Tata Capital Limited

Tata Capital Limited is the flagship financial services business of the Tata group and a subsidiary of Tata Sons Private Limited. Incorporated in 2007 and registered with the Reserve Bank of India as a non-banking financial company, it lends across retail, small-business and corporate segments through a wide product shelf that spans consumer loans, home and property-backed finance, vehicle and business loans, commercial and equipment finance, working-capital facilities, and the distribution of investment, insurance and card products. Its scale places it among the largest diversified non-bank lenders in the country. The company reaches borrowers through a pan-India branch footprint together with digital origination channels, direct sales teams and partner networks. As of 30 June 2025 it operated from more than 1,500 branches spread across upwards of 1,100 locations, and the great majority of new customers are onboarded digitally. Its balance sheet has grown quickly in recent years: consolidated assets rose from roughly 1.36 lakh crore rupees at the end of FY2023 to about 2.52 lakh crore rupees by June 2025, with total income for FY2025 of about 28,370 crore rupees and profit after tax of about 3,655 crore rupees. As a lender, Tata Capital funds itself largely through borrowings, and its growth depends on continued access to debt markets at competitive rates, on the strength of its underwriting and collections, and on the equity capital that supports its regulatory capital ratios. The Tata brand, which it uses under licence, gives it a low-cost funding profile and broad customer recognition. Growth is driven by rising retail credit demand in India, deeper penetration into smaller cities, cross-selling across an existing customer base, and increasing use of data-led underwriting and automation to keep operating costs contained.

Ahead of the issue the company placed 14,23,87,284 shares with 135 anchor investors at the upper band price of 326 rupees a share, raising about 4,641.83 crore rupees. Overseas participants included Morgan Stanley, Goldman Sachs, Citigroup, Nomura, Amansa Holdings, Norway's Government Pension Fund Global, Marshall Wace and Amundi, while domestic mutual funds such as ICICI Prudential, HDFC, Aditya Birla Sun Life, DSP, Axis, Kotak Mahindra, Nippon Life, UTI, Motilal Oswal, Mirae Asset and WhiteOak together took roughly 5.06 crore shares for about 1,650.4 crore rupees.