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 % |