ABOUT TDFC !
Tamilnadu Transport Development Finance Corporation Ltd. (TDFC Ltd.) was started on 25.03.1975 with the objective of moping up of funds from general public for the capital and working capital requirements of State Transport Undertakings in Tamilnadu without depending upon the budgetary support from the Government.For the normal operations, replacement of buses, capital works etc.
TDFC will continue to play a major role by providing Hire Purchase and Term Loan facilities to STUs. The Government will extend minimum support to STUs for regular operational expenses, acquisition and replacement of buses etc. till their financial position improve.
The authorized share capital of the Company is Rs.70.00 crores and paid up share capital is Rs.61.74 crores of which the Government has contributed Rs.43.03 crores and STUs Rs.18.71 crores.
Registration as Non Banking Finance Company with RBI
Tamilnadu Transport Development Finance Corporation has been registered with Reserve Bank of India as a Non-Banking Finance Company.
Board of Directors
The Secretary to Government, Transport Department is the ex-officio Chairman and Managing Director of the Corporation. The Joint Managing Director is the Chief Executive Officer of the Corporation. Other six directors are nominated by the Government including two IAS. Read more about the management here >> Profile Of TTDFCL
Wholly owned by Government of Tamilnadu.
Registered with RBI as a Non Banking Finance Company vide Regn. No.07.00403
Classified as a Hire Purchase Finance Company.
Mobilises funds through various attractive Deposit Schemes.
Provides Financial Assistance to State Transport Undertakings in Tamilnadu Operations fully computerized.
Managed by the Chairman and Managing Director under the Board of Directors where senior IAS officers / Professionals are Directors.
Consistently making profit since its inception in 1975
Deposit Schemes are as per RBI Guidelines
Total Deposits as on 30.06.2011 is Rs.1057.24 Crores
Total Number of Deposits as on 30.06.2011 is 2,20,089.