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INCORPORATION

Tamil Nadu Urban Finance and Infrastructure Development Corporation Ltd(TUFIDCO) was incorporated under the Companies Act, 1956 on 21-03-1990. The main object of the corporation is providing financial assistance and guidance to Local Bodies, Corporations, Boards, Authorities and parastatal agencies for their development schemes. It is also a Nodal Agency to implement Government programme/schemes in the State. The Corporate Identification Number (CIN) of TUFIDCO is "U65191TN1990SGC018909".

SHARE CAPITAL

Authorised share capital:Rs.50.00 crore
Issued and Paid up:Rs.32.00 crore

SHARE HOLDERS

Sl.No
Shareholders category
Amount of paid up share capital (Rs. In lakh)
Share Holding in percentage
1. Government of Tamil Nadu. 3102.00 96.9375%
2. Urban Local Bodies. 78.00 2.4375%
3. Housing and Urban Development Corporation Ltd. 20.00 0.6250%
 
Total
3200.00
100.0000%

The financial highlights of the company

In addition to the Nodal Agency function for Government schemes, TUFIDCO is extending financial assistance from its own source to the Local Bodies and Parastatal Agencies for various Infrastructure development schemes. TUFIDCO has been continuously earning profit right from the year of inception i.e. from 1990-91.

SOURCE

The source of finance as on 31-03-2019 is given below.

Rupees in Crore
A.Capital Base (Authorised) :50.00
B. Net Worth
  (i) Equity (Paid up)
 (ii) Reserves
   (a) General Reserve   :   109.75
   (b) Special Reserve    :   75.71
   (c) Reserve Under Sec 45IC of RBI Act,1934    :   4.88
   (d)Profit and Loss account Surplus    :   16.90
         Total                       :   239.24
:32.00
C.Borrowings
 Banks                   :   178.16
 Public Deposits   :   178.16
 Total                     :   417.40
 TOTAL (B) + (C):772.60

The financial performance of TUFIDCO for the last 3 years is as follows:(Rs. In Crore)

Particulars2018-192017-182016-17
Income58.1556.2346.53
Expenditure26.3429.3424.51
Profit After Tax24.4120.9016.59
Income Tax3.304.9516.32
 
APPROPRIATIONS MADE:
Special Reserve4.614.162.78
General Reserve-14.0011.00
Dividend 9.601.921.92
Dividend tax1.970.390.39
Surplus Carries to BS2.904.291.56
Net Profit On Income (%) 41.9837.1735.66
Earnings Per Share75.5365.3151.86