Innovassynth Investments Limited (IIL) was incorporated on February 15, 2008 as a public limited company under the Companies Act. IIL obtained the certificate of commencement of business on March 4, 2008. IIL was promoted by Futura Polyesters (FPL) with an initial paid up capital of Rs 5 lakhs. The objects for which the company was incorporated are set out in the Memorandum & Articles of Association of the company. The main purpose for forming IIL was to take over or acquire the equity shares of Innovassynth Technologies, held by FPL under a Scheme of Arrangement to be entered into by FPL and IIL with its shareholders.

Business area of the company:

The company is in to the business of finance and investments.