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Profile
- Wholly owned by the Govt. of Tamil Nadu State.
- Registered with RBI as a Non Banking Finance Company
(Registeration No: 07.00403) - Classified as a Investment and Credit Company by RBI.
- Provides Financial Assistance to State Transport Undertakings (STUs) of Government of Tamil Nadu
- Managed by the Chairman cum Managing Director under the Board of Directors where IAS officers/ Professionals are Directors.
- Total Deposits as on 31-Mar-2024 is Rs. 9,669.20 Crores
- Company is consistently making profit since its inception (1975).
- Attractive Deposit Schemes are as per RBI Guidelines
- Company's authorised share capital is Rs. 3,500.00 crores.
- Company paid up share capital is Rs. 3,114.96 crores of which the Government of Tamil Nadu has contributed Rs. 3,114.96 crores.