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Tamil Nadu Industrial Development Corporation Ltd., hereinafter referred to as TIDCO, was registered under the Companies Act, 1956, as a public limited company with the Registrar of Companies, Tamil Nadu on 21st day of May 1965. The entire equity shares issued by TIDCO is continuously held by the Government of Tamil Nadu from the date of inception and hence TIDCO is continuing to be a wholly owned Government of Tamil Nadu Enterprise. TIDCO was established with the following main objectives.

TIDCO is promoting large and medium scale industries in Joint Venture in partnership with private sector companies and individual entrepreneurs either in Joint Sector or in Associate Sector and TIDCO's participation in the equity capital of Joint and Associate Sector companies will be restricted to 26% and 2 to 11% respectively. TIDCO also provides escort services where the promoters don't want TIDCO's equity participation and as a token of TIDCO's participation, TIDCO invests upto 1% of the equity if it is necessary. Many reputed industrial houses of the country, such as, Tata, Birla, MAC Group, JK Group, LMW, Sakthi Group, Nagarjuna Group, IL&FS and Mahindra Group have set up joint venture units in association with TIDCO in the State of Tamil Nadu in various fields like Iron & Steel, Fertilizers, Chemicals, Watches etc.

As on 31-3-2008, the total paid-up capital of TIDCO is Rs. 72.03 Crores and TIDCO's investment in about 87 companies including 27 companies already disinvested is Rs. 362 Crores. TIDCO was able to generate total investment to the extent of about Rs. 21,000 Crores in these 87 companies set up across the Tamil Nadu with its investment of Rs. 362 Crores through public and private participation.

Some of the important companies promoted through private and public sector participation since 1965 being the year of formation of TIDCO are as follows:

Sl.No. Name of the Company Private Promoter Group
1. Titan Industries Ltd Tata Group
2. Tanfac Industries Ltd Birla Group
3. Tamil Nadu Iron Ore Mining Corporation Ltd Jindal Group
4. TIDEL Park Ltd Hyundai (Main Contractors) Financial Institutions & Banks
5. Mahindra World City Developers Ltd Mahindra Group
6. Southern Petrochemical Industries Corpn.Ltd (SPIC) MAC Group
7. Tamil Nadu Petroproducts Ltd (TPL) and Tuticorin Alkali Chemicals Ltd (TAC) SPIC Group
8. SKM Egg Products Export (India) Ltd SKM Group
9. Automotive Coaches & Components Ltd Ashok Leyland
10. Tamil Nadu Road Development Company Ltd (TNRDC) and IT Expressway Limited, a subsidiary of TNRDC. IL &FS

In the four decades of its existence, TIDCO has emerged as a dependable partner and an excellent facilitator to potential investors and entrepreneurs in private sector.

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This site was updated on 18th September 2018
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Tamil Nadu Industrial Guidance & Export Promotion Bureau
( Industries Department - Govt. of Tamil Nadu )
19-A, Rukmani Lakshmipathy Salai, Egmore, Chennai - 600 008. INDIA

Phone: +91-44-2855 3866 | Fax: +91-44-2855 3856 |

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