Tata Capital

Tata Capital, the flagship financial services company of the Tata group, is a subsidiary of Tata Sons and is registered with the Reserve Bank of India as a systemically important non-deposit accepting core investment company (CIC). As a CIC, Tata Capital is primarily a holding company, holding investments in its subsidiaries and other group companies employing over 1000-2500 employees and has over 1,000 customer touch-points. Tata Capital and its subsidiaries are engaged in a wide array of services and have many products in the financial services sector, and these products / services are offered under the Tata Capital brand.

Tata Capital

The company is focused on providing fund and fee-based financial services through an extensive network of over 1,000 customer touch-points covering tier I, tier II and tier III cities.

Areas of business

Tata Capital's range of offerings caters to the diverse financial requirements of its retail, corporate and institutional customers, directly or indirectly, through its subsidiaries:

  • Distribution and broking: Services such as broking, investment banking services, depository participant services and distribution of mutual fund units and third party investment products for retail and institutional customers.
  • Consumer finance: New and used car loans, two wheeler loans, personal loans, home loans, business loans, credit cards, consumer durable loans, loans against property, loans against securities, commercial vehicle loans for retail customers and insurance distribution as corporate agents of Tata AIA and Tata AIG.
  • Commercial finance: Financial products for large, medium, small, emerging corporate and value-based solutions for their ecosystems as well as to government and public sector enterprises. Product offerings include channel finance, purchase invoice discounting, SME loans, flexi loans, term loans, working capital demand loans, lease rental discounting, loans against shares, loans against property, asset finance (including rentals) for construction equipment & other equipment, syndications and structured finance.
  • Leasing solutions: Tata Capital, in partnership with Century Tokyo Leasing Corporation (TC-Lease), offers comprehensive, innovative and solution-oriented asset financing solutions. The solutions cover diverse asset classes including general and customised plant and machinery, computers and telecommunication equipment, infrastructure assets, railways, ATMs, commercial vehicles and passenger cars for employees of corporate and office equipment and other miscellaneous equipment such as rooftop solar, LED lighting, etc.
  • Investment banking: Advisory services on mergers and acquisitions, equity and debt and equity syndication and project advisory for corporate and small and medium enterprises.
  • Private equity: Investments in India and other countries through five funds: Tata Opportunities Fund, Tata Capital Growth Fund, Tata Capital Healthcare Fund, Tata Capital Innovations Fund and Tata Capital Special Situations Fund-Trust.
  • Wealth products distribution: Suite of investment offerings for high net worth individuals ranging from corporate fixed deposits, mutual funds, portfolio management services (PMS), private equity funds and structured products, real estate services and life insurance.
  • Investment advisory services: Services such as portfolio advisory services, financial planning services, retirement planning services, estate planning and trusteeship services and tax planning and advisory services.
  • Rural finance: Relevant financial products for rural customers, including financing of farm equipment and agri and allied business loans.
  • Cleantech & infrastructure finance: Financing and advisory services for companies that promote clean technology. The key areas include energy efficiency, renewable energy generation projects such as wind power, small hydro power, solar power, bio-mass and waste treatment, water management projects and projects that aid carbon footprint reduction.
  • Travel and forex: End-to-end travel-related services like airline ticketing, visa and passport facilitation, booking hotel accommodation, car-hire and surface transport. Foreign exchange products include travellers’ cheques, foreign currency notes, foreign currency denominated pre-paid travel cards, arrangement for inward money transfer service and other associated travel related products.

Joint ventures, subsidiaries, associates

  • Tata Capital Financial Services (TCFSL): A wholly-owned subsidiary of Tata Capital, registered with RBI as a systematically important non depositing accepting non-banking financial company. TCFSL has three main areas of business – corporate finance, consumer finance and advisory, and rural finance.
  • Tata Capital Housing Finance (TCHFL): TCHFL is a wholly-owned subsidiary of Tata Capital and is registered with NHB to carry on housing finance activities.
  • Tata Cleantech Capital (TCCL): A joint venture between Tata Capital and IFC, Washington DC, US, It is a systematically important non depositing accepting non-banking financial company registered with the RBI and engaged in the business of providing finance and advisory services for projects in renewable energy, energy efficiency, waste management and water management. In due course, post receipt of the infrastructure finance company license recently, TCCL will offer other relevant products in this segment as well.
  • Tata Securities (TSL): A wholly owned subsidiary of Tata Capital engaged in retail and institutional distribution and broking. TSL distributes third-party mutual fund investment products and offers stock broking services of buying, selling or dealing in securities, including futures and options, in its capacity as a member of the BSE and the National Stock Exchange of India. TSL is also a depository participant. TSL is also registered with Securities and Exchange Board of India (SEBI) as Category 1 merchant banker and portfolio manager. TSL also registered itself as research analyst under SEBI (Research Analysts) Regulations, 2014.
  • TC Travel and Services (TCTSL): A wholly-owned subsidiary of Tata Capital, primarily engaged in travel and travel related services.
  • Tata Capital Forex (TCFL): A wholly-owned subsidiary of Tata Capital, holds a full-fledged money changer license from RBI and is engaged in the money-changing business through foreign currency travellers’ cheques and pre-paid travel cards.
  • International Asset Reconstruction Company Private Limited (IARC): IARC is registered as a securitisation and reconstruction company with RBI and was promoted in 2002 by professionals from the banking and financial services sector, for reconstruction of financial assets. TCFSL holds a 25.37% equity stake in IARC.
  • Tata Capital also owns a 24% equity stake in Tata Autocomp Systems (TACO), which provides products and services in the automotive industry.
  • Nectar Loyalty Management (Nectar): Tata Capital Limited holds 49% in the joint venture and 51% is held by AIMIA (formerly known as Groupe Aeroplane Inc.)
  • Tata Capital Financial Services also owns around four percent of equity capital of Development Credit Bank, a growing private sector bank.

Some other alliances and partnerships include:

  • With Mizuho Securities to foster business cooperation in private equity, investment banking including cross border mergers and acquisitions, securities business including broking and distribution, structured finance and other business areas such as wealth management.
  • With Mizuho Corporate Bank (MHCB) to foster business cooperation, enhancing cross-market value creation capabilities, strengthening competitive advantages in addition to aiding each other in gaining a deeper understanding of the Indian and Japanese markets. As part of the understanding, Tata Capital and MHCB will cooperate in a wide-range of business areas. Some of these include Ninja Loans, Project and Infrastructure Finance and Treasury Products.
  • With Mitsubishi UFJ Securities to establish a basis of cooperation in a wide range of strategic business areas that include cross-border investment banking, global offering of Indian equities and towards the development of the local bond market.
  • With International Finance Corporation (IFC), a member of the World Bank Group to form Tata Cleantech Capital to assist, via lending and advisory services, small, mid-sized and even large companies to promote clean technology.
  • With AIMIA (formerly Groupe Aeroplan) - the Canadian Loyalty Marketing giant to launch a global multi-party coalition loyalty program in India.
  • With Century Tokyo Leasing Corporation to provide leasing solutions for the growing equipment leasing services market in India.

Location

The company is headquartered in Mumbai, India.

This profile was last updated on June 07, 2016 at 13:08 IST
Please refer to the official website of the company for more information (Website link available in the ‘Contact’ section on this page)