Telangana State Industrial Infrastructure Corporation: Company Overview
Chapter 1

Company Overview - Telangana State Industrial Infrastructure Corporation


Aug 22, 2025

Company Overview - Telangana State Industrial Infrastructure Corporation

Key Highlights

  • Existence of unconditional and irrevocable guarantee by Government of Telangana through direct debit mechanism and structured payment mechanism for the issue.
  • Structured payment mechanism and government guarantee for DSRA replenishment- supported by relatively high liquidity buffer by way of 2 quarters DSRA (covering both interest and principal) payments are covered.
  • Telangana has shown impressive economic growth since its formation, with a CAGR of 12.8% in GSDP, significantly outperforming the national average. 

Overview

The Telangana State Industrial Infrastructure Corporation Limited (TSIIC) was established in 2014, following the formation of the state of Telangana. It was created with the aim of developing and managing industrial infrastructure across the state, fostering economic growth and industrialization. TSIIC plays a crucial role in the creation of industrial parks, providing land, and facilitating investments by both domestic and international companies. The corporation focuses on sectors such as manufacturing, IT, and logistics, promoting sustainable development and employment generation. It has been instrumental in the industrial growth of Telangana, working closely with other government agencies to ensure a conducive business environment.

 

Management


Dr. E. Vishnu Vardhan Reddy (Vice Chairman & Managing Director)

Dr. E. Vishnu Vardhan Reddy assumed the position of Vice Chairman & Managing Director (VCMD) of the Telangana State Industrial Infrastructure Corporation Limited (TSIIC) in January 2024. As an experienced Indian Administrative Service (IAS) officer, he brings strong leadership and a deep understanding of public administration, infrastructure development, and industrial promotion. Dr. Reddy's leadership is expected to further strengthen TSIIC's role in driving the industrialization and economic growth of Telangana, with a focus on fostering investment and creating world-class industrial infrastructure.


Shri V. Madhusudan (Chief Executive Officer)

Shri V. Madhusudan is currently serving as the Chief Executive Officer (CEO) of Projects at TSIIC. He is responsible for the strategic direction, planning, and execution of the corporation's key infrastructure projects, including the development of industrial parks and other industrial infrastructure facilities across the state. Shri Madhusudan plays a critical role in coordinating with various stakeholders and ensuring the timely and efficient delivery of projects that contribute to the state's industrialization efforts. His leadership ensures that TSIIC's projects are aligned with the state's growth ambitions.


Shri K. Shyam Sundar (Chief Engineer)

Shri K. Shyam Sundar holds the position of Chief Engineer at TSIIC, where he oversees the engineering and technical aspects of the corporation's infrastructure projects. In this role, he ensures that the infrastructure being developed is both technically sound and meets the required standards for industrial use. Shri Sundar is involved in supervising the design, execution, and maintenance of industrial parks and other critical infrastructure projects that support the state's industrial ecosystem. His expertise in engineering plays a crucial role in the successful development of Telangana's industrial infrastructure.


Key Financials- FY25:

All figures in INR crore

Particular

Amount

Cash & Bank Balances

1920.41

Borrowings

10677.69

Total Assets

28143.42

Revenue

713.99

Profit After Tax

(57.10)

PAT Margin

-8.00 %

Total Net worth

744.09

Return on Equity

-7.48 %


Lenders

The prominent lenders in Telangana State Industrial Infrastructure Corporation are:


 Banks:

·       State Bank of India

 

Equity:

·       Government of Telangana

Explore corporate bonds below for Telangana State Industrial Infrastructure Corporation


Instrument Name ISIN Id Credit Rating Min. Investment Nature of security YTM Tenure (in Months)


Telangana State Industrial Infrastructure Corporation Limited


INE1C3207016 ACUITE "AA" ₹ 526,185 Listed (Senior Secured) 9.00% 112
INE1C3207024 ACUITE "AA" ₹ 104,939 Listed (Senior Secured) 9.00% 101
INE1C3207081 India Ratings "AA" ₹ 103,345 Listed (Senior Secured) 8.85% 40
INE1C3207057 India Ratings "AA" ₹ 102,817 Listed (Senior Secured) 8.80% 28
INE1C3207065 ACUITE "AA" ₹ 104,247 Listed (Senior Secured) 8.90% 65
INE1C3207040 ACUITE "AA" ₹ 104,702 Listed (Senior Secured) 8.90% 77
INE1C3207032 ACUITE "AA" ₹ 104,862 Listed (Senior Secured) 8.95% 89
INE1C3207073 ACUITE "AA" ₹ 103,911 Listed (Senior Secured) 8.85% 53


Above mentioned corporate bond details are as of Date: 20.08.2025.

Disclaimer:


Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.

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