TCI Industries Ltd., incorporated in 1958 as Transport Corporation of India, TCIL was then taken over by Transport Corporation of India Pvt Ltd in 1965. Subsequently, it became a public limited company in 1974. It was promoted by P D Agarwal. S N Agarwal is the Chairman. The Company's main activities are transport services and aluminium extrusion._x000D_ _x000D_ The company diversified into car rental service in 1989, to set up a separate division -- Wheels Rent-A-Car in collaboration with Hertz Internatioal, US. In 1991-92, the company formed Trans Corp International Bureau D'Exchange, for conducting the business of money changer. In 1993, the company took on lease, the plant of Bhoruka Aluminium for a period of three years, under the BIFR rehabilitation scheme. In May '94, the company came out with a Rs 12.71-cr public-cum-rights issue of 10.59 lac 15% redeemable PCDs of Rs 120 each, to part-finance the capital cost of acquiring ship, vehicles and other assets and also to meet long-term working capital requirements, etc, at a project cost of Rs 37.69 cr. _x000D_ _x000D_ The company is also into the field investments, finance, leasing, real estate, etc. TCIL has a collaboratiion with Hertz International, US. Chanderpal Investments, TCI Investments, Bhoruka Textiles, TCI Infrastructure Finance, Gati Corporation and TCI Industries are the subsidiaries of the company._x000D_ _x000D_ TCI's issued and paid up capital has been reduced to Rs. 0.50 per equity share of Rs. 10/- each. The company has alloted 406109 equity shares on conversion of warrants of Rs.170/- each,to promoters and Associates of the Company on preferential basis._x000D_