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TCM Ltd. Company History and Annual Growth Details
The company was incorporated in 1943.
The company is being managed by its directors headed by its Chairman Mr R G N Swamy.
The company is mainly involved in manufacturing activity. However the mix and the range of the products of the company have not been furnished in the published balance sheets of the company as the company has been exempted a Government Order No 46/24/93-CL dated 1.03.93 from disclosing such particulars.However the company mainly has the facility for manufacture of Sodium Chlorate which is an important rocket fuel which is being purchased mainly by the Government of India.
There was lockout in the Kalamassey plant which has resulted because of the import compression policies of the govrnment.This lockout which lasted about 4 months during 1991-92 resulted in the drop in production during that year.
The company also worked out a Early Voluntary Retirement Scheme for its employees during 1991-92 whic resulted in the additional financial burden of about Rs 91.11 lakhs during that year.
The company is planning to diversify into organic chemicals. In the EGM held on 25.02.93 it had been approved to issue 700000 equity shares to M/S Wimco Ltd who are awaiting the Central Government's approval for this investment.
This company did not have any subsidiaries.
- TCM Ltd has informed BSE that the designation of the Executive Director, Mr K Gopalan has been changed to 'Managing Director' of the company in the Board meeting of the company held on January 17, 2003.