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Tata Capital Limited Unlisted Shares

Tata Capital Limited: Your Trusted Financial Partner

A Legacy of Trust and Excellence

Tata Capital Limited, a cornerstone of the Tata Group, stands as a leading financial services provider in India. With a steadfast commitment to customer-centricity and innovation, Tata Capital offers a comprehensive suite of financial solutions catering to diverse needs.

Empowering Businesses and Individuals

Tata Capital’s extensive offerings encompass various financial services, including:

Commercial Finance: Fueling the growth of businesses across all scales with solutions like term loans, working capital loans, equipment finance, and more.
Investment Banking: Providing expert advisory and execution services for equity capital markets, mergers and acquisitions, structured finance, and infrastructure projects.
Private Equity: Investing in promising businesses with high growth potential and guiding them towards success.
Asset Finance: Addressing the unique requirements of the infrastructure sector through equipment finance, project finance, and customized solutions.
Consumer Loans: Offering a wide array of loan options for individuals, including home loans, auto loans, personal loans, and education loans.
Wealth Management: Providing personalized investment solutions and access to a range of financial products such as mutual funds, bonds, and portfolio management services.
Tata Cards: Delivering convenient and rewarding credit card experiences with attractive loyalty programs.
Cleantech Finance: Supporting the development and adoption of clean technologies through dedicated financing solutions.
Leasing Services: Partnering with Century Tokyo Leasing Corporation to offer comprehensive and innovative leasing services.

Tata Capital Housing Finance Limited (TCHFL): Building Dreams, Brick by Brick

TCHFL, a subsidiary of Tata Capital, specializes in providing home loans and affordable housing finance solutions. They also offer loans against property and support developers in constructing residential and commercial projects.

The Tata Capital Difference

Customer-Centric Approach: Tata Capital prioritizes understanding and fulfilling the unique needs of each customer.
Innovation and Technology: The company embraces technological advancements to deliver seamless and efficient financial services.
Expertise and Experience: Tata Capital’s team of seasoned professionals brings extensive knowledge and experience to the table.
Trust and Transparency: Building on the Tata Group’s legacy, Tata Capital upholds the highest standards of trust and transparency.

Partner with Tata Capital for your financial needs and experience the difference that comes with trust, reliability, and innovation.

Tata Capital Limited Incorporation Details

CIN of Tata Capital

U65990MH1991PLC060670

Registration Date of Tata Capital

05 February 1990

Category/Sub-category of Tata Capital

Limited by Shares/ Non-govt company

Tata Capital Registered office  address

Tata Capital Limited,

2/796, Second Floor, A Wing, Sakshi Towers

First Main Road, Kazura Gardens

Neelankarai, Chennai 600 041 Tamil Nadu

Tata Capital Registrar and Transfer Agent address

M/s Integrated Registry Management

Services Private Limited

2nd Floor, Kences Towers, North Usman Road,

T Nagar, Chennai 600 017

Tata Capital Limited Principal Business Activities

Name and Description of main products/services NIC Code of the product/service % to the total turnover of the Company
Investment Activity 64200 60%
Private Equity Investments  66309; 66190 26%

Tata Capital Limited Board of Directors

Mr. Saurabh Agrawal, Chairman Director

Mr. F.N. Subedar, Non-Independent, Non-Executive Director

Ms. Varsha Purandare, Independent Director

Ms. Malvika Sinha, Independent Director

Ms. Aarthi Subramanian, Non-Independent, Non-Executive Director

Mr. Rajiv Sabharwal, Managing Director & CEO

Tata Capital Limited Particulars of Subsidiary and Associate Companies

S. No.  Name of the Company Holding/ Subsidiary/ Associate % of Shares held
1. Tata Securities Limited Subsidiary 100%
2. Tata Capital Housing Finance Limited Subsidiary 100%
3. Tata Capital Financial Services Limited Subsidiary 100%
4. Tata Capital Growth Fund Subsidiary 73.75%
5. Tata Cleantech Capital Limited Subsidiary 80.50%
6. Tata AutoComp Systems Limited Associate 24%
7. Tata Technologies Limited Associate 4.48%
8. Novalead Pharma Private Limited Associate 19.75%
9. Vortex Engineering Private Limited Associate 18.49%
10. Tema India Limited Associate 35.01%

Tata Capital Limited Shareholding Pattern (As of 31-03-2022)

S. No. Shareholders’ Name Number of shares % of total Shares of the company
1. Promoter Group 3,32,45,83,520 94.55%
2. Public Shareholding 19,15,84,224 5.45%
  Total 3,51,61,67,744 100.00%

Industry Outlook

The financial services sector in India, which accounts for 6 percent of the nation’s GDP, is growing rapidly. Although the sector consists of commercial banks, development finance institutions, nonbanking financial companies, insurance companies, cooperatives, mutual funds, and the new “payment banks,” it is dominated by banks, which hold over 60 percent of the market.

