New Delhi: Tata Capital, the financial services company of Tata Group, is preparing to launch an IPO in 2025. Before that, the company is engaged in consolidating its associate companies. It is the holding company of three companies of Tata Capital Group. These include Tata Capital Financail Services, Tata Capital Housing Finance and Tata Cleantech Capital. RBI had included Tata Capital Financial Services in the list of non-banking lenders in September last year. The company will now have to implement board approved policies and get listed within three years to meet the RBI norms.
Experts say that the board will decide whether to list it separately or merge it with the holding company. Tata Capital did not comment on this. Officials say that there may be a change in the role of some people after consolidation. As per RBI guidelines, NBFCs are required to meet certain conditions related to capital requirement, governance standards and regulation. Tata Capital has a consolidated book size of Rs 94,349 crore as on March 31, 2022.
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When was the last IPO
Tata Capital’s consolidated income during the financial year 2022 was Rs 10253 crore. During this period, the company’s profit also increased by 46 percent to Rs 1648 crore. Earlier, the IPO of any Tata Group company came 19 years ago. Tata Group brought the IPO of Tata Consultancy Services (TCS) in the year 2004. TCS is the second most valuable company in the country today. Mukesh Ambani’s Reliance Industries, the second biggest tycoon in India and Asia, has a market cap of Rs 1,650,738.74 crore while TCS is second with Rs 1,300,481.74 crore.
