MANIDCO : Manipur Industrial Development Corporation Limited

Manipur Industrial Development Corporation Limited (MNIDCO) formerly Manipur Small Industries Corporation Limited (MSIC) was incorporated in the year, 1969 under the Companies Act.1956 (No. 1 of 1956). The present authorized Share Capital of the Company is Rs. 16.00 crore. IDBI.s Share is Rs. 4.21 crore. The Corporation is multi-functional company which acts as (i) State Financial Corporation (SFC), (ii) State Industrial Development Corporation (SIDC) and (iii) State Infrastructure Development Corporation. It is the only financial institute of the State. The Company has to cater long term credit requirement of industry. MANIDCO is governed by a Board of Directors. All the members of the Board are representatives of the State Government and the Industrial Development Bank of India (IDBI)/ Small Industries Development Bank of India (SIDBI). It is worthwhile to mention that there was hardly fund available in the Corporation for industrial activities till the middle of 1980. In order to clear the backlog in industrialization, the State Government took initiative to revive the activities of MANIDCO with a very low budgetary support till 1985-86. Industrial Development Bank of India (IDBI) support in this regard. READ MORE

Main objectives

To enter into contracts with, and take up indents from the Government of India and the State Government in all their departments and other subsidiaries and branches and for many agency or officer Read More

Manpower strength

The Corporation is headed by the Managing Director who is the Chief Executive Officer of the Corporation. The present Managing Director is an experienced Engineer who has been working in various capacities. Read More

Board of Directors

  • Dr. Radheshyam Yumnam, Honble MLA, 38- Heyanglam A.C. Manipur – Chairman
  • Principal Secretary (Co m. & Ind.) Govt. of Manipur – Director
  • Commissioner (Finance), Govt. of Manipur – Director
  • Special Secretary, Planning Dept. Govt. of Manipur or his nominee. – Director
  • Director,(Com. & Ind.), Govt. of Manipur.- Director
  • General Manager (NE Circle), IDBI, Kolkata or his nominee. – Director
  • General Manager (NE) , SIDBI, Guwahati or his nominee. – Director
  • Managing Director, MANIDCO Ltd. (appointed by the Governor – Director