Website www.tiic.org Headquarters Chennai | Founded 1972 Owner Government of Tamil Nadu | |
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Key people Thiru Swaran Singh, I.A.S., Principal Secretary, Chairman & Managing Director for TIIC | ||
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.
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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
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: