TATA Capital Unlisted Shares Annual Reports

TATA Capital Unlisted Shares

The provided PDF is the annual report for 2023-24 of Tata Capital, a subsidiary of Tata Sons Private Limited. The report highlights the company’s performance, initiatives, and compliance with regulatory standards. The report showcases "Telescopic Views to Rover Expeditions, Ascending to a Tech-Driven Tomorrow" and emphasizes the company's commitment to being a responsible financial partner, fulfilling India's aspirations through technology and innovation. **Key Sections and Information:** * **About Us:** Tata Capital Limited (TCL) operates as a non-banking financial company (NBFC-ICC) and is obtaining a license from the Reserve Bank of India (RBI). It offers financial solutions in lending and other financial services. * **Purpose and Pillars:** Tata Capital aims to be a responsible financial partner, driven by trust, collaboration, innovation, speed, customer focus, and delivering delight. * **Corporate Social Responsibility (CSR) Initiatives:** Tata Capital engages in CSR activities focused on climate action, healthcare, and education. Key programs include JalAadhar (watershed management), The Green Switch (solar micro off-grid model), VN (Vanaropan for Neutrality), Aarogyatara (eye care), and Pankh Scholarships. In FY23-24, the Company positively impacted 6.66 lakh beneficiaries from underserved communities. * **Product Portfolio:** Tata Capital provides a range of financial products and services to retail, corporate, and institutional customers, including personal loans, home loans, business loans, consumer loans, cleantech finance, institutional distribution, private equity, loan against property, wealth products distribution, commercial and SME finance, leasing solutions, and Tata Cards. * **Digital Initiatives:** Tata Capital has launched a new website and mobile application, introduced a new loan origination system for SMEs, enhanced customer service with multilingual capabilities and self-service kiosks, upgraded its omnichannel marketing strategy, forged innovative partnerships through APIs, and streamlined operational efficiency through RPA and intelligent workflow systems. The company is also harnessing AI for customer service, underwriting, and marketing content creation. Over 85% of retail loan applications were assessed using machine learning-based scorecards. * **New Products Introduced:** Tata Capital has introduced Education Loans for students pursuing higher education in various countries, offering collateral-free and secured loans. * **Brand Initiatives:** Tata Capital onboarded cricketer Shubman Gill as a brand ambassador. Brand campaigns like “Khoobsurat Chinta” were launched, and media presence was enhanced during the cricket world cup and Tata Women's Premier League (WPL). WPL also saw a 20% increase in viewership. * **Corporate Information:** Lists the Board of Directors and key personnel for Tata Capital Limited, Tata Capital Housing Finance Limited, and Tata Securities Limited. * **Snapshot of Numbers:** Book size is ₹1,57,761 crore, with the Retail + SME Book comprising 85%+. Profit After Tax is ₹3,150 crore. There are 723 branches, with 92% located in non-metros. The customer base is 4.5 million+, with 83% from non-metros. * **Awards:** Includes a list of awards received by Tata Capital. * **Message from the Chairman:** Highlights consolidated results during FY23-24, including crossing ₹1 lakh crore in yearly disbursals, loan book growth of 35% YoY, and highest ever profits after tax of ₹3,150 crore. Also mentions financing 17GW+ of renewable capacity and helping to avert 27Mn ton+ carbon emissions. Mentions Tata Capital’s emphasis on the 3S strategy of simplification, synergy and scale. * **Message from the Managing Director & CEO:** Mentions crossing ₹1 lakh crore in annual disbursals and ₹1.5 lakh crore loan book. Disbursals grew by 40% YoY to ₹1,05,244 crore. Expansion into education loans and focus on deeper markets. Branch expansion averaged over 5 branches per week, reaching 723 total, with 92% in non-metros. GNPA at 1.5% and NNPA at 0.4%. 97% of customers are onboarded through digital platforms. Mentions partnership with Women’s Premier League and onboarding Shubman Gill as brand ambassador. * **Board's Report:** Approves a Scheme of Arrangement for the merger of Tata Capital Financial Services Limited (“TCFSL”) and Tata Cleantech Capital Limited (“TCCL”) with Tata Capital Limited (“TCL”). Mentions an increase in the Authorised Share Capital, allotment of Equity Shares to International Finance Corporation, and redemption of Cumulative Redeemable Preference Shares (“CRPS”). Recommends a final dividend of Re. 0.21 per Equity Share of Rs. 10 each for FY 2023-24. Discusses operations across Retail, SME, and Corporate customer segments. Announces TCL’s closing portfolio has grown by 35% to ₹1,57,761 crore, and funds aggregating Rs. 1,05,244 crore were disbursed. Describes the structure of business operations at Tata Capital and its subsidiaries. * **Financial Results:** Presents the consolidated and standalone financial results for FY2023-24 and FY2022-23. The consolidated book size increased to Rs. 1,57,760.55 crore as at March 31, 2024. The company had borrowings aggregating Rs. 1,48,185.29 crore as at March 31, 2024. * **Share Capital:** Details the increase in authorized share capital and issuance of equity shares on "Right Basis" to existing shareholders. * **Dividend:** Declares Interim Dividend on the CRPS. Recommends a final dividend of Re. 0.21 per Equity Share of Rs. 10 each for FY 2023-24. * **Compliance:** Discusses compliance with RBI regulations, including Scale Based Regulation (SBR), and the maintenance of Capital to Risk Assets Ratio (CRAR). * **Digital Platforms & Analytics:** Details ongoing efforts to invest in technology to differentiate itself in the industry. * **Tata Capital Journey of Excellence:** Describes the use of the Tata Business Excellence Model (“TBEM") for continuous process improvement. * **The Tata Capital Brand:** Details efforts to increase brand awareness and consideration. * **Corporate Social Responsibility:** Outlines Tata Capital’s CSR purpose and mission, focusing on Climate Action, Healthcare and Education. Details key CSR programs. * **Risk Management:** Details the risk management framework across all business activities. * **Directors' Responsibility Statement:** Confirms the adequacy and effectiveness of internal financial controls. * **Independent Auditor's Report:** Report of auditor with unmodified opinion. * **Key Managerial Personnel:** Lists key managerial personnel (KMP).

TATA Capital Unlisted Shares

Tata Capital Annual Report 2022-23 Summary: Tata Capital Limited ("TCL"), a subsidiary of Tata Sons Private Limited, is registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit Accepting Core Investment Company. Tata Capital and its subsidiaries are involved in lending and offering financial services products to retail, corporate, and institutional customers. **Our Purpose and Pillars:** A responsible financial partner fulfilling India's aspirations. * Lead with Trust * Better Together * Future Ready * Faster Forward * Capital & More * Delivering Delight **Corporate Social Responsibility (CSR) Initiatives:** Tata Capital's CSR approach is oriented towards stakeholder-participation, with a focus on Education, Skill Development & Entrepreneurship, Climate Action, and Health. Key initiatives include: * The Cluster Development program for supplementary education to underprivileged students. * The Tata Capital Pankh Scholarship program for meritorious underprivileged youth. * ProAspire, a skilling initiative for underprivileged youth in the BFSI sector. * Dhan Gyan, a free e-learning course on financial literacy. * Health care initiatives Aarogyatara and Cancer CELL. * The JalAadhar project for watershed management. * The Green Switch Project for renewable electricity in rural homes. * Project Ecosphere focusing on clean drinking water. * Welfare activities for women. The number of beneficiaries for the year: 2,74,449 **Product Portfolio:** Tata Capital offers Personal Loans, Home Loans, Business Loans, Other Consumer Loans, Cleantech Finance, Institutional Distribution, Private Equity, Loan Against Property, Wealth Products Distribution, Commercial and SME Finance, Leasing Solutions, and Tata Cards. **Digital Initiatives:** Tata Capital continues to invest in digital transformation, creating best-in-class platforms and products, enhanced its digital presence, launched omni-channel marketing automation platforms, and increased the share of direct and digital business. Over 75% of customer service interactions take place through digital platforms. Digital kiosks are launched at Tata Capital branches to seamless services. The company has launched digital-only products and services across customer segments like Moneyfy. Almost all customer processes starting from on-boarding to underwriting to disbursements are done in a paperless manner for retail loans. Similarly, for SME and corporate customers, a new loan origination system was launched which will simplify the customer journey further and enable quicker processing and sanction of loans. The company is also leveraging data analytics to understand customer behavior and provide personalized offers. Robotic Process Automation (RPA) has been implemented for almost all centralized processes which improves overall operational efficiency. Tata Capital is integrated with more than 100 plus FinTech partners across multiple domains to enhance service and ensure seamless digital processes. **New Products Introduced:** Micro business loans were launched in April 2022 to Traders, Service providers