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
Founded1949 
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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