Tourism Finance Corporation of India logo

Tourism Finance Corporation of India MD, chairman, board of directors and AGM

NSE: TFCILTDBSE: 526650FinanceSmall Cap

Last close ₹147.57down ₹3.10 (2.06%)BSE ₹147.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹150.67.

52-week range of traded prices to 23 Oct 2026
₹51.00Low, 5 Jan 2026₹161.95High, 14 Oct 2026
Market cap
₹6,832 Cr945th largest listed
P/E
44.3
P/B
5.2
Dividend yield
0.41%
ROE
12.2%
NIM
6.89%
Cost of funds
9.60%
Credit cost
0.00%
ROA
5.47%
Leverage
1.78times net worth
Volume, NSE
98,54,14537.2% delivered

Tourism Finance Corporation of India board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSethurathnam Ravi
  • Managing directorAnoop Bali
  • Company Secretary and Compliance OfficerSanjay Ahuja

8 directors4 independent1 executive3 non-executive

  • Sethurathnam Ravi · ChairpersonNon-executive · joined Apr 2022 · 6 listed boards · 4 as independent · 9 committee seats, 4 as chair
  • Parkash ChandNon-executive · joined Sep 2023 · 1 listed board · 1 committee seat
  • Thankom T. MathewIndependent · joined Oct 2018 · reappointed Oct 2023 · 95 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Ashok Kumar GargIndependent · joined May 2023 · reappointed May 2023 · 40 months as independent · 2 listed boards · 2 as independent · 6 committee seats
  • Deepak AmitabhIndependent · joined Jul 2024 · reappointed Jul 2024 · 26 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • Mahabaleshwara Bhat Mavinakudige SubramanyabhattaIndependent · joined Jul 2024 · reappointed Jul 2024 · 26 months as independent · 1 listed board · 1 as independent
  • Aditya Kumar HalwasiyaNon-executive · joined Jul 2024 · 3 listed boards · 3 committee seats
  • Anoop Bali · Managing directorExecutive · joined Apr 2022 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Bapi Munshi, left 31 Jan 2026: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 19 Sep 20267 of 8 present4 independent · 60 days in between
    • 20 Jul 20268 of 8 present4 independent · 67 days in between
    • 13 May 20268 of 8 present4 independent
  • Audit Committee

    Chair Deepak Amitabh

    Sethurathnam Ravi, Thankom T. Mathew, Ashok Kumar Garg

    • 20 Jul 20264 of 4 present3 independent · 67 days in between
    • 13 May 20264 of 4 present3 independent
  • Nomination and remuneration committee

    Chair Thankom T. Mathew

    Sethurathnam Ravi, Mahabaleshwara Bhat Mavinakudige Subramanyabhatta

    • 10 Sep 20263 of 3 present2 independent · 58 days in between
    • 13 Jul 20263 of 3 present2 independent · 18 days in between
    • 24 Jun 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair Thankom T. Mathew

    Sethurathnam Ravi, Parkash Chand, Aditya Kumar Halwasiya

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Sethurathnam Ravi

    Mahabaleshwara Bhat Mavinakudige Subramanyabhatta, Parkash Chand, Anoop Bali

    • 20 Jul 20264 of 4 present1 independent
    • 13 May 20264 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Rama K. Gupta & Co.Peer-review certificate valid to Feb 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Tourism Finance Corporation of India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Tourism Finance Corporation of India dividend history

Annual general meeting, 21 Aug 2026

80,052 shareholders on the register on 14 Aug 2026; present: 0 promoters and 83 others; votes counted by Arun Kumar Gupta / Arun Kumar Gupta & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited Financial Statements of the Company for the year ended March 31, 2026 and the report of the Board of Directors’ and Auditors’ thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 29.91% · promoters 75.81% · institutions 47.61% · other public 25.95%

  2. To consider and declare Dividend on Equity Shares for financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 29.92% · promoters 75.81% · institutions 47.75% · other public 25.95%

  3. To appoint a Director in place of Shri Aditya Kumar Halwasiya (DIN: 08200117), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 29.92% · promoters 75.81% · institutions 47.75% · other public 25.95%

