Tata Capital Limited is one of India's financial and investment service providers. The organization is situated in Mumbai and has over 100 branches; the organization provides customers loans, infrastructure & commercial finance, and wealth management.
Tata Capital, a branch of Tata Sons Limited, was laid out in 2007. It’s the financial services arm of the USD 108 billion Tata Group. Tata Capital is a Tata Capital Housing Finance Limited, Tata Capital Financial Services Limited (TCFSL), and Tata Securities Limited holding company.
The organization is enlisted with the Reserve Bank of India (RBI) as a Systemically vital Deposit Accepting Non-Banking Financial Firm. Tata Capital provides consumer loans, business finance, investment banking, personal value, depository warning, and Mastercards. It serves retail, corporate, and institutional customers via its completely owned auxiliary, TCFSL.
In October 2017, Thomas Cook India Group obtained the forex and travel units of Tata Capital. It's completely possessed auxiliaries, Tata Capital Forex Limited and Tata Capital Travel and Services Limited.
In October 2017, Tata Capital went into a concurrence with Capital Float to provide Working Capital Loans to SMEs in the country through co-loaning on the latter's computerized loaning platform. Their "Pay Later" product empowers borrowers to partake in a credit cutoff of up to INR 50 lakh for one year.
Under its brand drive, ‘Do Right’, Tata Capital started Salaam Loans in May 2017. The drive is pointed toward loaning to people who don't approach coordinated credit. Under Salaam Loans, the organization wiped out the prerequisite of filling out various forms and checking candidates' CIBIL scores for small ticket loans. It empowers people to grandstand stories on online and other social media platforms. The stories with the highest 'salaams' or likes are qualified to secure credit from Tata Capital. The organization then, at that point, presents personal loans to INR one lakh at limited rates to meriting candidates.
In April 2016, Tata Capital held hands with Biz2credit to work with finance to SMEs. Biz2Credit is an internet-based credit asset providing finance to SMEs.
Launched in 2013, the Do Right initiative aims to spread the spirit of 'doing right'. The company leads many other initiatives under the Do Right campaign.