Tamilnadu Industrial Development Corporation Profile
Key Indicators
- Authorised Capital ₹ 1,250.00 Cr
- Paid Up Capital ₹ 172.03 Cr
- Company Age 59 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 4.15 Cr
- Satisfied Charges ₹ 227.00 Cr
- Revenue Growth 99.41%
- Profit Growth 113.08%
- Ebitda -6.27%
- Net Worth 45.80%
- Total Assets 40.04%
About Tamilnadu Industrial Development Corporation
Tamilnadu Industrial Development Corporation Limited (TIDCL) was founded in India on 21 May 1965 and has a glorious history of 59 years and nine months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Madras State Industrial Development Corporation Limited. 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 1,250.00 Cr and a paid-up capital of Rs 172.03 Cr.
The company currently has active open charges totaling ₹4.15 Cr. The company has closed loans amounting to ₹227.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Tamilnadu Industrial Development Corporation Limited India are Ravikumar Roopa as COMPANY SECRETARY and Sundaram Sivaprakash as Cfo. Nandini Rangaswamy, Maniedath Nambiar, Arun Vijayakrishnan, and Eight other members serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65993TN1965SGC005327
- Company No.
005327
- Company Classification
Public Limited State Government Company
- Incorporation Date
21 May 1965
- Date of AGM
27 Nov 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Tamilnadu Industrial Development Corporation?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ravikumar Roopa | Company Secretary | 19-Mar-2024 | Current |
Sandeep Nanduri  | Managing Director | 14-Oct-2023 | Current |
| Sundaram Sivaprakash | CFO | 18-Mar-2024 | Current |
Board Members (10)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nandini Rangaswamy | Director | 16-Mar-2019 | Current |
| Maniedath Nambiar | Director | 16-Mar-2019 | Current |
| Arun Vijayakrishnan | Nominee Director | 27-Sep-2023 | Current |
| Ramasamy Selvaraj | Nominee Director | 10-Sep-2024 | Current |
| Udhayachandran Thangaraju | Nominee Director | 29-May-2023 | Current |
| Pooja Kulkarni | Nominee Director | 10-Sep-2024 | Current |
Financial Performance of Tamilnadu Industrial Development Corporation.
Tamilnadu Industrial Development Corporation Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 99.41% increase. The company also saw a substantial improvement in profitability, with a 113.08% increase in profit. The company's net worth Soared by an impressive increase of 45.8%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Tamilnadu Industrial Development Corporation?
In 2022, Tamilnadu Industrial Development Corporation had a promoter holding of 100.00%. The company had 4 Subsidiaries, 8 Joint Ventures and 15 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Tneb LimitedMariam Baldev is a mutual person
Titan Company LimitedArun Vijayakrishnan, Sandeep Nanduri and 1 more are mutual person
Tidel Park Coimbatore LimitedSandeep Nanduri and Venugopalan Vishnu are mutual person
Tamilnadu Trade Promotion OrganisationArun Vijayakrishnan and Sandeep Nanduri are mutual person
Charges (Loans)
₹4.15 Cr
₹227.00 Cr
Charges Breakdown by Lending Institutions
- Tamil Nadu Transport Development Finance Corporation Ltd. : 2.00 Cr
- State Bank Of India : 1.20 Cr
- Punjab National Bank : 0.75 Cr
- Housing Develpment Finance Corporation Ltd : 0.13 Cr
- United Commercial Bank : 0.05 Cr
- Others : 0.02 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jul 1988 | Indian Overseas Bank | ₹0.22 M | Open |
| 16 Aug 1983 | Housing Develpment Finance Corporation Ltd | ₹1.30 M | Open |
| 29 Jun 1983 | Tamil Nadu Transport Development Finance Corporation Ltd. | ₹2.00 Cr | Open |
| 14 Jun 1983 | State Bank Of India | ₹4.51 M | Open |
| 10 Aug 1972 | State Bank Of India | ₹7.50 M | Open |
How Many Employees Work at Tamilnadu Industrial Development Corporation?
Unlock and access historical data on people associated with Tamilnadu Industrial Development Corporation, 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 Tamilnadu Industrial Development Corporation, 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 Tamilnadu Industrial Development Corporation'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.
