What our Customer says About Us.....

Name       K.S. Kamala Kannan
Position Chairman-cum-Managing Director
Name of the Unit M/s. Naga Limited, Dindigul

     A man with a vision K. Sreenivasan, founded the NAGA Group, named after his beloved wife, Smt. Naga Lakshmi.  The first group company Nagalakshmi Flour Mills Ltd., established in 1962 with financial assistance from  TIIC has grown into a conglomerate spanning diverse activities wih factories at Dindigul, Vedasandur, Trichy and Chennai.

     "Naga" finished products are a popular brand name in South India.  Every second biscuit consumed in Tamilnadu is manufactured out of Naga maida.  The Naga group has today reached a turnover of over Rs.260 crores having availed 14 loans from TIIC.

     Here is what Mr. K.S. Kamala Kannan, Chairman & Managing Director has to say -

" If Naga has to narrate all experiences with TIIC, we have to write a book and not a page. Our 50 year old relationship with TIIC dates back to 1961.  We have borrowed numerous time and have promptly repaid the loans.   We have adopted green energy for meeting the power requirements of our group with TIIC's support in investing in 10 MW of wind power.  Fixed rate of interest, comfortable moratorium period and flexibility in debt equity norms have been major comfort factors with TIIC.  TIIC should consider investing in equity of the company it is lending.

     We see a sea-change in the attitude of TIIC over the last decade.  They are helpful, courteous and prompt in their services.  What amazes me, is the record keeping and perfect documentation maintained by TIIC. We are indebted to one and all who have helped us in this long successful journey of 50 years."

 

 
 

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