Non-banking finance companies (NBFC) provide loans, purchase stocks and debentures, and offer leasing, hire-purchase, and insurance services.

Insurance companies function in both the public and private sectors and are controlled by the Insurance Regulatory and Development Authority (IRDA).

India once had a heavily government-dominated financial services industry, and most services were provided by nationalised banks. Financial sector reforms were initiated in 1991 with the aim of accelerating economic growth.

In the following years, industry and service sectors were opened up for foreign direct investment. The reforms ended the dominance of the public sector and reduced direct government control over industrial investments.

Financial sector reforms in India have improved resource mobilizations and allocations. The liberalization of interest rates and the easing of cash reserve norms have helped make funds available to various sectors. However, prudential norms have been tightened and transparency and regulation increased to avoid the systemic collapse that other countries have suffered.

FAQs on Tata Capital Limited, Unlisted Shares

Q1. Is Tata Capital listed or not?

Tata Capital Limited is a non-banking financial company and a wholly-owned subsidiary of Tata Sons Pvt Ltd. It is not a publicly listed company.

Q2. Is Tata Capital a private company?

Tata Capital is a Limited company. Tata Group (Promoter Group) is holding almost 95% Shares of the company.

Q3. Is Tata Capital profitable?

Yes, Tata Capital is a Profit Making Company.

Q4. What is the share price of Tata Capital today?

As Tata Capital is not a publicly listed company, its shares are not traded on the stock market, and consequently, the Tata Capital share price is not publicly available.

Balance Sheet

Tata Capital Limited Balance Sheet (Amt. in Lakhs)

Particulars As at March 31, 2023 As at March 31, 2022 As at March 31, 2021
ASSETS
Financial Assets
Cash and cash equivalents 3,05,888 2,08,162 2,02,691
Bank balance other than above 25,771 5,420 2,372
Derivative financial instruments 22,958 3,521 1,154
Receivables
Trade receivables 7,361 3,233 2,663
Other receivables 39 22 7
Loans 1,16,75,613 90,11,053 73,62,635
Investments 12,65,897 6,78,008 3,82,328
Other financial assets 36,506 25,090 57,470
1,33,40,033 99,34,509 80,11,320
Non-Financial Assets      
Current tax assets (net) 14,087 16,565 14,150
Deferred tax assets (net) 38,107 84,099 73,930
Investments accounted using equity method 59,507 1,06,608 82,969
Investment property 1,987 2,016 2,127
Property, plant and equipment 48,627 56,280 76,575
Capital work-in-progress 1130 377
Intangible assets under development 872 772 755
Other intangible assets 3,255 2,514 2,710
Right of use assets 19,393 11,133 8,732
Other non-financial assets 29,227 22,683 19,758
2,16,192 3,03,047 2,81,706
Total Assets 1,35,56,225 1,02,37,556 82,93,026
LIABILITIES AND EQUITY LIABILITIES
Financial Liabilities
Derivative financial instruments 6,232 34,305 21,555
Payables
Trade payables
Total outstanding dues of micro enterprises and small enterprises 703 203 111
Total outstanding dues of creditors other than micro enterprises and small enterprises 1,23,197 1,02,222 80,863
Other payables
Total outstanding dues of micro enterprises and small enterprises
Total outstanding dues of creditors other than micro enterprises and small enterprises
Debt securities 51,37,558 40,69,140 31,93,375
Borrowings (Other than debt securities) 54,93,413 38,63,992 31,22,451
Subordinated liabilities 7,02,620 6,88,845 5,90,482
Lease liabilites 20,538 12,345 10,243
Other financial liabilities 1,95,425 1,26,873 1,44,972
1,16,79,686 88,97,925 71,64,052
Non-Financial Liabilities
Current tax liabilities (net) 30,677 34,939 28,695
Provisions 9,946 7,302 5,849
Other non-financial liabilities 21,049 13,791 13,751
61,672 56,032 48,295
Equity
Equity share capital 3,50,707 3,46,335 3,46,360
Other equity 13,45,166 8,24,971 6,50,940
Equity attributable to owners of the Company 16,95,873 11,71,306 9,97,300
Non-controlling interest 1,18,994 1,12,293 83,379
Total Liabilities and Equity 1,35,56,225 1,02,37,556 82,93,026