and Manufacturers and the entire onboarding journey is fully digitized. **Brand Initiatives:** Tata Capital has been nurturing its brand promise 'Count on Us'. The main Brand Campaign 'Palak Jhapkao Loan Pao' had a series of short films themed around digital, seamless and quick loans. Tata Capital was the official partner for the inaugural edition of the Tata Women's Premier League 2023. **Snapshot of Numbers:** * Book Size: ₹1,20,940 cr * Total Comprehensive Income: ₹2,975 cr * Retail + SME Book: 80% * Amongst Top 3 diversified NBFCs in India * Locations: 439 * 90% locations in non-metros * Customers: 3.1 million+ * 80% from non-metros **Awards:** * Great Place to Work certified - 2023 * Best Practice - The Green Switch by Tata Business Excellence Group * Winner in the Environment category – 5th CSR Journal Excellence Awards 2022 * TISS LeapVault CLO Award "Best Leadership Development Programme – 2022" * Best L&D Team of the Year by Transformance * ET BFSI Excellence Award - Excellence in Innovation for Best Customer Orientation won by Microfinance team * JSW The Times of India 10th Earth Care Awards - Enterprises in the renewable energy space * Green Urja Award - Top Financing Institutions for RE & EE, 2022 * Top Financing Institutions for EV Transit, 2022 * Digital Customer Experience Confex and Awards 2023 * Best Contact Centre of the Year (Customer Service) * Best CX Strategy of the Year (Customer Service) * Best Customer Retention Strategy (Loan Against Property) * Best use of Data Analysis in CX (Loan Against Property) * Best use of Omni Channel in CX (Loan Against Security – HNI & Retail) * Digital CX Strategy of the Year (Tata Digital – Qik PL) * Tata Capital has been recognised as one of the Best BFSI Brands 2023 by The Economic Times * Tata Capital has been recognised as Most Preferred Brands 2022 by Marksmen * Runner-up: Large NBFC and Category of Lending at ASSOCHAM's 17th Annual Summit & Awards on Banking & Financial Sector Lending Companies * Excellence in Real Estate Finance at the NAREDCO TIMES REAL ESTATE CONCLAVE & ICONS 2023 * Risk Management Team of the Year at CRO Leadership Summit & Awards * Best in Class Wealthtech Solution Award at Global Fintech Awards 2022 * Audit Excellence - Award at Annual Banking & Finance Audit Conclave, 2023 **Chairman's Message:** The company crossed ₹1 Lakh Crore book size mark and achieved several "highest-evers" during FY23. The Loan book grew by 28% Y-o-Y to ₹1,20,940 Crore with Retail + SME constituting 80% of the total loan book. The company achieved the highest-ever disbursals in FY23; up by 42% Y-o-Y; crossed ₹20,000 Crore quarterly disbursals mark for the 1st time. The highest-ever profit after tax was ₹2,975 Crore; up by 80% Y-o-Y. RoE is 23.0%. Digital transformation continues to be an area of continuous focus for Tata Capital. The Company has tripled its branch footprint over the past two years with an objective to reach deeper markets. The Company has also taken steps towards simplifying its corporate structure with a roadmap set for merging its two operating subsidiaries. **Managing Director & CEO's Message:** The company crossed the coveted mark of ₹1 Lakh Crore Loan Book in the first half of the year and continued to scale thereon, finally ending the year with a Loan Book in excess of ₹1.2 Lakh Crore (up by 28% YoY). During the year, the Company took significant steps towards consolidating leadership position across products among non-banks and was among the best performing NBFCs in the country. Disbursals grew by 42% YoY to ₹75,099 Crore. Share of Retail & MSME stood at 80%+ of the loan book. Margins improved by 20 bps YoY. Credit cost stood at 0.5%. Gross NPA & net NPA stood at 1.7% & 0.4% respectively. Achieved highest-ever PAT of ₹2,975 Crore. RoE was 23.0%. **Corporate Structure Simplification:** Tata Capital Financial Services Limited ('TCFSL') and Tata Cleantech Capital Limited ('TCCL') will merge with the holding Company i.e., Tata Capital Limited to create a unified entity with a wider and stronger capital and asset base. We have filed for necessary approvals and expect the merger to go through in FY24. **Key Financial Information (Consolidated):** * Gross Income: ₹13,637.00 cr (FY22: ₹10,311.41 cr) * Net Interest Margin and Other Revenue: ₹7,036.22 cr (FY22: ₹5,422.38 cr) * Profit Before Tax: ₹3,789.86 cr (FY22: ₹2,238.08 cr) * Profit After Tax: ₹2,799.07 cr (FY22: ₹1,691.17 cr) **Key Financial Information (Standalone):** * Gross Income: ₹1,353.14 cr (FY22: ₹511.89 cr) * Profit After Tax: ₹720.50 cr (FY22: ₹83.10 cr) The report also contains details on the Board of Directors, their evaluation, risk management, CSR activities, compliance with regulations, share capital, and other financial disclosures. It highlights the company's commitment to responsible financial practices, digital innovation, and social responsibility.

