Tamilnad Mercantile Bank Profile
Key Indicators
- Authorised Capital ₹ 280.00 Cr
- Paid Up Capital ₹ 158.35 Cr
- Company Age 103 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- 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 nine 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 2023. 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 is Pudur Krishnan as CFO. Chittur Kumar, Subramaniam Kumar, Chandrasekaran Chiranjeeviraj, and Seven 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
05 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Chennai
Industry
Financial Services
Who are the key members and board of directors at Tamilnad Mercantile Bank?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Krishnan Sankarasubramanian  | Managing Director | 04-Sep-2022 | Current |
| Pudur Krishnan | CFO | 03-Aug-2021 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Annamalai Sankar | Director | 28-Oct-2020 | Current |
| Chittur Kumar | Nominee Director | 04-Oct-2022 | Current |
| Subramaniam Kumar | Nominee Director | 11-Sep-2020 | Current |
| Chandrasekaran Chiranjeeviraj | Director | 28-Oct-2020 | Current |
| Shanmugam Ashok | Director | 28-Oct-2017 | Current |
| Shivavel Jothi | Director | 27-Mar-2017 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
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Charges (Loans)
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.
Deals i
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
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
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
- 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 11 months 19 days .
- Annual General Meeting
Tamilnad Mercantile Bank Limited last Annual general meeting of members was held on 05 Sep 2023 as per latest MCA records.
- Balance Sheet
Tamilnad Mercantile Bank Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- 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 4 months .
- Director Appointment
Shanmugam Rajendran Ashok was appointed as a Director was appointed as a Director on 28 Oct 2017 & has been associated with this company since 7 years 4 months .
- Director Appointment
Dhanushkodi Nithyanandam Nirranjan Kani was appointed as a Director was appointed as a Director on 28 Oct 2017 & has been associated with this company since 7 years 4 months .
Recent News, Updates & Announcement
- Banking Blunder Leads to CEO's Resignation: Cab Driver Wrongly Credited with Rs 9,000 Crore.
When you resign as MD and CEO of a bank because a cab driver was wrongly credited with Rs 9,000 crore, but you still have 2/3 of your term left. Bank says they'll ask RBI for advice. Cab driver thought it was a scam, but it was real. He even transferred Rs 21,000 to his friend before realizing it was a mistake. But the bank took the money back within half an hour. #Awkward #BankingBlunder #ResignationTime.
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.
- Chittur Subramanian Ram Kumar
- Subramaniam Babu Suresh Kumar
- Chandrasekaran Chiranjeeviraj
- Shanmugam Rajendran Ashok
- Shivavel Ezhil Jothi
- Krishnan Sankarasubramanian
- Dhanushkodi Nithyanandam Nirranjan Kani
- Balakrishnan Prabaharan
- Annamalai Niranjan Sankar
- Sridharan Srirengarajan
- Pudur Ananthanarayanan Krishnan
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 57Victoria Extension Road, Thoothukudi, Tamil Nadu, India, 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 2023.
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