Tamilnad Mercantile Bank Limited

Private sector bank offering various financial services and online banking options.

1921 | Tuticorin, Tamil Nadu (India) | Active
Last Updated:

Tamilnad Mercantile Bank Profile

Key Indicators

  • Authorised Capital ₹ 280.00 Cr
  • Paid Up Capital ₹ 158.35 Cr
  • Company Age 103 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 1.15%
  • Profit Growth 25.23%
  • Ebitda 124.37%
  • Net Worth 29.85%
  • Total Assets 9.53%

About Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Limited (TMBL) was founded in India on 11 May 1921 and has a glorious history of 103 years and 11 months. Its registered office is in Tuticorin, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 543596.

The Corporate was formerly known as The Nadar Bank Ltd. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 280.00 Cr and a paid-up capital of Rs 158.35 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Tamilnad Mercantile Bank Limited India are Pudur Krishnan as CFO and Swapnil Yelgaonkar as Company Secretary. Thomas Mathew, Chittur Kumar, Chandrasekaran Chiranjeeviraj, and Six other members serve as directors at the Company.

Company Details

  • Location

    Tuticorin, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

  • Apps

Corporate Identity Details

  • CIN/LLPIN

    L65110TN1921PLC001908

  • Company No.

    001908

  • Stock Symbol

    BSE : 543596

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 May 1921

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Financial Services
Company report

Tamilnad Mercantile Bank Limited

Explore comprehensive data for Tamilnad Mercantile Bank Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Tamilnad Mercantile Bank?

Executive Team (2)

NameDesignationAppointment DateStatus
Pudur Krishnan CFO03-Aug-2021Current
Swapnil Yelgaonkar Country flag representing In Company Secretary22-Jun-2024Current

Board Members (9)

NameDesignationAppointment DateStatus
Annamalai Sankar Country flag representing In Director 28-Oct-2020Current
Thomas Mathew Country flag representing In Nominee Director 07-Jun-2024Current
Chittur Kumar Country flag representing In Nominee Director 04-Oct-2022Current
Chandrasekaran Chiranjeeviraj Country flag representing In Director 28-Oct-2020Current
Shanmugam Ashok Country flag representing In Director 28-Oct-2017Current
Shivavel Jothi Country flag representing In Director 27-Mar-2017Current

Financial Performance of Tamilnad Mercantile Bank.

Tamilnad Mercantile Bank Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 1.15% increase. The company also saw a substantial improvement in profitability, with a 25.23% increase in profit. The company's net worth Soared by an impressive increase of 29.85%.

Tamilnad Mercantile Bank revenue growth over time
Tamilnad Mercantile Bank profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
1.15%
Revenue from Operations
6.45%
Total Assets
9.53%
Profit or Loss
25.23%
Net Worth
29.85%
EBITDA
124.37%

What is the Ownership and Shareholding Structure of Tamilnad Mercantile Bank?

In 2022, Tamilnad Mercantile Bank had a public holding of 99.99%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Tamilnad Mercantile Bank?

Unlock and access historical data on people associated with Tamilnad Mercantile Bank, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Tamilnad Mercantile Bank Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Tamilnad Mercantile Bank, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Tamilnad Mercantile Bank's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Tamilnad Mercantile Bank

Recent activity within the organization

  • Annual General Meeting

    Tamilnad Mercantile Bank Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Director Appointment

    Swapnil Ashok Yelgaonkar was appointed as a Company Secretary was appointed as a Company Secretary on 22 Jun 2024 & has been associated with this company since 10 months 11 days .

  • Director Appointment

    Thomas Mathew was appointed as a Nominee Director was appointed as a Nominee Director on 07 Jun 2024 & has been associated with this company since 10 months 26 days .

  • Balance Sheet

    Tamilnad Mercantile Bank Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Director Appointment

    Sridharan Srirengarajan was appointed as a Director was appointed as a Director on 13 Mar 2024 & has been associated with this company since 1 year 1 month .

  • Director Appointment

    Annamalai Niranjan Sankar was appointed as a Director was appointed as a Director on 28 Oct 2020 & has been associated with this company since 4 years 6 months .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Tamilnad Mercantile Bank Limited?

    Tamilnad Mercantile Bank Limited was incorporated on 11 May 1921.

  • What is authorized share capital and paid-up capital of Tamilnad Mercantile Bank Limited?

    The authorized share capital of Tamilnad Mercantile Bank Limited is ₹ 280.00 Cr and paid-up capital is ₹ 158.35 Cr.

  • Who are the current board members & directors of Tamilnad Mercantile Bank Limited?

    Currently 11 directors are associated with Tamilnad Mercantile Bank Limited.

    • Pudur Ananthanarayanan Krishnan
    • Swapnil Ashok Yelgaonkar
    • Thomas Mathew
    • Chittur Subramanian Ram Kumar
    • Chandrasekaran Chiranjeeviraj
    • Shanmugam Rajendran Ashok
    • Shivavel Ezhil Jothi
    • Sridharan Srirengarajan
    • Dhanushkodi Nithyanandam Nirranjan Kani
    • Balakrishnan Prabaharan
    • Annamalai Niranjan Sankar

  • What is the registered address of Tamilnad Mercantile Bank Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Tamilnad Mercantile Bank Limited is 57, Victoria Extension Road India, Thoothukudi, Tamil Nadu, 628002.

  • What is the corporate identification number (CIN) and company number of Tamilnad Mercantile Bank Limited?

    The corporate identification number (CIN) of Tamilnad Mercantile Bank Limited is L65110TN1921PLC001908 and the company number is 001908 as per Ministry of Corporate Affairs (MCA).

  • Is Tamilnad Mercantile Bank Limited registered with any stock exchange in India?

    Yes, Tamilnad Mercantile Bank Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Tamilnad Mercantile Bank Limited?

    The Official website of Tamilnad Mercantile Bank Limited is https://www.tmb.in

  • What has been the recent revenue trend for Tamilnad Mercantile Bank Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Tamilnad Mercantile Bank Limited has risen by 1.15%.

  • What change has been observed in the net worth of Tamilnad Mercantile Bank Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Tamilnad Mercantile Bank Limited has experienced an upsurge of 29.85%.

  • When was the last Balance Sheet of Tamilnad Mercantile Bank Limited filed with the ROC?

    The most recent Balance Sheet for Tamilnad Mercantile Bank Limited was filed with the ROC on 31 Mar 2024.

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