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TIDCO, a Government of Tamil Nadu Enterprise, was incorporated as a Limited Company in the year 1965 ;in order to identify and promote the establishment of large and medium scale industries within the State of Tamil Nadu in association with the private sector. The company’s authorized share capital is Rs.1250 million of which Rs.720 million has been issued and has been entirely subscribed by the Government of Tamil Nadu. The Government of Tamil Nadu has also extended loan assistance aggregating of about Rs.2368.71 million as at March, 31st 2016 to the company. TIDCO is also registered with the Reserve Bank of India as Non-Banking Financial Company. TIDCO stopped fresh/renewal of deposits with effect from 15.02.2007. The public deposits outstanding as on 31.03.2014 is at Rs.0.43 crores. TIDCO has been specified as Public Financial Institution within the meaning of Section 4A of the Companies Act, 1956.

TIDCO’s association with private sector enterprises may be separated into four categories viz. Joint Sector, Associate Sector, Escort Sector and Escort Services. Equity participation by TIDCO in the Joint Sector projects ranges from 11 to 26 % and in the associate Sector ranges 2 to 11% equity. The Escort Sector includes ventures with 1% equity from TIDCO. TIDCO provides facilitation services for all investors and these include multi-national and overseas investors who wish to launch new ventures in Tamil Nadu. In cases where TIDCO does not take up equity participation, these projects are categorized as Escort Service projects.

Among project related Escort Service activities, TIDCO has successfully promoted the establishment of Ford India Ltd. and Hyundai Motor (India) Ltd. in addition to other reputed companies. The Board of Directors of TIDCO comprises senior officials of the State Government.

TIDCO has a team of professional managers drawn from the fields of Engineering, Management, Finance and Law. TIDCO has commissioned over one hundred and ten projects to date with a total equity investment of Rs.4625.70 million and of these companies, TIDCO has disinvested its holdings in Thirty two companies. TIDCO’s project cover a wide range of activities such as Iron & Steel, Fertilizers, Chemicals, Petrochemicals, Engineering, Automobiles, Agro and Food Processing, Leather, Textiles, Pharmaceuticals, Floriculture, Horticulture, Electronics & Communication, Infrastructure / Industrial parks includes Agri Export Zones (AEZs) and Special Economic Zones (SEZs).

IT Park
Tamilnadu was one of the first states in the Indian Union to formulate a comprehensive IT policy.
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SEZ
A policy was introduced on 1.4.2000 for setting up of Special Economic Zones in the country
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