Tamil Nadu Industrial Investment Corporation Limited

The Tamil Nadu Industrial Investment Corporation Limited (TIIC) (Tamil: தமிழ்நாடு தொழில் முதலீட்டுக் கழகம்), Limited is an institution owned by the government of Tamil Nadu and is intended as a catalyst for the development of small, medium and large scale industries in Tamil Nadu. It was established in 1949.

Tamil Nadu Industrial Investment Corporation Limited
Headquarters692, Anna Salai, Nandanam, Chennai - 600035, Tamil Nadu, India [1]
Key people
Thiru N.Muruganandam, IAS, Principal Secretary, Chairman of TIIC

&

Tmt M Aarthi IAS, Managing Director of TIIC
OwnerGovernment of Tamil Nadu
Websitewww.tiic.org

History

The Tamil Nadu Industrial Investment Corporation Limited (TIIC), a government company incorporated under the Companies Act 1913 and continues to be a government company under The Companies Act, 1956. The authorised share capital of the company is ₹300 crores and the paid up capital of the company is ₹283.4956 crores [2]

Functions

TIIC as a State Level Financial Institution, offers long and medium term financial assistance to various industries including service sector in the following forms:

  • Term Loans
  • Term Loan and Working Capital Term Loans under the Single Window Scheme.
  • Special types of assistance like Bill Financing Scheme, etc.[3]

References
  1. "Location of Company". tn.gov.in. Retrieved 30 October 2012.
  2. "History of Company" (PDF). tn.gov.in. Retrieved 30 October 2012.
  3. "Functions of Company" (PDF). tn.gov.in. Retrieved 30 October 2012.


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