  4. Issue of Non-Convertible Bonds/Debentures/other instruments.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 29.92% · promoters 75.81% · institutions 47.75% · other public 25.95%

  5. To approve the appointment and payment of remuneration of Shri Anoop Bali (DIN: 00302077) as Managing Director of the Company.
    Ordinary
    99.49% for0.51% against

    Against: promoters 0.00% · institutions 3.36% · other public 0.00%

    Turnout: all 29.92% · promoters 75.81% · institutions 47.75% · other public 25.95%

  6. Alteration to the Articles of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 29.92% · promoters 75.81% · institutions 47.75% · other public 25.95%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Aug 2025, 6 resolutions

71,915 shareholders on the register on 14 Aug 2025; present: 0 promoters and 65 others; votes counted by Arun Kumar Gupta / Arun Kumar Gupta & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited Financial Statements of the Company for the year ended March 31, 2025 and the report of the Board of Directors’ and Auditors’ thereon.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 34.31% · promoters 100.00% · institutions 41.88% · other public 31.19%

  2. To consider and declare Dividend on Equity Shares for financial year 2024-25.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 34.34% · promoters 100.00% · institutions 42.38% · other public 31.19%

  3. To appoint a Director in place of Shri Parkash Chand (DIN: 07507069), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 1.40% · other public 0.04%

    Turnout: all 34.34% · promoters 100.00% · institutions 42.38% · other public 31.19%

  4. Issue of Non-Convertible Bonds/Debentures/other instruments.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 34.34% · promoters 100.00% · institutions 42.38% · other public 31.19%

  5. Sub-division/Split of face value of the Equity Share and alteration in the Share Capital Clause of the Memorandum of Association.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 34.34% · promoters 100.00% · institutions 42.38% · other public 31.19%

  6. Appointment of Secretarial Auditor of the Company effective from FY 2025-26 till FY 2029-30.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 34.34% · promoters 100.00% · institutions 42.38% · other public 31.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Aug 2024, 10 resolutions

Present: 0 promoters and 71 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited Financial Statements of the Company for the year ended March 31, 2024 and the report of the Board of Directors’ and Auditors’ thereon.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 31.96% · promoters 100.00% · institutions 20.18% · other public 26.36%

  2. To consider and declare Dividend on Equity Shares for financial year 2023-24.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 31.97% · promoters 100.00% · institutions 20.62% · other public 26.36%

  3. To appoint a Director in place of Dr. S.Ravi (DIN: 00009790), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 11.76% · other public 0.06%

    Turnout: all 31.97% · promoters 100.00% · institutions 20.62% · other public 26.36%

  4. To appoint Statutory Auditors of the Company in terms of the provisions of Section 139 and other applicable provisions of the Companies Act, 2013.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 31.97% · promoters 100.00% · institutions 20.62% · other public 26.36%

  5. Issue of Non-Convertible Bonds/Debentures/other instruments.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 31.97% · promoters 100.00% · institutions 20.62% · other public 26.36%

  6. Re-classification of Mr. Koppara Sajeeve Thomas and Pransatree Holdings Pte. Limited from ‘Promoter Group’ category to ‘Public’ category.
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 27.97% · promoters 49.02% · institutions 20.62% · other public 26.36%

  7. To approve the appointment and payment of remuneration of Shri Anoop Bali (DIN: 00302077) as Managing Director of the Company.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 31.97% · promoters 100.00% · institutions 20.62% · other public 26.36%

  8. To approve the appointment of Shri Aditya Kumar Halwasiya (DIN: 08200117) as a Non-Executive Non-Independent Director of the Company.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.19% · other public 0.01%

    Turnout: all 31.97% · promoters 100.00% · institutions 20.62% · other public 26.36%

  9. Appointment of Shri Deepak Amitabh (DIN: 01061535) as an Independent Director.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 31.97% · promoters 100.00% · institutions 20.62% · other public 26.36%

