Tata Capital Financial Services Limited is a wholly owned subsidiary of Tata Capital Limited (TCL) and a Systemically Important Non-Deposit Accepting Non-Banking Finance Group (NBFC), holding a Certificate of Registration from the Reserve Bank of India dated November 4, 2011. The Company is domiciled in India and incorporated under the Companies Act, 2013 and listed its non-convertible debentures with BSE Limited and National Stock Exchange Limited. 

Company is engaged in providing fund and fee based financial services. It caters to the diverse needs of retail, corporate and institutional customers, across various areas of business namely the Commercial Finance, Infrastructure Finance, Wealth Management, Consumer Loans and distribution and marketing of Tata Cards.

During FY 2015-16, the Company raised funds by issuing Compulsorily Convertible Cumulative Preference Shares ('CCCPS') of Rs 10 each carrying a dividend rate of 9% p.a., aggregating Rs 160 crore, on a rights basis to TCL. 

The Company's loan book size increased by Rs 5,053 crore from Rs 24,603 crore in FY 2014-15 to Rs 29,656 crore in FY 2015-16, recording an increase of 13%.

During FY 2015-16, the Company met its funding requirements through a combination of short term debt (comprising Commercial Papers, ICDs and Bank Loans) and long term debt (comprising Non-Convertible Debentures ('NCDs') and Bank Loans). During FY 2015-16, the Company issued Unsecured Debentures by way of perpetual debt of Rs 400 crore, Unsecured Debentures by way of Subordinated Debt of Rs 290 crore, Unsecured Debentures through private placements of Rs 500 crore and Secured Redeemable NCDs aggregating Rs 4,738.20 crore (face value) through private placements.

During FY 2016-17, the Company raised funds by issuing Compulsorily Convertible Cumulative Preference Shares ('CCCPS') of Rs 10 each aggregating Rs 785 crore, on a rights basis to TCL, carrying a dividend rate of 9% p.a. 

The Company's loan book increased by Rs 3,254 crore from Rs 29,656 crore in FY 2015-16 to Rs 32,910 crore in FY 2016-17.

During FY 2016-17, the Company met its funding requirements through a combination of short term debt (comprising Commercial Papers, ICDs and Bank Loans) and long term debt (comprising Non-Convertible Debentures ('NCDs') and Bank Loans). During FY 2016-17, the Company issued Unsecured Debentures by way of perpetual debt of Rs 100 crore, Unsecured Debentures by way of Subordinated Debt of Rs 215 crore, Unsecured Debentures through private placements of Rs 500 crore and Secured Redeemable NCDs aggregating Rs 4067 crore (face value) through private placements.The aggregate debt outstanding as at 31 March 2017 was Rs 27284 crore.

During FY 2017-18, the Company raised funds by issuing Compulsorily Convertible Cumulative Preference Shares ('CCCPS') of Rs. 10 each aggregating Rs. 575 crore, on a Rights basis to TCL, carrying a dividend rate of 8.5% p.a.

The Company's loan book increased by Rs. 4,359 crore from Rs. 32,910 crore in FY 2016-17 to Rs. 37,269 crore in FY 2017-18.

During FY 2017-18, the Company issued Unsecured Debentures by way of perpetual debt of Rs 318 crore, Unsecured Debentures through private placements of Rs 800 crore and Secured Redeemable NCDs aggregating Rs 6075.80 crore (face value) through private placements. The aggregate debt outstanding as at 31 March 2018 was Rs 31339 crore.

During FY 2018-19, the Company offered, issued and allotted 1,02,50,00,000 8.5% CCCPS of Rs. 10 each, at par, aggregating Rs. 1,025 crore, on a Rights basis' to TCL and pursuant to the approval of the Board of Directors of the Company, 65,60,00,000 9% CCCPS of Rs. 10 each were converted into 7,80,11,658 Equity Shares of Rs. 10 each, at a fair value of Rs. 84.09 per equity share, with effect from 01 February 2019.

The Company's loan book increased from Rs. 37,269 crore in FY 2017-18 to Rs. 45,316 crore in FY 2018-19.

During the FY2019, the company issued Unsecured Debentures through private placements of Rs 790 crore and Secured Redeemable NCDs aggregating Rs 5611.30 crore (face value) through private placements. 