 

Tata Capital Limited Profit & Loss Statement (Amt. in Lakhs)

Particulars For the Year Ended March 31, 2023 For the Year Ended March 31, 2022 For the Year Ended March 31, 2021
Revenue from operations
Interest income 11,89,590 9,08,975 8,72,779
Dividend income 79 82 63
Rental income 26,926 30,339 37,735
Fee and commission income 31,414 25,813 14,976
Net gain on fair value changes 6,374 39,923 49,887
Net gain on de-recognition of associates 81,458 5,715 8,102
Net gain on de-recognition of investment carried at amortized cost 87
Total revenue from operations 13,35,841 10,10,934 9,83,542
Other income 27,859 20,207 15,230
Total income 13,63,700 10,31,141 9,98,772
Expenses
Finance costs 6,60,078 4,88,903 5,21,258
Impairment on investment in associates 765 267 5254
Impairment on financial instruments 57,429 1,08,061 1,39,777
Employee benefits expense 1,28,541 88,980 69,398
Depreciation, amortization and impairment 22,602 27,588 33,437
Other expenses 1,15,299 93,534 67,879
Total expenses 9,84,714 8,07,333 8,37,003
Profit from continuing operations before exceptional items, share of net profits of investments accounted for using equity method and tax 3,78,986 2,23,808 1,61,769
Share in profit of associates 14,670 10,964 -272
Profit from continuing operations before exceptional items and tax 3,93,656 2,34,772 1,61,497
Exceptional items
Profit before tax from continuing operations 3,93,656 2,34,772 1,61,497
Tax expenses
Current tax 1,08,455 66,138 42,738
Deferred tax -7,960 -11,009 -5,705
Short / (Excess) of earlier years -1416 -438
Net tax expense 99,079 54,691 37,033
Profit for the year from continuing operations 2,94,577 1,80,081 1,24,464
Other Comprehensive Income
Items that will not be reclassified to profit or loss
Owners of the Company
Re-measurement of defined employee benefit plans -1233 -247 1584
Current tax relating to Re-measurement of defined employee benefit plans 314 62 -397
Changes in fair values of investment in equities carried at Fair Value Through Other Comprehensive Income (FVTOCI) 222995
Tax on Changes in fair values of investment in equities carried at FVTOCI -53262 7
Non-controlling interest
Re-measurement of the defined employee benefit plans (net of tax) -8
Changes in fair values of investment in equities carried at FVTOCI 5564
Items that will be reclassified to profit or loss
Owners of the Company
Debt instruments measured through FVTOCI -1,212 -1,068 117
Income tax on Debt instruments through FVTOCI 211 182 -20
Fair value loss on financial assets carried at FVTOCI -387 -1,056 1,029
Income tax relating to fair value gain on financial asset measured through FVTOCI 101 327 -302
The effective portion of gain on hedging instruments in a cash flow hedge 4,039 5,283 -2,463
Income tax relating to the effective portion of gain on hedging instruments in a cash flow hedge -1,027 -1,361 629
Share of other comprehensive income in associates (net) -858 1,338 158
Exchange differences in translating financial statements of foreign operations 4,763 1,603 -838
Non-controlling interest
Fair value loss on financial asset measured through FVTOCI -39 -134 296
The effective portion of loss on hedging instruments in a cash flow hedge 43 124 -36
Total Other Comprehensive Income 1,80,004 5,053 -236
Total Comprehensive Income for the year 4,74,581 1,85,134 1,24,228
Profit for the year attributable to:
Owners of the company 2,97,490 1,64,821 1,12,583
Non-controlling interest -2,913 15,260 11,881
Other comprehensive income for the year attributable to:
Owners of the company 1,74,444 5,063 -503
Non-controlling interest 5560 -10 267
Total comprehensive income for the year attributable to:
Owners of the company 4,71,934 1,69,884 1,12,080
Non-controlling interest 2,647 15,250 12,148
Earnings per equity share (Face value: Rs10 per share)
Basic 8.46 4.69 3.2
Diluted 8.46 4.69 3.2