  10. Appointment of Dr. Mahabaleshwara M S (DIN: 07645317) as an Independent Director.
    Special
    99.95% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 31.97% · promoters 100.00% · institutions 20.62% · other public 26.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 22 Mar 2024, 1 resolution

Present: 0 promoters and 52 others.The company's voting result (opens in a new tab)

  1. Issuance of Equity Shares by way of Preferential Issue on private placement basis.
    Special
    95.94% for4.06% against

    Against: promoters 11.86% · institutions 0.00% · other public 0.08%

    Turnout: all 23.82% · promoters 100.00% · institutions 12.02% · other public 17.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Dec 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve the appointment of Shri Parkash Chand (DIN: 07507069) as a Non-Executive Non-Independent Director of the Company.
    OrdinaryPromoters have an interest in it
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.98% · other public 0.35%

    Turnout: all 26.60% · promoters 100.00% · institutions 35.86% · other public 6.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 18 Aug 2023, 7 resolutions

Present: 1 promoter and 69 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited Financial Statements of the Company for the year ended March 31, 2023 and the report of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 28.69% · promoters 100.00% · institutions 38.42% · other public 9.52%

  2. To consider and declare Dividend on Equity Shares for financial year 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 28.71% · promoters 100.00% · institutions 38.67% · other public 9.52%

  3. To appoint a Director in place of Dr. S.Ravi (DIN: 00009790), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 1.52% · other public 0.01%

    Turnout: all 28.71% · promoters 100.00% · institutions 38.67% · other public 9.52%

  4. Issue of Non-Convertible Bonds/Debentures/other instruments.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 28.71% · promoters 100.00% · institutions 38.67% · other public 9.52%

  5. Appointment of Shri Ashok Kumar Garg as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 28.71% · promoters 100.00% · institutions 38.67% · other public 9.52%

  6. Appointment of Mrs. Thankom T. Mathew as an Independent Director (Women) for second term.
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.46% · other public 0.07%

    Turnout: all 28.71% · promoters 100.00% · institutions 38.67% · other public 9.52%

  7. Alteration to the Articles of Association of the Company.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.46% · other public 0.01%

    Turnout: all 28.71% · promoters 100.00% · institutions 38.67% · other public 9.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Apr 2023, 2 resolutions

The company's voting result (opens in a new tab)

  1. To approve the re-appointment of Shri Bapi Munshi (DIN: 02470242) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 24.98% · promoters 100.00% · institutions 3.78% · other public 9.49%

  2. To approve the appointment of Shri Rajesh Kumar Dubey (DIN: 10040521) as a nNon-Executive Non-Independent Director of the Company.
    OrdinaryPromoters have an interest in it
    98.06% for1.94% against

    Against: promoters 0.00% · institutions 95.30% · other public 0.03%

    Turnout: all 24.98% · promoters 100.00% · institutions 3.78% · other public 9.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2022, 6 resolutions

Present: 1 promoter and 69 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited standalone Financial Statements and audited consolidated Financial Statements of the Company for the year ended March 31, 2022 and the report of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 28.98% · promoters 59.20% · institutions 1.36% · other public 21.04%

  2. To consider and declare Dividend on Equity Shares for financial year 2021-22.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 28.98% · promoters 59.20% · institutions 1.36% · other public 21.04%

  3. To appoint a Director in place of Shri Koppara Sajeeve Thomas (DIN: 08069585), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 11.89% · other public 0.10%

    Turnout: all 28.98% · promoters 59.20% · institutions 1.36% · other public 21.04%

  4. Issue of Non-Convertible Bond/Debentures/other instruments
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 28.98% · promoters 59.20% · institutions 1.36% · other public 21.04%

  5. Approval of TFCI ESOP SCHEME 2022
    Special
    96.62% for3.38% against

    Against: promoters 5.66% · institutions 0.00% · other public 0.22%

    Turnout: all 28.98% · promoters 59.20% · institutions 1.36% · other public 21.04%

  6. To approve the appointment of Shri Ghanshyam Das Mundra (DIN:00035877) as a Non-Executive Non-Independent Director of the Company
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 28.98% · promoters 59.20% · institutions 1.36% · other public 21.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.