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About Us
TNIFMC is promoted by the Government of Tamil Nadu along with leading financial institutions of the country.
TNIFMC aims to:
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Empower Sustainable Ventures
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Drive Growth in Emerging Industries
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Foster Public-Private Partnerships
Governance
TNIFMC is managed by a professional board with representatives from both the public and private sectors
All investment decisions at TNIFMC are made in a transparent, prudent, and truly independent manner. All investment proposals presented by the Investors team undergo vetting by an independent investment committee.
TNIFMC has a robust risk management framework to handle unforeseen challenges in its operations and to protect the interests of investors.
Our Investors
Board Of Directors
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Mr. Prashant Wadnere, IAS
Director
In his current position with the Tamil Nadu Infrastructure Development Board since June 2021, Prashant continues to demonstrate his commitment to the state's growth. Actively involved in identifying, prioritizing, and facilitating seamless, efficient, and transparent project development, he places a particular emphasis on encouraging private sector participation in infrastructure projects within Tamil Nadu. This role underscores his dedication to fostering comprehensive and sustainable development strategies.
Prashant's expertise further extends to the Department of Finance, where he has been actively engaged since June 2021. In this capacity, he oversees government expenditure in infrastructure sectors, implements the Integrated Finance and Human Resource Management System (IFHRMS), and plays a crucial role in formulating procurement policies. His multifaceted contributions to the State Finance Commissions (SFC), including pivotal roles in the Fifth SFC from January 2016 to August 2016 and the Sixth SFC from June 2021 to February 2022, have significantly impacted the state's financial planning and development. In these roles, he coordinated preparatory and administrative activities, playing a pivotal role in the preparation of the State Finance Commission Report and contributing substantially to the overall progress of Tamil Nadu.
- Phone:+1 (859) 254-6589
- Email:info@example.com
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Mr. Vineet Singhal
Nominee Director
In his capacity at the National Housing Bank, Shri Vineet Singhal's dedication and expertise have significantly influenced the housing finance sector. His extensive post-qualification experience, coupled with his diverse skill set, underscores his valuable contributions and impact within the organization and the broader financial landscape.
- Phone:+1 (859) 254-6589
- Email:info@example.com
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Mr. Balachandran M
Independent Director
Former Chairman & MD, Bank of India, Chairman, National Payments Corporation of India (NPCI)
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Mr. Balachandran M
Independent Director
In addition to his executive roles, Mr. Muthusamy held key ex-officio positions, such as Chairman of BOI Shareholding Co. and Bank of Baroda (Guyana) Inc. (South America). He also served as a director on the boards of significant financial entities, including Indo Zambia Bank Ltd., Nabard Consultancy Services, Agricultural Finance Corporation Ltd., and Small Industries Development Bank of India (SIDBI). Mr. Balachandran's contributions extended to conceptualizing and establishing "Abhay," a credit counseling center sponsored by BOI, pioneering the provision of such services in the country. During his impactful tenure, BOI experienced notable growth in its overseas network, establishing branches in Beijing and upgrading branches in Schenzen, China, and Antwerp, Belgium. Furthermore, Mr. Muthusamy facilitated strategic acquisitions and expansions, including a majority stake acquisition in Bank Swadesi in Indonesia, and securing licenses for subsidiaries in Tanzania and South Africa.
Engaged in various governmental committees and advisory boards, Mr. Balachandran actively contributed to the financial landscape. He also showcased his thought leadership by participating as a speaker and panellist in numerous National and International seminars and conferences. Born in 1947, he holds a Post Graduate degree in Agricultural Sciences and is a Certified Associate (I) of the Indian Institute of Bankers. Currently residing in Chennai, his legacy as a seasoned banking professional remains influential and inspiring within the industry.
- Phone:+1 (859) 254-6589
- Email:info@example.com
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Mr. Arun Vasu
Independent Director
With a business journey that commenced at the age of 22, assisting his father as a Director of TT Travels Private Limited, Thiru. Arun Vasu has amassed over three decades of invaluable experience in various sectors. Notably, he is currently a Director in approximately 12 companies and also serves as a Trustee of Worth Trust, a prominent NGO in Tamil Nadu dedicated to aiding and training physically challenged individuals across various industrial locations.
Thiru. Arun Vasu's business ventures encompass a wide spectrum, including Visa Outsourcing businesses for Embassies/Consulates in India and abroad, full-fledged money exchange operations with branches across India, general sales agency and back-office support for major airlines, customs bonded trucking, and a diverse range of endeavours within the hospitality and adventure sports industries. His passion for water sports and adventure activities spans three decades, during which he has made significant contributions.
Beyond business, Thiru. Arun Vasu actively engages in Corporate Social Responsibility (CSR) initiatives, particularly in Chennai, focusing on beach cleaning, training the youth in ocean water and adventure sports, women's empowerment, village infrastructure development, and more. He also holds the esteemed position of President at the Surfing Federation of India and serves as the Honorary Consul of Sweden, showcasing his multifaceted involvement and dedication to various domains.
- Phone:+1 (859) 254-6589
- Email:info@example.com
Our Team
Our skilled team brings expertise in investment sourcing, investment management, operational prowess, leadership interaction, and execution capabilities across diverse industries.