Tamilnad Mercantile Bank Unlisted Shares
Banking Services Company
Tamilnad Mercantile Bank, established in 1921 aims to widen its appeal beyond the Nadar community. It was the fastest-growing private sector bank and has also become a scheduled bank under the Reserve Bank of India Act.
Today, the bank has 509 full-fledged branches all over India that are computerized and interconnected, 12 regional offices, 11 extension counters, 1 service branch, 4 currency chests, and much more. In 1922, the bank had a net profit of Rs 6984 crore and now it has spurted its profit to Rs 258 crores in 2019. Hence, the high level of profit that the bank earned enabled it to build up the reserve base and let the high level sustain. TMB is focused on the priority sector and has established a robust information security governance framework.
You may start investing in Unlisted Mitra where you get an excellent investment opportunity. It provides you with the complete one-solution for research and investment and helps you own an idea within no time with complete transparency. We have a dedicated relationship manager for all queries related to all kinds of unlisted shares, deal with complete transparency, and consist of an expert team who will resolve all your doubts and queries. Our deals are time-efficient and are driven by advanced technologies.
Thiru K.V. Rama Murthy MD & CEO
Thiru A. Shidambaranathan Vice President
Category of shareholder No. of shares Holding (in %)
Robert and Adris James Company Limited 70,54,080 4.95
Starship Equity Holdings Limited 67,27,500 4.72
Subcontinental Equities Limited 66,17,709 4.64
East River Holdings Limited 53,05,089 3.72
Swiss RE Investors (Mauritius) Limited 50,72,124 3.56
FI Investments (Mauritius) Limited 27,04,899 1.90
C.S.Rajendran 20,83,404 1.46
Hibiscus Enterprises LLP 20,16,024 1.41
Meenakshi R 18,99,792 1.33
Senthil M.G. 18,99,792 1.33
Total outstanding shares of the company 14,25,11,454 100
TMB has reported a jump of Rs 241.54 crore in 2020 and consists of 75.64% of its adjusted net banking credit. Then, the GAP assessment concerning RBI guidelines was out in which 614 actionable items were identified and have been completely achieved and then there were no further requirements for that following year. We provide you with an excellent investment opportunity that focuses on long-term wealth creation. Also, offers unlisted shares with a healthy growth rate and industry-leading future pros.