Karnataka-based Tumkur Merchants Credit Co-operative Ltd. (TMCC) has reported another year of strong growth in FY 2025-26, with its total business crossing the Rs 3,030 crore mark.
According to the society’s annual performance figures, deposits rose to Rs 1,721.59 crore in FY26 from Rs 1,508.88 crore in the previous year, registering a growth of over 14 percent. Advances also increased to Rs 1,309.91 crore, compared to Rs 1,284.64 crore a year earlier.
TMCC continued its profitability streak, posting a net profit of Rs 55.19 crore, up from Rs 52.59 crore in FY25. The society has proposed a 15 percent dividend for its members.
The performance reflects TMCC’s consistent growth trajectory over the past several years. Deposits have increased from Rs 1,140.94 crore in FY21 to Rs 1,721.59 crore in FY26, while net profit has surged from Rs 30.55 crore to Rs 55.19 crore during the same period.
Headquartered in Tumkur, TMCC is among Karnataka’s leading cooperative credit institutions, serving thousands of members through its expanding financial services network.
The society is headed by N.S. Jayakumar, who also serves on the Board of NAFCUB, the apex body representing urban cooperative banks and credit societies in the country. Under his leadership, TMCC has continued to strengthen its financial position while maintaining steady growth in business and profitability.