Background

The Government of India had, pursuant to the recommendations of the National Com
mittee on Tourism viz Yunus Committee set up under the aegis of Planning Commiss
ion, decided in 1988, to promote a separate All-India Financial Institution for
providing financial assistance to tourism-related activities/projects. In accord
ance with the above decision, the IFCI Ltd. along with other All-India Financial
/Investment Institutions and Nationalised Banks promoted a Public Limited Compan
y under the name of "Tourism Finance Corporation of India Ltd. (TFCI)" to functi
on as a specialised All-India Development Financial Institution to cater to the
financial needs of tourism industry. TFCI was incorporated as a Public Limited C
ompany under the Companies Act, 1956 on 27th January 1989 and became operational
with effect from 1st February 1989 on receipt of Certificate of the Commencemen
t of Business from the Registrar of Companies. TFCI has been notified as a Publi
c Financial Institution under section 4A of the Companies Act, 1956, vide Notifi
cation No S.O 7(E) dated the 3rd January 1990 issued by the Ministry of Industry
, Department of Company Affairs. TFCI's Registered office is situated at 13th Fl
oor, IFCI Tower, 61, Nehru Place, New Delhi - 110 019.

Share-Holding Pattern
The share-holding pattern of TFCI is as follows;
(as on 31st December, 2013)
Name of shareholders Holdings
No of Shares (in lakhs) Percentage
IFCI Ltd. 343.04 42.50
SBI 74.16 9.19
Bank of India 37.90 4.70
LIC 62.13 7.70
United India Insurance Co. Ltd. 11.98 1.48
The Oriental Insurance Co. Ltd. 10.42 1.29
Bodies Corporate 48.47 6.01
Mutual Fund .03 0.00
Other Banks/ Financial Institutions 2.25 0.28
Foreign Institutional Investor 1.95 0.24
Trust 0.21 0.03
NRI 4.13 0.51
General Public 210.48 26.08
Total 807.17 100.0
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