During FY 2018-19, the Board of Directors approved the public issue of Rated, Listed, Secured, Redeemable, NCDs of face value of Rs. 1,000 each and Unsecured, Subordinated Redeemable, NCDs eligible as Tier II Capital of face value Rs. 1,000 each, aggregating upto Rs. 7,50,000 lakh. 

On 29 August 2018, the Company issued Secured, Redeemable NCDs of the face value Rs. 1,000 each up to Rs. 6,00,000 lakh and Unsecured, Subordinated, Redeemable NCDs of face value Rs. 1,000 each up to Rs. 1,50,000 lakh eligible as Tier II Capital, aggregating up to Rs. 7,50,000 lakh ('Tranche I Issue'), to the Public. On 27 September 2018, the Company allotted 3,37,34,013 NCDs of face value of Rs. 1,000 each aggregating Rs. 3,373.40 crore, to the successful applicants of the Tranche I Issue, comprising 3,00,20,035 Secured NCDs of face value Rs. 1,000 each and 37,13,978 Unsecured NCDs of face value Rs. 1,000 each. The Company received the trading and listing approval from BSE Limited and the National Stock Exchange of India Limited on 28 September 2018 and the trading of NCDs on the Stock Exchanges commenced from 01 October 2018.

The aggregate debt outstanding as at 31 March 2019 was Rs. 39,806 crore.

During FY 2019-20, pursuant to the approval of the Board of Directors of the Company, 28,90,00,000 9% Compulsorily Convertible Cumulative Preference Shares ('CCCPS') and 160,00,00,000 8.50% CCCPS, aggregating 188,90,00,000 CCCPS of Rs. 10 each were converted into 22,46,40,272 Equity Shares of Rs. 10 each, at a fair value of Rs. 84.09 per Equity Share, with effect from 30 September 2019.

Further, the Company offered, issued and allotted 2,97,30,051 Equity Shares Rs. 10 each on 12 March 2020, at a premium of Rs. 74.09 per Equity Share, aggregating Rs. 249.99 crore, on a Rights basis to TCL.

The Company's loan book decreased by Rs. 502 crore from Rs. 45,316 crore in FY 2018-19 to Rs. 44,814 crore in FY 2019-20.

During FY 2019-20, the Company met its funding requirements through a combination of Short Term debt (comprising Commercial Papers, Inter-Corporate Deposits ('ICDs') and Bank Loans) and Long Term debt (comprising Non-Convertible Debentures ('NCDs'), Bank Loans and External Commercial Borrowings('ECBs')). 

During FY 2019-20, the Company issued Secured Redeemable NCDs-Market linked of Rs 328.50 crore, Unsecured Debentures by way of Subordinated Debt of Rs 384.50 crore, Unsecured Debentures through private placements of Rs 500 crore and Secured Redeemable NCDs aggregating Rs 2933.50 crore (face value) through private placements.

On 02 August 2019, the Company issued Secured, Redeemable NCDs of the face value Rs. 1,000 each up to Rs. 299,790 lakh and Unsecured, Subordinated, Redeemable NCDs of face value Rs. 1,000 each up to Rs. 112,810 lakh eligible as Tier II Capital, aggregating up to Rs. 412,600 lakh ('Tranche II Issue'), to the Public. On 26 August 2019, the Company allotted 21,577,253 NCDs of face value Rs. 1,000 each aggregating Rs. 2,157.73 crore, to the successful applicants of the Tranche II Issue, comprising 1,98,03,780 Secured NCDs of face value Rs. 1,000 each and 17,73,473 Unsecured NCDs of face value Rs. 1,000 each.

The aggregate debt outstanding as at 31 March 2020 was Rs. 38,188 crore.

The Company's loan book increased by Rs. 287 crore from Rs. 44,814 crore in FY 2019-20 to Rs. 45,101 crore in FY 2020-21.

During FY 2020-21, the Company issued Secured Redeemable NCDs-Market linked of Rs 33 crore, Unsecured Debentures by way of Subordinated Debt of Rs 300 crore, Perpetual NCDs of Rs 175 crore and Secured Redeemable NCDs aggregating Rs 5225 crore (face value) through private placements.

The aggregate debt outstanding as at 31 March 2021 was Rs. 38,541.17 crore.