A STUDY ON FINANCIAL PERFORMANCE OF TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LIMITED
| Main Authors: | Dr. M. Thamaraikannan, V. Yuvarani |
|---|---|
| Format: | Article Journal |
| Terbitan: |
, 2017
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/290677 |
Daftar Isi:
- Tamil Nadu is well placed in the industrial activities by means of diversified industrialization. The State is creating a conducive environment by making appropriate Industrial Policies, IT Policies and provides industrial assistances to the entrepreneurs to promote the industrial growth. Tamilnadu Industrial Investment Corporation has been set up under the State Financial Corporation Act 1951 to cater the financial needs for small and medium scale industrial units by disbursing loans. TIIC has been serving the entrepreneurs for more than 66 years, and it is the right time to analyze its performance. Through this research paper, the investigators have decided to examine and evaluate the financial performance of TIIC. This research paper is based on the performance of the last 13 years made by TIIC from 2002-2003 to 2014-2015. Information is collected through secondary data and they have been analyzed and judged by using financial functions. The findings reveal that the slow growth rate in financial performance affects profitability performance and Performance in Certain Key Areas of Operations of TIIC. So there is a desperate need to take some major and effective steps by TIIC for improving its financial as well as operational status.