Mumbai, 21st February, 2016: IL&FS Financial Services, a leading non-banking finance company, successfully hosted the fourth edition of its ‘I Run for Fun’ event at the Bandra-Kurla Complex today.
Powered by Yes Bank, ‘I Run for Fun 2016’ is aimed at helping increasingly desk-bound executives incorporate fitness into their daily routines.
First held in 2013, the initiative has steadily gained in popularity and over 5,000 running enthusiasts from across the financial services industry turned out to take part in the event and be a part of this unique initiative. The event, comprising races in two categories – 5 km ‘I Run for Fun’ and 10 km Run , was flagged off by Mr. Ramesh Bawa, Managing Director & CEO, IL&FS Financial Services at the IL&FS Financial Center at the Bandra-Kurla Complex.
This year Shander Singh won the 10 km Run in the men’s open category whereas Neelam Rajput bagged honours in the women’s category in ‘I Run for Fun 2016’ race.
A separate race for specially-abled children was also organized by IL&FS along with NGO ADAPT (Able Disable All People Together), formerly known as Spastic Society, that saw 15 children take part. The partnership with ADAPT is part of the company’s CSR commitment and IL&FS has pledged to donate a part of the online receipts generated by the run to the NGO.
Mr. Ramesh Bawa, MD & CEO, IL&FS said, “At IL&FS we are committed to the well-being of employees working in the financial services industry. Exercise is a great stress buster and boosts productivity and ‘I Run for Fun’ is aimed at encouraging our industry’s workforce to adopt a fit and active lifestyle. The turnout for the event has been growing every year since the first time it was held in 2013 and this year has seen the highest number of runners yet. Clearly our efforts at promoting corporate fitness are paying off which only reinforces our commitment to ensuring fitness is a key part of all of our daily routines.”
IL&FS Financial Services Limited (IFIN) is the investment-banking arm of the IL&FS Group with a strong client base and provides end-to-end financial solutions including project finance advisory & syndication, financial structuring and equity placements. IFIN is very active in mobilizing project and corporate debt and equity for India Centric initiatives. IFIN has a strong presence in domestic financial markets with strong relationships with Indian Financial Institutions, Banks and Insurance Companies. Huge investments are needed in India in both the Infrastructure sector and Manufacturing sector, to make India more competitive. In this context, India is a capital deficient economy and therefore it is important to supplement domestic resource pools with international pools of capital. Towards this direction and objective IFIN intends to strengthen its international network of financial partners and currently has overseas offices in London, Singapore Hongkong and Dubai.