Tamil Nadu Magnesite Limited Company Overview

Tamil Nadu Magnesite Limited is a public sector undertaking of the Government of Tamil Nadu. It was established in 1966.

The company's primary objective is to manufacture and market magnesite, a mineral used in various industries.

Tamil Nadu Magnesite Limited has its headquarters in Salem, Tamil Nadu, India.

Tamil Nadu Magnesite Limited has experienced significant growth in revenue, with a 679.86% increase in 2022.

The company's profit has also seen a substantial improvement, with a 237.42% increase in 2022.

Tamil Nadu Magnesite Limited's net worth soared by an impressive 96.81% in 2022.

The company's total revenue and revenue from operations have shown remarkable growth, with increases of 679.86% and 1356.07% respectively.

Here are some key financial metrics for the company:

The company's promoter holding is 100.00%, according to the latest available information.

Tamil Nadu Magnesite Limited has a complex ownership structure, with the Government of Tamil Nadu holding a significant stake in the company.

The Government of Tamil Nadu owns 51% of the company's shares, giving it a substantial amount of control over the company's operations.

The remaining 49% of shares are held by private investors, including institutional and individual investors.

This ownership structure suggests that the company is subject to certain regulatory requirements and oversight from the Government of Tamil Nadu.

Tamil Nadu Magnesite Limited is located in the state of Tamil Nadu.

The company's division is SALEM, which is a specific geographical area within the state.

It operates under the SALEM-II zone, which is a designated area for administrative purposes.

The company's jurisdictional office is SURAMANGALAM, which serves as the primary point of contact for official matters.

Tamil Nadu Magnesite Limited was officially registered with GST on July 1, 2017, as a public sector undertaking.

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Tamil Nadu Magnesite Limited has several objectives that guide their operations. The company aims to utilize mineral wealth for industrial growth.

One of the key objectives is to promote socio-economic development, which is essential for the growth of the local community. This involves creating jobs and stimulating economic activity.

TANMAG company also prioritizes environment protection, ensuring that their operations do not harm the environment.

The company's objectives are multifaceted, with a focus on maximizing the use of mineral wealth for various products.

The directors of Tamil Nadu Magnesite Limited are responsible for overseeing the company's operations. The directors include Phanindra Reddy Kanamarla, Gopal Krishna Raju, Pooja Kulkarni, and others.

Here is a list of the directors and their tenure:

The team behind the company is made up of experienced professionals, with a mix of long-term and relatively new members.

Phanindra Reddy Kanamarla has been the Director for 2 years, bringing his expertise to the table. Gopal Krishna Raju has also been a Director for 2 years, with a strong presence in the company.

Pooja Kulkarni, a Shareholder and Director, has been with the company for 3 years, contributing to its growth. Krishnanunni Harikumar, another Shareholder and Director, has also been a part of the team for 2 years.

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Nagarajan Govindan, a Director, has been with the company for 3 years, playing a crucial role in its success. Ramu Kannan, a Shareholder and Director, has been a part of the team for 2 years, bringing his skills to the table.

Rajagopalan Veeruswamy, a Director, has been with the company for 3 years, contributing to its growth. Sivaramakrishnan Pushpalatha, a Shareholder and KMP, has been with the company for 11 years, providing continuity and stability.

Here's a breakdown of the directors and their tenure:

TANMAG company has a clear vision for its objectives, which include promoting industrial growth through the usage of mineral wealth, as well as socio-economic development and environmental protection.

Their objectives also emphasize the importance of making the most of mineral resources, aiming to use them for various products.

The company's objectives are not just about growth, but also about responsible management of natural resources.

Here are the specific objectives listed by TANMAG:

The process of achieving these objectives involves several key steps, including selection and preparation of the site, drilling, blasting, picking, and removal of rejects to spoil banks.