TATA Capital Unlisted Shares

Being agile. Tata Capital Limited ("TCL"), a subsidiary of Tata Sons Private Limited, is registered with the Reserve Bank of India as a Systemically Important Non-Deposit Accepting Core Investment Company. Tata Capital caters to retail, corporate, and institutional customers with financial services. **Our Purpose and Pillars:** A responsible financial partner fulfilling India’s aspirations through Lead with Trust, Better Together, Future Ready, Faster Forward, Capital & More, and Delivering Delight. **Corporate Social Responsibility (CSR) Initiatives:** Tata Capital’s CSR is oriented towards stakeholder participation methodology, where the well-being of the target groups, like the community and the environment, are integral to the long-term success of the company. Some initiatives include: * The Cluster Development program, providing supplementary education to underprivileged students in Maharashtra. * The Tata Capital Pankh Scholarship program, supporting meritorious underprivileged youth with scholarships and mentoring. * ProAspire, a skilling initiative for underprivileged youth in the BFSI sector. * Dhan Gyan, a free e-learning course on financial literacy. * Health care initiatives like Aarogyatara and Cancer CELL, aiming to provide access to quality preventive healthcare. * The JalAadhar project, an integrated watershed management program. * The Green Switch project, aiming to provide clean and renewable electricity to unlit homes in rural India. * Project Ecosphere, ensuring the availability of clean drinking water and water for irrigation with the use of solar pumping systems in Maharashtra. * COVID Relief project, aimed at setting up Oxygen plants in Maharashtra and UP, providing COVID relief materials in Karnataka, and vaccination in Maharashtra. * Welfare activities for women, including refurbishment of restrooms and washrooms for women at Nagpada and Byculla Police Stations, Mumbai, and online social, educational and entrepreneurial empowerment programs for Army Veer Naris. **Product Portfolio:** As a one-stop financial services provider, Tata Capital caters to retail, corporate, and institutional customers with a comprehensive suite of products and service offerings: * Personal Loans, Home Loans, Business Loans, Other Consumer Loans, Cleantech Finance, and Institutional Distribution. * Private Equity, Loan Against Property, Wealth Products Distribution, Commercial and SME Finance, Leasing Solutions, and Tata Cards. **Digital Initiatives:** In FY 21-22, Tata Capital accelerated its digital transformation to achieve business growth, drive customer centricity, and attain operational excellence by building new digital platforms and improving direct-to-customer journeys. * Sugam loans were launched for Tier 2 retailers and distributors. * Customer service platforms were also strengthened, with features introduced for leasing customers and new service requests added, such as WhatsApp based servicing for commercial loan customers. * Real-time sanctions are available for Personal, Business, and Home Loan products. * 'Loan against Shares and Mutual Funds' enable seamless on-boarding and servicing journeys for customers. * Products such as EMI Cards and Personal Loans were launched on the 'Tata Neu' platform. * New channels of payment, including UPI based payments and BPPS, were launched, and collection from digital channels saw an increase over the year. * Robotics process automation for back-office processes continued, enhancing productivity and reducing costs. * Data analytics was enhanced across the lending value chain, increasing the use of scorecards for underwriting and using data science for risk and portfolio monitoring. * Tata Capital will continue to make investments in new technologies to seek opportunities for growth, build new capabilities, and build products and services through digital. **New Products Introduced:** * **Digital Loan Against Shares:** Enables customers to avail loans upto Rs 5 crores by simply pledging their dematerialised shares online. * **Digital Loan Against Mutual Funds:** Provided against equity and debt schemes across Mutual Funds, with loan amount customized based on value of units. * **Flexi Plus Loans:** Exclusive range of new offerings that can be availed across product categories, including personal loans, business loans, loan against property, two wheeler loans, used car loans, and home