About Tamilnad Mercantile Bank
Tamilnad Mercantile Bank is a company based in Thoothukudi (India) founded in 1921.. The company has 4,740 employees as of March 31, 2024. Tamilnad Mercantile Bank operates in a competitive market with competitors including Axis Bank, Yes Bank, Bandhan Bank, UniCredit and HDFC Bank, among others.
- Headquarter Thoothukudi, India
- Employees 4740 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tamilnad Mercantile Bank Limited
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Annual Revenue
$718.1 M (USD)0as on Mar 31, 2025
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Net Profit
$138.47 M (USD)0as on Mar 31, 2025
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EBITDA
$105.91 M (USD)3.63as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
4740
as on Mar 31, 2024
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IPO & Listings of Tamilnad Mercantile Bank
Tamilnad Mercantile Bank is a publicly listed company on the NSE with ticker symbol TMB in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Tamilnad Mercantile Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Tamilnad Mercantile Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tamilnad Mercantile Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tamilnad Mercantile Bank Comparisons
Competitors of Tamilnad Mercantile Bank
Tamilnad Mercantile Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Axis Bank, Yes Bank, Bandhan Bank, UniCredit and HDFC Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a commercial banking services
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Personal and business banking services are offered to underbanked markets.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial and personal banking services are offered by HDFC Bank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to corporate and retail customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tamilnad Mercantile Bank
Frequently Asked Questions about Tamilnad Mercantile Bank
When was Tamilnad Mercantile Bank founded?
Tamilnad Mercantile Bank was founded in 1921.
Where is Tamilnad Mercantile Bank located?
Tamilnad Mercantile Bank is headquartered in Thoothukudi, India. It is registered at Thoothukudi, Tamil Nadu, India.
Who is the current CEO of Tamilnad Mercantile Bank?
Sankarasubramaniam Krishnan is the current CEO of Tamilnad Mercantile Bank.
How many employees does Tamilnad Mercantile Bank have?
As of Mar 31, 2024, the latest employee count at Tamilnad Mercantile Bank is 4,740.
What is the annual revenue of Tamilnad Mercantile Bank?
Annual revenue of Tamilnad Mercantile Bank is $718.1M as on Mar 31, 2025.
What does Tamilnad Mercantile Bank do?
Founded in 1921 in Thoothukudi, India, Tamilnad Mercantile Bank functions as a commercial bank. Deposits, loans, and various financial services are extended to retail and corporate customers. Operations are conducted primarily in southern India through a network of branches. The institution is headquartered in Thoothukudi and overseen by CEO and Managing Director Sankarasubramaniam Krishnan, with focus on standard banking activities.
Who are the top competitors of Tamilnad Mercantile Bank?
Is Tamilnad Mercantile Bank publicly traded?
Yes, Tamilnad Mercantile Bank is publicly traded on NSE under the ticker symbol TMB.
What is Tamilnad Mercantile Bank's ticker symbol?
The ticker symbol of Tamilnad Mercantile Bank is TMB on NSE.