Merrill Lynch first picked up a 8.33 per cent stake in DSP in 1996 and soon raised it to 40 per cent. Mr. Kothari's relationship with Merrill goes back to mid-1980s when the US brokerage house helped DSP mobilize money for Unit Trust of India's India Fund.

Mr. Kothari represents the fourth generation of a family of prominent stockbrokers. He was, in fact, the president of the Bombay Stock Exchange in 1991. He is also passionate about wild life. Along with Ajay and Urvi Piramal he has set up the Wildlife Conservation Trust (WCT) which is dedicated to raising awareness for environment and wildlife conservation and protecting the Tadoba Tiger Reserve in Vidharba and the Sanjay Gandhi National Park in Mumbai.

MBS Axapta under implementation at Investsmart Ltd.

The Finance Department of IL&FS Investsmart Limited (IIL) is implementing MBS Axapta to better handle its day-toady work functions and responsibilities. IL&FS is a premier financial service organization providing individuals and corporates with customized financial  management  solutions.

Investsmart  works  towards  understanding clients’ financial goals and helps attain them. Their institutional expertise, combined with a thorough understanding of the financial markets results in appropriate investment solutions.

Divisions of IL&FS Investsmart Limited include activities listed as follows:

·        The Investment Advisory and Broking Division

·        Merchant Banking Division

·        The Project Syndication Division

·        Institutional Equity Broking Division

·        Institutional Debt Broking division

IL&FS Investsmart leverages on its pedigree of IL&FS, which has the core competency of institutional and retail financial services. Infrastructure Leasing and Financial Services Limited (IL&FS), the promoters of IL&FS Investsmart Limited, is a multi-faceted organization providing a range of fund and non-fund based financial services. IL&FS was incorporated in 1987 and is amongst the few institutions in the country specifically mandated to implement infrastructure projects on a commercial format

ORIX Automobiles chooses Microsoft Business Solutions Axapta

ORIX Automobiles Business Solutions (OABS), a joint venture organization between ORIX Corporation, Japan, and IL&FS Ltd., India. In addition to finance lease services for automobiles, OABS also provides rent-a-car, maintenance, and hire purchase services. Operations, which currently target multinational and major local corporate clients, have grown rapidly and OABS is aiming to build a strong position as a total transport solutions provider.

ORIX is an integrated financial services group based in Tokyo, Japan, that provides innovative value-added products and services to both corporate and retail customers. With operations in 23 countries worldwide, ORIX's activities include leasing, corporate finance, real estate-related finance and development, life insurance, and investment and retail banking.

ORIX is made up of 198 consolidated subsidiaries and 72 affiliates. ORIX has 677 offices in Japan, with 175 locations throughout the United States, Asia, Oceania, Europe, the Middle East and Northern Africa (as of March 31, 2003).

ITTIL elevated to Gold Level Partnership status

ITTIL joins the select group of Gold Certified Microsoft Partners after having been elevated to the position based on its consistent performance and delivering successful solutions to its customers.

IL&FS Group  to implement Microsoft Axapta organization wide

The Infrastructure Leasing and Finance Services (IL&FS) Group is implementing Microsoft Business Solutions (MBS) Axapta, to be carried out in a phased manner. Delhi, India, based Gold Certified MBS partner - ITTIL has been appointed to carry out the implementation across the length and breadth of the Group.

IL&FS commenced its operations as an asset based financial institution in 1988 with a focus on two specific areas – commercialization of infrastructure and financial services. Over the past twelve years, their financials have reflected a steady rate of growth, with a corresponding increase in profitability.

Real estate solution for  UNITECH Ltd.

Unitech Ltd., the construction and real estate major, now operates on MBS Navision. The entire gamut of operations starting from the pre-sales to post sales are now captured on-line by the software application customized by ITTIL, the IT consultants and implementation partners of the Unitech Group. Unitech is one of the largest developers and builders in the country with many prestigious residential and commercial projects to its credit. Unitech appointed ITTIL to assist the Group with suitable software solutions to handle their growing business demands and formulate a strategic growth policy for IT related matters. 

All pre-sales to post sales activities are now completely on-line. The customers will now be able to undertake a simulated walk-through of their dream homes, quick selection of payment plans, etc.

POWERTEL to integrate its business operations 

Powertel, the telecom division of Power Grid Corporation of India Ltd., has selected Microsoft Business Solution Navision to handle its consolidated business requirements, after a detailed study of the existing products in the market. Their choice was based on the functionalities offered by the product, the ease of navigation, the simplicity, technology strengths, etc

Powertel customers can look forward to on-line status of their subscribed bandwidth and network links. Powertel themselves will use MBS Navision as a powerful business tool to establish improved relationship with all clients.

Unitech has entrusted the responsibility of its Facilities Management to ITTIL. The dedicated FMS team has played a crucial role in creating a state-of-the-art infrastructure for the organization with complete security network, domains for various departments, digital libraries, firewalls, etc.

ITTIL was consistently involved in the selection of hardware solutions and getting the same implemented across the organization.

Special and segregated network environment was created for the architecture department of the organization with specific features as demanded by the industry standards and the growing demand within the department.