project Moradabad Bareilly section of NH-21 in the state
of Uttar Pradesh

Changes in the activities of our Company during the last five years

Except as otherwise stated in the sections titled 'Our Business' and 'Managements Discussion and
Analysis of Financial Condition and Results of Operations', on pages 70 and 300, respectively, there
have been no changes in the activities of our Company during the last five years preceding the date of
this Red Herring Prospectus, which may have had a material effect on our profits or loss, including
discontinuance of our lines of business, loss of agencies or markets and similar factors.

Awards and Accreditations


Year Awards / Accreditations

October 2008 ISO 9001:2000 certification awarded to our Company by Alberk QA International
Technical Control and Certification Limited

August 2008 ITNL Material Testing Laboratory at Chhattisgarh awarded certification by the Bureau
Veritas Certification (India) Private Limited2010

- IL&FS Transportation Networks Ltd has appointed Mr. R. S. Chandra as an Additional Director of the Company effective May 25, 2010.