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Tourism Finance Corporation of India Ltd. Company History and Annual Growth Details

1989 - TFCI was incorporated as a public limited company under the
companies Act, 1956 on the 27th January, and became operational
on 1st February, 1989.

- The company in the business of assisting industrial, commercial,
professional and trading enterprises to be engaged in setting up
and or developement of tourism and tourism related

- The Company was set up as a specialised All India Financial
Institution to cater to the financing requirements of the
Tourisim Insdustry at the instance of Government of India arising
from the recommendation of the National Committee on Tourism.

1994 - The Company made a public issue of 1,70,00,000 No. of Equity
shares of Rs. 10/- each at a premium of Rs. 20/-per share vide
on 20th August.

1995-98 NO NEWS

1999 - The Company had gone towards the setting up of non-conventional
tourism projects like restaurants, highway facilities, travel
agencies, amusement parks, dolphinarium, ropeways, car rental
services, ferries for inland water transport, airport
facilitation centre, training institute for hotel personnel etc.

- The company promoted by ICRA's-own main promoter the Industrial
Finance Corporation of India.

- The rating awarded to the company's Rs 50-crore bonds programme
to LAA- from LAA and its Rs 50-crore certificate of deposit
programme to MAA- from MAA.


-Tourism Advisory and Financial Services Corporation of India Ltd (Tafsil) has been merged with the company. The board has passed a resolution for the allotment of 3 75 000 equity shares of Rs. 10 each of the company to the shareholders of Tafsil in the proportion of five shares of the company for every one share of Rs. 100 each of Tafsil held.

-Icra upgraded the Rs 50 crore NCD programme of Tourism Finance Corporation from
LAA- to LA+.

-Enteres the market with an issue of Rs 100 crore of 12-year 12.00 per cent annually payable interest bonds.


-Industrial Development Bank of India has sold 1,493,500 shares amounting to 2.22% and the holding after the sale is 60,06,500 shares amounting to 8.91%.


-Industrial Development Bank of India (IDBI), that they have sold 13,95,057 shares amounting to 2.07% of the total share capital of Tourism Finance Corpn Of India Ltd.


-Tourism Finance Corporation of India Ltd has appointed Mrs. Archana Capoor, as Chairman and Managing Director of the Company for the period of five years w.e.f. January 19, 2007.