Tata Capital Limited is a financial and investment service provider in India. The company is based in Mumbai and has more than 100 branches across the country. The firm offers consumer loans,

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high ...

commercial finance In the United States, commercial finance is the function of offering loans to businesses. Commercial financing is generally offered by a bank or other commercial lender. Most commercial banks offer commercial financing, and the loans are either s ...

, and infrastructure finance, among others.

Overview

Tata Capital, a subsidiary of

Tata Sons Tata Sons Private Limited is the parent company of the Tata Group and holds the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants. It is a privately owned conglomerate of ...

Limited, was established in the year 2007. It is the

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

arm of the USD 108 billion

Tata Group The Tata Group () is an Indian multinational conglomerate headquartered in Mumbai. Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continents ...

. It is a holding company of Tata Capital Financial Services Limited (TCFSL), Tata Securities Limited, and Tata Capital Housing Finance Limited. The company is registered with the

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...

(RBI) as a Systematically Important Deposit Accepting Non-Banking Financial Company. Tata Capital offers services like commercial finance, investment banking, consumer loans,

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

, treasury advisory, and credit cards. It serves corporate, retail, and institutional customers through its wholly owned subsidiary, TCFSL.

Business developments and initiatives

Acquisition by Thomas Cook

In October 2017,

Thomas Cook India Thomas Cook (India) Ltd. is an Indian travel agency, headquartered in Mumbai, India, providing travel services including Foreign Exchange, International and Domestic Holidays, Visas, Passports, Travel Insurance and MICE. Founded in 1881 by Tho ...

Group acquired the forex and travel units of Tata Capital. These were its wholly owned subsidiaries, Tata Capital Travel and Services Limited and Tata Capital Forex Limited.

Agreement with Capital Float

In October 2017, Tata Capital entered into an agreement with Capital Float to offer Working Capital Loans to

small and medium-sized enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank ...

(SMEs) in the country through co-lending on the latter’s digital lending platform. Their “Pay Later” product enables borrowers to enjoy a credit limit of up to INR 50 lakh for one year.

Salaam Loans

Under its brand initiative, Do Right, Tata Capital launched Salaam Loans in May 2017. The initiative is aimed at lending to individuals who do not have access to organized credit. Under Salaam Loans, the company eliminated the requirement of filling numerous forms and checking applicant's CIBIL score for small tickets loans. It enables individuals to showcase stories on digital and social media. The stories with maximum ‘salaams’ or likes are entitled to secure a loan from Tata Capital. The company then offers personal loans up to INR one lakh at discounted rates to deserving individuals.

Partnership with Biz2Credit

In April 2016, Tata Capital joined hands with

Biz2credit Biz2Credit is an online financing platform for small businesses. The company provides direct funding to small businesses across the United States. The company is known for its financing products, educational resources for business such as the BizA ...

to facilitate finance to small and medium enterprises (SMEs). Biz2Credit is an online credit resource offering finance to small businesses.

Do Right

Launched in 2013, the Do Right initiative aims to spread the spirit of 'doing right'. The company leads a number of other initiatives under the Do Right campaign.

Awards and recognitions

* In 2017, the Salaam Loan initiative won Gold in the category of ‘Digital – Social Purpose’ and Bronze in the category of ‘Public Relations – Financial Services’ at the Spikes Asia Awards * In 2016, Tata Capital became the first Indian company to receive the Global EthicMark Award for Best Advertising Campaign in the ‘For Profit’ category for its Do Right initiative * In 2015, the company won Gallup Great Workplace Award * In 2014, Tata Capital’s online campaign, ‘Half Stories—The Journey of Doing Right’ received the Award of Excellence (Gold) in the category of Integrated Campaign –

Social Responsibility Social responsibility is an ethical framework in which an individual is obligated to work and cooperate with other individuals and organizations for the benefit of the community that will inherit the world that individual leaves behind. Social ...

at the 20th Annual Communicator Awards and ‘Grand Prix’ at the ABBY Awards * In 2013, Tata Capital was credited for its Human Resource (HR) Excellence at the CII National HR Excellence Award Confluence

References

External links

Official Website
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