Tamil Nadu Industrial Investment Corporation Ltd. [TIIC] is the pioneer among State Financial Corporations of the country.  Since its inception in 1949, it has been contributing significantly to the industrial development of Tamilnadu. The main objective of the Corporation is to foster industrial development by providing long term financial assistance to industries in the State. TIIC has assisted 1,03,115 units with a cumulative sanction of Rs.7004.64 crores upto 31.03.09.  

          The Corporation has registered a net profit for the sixth consecutive year. For the year ended 31.3.2009 the net profit has been  Rs.29.36 crores which is the highest in recent years. The State Government's capital infusion of Rs.150 Crores, in March 2008, has helped improve the capital adequacy ratio.

          Loan sanctions have increased to Rs.538.37 crores during 2008-09 from Rs.488.79 crores during 2007-08. Gross NPAs fell from 30.44% during 2007-08 to 24.44% in 2008-09. The Operating Profit per employee has grown from Rs.3.12 lakhs in 2007-08 to Rs.4.88 lakhs during 2008-09. We expect this trend to continue during the current year in spite of economic slow down due to the aggressive marketing efforts and superior service provided by the employees of the Corporation.

          The total income of the Corporation for the financial year 2008-09 was Rs.147.42 crores as compared to Rs.122.15 crores in 2007-08. The increased profits have happened inspite of increased expenses resulting from implementation of Sixth Pay Commission, increased cost of funds and economic recession.

          Capital and Reserves increased from Rs.165.37 crores in 2007-08 to Rs.194.73 Crores in 2008-09. The capital adequacy ratio improved from 1.72% in 2007-08 to 7.66% in 2008-09.

          The Corporation's strategies like extensive customer meets participated by the management and staff, quick response and disposal of applications, enhancing product content, fine tuning of interest-rates and quick disbursal of subsidies have helped to overcome the stiff market competition in the depressed manufacturing scenario.

          TIIC has 6 Regional Offices, 23 Branches, 3 Special Recovery Branches and 4 Field Offices spread all over the state. 

SPECIAL SCHEMES OPERATED BY TIIC:

          TIIC is operating a number of schemes to fulfill the divergent needs/requirements of the industries. Some of the special schemes operated by TIIC are:

• Technology Upgradation Fund for Textile Industries

• Wind Power Projects

• Micro/Small Enterprises Fund Scheme

• Bill Finance Scheme

• Doctor's Growth Scheme

• Working Capital Term Loan for Rice Mill etc.

• Grow an Entrepreneur Scheme.

PERFORMANCE OF THE CORPORATION:

          The performance of the Corporation viz. Sanction, Disbursement and Collection during the last five financial years has been steadily increasing.

                                                                                            [Rs. in Crores]