loans, with features including longer tenure, overdraft facility, and step up plan. **Snapshot of Numbers:** * Book Size: 94,349 cr * Total Comprehensive Income: 1,648 cr * Locations: 267, 86% in non-metros * Customers: 2.5 million+, 79% from non-metros **Awards:** The company won several awards across different categories, including Human Excellence Awards, TISS and Leapvault CLO Awards, Assocham CSR & Sustainability Summit Awards, Drivers of Digital Awards, CII(WR) SHE Excellence and Innovation Award, Marketing Campaign of the Year, and Excellence in Water Conservation. **Message from the Chairman (Saurabh Agrawal):** The last year was a sound reminder of how the human spirit has the ability to overcome all odds, and the pandemic's impact on the economy was limited by proactive government and regulator measures. Financial services reinforced its vital place, and NBFCs displayed resilience. He notes that the financial sector has come out of years of balance sheet repair and is well capitalized, and that Tata Capital has corrected its cost structure and restructured the business. He comments on the focus on growth, credit quality, and digital capabilities, and the empowerment of people. Consolidated balance sheet expanded to Rs 94,349 crore, with a Y-o-Y growth of 22%, and Company recorded its highest ever profits of Rs 1,648 crore, with a Y-o-Y growth of 46%, resulting in a ROE of 15%+. Despite some geo-political and inflationary uncertainty, he feels confident in India's potential to grow and emerge as the fastest-growing major economy in Asia, and expects Tata Capital to continue to play a pivotal role in bringing together pools of capital and providing credit to a diverse set of customers, expanding its footprint to 450+ locations. **Message from the Managing Director and CEO (Rajiv Sabharwal):** The company navigated the debilitating impact of the pandemic and consolidated its position amongst the Top 3 diversified NBFCs in India. The year 2021 will be remembered as the year in which the human spirit rose above the adversity caused by the pandemic and embraced the 'new normal'. Registered a strong recovery in disbursements during the year - higher by 109% as compared to last year; recorded highest ever quarterly disbursals in the retail segment during Q4 FY 21-22. Loan book also grew by 22% over the year, which is considerably higher than the industry growth. Margins improved by ~60 bps over the year in FY 21-22. As of March 2022, the gross NPA and net NPA stood at 1.9% and 0.6% respectively. Tata Capital has adopted the RBI circular dated 12th Nov, 2021 pertaining to reclassification of NPA accounts on a prudent basis, instead of opting for deferment. **Transformation Journey:** * Digital Transformation: Close to 60% of personal loans are now disbursed through an end-to-end paperless process, with collections almost entirely digital. * Diversification of book: A diversified book is key to our growth strategy which helps us spread our risks well. As a result of the same, we have steered away from product concentration and no single product accounts for more than 20% of our loan book. Moreover, we have been laying emphasis on growing our retail mix which has increased to 63% of our overall loan book as of March’22. Our loan book continues to be more than 80% secured * Collaboration with FinTechs: We believe in the power of ecosystems and partnerships at Tata Capital in order to serve the customer better. We’re working with 70+ FinTechs offering customized solutions across the customer life cycle, aligned with emerging customer needs. * Expansion of Branch network: added 119 new branches during FY 21-22 taking the total count to 267. Aim to widen network to 450+ branches over this year in order to tap the immense opportunity presented by Tier II, III and IV towns **Evolving regulatory landscape:** The regulations between the Banks and NBFCs are being gradually harmonized, and scale based regulations have been introduced. These changes are welcomed. **Future outlook:** Remains cautious of economic headwinds. Tata Capital will be guided by the Tata Group's principle of Simplicity, Scale, and Synergy as One-Tata Philosophy. Rajiv Sabharwal expresses gratitude towards colleagues and the Board and thanks customers and shareholders. **Board’s Report:** Tata Capital Limited is registered with the RBI as a Systemically Important Non-Deposit Accepting Core Investment