About Us

RIDC is a subsidiary of Repco Bank, Government of India Enterprise. Repco Bank has equity from the Government of India and and four Southern State Governments and has Directors who are senior civil servants from Govt of India and State Governments. RIDC has its balance equity from Repco Home Finance Ltd, which is a subsidiary of Repco Bank Ltd and has recently brought in a leading Private Equity Partner.

Background of formation of RIDC:

The Economic Survey 2008 urged Government to incentive the fund mobilization and bring comprehensive but simple policy and regulations for the infrastructure sector that requires about Rs.20, 00,000 crore as envisaged in the Eleventh five year plan for a period of 2007-2012 . The survey pointed out that average nine percent growth during the 11th plan could be achieved only if infrastructure deficit was overcome. Lack of infrastructure should not be bottleneck for India’s Growth.

In recent years, Tamil Nadu has experienced massive spurt in industrialization with many MNCs setting up business in the state owing to facilitating policies and quality of human capital offered by the state. Rapid growth in the industry and service sectors has necessitated building up of infrastructure facilities in Chennai and suburbs to ensure de-congestion.

Providing subsidized housing and related infrastructure to industrial workers at affordable rate would improve the quality of life for this invaluable human capital force by reducing the wastage of time and expenditure incurred by them in daily traveling.

With this objective in mind Repco Group has floated a wholly owned subsidiary – Repco Infrastructure Development Company Ltd (RIDC) that will carry out infrastructure projects in general with special focus on projects under PPP in collaboration with State Government Departments/ PSUs/ Govt Agencies. RIDC will also deliver the projects under Housing Joint ventures.