Tata Capital Limited was incorporated as ‘Primal Investments & Finance Limited’ as a public limited company on March 8, 1991. Subsequently, the name of the company was changed to ‘Tata Capital Limited’ for the purposes of brand visibility. Further, pursuant to the schemes of amalgamation between the company and its wholly owned subsidiaries -- TICL, ICML, TCFSL and TCCL, these subsidiaries were merged with the company. Separately, pursuant to a scheme of arrangement between the company and its wholly owned subsidiary -- TCFSL, the company transferred its NBFC business to TCFSL. Furthermore, pursuant to a scheme of arrangement between the company and TMFL becoming effective from May 8, 2025 the business of TMFL has been transferred to the company.

The company is the flagship financial services company of the Tata group and a subsidiary of Tata Sons Private Limited, the holding company of the Tata group and the Promoter of the company. Through its comprehensive suite of lending products, it caters to a diverse customer base comprising salaried and self-employed individuals, entrepreneurs, small businesses, small and medium enterprises and corporates. It focuses on Retail and SME Customers. It operates an omni-channel distribution model that combines its wide branch network, a robust partner ecosystem, and a strong digital presence, all of which work together to deliver a superior customer experience. 

It has undertaken branch additions in the preceding three fiscal years. Its branch network is complemented by its proprietary digital platforms, including website and mobile apps, which work together to support its ‘phygital’ strategy. Furthermore, it has established partnerships with direct selling agents (DSAs), original equipment manufacturers (OEMs), dealers, and digital partners to broaden its reach. In addition to its Lending Business, it has non-lending businesses which comprise (i) distribution of third-party products such as insurance and credit cards, (ii) wealth management services catering to high-net worth individuals and retail clients, and (iii) private equity business, wherein it currently focused on two themes viz. (a) Growth (focused on urbanisation, manufacturing and strategic services), and (b) Healthcare (focused on pharmaceuticals, hospitals, contract research and manufacturing services, diagnostic chains and other healthcare services). In addition to these funds, it is also the sponsor and investment manager to three other thematic funds (Opportunities, Innovations and Special Situations), which are in the process of being fully exited. Further, the Board has approved the launch of another thematic fund, the Decarbonization Fund.

Business area of the company 

The company together with its subsidiaries (collectively, the Group), is primarily engaged in lending and investing activities. Further, one of the subsidiaries within the Group is also engaged in providing broking services and undertaking trading activities. The company is the flagship financial services company of the Tata group and a subsidiary of Tata Sons Private Limited, the holding company of the Tata group and the Promoter of the company.

Products and services of the company

Lending Business  

• Home Loans
• Loans Against Property
• Personal Loans
• Business Loans
• Secured Business Loans
• Two-Wheeler Loans
• Car Loans
• Commercial Vehicle Loans
• Construction Equipment Loans
• Loans Against Securities
• Microfinance Loans
• Education Loans
• Supply Chain Finance
• Equipment Finance
• Leasing Solutions
• Term Loans
• Cleantech and Infrastructure Finance
• Developer Finance

Non-lending Businesses 

• Distribution of Insurance and Credit Cards
• Wealth Management
• Private Equity Funds

Awards, accreditations and recognition 

• 2023: Recipient of the ‘Outstanding Financial Institution for Green Financing’ award at the Indian Green Energy Awards.
• 2023: Winner of the ‘Golden Peacock Award for Risk Management’ at the Golden Peacock Awards.
• 2023: Recipient of the ‘Digital Servicing for Customer Experience Enhancement (Retail Mobile App & Website)’ and ‘Digital Loan Against Securities (Shares/Mutual Funds)’ award at the CII Digital Transformation Awards 2023.
• 2023: Winner in the category of ‘Best Product/Service Innovation’ at the ASSOCHAM 18th Annual Summit & Awards 2023 on Banking & Financial Sector Lending Companies.
• 2023: Winner of the ‘Best NBFC in Innovation’ award at the BT - Best Banks & NBFCs Awards 2022-2023.
• 2023: Recipient of the ‘Asset Finance Company of the Year’ award at the 2nd Annual NBFC and Fintech Excellence Awards 2023.
• 2023: Winner of the ‘Masters of Risk - NBFC’ in the large cap sector at the CNBC-TV 18 India Risk Management Awards.
• 2023: Recipient of the ‘Best Investment Management NBFC of the Year’; ‘Most Innovative Product of the Year’ and ‘Best CX Company of the Year’ awards at the Bharat Insurance & Fintech Awards 2023.
• 2024: Secured the ‘Global Sustainability Award’ in the ‘Platinum Category’ at the EEF’s 14th Annual Global Sustainability Awards 2024.
• 2024: Recognized as ‘Great Place to Work for 2024’ by Great Place to Work.
• 2024: Winner of the ‘Best Innovation in Digital Lending’ at 6th edition of ETBFSI Exceller Awards 2024.
• 2024: Recipient of the ‘Gold category’ award at the 9th Business World People HR Excellence Summit and Awards 2024.
• 2024: Tata Capital Growth Fund awarded ‘MidMarket PE Investor of the Year 2024’ by Venture Intelligence-Awards for Private Equity Excellence.
• 2024: Awarded the ‘Clean Energy Financing Award: Other Financing Channels’ at the 4th Green Urja & Energy Efficiency Awards, 2024.
• 2025: Recognized as one of the ‘Best BFSI Brands - 2025’ by ET Edge.
• 2025: Recipient of the ‘Best Innovations in Digital Customer Experience’ and ‘Best Gen AI Innovator in Digital Lending’ at the Bharat BFSI Leadership Summit & Awards 2025.
• 2025: Awarded 'Organisation of the Year in Clean Energy Financing' at the Green Finance Excellence Awards 2025.
• 2025: Presented with the ‘Best Practices ‘Green Switch and JalAadhar’’ at the Ethics and TAAP Summit 2025.

History and milestones

• 2007: The company’s name was changed from ‘Primal Investments & Finance Limited’ to ‘Tata Capital Limited’
• 2008: Forayed into the home loan business through incorporation of the Material Subsidiary, TCHFL.
• 2009: Launched the private equity business.
• 2010: Incorporation of the erstwhile wholly owned subsidiary, TCFSL, to house the NBFC business.
• 2012: The company reorganized as a core investment company and transferred its NBFC business to TCFSL.
• 2013: Launched cleantech finance business under TCCL.
• 2017: The company crossed the Rs 50,000 crore mark in terms of its loan book size.
• 2018: The company was accredited with credit rating CRISIL AAA/Stable assigned to its non-convertible debentures, upgraded from CRISIL AA+/Stable.
• 2022: The company crossed the Rs 100,000 crore mark in terms of its loan book size.
• 2024: TCFSL and TCCL merged into the company and the company surrendered its core investment company license and procured license as NBFC-ND-SI from RBI.
• 2024: S&P Global Ratings issued 'BBB-' long-term and ‘A-3’ short-term issuer credit ratings to the company.
• 2025: TMFL merged into the company pursuant to the TMFL Scheme of Arrangement.
• 2025: The company crossed the Rs 200,000 crore mark in terms of its loan book size.
• 2025: S&P Global Ratings upgraded the company’s issuer credit rating to ‘BBB/Stable/A-2’ from ‘BBB-/Positive/A-3’.