Tata Capital Limited (TCL) is a prominent, diversified Non-Banking Financial Company (NBFC) and the flagship financial services arm of the esteemed Tata Group, a conglomerate with a 150-year legacy and India’s most valuable brand. As a subsidiary of Tata Sons Private Limited, TCL benefits from strong parental backing and a premium AAA credit rating from four domestic agencies. The company is a formidable player in the Indian financial landscape, recognized by the CRISIL Report as the third largest diversified NBFC in India, with Total Gross Loans of ₹2,265.5 billion as of March 31, 2025.

TCL operates an expansive and rapidly growing lending business, with Total Gross Loans increasing at a remarkable CAGR of 37.3% from March 31, 2023, to March 31, 2025. This growth is underpinned by a focus on Retail and SME Customers, who constitute 88.5% of its loan book. TCL offers a comprehensive suite of 25+ lending products, including consumer, commercial, and cleantech finance, distributed through an omni-channel model encompassing 1,496 branches and advanced digital platforms. The company maintains superior asset quality. Beyond lending, TCL’s non-lending segments include Wealth Management and a robust Private Equity business, offering a well-rounded financial services platform.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Tata Group Backing and Brand Value: Flagship financial services arm of the Tata Group, India’s most distinguished business conglomerate with a 150-year legacy and most valuable brand.
• Market Position and Product Depth: Third largest diversified NBFC in India with ₹2,265.5 billion in Gross Loans and the most comprehensive suite of 25+ lending products.
• Distribution and Digital Edge: Robust omni-channel distribution combining 1,496 branches, extensive partnerships, and digital platforms driving operational efficiency and customer experience.
• Top-Tier Credit Profile and Asset Quality: Holds the highest credit rating (AAA) for an NBFC, supported by a diverse liability mix, prudent risk culture, and superior asset quality metrics.

The Company TATA CAPITAL LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Augmentation of our Company’s Tier-I capital base to meet our Company’s future capital requirements including onward lending

At the upper band of IPO ₹ 326, the stock is valued at 33.24 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.