The company was formed in 2000 as a subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS), a major player in infrastructure development and financing in India. IL&FS Transportation has become the largest BOT road asset owner in India, with a portfolio of approximately 13,100 lane km. It is a market leader in the transport infrastructure sector, with a presence in metro rail, city bus services, and border check-posts. The company also has an international footprint in Spain, Portugal, and Latin America through the acquisition of Elsamex S.A. The company's operations include the development, implementation, construction management, operation, and management of toll roads and advisory services relating to road sector projects in India.