Tamil Nadu State Transport Corporation (Madurai) Limited - Company Profile

It is a transport and logistics public limited state government company based in Madurai, Tamil Nadu, India, established in 1971.

1971 Madurai, Tamil Nadu, India Active

Last Updated: January 11, 2026

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About Tamil Nadu State Transport Corporation (Madurai) Limited

Tamil Nadu State Transport Corporation (Madurai) Limited, a active public limited state government company, was established on 10 December 1971 in Madurai, Tamil Nadu, India. Engaging in passenger transport within the transport and storage sector, it holds CIN: U93090TN1971SGC006089. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹1,433.00 Cr and a paid-up capital of ₹1,011.45 Cr.

Formerly known as Pandian Roadways Corporation Ltd. It upholds a compliant status. Its leadership includes Venkatesan Venkatarajan (Director), Premgopal Thottapalli Viswanathan (Director), Arumugam Padma (Director). Past directors included Atulya Misra, Murugan Subramanian, Rajakkoor Muthumalaiswamy Cheralathan. It holds ₹727.51 Cr open charges and ₹124.35 Cr settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at Bye Pass Road,, Madurai, Tamil Nadu, 625010.

Company Details

CIN/LLPIN
U93090TN1971SGC006089
Registration Number
006089
Incorporation Date
10 December 1971
Authorized Capital
₹1,433.00 Cr
Paid-Up Capital
₹1,011.45 Cr
ROC Code
Roc Chennai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1,433.00 Cr as on 11-01-2026
Paid Up Capital ₹ 1,011.45 Cr as on 11-01-2026
Company Age 54 Year, 2 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 727.51 Cr as on 11-01-2026
Satisfied Charges ₹ 124.35 Cr as on 11-01-2026
Revenue Growth **** 45.97% (FY 2023)
Profit Growth **** 9.37% (FY 2023)
Ebitda **** -13.99% (FY 2023)
Net Worth -12.43% (FY 2023)
Total Assets **** 68.17% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Tamil Nadu State Transport Corporation (Madurai) Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Tamil Nadu State Transport Corporation (Madurai) Limited?

Current Directors

Name	Designation	Appointment Date	Status
Venkatesan Venkatarajan	Director	02 Jun 2025	Current
Premgopal Thottapalli Viswanathan	Director	14 Jul 2021	Current
Arumugam Padma	Director	13 Sep 2023	Current
Kasilingam Ramesh Babu	Director	13 Sep 2023	Current
Ramasamy Singaravelu	Managing Director	09 Oct 2024	Current
Dasarathan	Director	04 Jul 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	08 Sep 2010	Past
Pramod Abcsdd	Director	22 Jul 2008	Past
Pramod Abcsdd	Director	28 Jul 2008	Past
Pramod Abcsdd	Director	28 Jul 2008	Past
Pramod Abcsdd	Director	25 Mar 2011	Past
Pramod Abcsdd	Director	03 Oct 2013	Past

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Financial Performance of Tamil Nadu State Transport Corporation (Madurai).

Tamil Nadu State Transport Corporation (Madurai) Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45.97% increase. The company also saw a slight improvement in profitability, with a 9.37% increase in profit. The company's net worth observed a substantial decline by a decrease of 12.43%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

45.97%

*******

Revenue from Operations

*******

35.97%

*******

Total Assets

*******

68.17%

*******

Profit or Loss

*******

9.37%

*******

Net Worth

*******

-12.43%

*******

EBITDA

*******

-13.99%

*******

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What is the Ownership and Shareholding Structure of Tamil Nadu State Transport Corporation (Madurai)?

In 2023, Tamil Nadu State Transport Corporation (Madurai) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹7,275,100,000.00

Satisfied Charges

₹1,243,519,276.00

Charges Breakdown by Lending Institutions

Others : 721.71 Cr
Tamilnadu Transport Development Finance Co Ltd : 5.00 Cr
Indian Oserveas Bank : 0.75 Cr
Bank Of Madura L Td : 0.05 Cr

Latest Charge Details

Date	Lender	Amount	Status
02 Feb 2009	Others	₹721.71 Cr	Open
12 Sep 1996	Tamilnadu Transport Development Finance Co Ltd	₹5.00 Cr	Open
30 May 1975	Bank Of Madura L Td	₹0.50 M	Open
02 Nov 1971	Indian Oserveas Bank	₹7.50 M	Open
19 Oct 2011	Indian Overseas Bank	₹6.00 Cr	Satisfied

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How Many Employees Work at Tamil Nadu State Transport Corporation (Madurai)?

Unlock and access historical data on people associated with Tamil Nadu State Transport Corporation (Madurai), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Tamil Nadu State Transport Corporation (Madurai), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Tamil Nadu State Transport Corporation (Madurai)'s trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Tamil Nadu State Transport Corporation (Madurai)

Recent Activity within the Organization

Director Appointment

The activity Arunagiri Ganapathi was appointed as a Director was appointed as a Director on 01 Sep 2025 & has been associated with this company since 6 months 1 day . was completed.
01 Sep 2025
Director Appointment

The activity Thirumalaivasan was appointed as a Cfo was appointed as a Cfo on 24 Jul 2025 & has been associated with this company since 7 months 9 days . was completed.
24 Jul 2025
Director Appointment

The activity Rajendran Lilly was appointed as a Director was appointed as a Director on 10 Jul 2025 & has been associated with this company since 7 months 23 days . was completed.
10 Jul 2025
Director Appointment

The activity Dasarathan was appointed as a Director was appointed as a Director on 04 Jul 2025 & has been associated with this company since 7 months 29 days . was completed.
04 Jul 2025
Director Appointment

Natarajan was appointed as a Director was appointed as a Director on 02 Jul 2025 & has been associated with this company since 8 months . was recorded as a recent event.
02 Jul 2025
Charges

A charge with Others of Rs. 721.71 Cr registered on 02 Feb 2009 with Charge ID 10144057 was modified on 12 Jun 2025. was recorded as a recent event.
12 Jun 2025

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