Tamilnad Mercantile Bank Limited - Company Profile

It is a financial services public limited company based in Thoothukudi, Tamil Nadu, India, established in 1921.

1921 Thoothukudi, Tamil Nadu, India Active

Last Updated: January 05, 2026

About Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank Limited, a active public limited company, was established on 11 May 1921 in Thoothukudi, Tamil Nadu, India. Engaging in banking institutions within the financial and insurance service sector, it holds CIN: L65110TN1921PLC001908. Registered under ROC Roc Chennai. it is listed on BSE: 543596. It has an authorized capital of ₹280.00 Cr and a paid-up capital of ₹158.35 Cr.

Formerly known as The Nadar Bank Ltd. It upholds a compliant status. In 2024, it reported revenue of ₹5,492.86 Cr and a net worth of ₹7,921.20 Cr. Its leadership includes Shidambaranathan Arumugasami (Director), Deepakshankar Rameshprabhu (Director), Salee Sukumaran Nair (Managing Director). Past directors included Shidambaranathan Arumugasami, Annamalai Rajagopalan, Asok Kumar Periyanadar Chidambaram Nadar Ganesan. Its latest AGM occurred on 08 August 2025, with the balance sheet filed on 31 March 2025. It is based at 57,Victoria Extension Road, Thoothukudi, Tamil Nadu, 628002.

Company Details

CIN/LLPIN
L65110TN1921PLC001908
Registration Number
001908
Incorporation Date
11 May 1921
Authorized Capital
₹280.00 Cr
Paid-Up Capital
₹158.35 Cr
ROC Code
Roc Chennai
Listing Status
Listed (BSE: 543596)
Company Status
Active

Key Metrics

Authorised Capital ₹ 280.00 Cr as on 05-01-2026
Paid Up Capital ₹ 158.35 Cr as on 05-01-2026
Company Age 104 Year, 9 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 16.62% (FY 2024)
Profit Growth **** 4.16% (FY 2024)
Ebitda **** 3.63% (FY 2024)
Net Worth 14.33% (FY 2024)
Total Assets **** 6.32% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Tamilnad Mercantile Bank 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 Tamilnad Mercantile Bank Limited?

Current Directors

Name	Designation	Appointment Date	Status
Shidambaranathan Arumugasami	Director	01 Apr 2025	Current
Deepakshankar Rameshprabhu	Director	09 Jul 2024	Current
Salee Sukumaran Nair	Managing Director	29 Aug 2024	Current
Chandrasekaran Chiranjeeviraj	Director	16 Jul 2021	Current
Shanmugam Rajendran Aravindkumar	Director	19 Nov 2025	Current
Chittur Subramanian Ram Kumar	Nominee Director	04 Oct 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	03 Jun 2025	Past
Pramod Abcsdd	Director	27 Feb 2008	Past
Pramod Abcsdd	Director	31 Jan 2024	Past
Pramod Abcsdd	Director	05 Jun 2008	Past
Pramod Abcsdd	Additional Director	26 Sep 2024	Past
Pramod Abcsdd	Director	28 Feb 2024	Past

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Financial Performance of Tamilnad Mercantile Bank.

Tamilnad Mercantile Bank Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 16.62% increase. The company also saw a slight improvement in profitability, with a 4.16% increase in profit. The company's net worth Soared by an impressive increase of 14.33%.

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

********

16.62%

*******

Revenue from Operations

*******

18.79%

*******

Total Assets

*******

6.32%

*******

Profit or Loss

*******

4.16%

*******

Net Worth

*******

14.33%

*******

EBITDA

*******

3.63%

*******

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What is the Ownership and Shareholding Structure of Tamilnad Mercantile Bank?

In 2022, Tamilnad Mercantile Bank had a public holding of 99.99%. 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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How Many Employees Work at Tamilnad Mercantile Bank?

Unlock and access historical data on people associated with Tamilnad Mercantile Bank, 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 Tamilnad Mercantile Bank, 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 Tamilnad Mercantile Bank's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Tamilnad Mercantile Bank

Recent Activity within the Organization

Director Appointment

Progress on Shanmugam Rajendran Aravindkumar was appointed as a Director was appointed as a Director on 19 Nov 2025 & has been associated with this company since 3 months 9 days . was documented.
19 Nov 2025
Director Appointment

Ravindran Kodeeswaran was appointed as a Director was appointed as a Director on 19 Nov 2025 & has been associated with this company since 3 months 9 days . was recorded as a recent event.
19 Nov 2025
Annual General Meeting

Progress on Tamilnad Mercantile Bank Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records. was documented.
08 Aug 2025
Director Appointment

Ramachandran Krishnaswamy was appointed as a Director was appointed as a Director on 12 Jun 2025 & has been associated with this company since 8 months 16 days . was recorded as a recent event.
12 Jun 2025
Director Appointment

Progress on Sanjoy Kumar Goel was appointed as a Cfo was appointed as a Cfo on 09 Apr 2025 & has been associated with this company since 10 months 19 days . was documented.
09 Apr 2025
Director Appointment

The activity Shidambaranathan Arumugasami was appointed as a Director was appointed as a Director on 01 Apr 2025 & has been associated with this company since 10 months 27 days . was completed.
01 Apr 2025

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