Tata Capital Limited Consolidated Cash Flow Statement (Amt. in Lakhs)

Particulars For the Year Ended March 31, 2023 For the Year Ended March 31, 2022 For the Year Ended March 31, 2021
1. CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax 3,93,656 2,34,772 1,61,497
Adjustments for :
Depreciation, amortization, and impairment 22,602 27,588 33,437
Net loss / (gain) on de-recognition of property, plant and equipment, and right-to-use assets 310 -1,014 46
Interest expenses 6,60,078 4,88,903 5,21,258
Interest income -11,89,590 -9,08,975 -8,72,779
Dividend income -79 -82 -63
Provision for leave encashment 512 89 155
Exchange gains (net) -282 -8 40
Net loss/(gain) on fair value changes
Realised -6,433 -8,327 -15,317
Unrealised 58 -31,596 -34,570
Net loss / (gain) on de-recognition of investment in Associates -81,458 -5,715 -8,102
Net gain on de-recognition of investment carried at amortized cost -87
Rental income on fair valuation of security deposit -3907
Share in profit of associates -14,670 -10,964 272
Share based payments to employees 2,148 1,510 1,068
Interest on income tax refund -208 -54 -2494
Impairment on financial instruments 55,775 1,08,081 1,39,765
Impairment on investments 765 264 5251
Provision against derivative current credit exposure 67
Provision against trade receivables 1587 -17 15
Provision against assets held for sale -1 -466
-1,59,069 -1,05,633 -70,987
Interest paid -5,90,478 -4,48,837 -4,80,901
Interest received 11,42,176 8,62,646 8,68,764
Interest received on income tax refund 208 54 2494
Dividend received 2011 113 63
Cash generated from operation before working capital changes 3,94,848 3,08,343 3,19,433
Movement in working capital:
(Increase) / decrease in loans -26,76,394 -17,08,722 -38,395
Increase in trade receivables -5730 -566 1972
Decrease / (Increase) in other financial / non financial assets -17,442 26,112 -11,974
Increase / (decrease) in other financial / non financial liabilities 73,479 -23,420 49,129
Increase / (decrease) in provisions -1325 -314 880
Increase in trade payable 21,976 21,629 17,924
-26,05,436 -16,85,281 19,536
Taxes paid (net) -1,08,383 -61,746 -25,293
NET CASH (USED IN) / GENERATED FROM OPERATING ACTIVITIES -23,18,971 -14,38,684 3,13,676
2. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment (including capital advances) -20,799 -3,996 -6,113
Proceeds from sale of property, plant and equipment 6,049 6,357 5,525
Investment in associates -15,146 -18,914 -8,527
Purchase of mutual fund units -3,72,05,094 -2,40,59,295 -9,17,58,675
Purchase of other investments -8,72,099 -6,14,931 -1,70,504
Proceeds from redemption of mutual fund units 3,70,68,001 2,39,12,414 9,16,18,896
Proceeds from sale of associates 1,00,846 11,429
Proceeds from sale of other investments 7,30,884 5,07,395 55,258
Bank Balances not considered as cash and cash equivalents -19,588 -2,169 1,566
NET CASH (USED IN) / GENERATED FROM INVESTING ACTIVITIES -2,26,946 -2,61,710 -2,62,574
3. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issue of Equity Shares 59379
Infusion of capital by minority shareholders 20,316 20,080 26,014
Payout of income/gain to contributors -18,275 -3,571 -2,074
Repayment of lease obligation -4,104 -3,670 -3,699
Redemption of preference shares -4,020 -4,988 -30,740
Share and debt issue expenses -4,211 -1,735 -2,766
Dividend paid on equity & preference shares -13,611 -8,244 -9,075
Proceeds from debt Securities 36,66,450 65,28,619 34,32,987
Proceeds from borrowings (other than debt securities) 45,82,843 48,09,067 31,49,875
Proceeds from subordinated liabilities 12,900 1,07,100 54,908
Repayment of debt securities -26,34,761 -56,63,063 -34,00,387
Repayment of borrowings (other than debt securities) -30,12,018 -40,67,245 -35,06,130
Repayment of subordinated liabilities -7,931 -6,792 12,419
NET CASH (USED IN) / GENERATED FROM FINANCING ACTIVITIES 26,42,957 17,05,558 -2,78,668
NET INCREASE IN CASH AND CASH EQUIVALENTS 97,040 5,164 -2,27,566
CASH AND CASH EQUIVALENTS AS AT THE BEGINNING OF THE YEAR 2,08,162 2,02,691 4,30,235
Exchange difference on translation of foreign currency cash and cash equivalents 686 307 22
CASH AND CASH EQUIVALENTS AS AT THE END OF THE YEAR 3,05,888 2,08,162 2,02,691

