Tamil Nadu Industrial Investment Corporation Limited

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Tamil Nadu Industrial Investment Corporation Limited
Headquarters 692, Anna Salai, Nandanam, Chennai - 600035, Tamil Nadu, India [1]
Key people
 Thiru Swaran Singh, I.A.S., Principal Secretary, Chairman & Managing Director for TIIC [2]
Owner Government of Tamil Nadu
Website www.tiic.org

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.

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 Rs.300 Crores and the paid up capital of the company is Rs.283.4956 Crores [3]

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.

[4]

References

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External links


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