July 26, 2017 7:07 AM ET

Capital Markets

Company Overview of IL&FS Securities Services Limited

Company Overview

IL&FS Securities Services Ltd. provides financial solutions to institutional and retail clients. Its products include depository services, loan against shares, security lending, futures and options/derivatives, custodial services, pension schemes, foreign investments, and conversion services. The company also provides institutional services, such as cash management services; National Skills Registry, a Web-based system hosting that offers information about existing and prospective employees of Indian IT, ITES, BPO, and the banking industry; and outsourcing solutions. In addition, it offers technology services, such as data centre services, branch/network rollout services, network/ enterprise...

IL&FS House Plot No.14

Raheja Vihar


Andheri (East)

Mumbai,  400072


Founded in 2006


91 22 4249 3000


91 22 2857 0948

Key Executives for IL&FS Securities Services Limited

Chief Executive Officer, Managing Director and Director
Chief Technology Officer
Compliance Officer
Compensation as of Fiscal Year 2017.

IL&FS Securities Services Limited Key Developments

Bank of Baroda To Acquire Majority Stake In IL&FS Securities Services

Bank of Baroda (BSE:532134) is reportedly in talks to acquire controlling stake in IL&FS Securities Services Limited from IL&FS Investment Managers Limited (BSE:511208) for an enterprise value of INR 7.5 billion, , the deal could fetch the infrastructure major around INR 6 billion.

IL&FS Reportedly In Talks To Sell IL&FS Securities

IL&FS Investment Managers Limited (BSE:511208) is in talks to sell IL&FS Securities Services Ltd. IL&FS is in exploratory talks to sell a controlling stake, said people directly aware of the matter. They said a sale isn’t certain. The sale of 80% stake in IL&FS Securities Services Limited could fetch INR 6 billion, people said. State Street Corporation (NYSE:STT) and The Carlyle Group LP (NasdaqGS:CG) have been approached. Avendus Capital is mandated to arrange a possible sale. The proposed sale is in line with the IL&FS strategy to divest non-core assets and ‘recycle’ capital into its core infrastructure business, a person aware of the company’s thinking said. The Economic Times added that an IL&FS spokesperson said the company does not comment on speculation. Carlyle and State Street declined to comment.

eHosting DataFort Signs moU with IL&FS Securities Services Ltd

eHosting DataFort announced its partnership with IL&FS Securities Services Ltd. to provide innovative Managed Services covering IT infrastructure, Remote Disaster Recovery and back office operations support for financial brokerage firms operating within UAE’s financial exchanges. This partnership will allow users to choose from a wide range of solutions including primary IT infrastructure hosting, disaster recovery services and back office solutions. The solution allows UAE’s brokerage firms to host their trading platform on a secure hosted private cloud platform with a primary in-country DR failover site in eHDF’s data centres in Dubai as well as secondary DR failover site. A remote DR hosting services is also available as an option, in addition to back and middle office operations support which would be provided by ISSL.

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