 

Let ‘s break down the Cash Flow Statement of TATA Capital Ltd for the years 2023, 2022, and 2021, activity-wise:

Cash Flow from Operating Activities:

Year Ended March 31, 2023:

The company generated a profit before tax of 3,93,656. Adjustments included depreciation, amortization, and impairment charges totaling 22,602, and interest expenses amounted to 6,60,078. Notably, there was a substantial interest income of -11,89,590. Various provisions and impairment charges, including 55,775 on financial instruments, impacted the operating cash flow. The net cash used in operating activities was -23,18,971, mainly due to significant working capital changes, including a substantial increase in loans.

Year Ended March 31, 2022:

With a profit before tax of 2,34,772, the company faced similar trends. Adjustments included depreciation, amortization, and impairment charges of 27,588, and interest expenses amounted to 4,88,903. The interest income was -9,08,975. Provisions and impairment charges, such as 1,08,081 on financial instruments, affected the overall cash flow. The net cash used in operating activities was -14,38,684, driven by working capital changes, including a significant increase in loans.

Year Ended March 31, 2021:

In this year, the company reported a profit before tax of 1,61,497. Adjustments included 33,437 for depreciation, amortization, and impairment charges, and interest expenses amounted to 5,21,258. The interest income was -8,72,779. Various provisions and impairment charges, including 1,39,765 on financial instruments, influenced the operating cash flow. Despite working capital changes, including an increase in trade receivables and provisions, the net cash generated from operating activities was 3,13,676.

Cash Flow from Investing Activities:

Year Ended March 31, 2023:

The company ‘s investing activities included a net cash outflow of -2,26,946. Major investments included the purchase of mutual fund units and other investments, while significant proceeds came from the redemption of mutual fund units and the sale of associates and other investments.

Year Ended March 31, 2022:

Investing activities resulted in a net cash outflow of -2,61,710. Key activities included the purchase of mutual fund units and other investments, with proceeds coming from the redemption of mutual fund units and the sale of associates and other investments.

Year Ended March 31, 2021:

Similarly, investing activities showed a net cash outflow of -2,62,574. The company invested in mutual fund units and other investments, with proceeds from the redemption of mutual fund units and the sale of associates and other investments.

Cash Flow from Financing Activities:

Year Ended March 31, 2023:

Financing activities resulted in a net cash inflow of 26,42,957. Key transactions included proceeds from debt securities, borrowings, and subordinated liabilities. The company also paid dividends on equity and preference shares.

Year Ended March 31, 2022:

Financing activities generated a net cash inflow of 17,05,558. The company raised funds through debt securities, borrowings, and subordinated liabilities, while also making repayments on various obligations.

Year Ended March 31, 2021:

In this year, financing activities showed a net cash outflow of -2,78,668. The company raised funds through the issuance of equity shares, capital infusion by minority shareholders, and proceeds from debt securities. However, significant repayments were made on debt securities and borrowings.

Overall Cash Position:

The net increase in cash and cash equivalents for the year ended March 31, 2023, was 97,040. The company ended the year with cash and cash equivalents of 3,05,888. In the previous year, the net increase was 5,164, and the cash and cash equivalents stood at 2,08,162. However, in the year ended March 31, 2021, there was a net decrease of -2,27,566, and the cash and cash equivalents were 2,02,691. Exchange differences in foreign currency cash and cash equivalents also contributed to the overall cash position.

This comprehensive analysis provides insights into the company ‘s financial performance, emphasizing the impact of operating, investing, and financing activities on its cash flow over the three years.

Dividend History of Tata Capital Limited

Particulars 2023 2022 2021
Dividend (final + interim) (In Rs.) 0.21 0.16
Retained Earnings (In Rs. Lakhs) 5,34,805 3,10,227 1,77,672

Tata Capital Limited Shareholding Pattern (As of 31-03-2023)

Particulars No. Of Shares % of Shares Held
Promoter 3,36,86,83,388 94.34 %
Public Shareholding 20,21,33,703 5.66 %
Total 3,57,08,17,091 100 %

Annual Report 2022-23

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