The Investment Trust of India Limited ("TITIL" or "Demerged Company") is principally engaged in the business of offering a range of financial products and services. These various businesses are grouped under two broad segments namely:
> Lending Business activities which involve providing of loan or financial facilities to customers through Non-Banking Finance Company (NBFC)
> Non-Lending Business activities which involve securities & commodity broking, fund management services, merchant banking services and distribution of various financial products and services.
The equity shares of the company are listed on nationwide bourses. The key businesses of TITIL i.e., Financing & Broking businesses are being carried through different subsidiaries.
Distress Asset Specialist Limited "DASL" or "Resulting Company") is a wholly owned subsidiary of TITIL and is engaged in the business of providing advisory and financial services.
Growth in last decade:
TITIL was then started as Fortune Financial Services (India) Limited had two major businesses namely broking & lending business. In the end of 2013, the Company witnessed Change of promoters for the company whereby existing promoters acquired controlling stake from the erstwhile promoters and also gave open offer. Immediately after change, new promoters decided to expand the business.
In 2014, they strengthen their broking business by acquiring 100% equity shares of Antique Stock Broking Limited. Further, it also strengthens its merchant banking business by acquiring 68.2% stake of Inga Capital Private Limited. In FY 2015, new promoters also infused INR 116 crore in the company through preferential allotment.
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