Company. The Board reports on the financial results for the year ended March 31, 2022, including consolidated and standalone figures. * The consolidated book size increased to 94,349 crore. * Tata Capital recorded consolidated Total Income of ₹ 10,253 crore. * Impairment on Investments and Financial Instruments decreased to ₹ 1,083 crore. * The consolidated Gross Non-Performing Assets ("GNPA") showed decrease from 2.5% to 1.9%. * Tata Capital's Profit After Tax attributable to owners of the Company on a consolidated basis increased by about 46%, to ₹ 1,648 crore. * The consolidated Return on Assets (“RoA") for FY 2021-22 was 2.0% while the Return on Equity (“RoE”) was 15.6%. * Standalone TCL recorded Gross Income of Rs 511.89 crore and Profit after Tax of 83.10 crore. * The paid-up Equity Share Capital of the Company was₹ 35,16,16,77,440. Cumulative Redeemable Preference Shares were redeemed during FY2021-22. * The Board declared Interim Dividend on the CRPS for the following tranches for the period April 1, 2021 to March 31, 2022, on March 25, 2022. * The Directors recommend a final dividend of Re. 0.16 per Equity Share. * TCL is primarily a holding company, holding investments in its subsidiaries and other group companies. * The Company has set up six Private Equity Funds in India with aggregate Assets Under Management of ₹ 3,359 crore. * TCSSF focuses on investing in turnaround opportunities, which have had an TVPI (Total Value, including Distributions, to Paid in Capital) of 1.18x. * The Overseas Funds raised by the Overseas Funds as at March 31, 2022 were US$ 888 million. * Tata Capital has a co-investment arrangement with TOF, whereby the Company has a commitment to co-invest the Indian Rupee equivalent of an amount of up to US $ 50 million alongside TOF * TCFSL's portfolio increased by ₹ 11,068 crore. The Profit After Tax for the year increased by about 21% to₹ 817 crore. * TCHFL's loan portfolio stood at₹ 30,150 crore. Profit After Tax for the year increased by 60% to₹ 569 crore. * TCCL's portfolio increased by ₹ 1,551 crore. The Profit After Tax increased by about 22% to ₹ 204 crore. * During the year under review, Tata Securities reported a Gross Income of 5.78 crore and Loss after Tax of ₹ 11.72 crore. * During the year under review, TCPL recorded a consolidated Gross Income of US$ 16 million. Profit After Tax was at US$ 9 million. * As at March 31, 2022, the Company had total investments of ₹ 1,066 crore in associate companies. * As at March 31, 2022, the Company had other investments of ₹ 6,780 crore. * During FY 2021-22, the Company met its funding requirements through issue of Commercial Papers and Unsecured Non-Convertible Debentures (“NCD"). * The Board approved the appointment of Ms. Malvika Sinha as an Independent Director and the re-appointment of Ms. Varsha Purandare as an Independent Director. * The Board has carried out an annual evaluation of its own performance and of the individual Directors as well as an evaluation of the working of all the Committees of the Board. * The NRC develops the competency requirements of the Board, conducts a gap analysis, and recommends the reconstitution of the Board. * The Policy on Board Diversity and Director Attributes has been framed to encourage diversity of thought, experience, knowledge, perspective, age and gender in the Board * The Board is of the opinion that the Independent Directors of the Company possess requisite qualifications, experience and expertise and that they hold the highest standards of integrity. * The Directors confirm that the Company has complied with all applicable laws, rules, circulars and regulations. * The Company spent₹ 2,611.11 lakh on CSR activities. * The Company did not hold any public deposits at the beginning of the year nor has it accepted any public deposits during the year under review. * The Company is in compliance with Secretarial Standards * Mr. Rajiv Sabharwal, Managing Director & CEO, Mr. Rakesh Bhatia, Chief Financial Officer and Ms. Sarita Kamath, Head – Legal and Compliance & Company Secretary, are the KMPs of the Company. * The Directors are of the opinion that the Company's internal financial controls were adequate and effective during FY 2021-22. * Tata Capital continues to enhance its Digital platform for both the Retail and the Corporate businesses, across customer acquisition as well as customer servicing area. The use of Robotic Process Automation, