TISB was established in 2006 as an investment Company and entrusted by the state Government to initiate a reorganization and consolidation exercise on 1 March 2007 for streamlining the business activities of State Government Agencies.
The Memorandum & Articles of Association of TISB outlines the main objectives as follows:
- To carry on business as Advisors and Consultants to government, business, commerce and industry;
- To invest the funds of the Company through acquiring, selling and dealing with any shares, stock, debentures stock, mortgages, bonds, notes, securities, unit trusts etc; and
- To acquire by purchase, lease, exchange, hire or otherwise and to deal with and invest in any moveable and immoveable property etc.