Madhya Pradesh Road Development Corporation Ltd. (MPRDC) was incorporated as a wholly government owned company under The Companies Act 1956 (CIN-U45203MP2004SGO16758); as amended by The Companies (Amendment) Act 2002 and The Companies (Second Amendment) Act 2002, by the Government vides order No. F-1-24-I-2004/Gen./19 with an authorized share capital of Rs. 20 Crore, paid up share capital of Rs. 10 Crore. The Company has received a Certificate of Incorporation and Certificate of Commencement of Business from the Registrar of Companies, Madhya Pradesh and Chhattisgarh on July 14 and August 11, 2004 respectively.
Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry.