It all started in the year 1998, when Tamil Nadu Industrial Development Corporation Ltd (TIDCO) and Infrastructure Leasing and Financial Services Ltd (IL&FS) inked a 50:50 Joint Initiative to form Tamil Nadu Road Development Company Ltd (TNRDC). The venture was incorporated in the month of May the same year.TNRDC was set up with the mandate of developing initiatives in the road sector by catalyzing private sector resources and investments under Public-Private Partnership (PPP) framework.

In November 2009, Tidel Park Ltd (TIDEL) acquired the entire equity stake held by IL&FS in TNRDC and thus TNRDC become a 50:50 joint venture company of TIDCO and Tidel Park Ltd.

TNRDC’s activities span the entire gamut from project conceptualization to implementation, operation and maintenance. The core strength of TNRDC is in formulating appropriate implementation and financing strategies for infrastructure projects so that they are implemented in an efficient and time bound manner while adhering to the costs and quality.

The Company takes up for implementation, as principal project sponsor, projects that are viable on standalone basis or projects that are marginally viable. For projects that are socially and economically relevant but cannot be implemented under a commercial format, the Company provides a range of services to the respective project sponsors on fee basis.

Transparency, application of sound management principles, flexible business model and above all, an unflinching commitment to safety, security and well-being of end-users/stakeholders have enabled TNRDC to build a formidable reputation in the road sector.

TNRDC is today considered as a benchmark institution for development of infrastructure projects especially in the road sector. Its project models have become templates that are being widely replicated across sectors and States.