1933 - The Company was incorporated in 1933 at Mumbai. The Company
carries on the business of investment and leasing.
1987 - Industrial Investment Trust Corporate Services, Ltd. became a
subsidiary of the Company.
- 99,985 bonus shares issued in prop. 1:1.
1988 - IIT Capital Services, Ltd. was promoted as a subsidiary of the
Company. This subsidiary would undertake leasing, hire-purchase
and other finance related activities.
- 15 forfeited equity shares reissued to employees. Another 15
shares were issued to employees to make the subscribed capital Rs
1991 - 1,00,000 bonus shares issued in the prop. 1:2.
1992 - The Company was registered with SEBI as category 1 Merchant
Banker. The Company promoted jointly with a team of
professionals a new company called IIT Investment Trust Pvt.
Ltd., to provide consultancy/advisory services, based on its
research capabilities, to a broad spectrum of capital market
participants. The Company proposed to subdivide the existing Rs
100 equity share into Rs 10 equity share.
1993 - The Company established itself in the field of lease/hire
purchase business, bill discounting and short term money market.
- The Company acts as Debenture Trustees to Ambalal Sarabhai
Enterprises, Ltd., Hindustan Ferodo Ltd., The Stock Exchange,
Mumbai, Star Industrial & Textile Enterprises Ltd., and J.K.
Cotton Spinning & Weaving Mills Co., Ltd.
- 2,00,000 bonus shares issued in prop. 2:3.
1995 - Equity shares of Rs 100 each subdivided into shares of Rs 10
1996 - 50,00,000 bonus shares issued in proportion 1:1.
-Industrial Investment Trust Ltd has appointed Mr. Bipin Agarwal and Mr. Swaran Singh as Additional Directors.
- Industrial Investment Trust Ltd has appointed Mr. R K Mittal as an Additional Director on the Board of the Company.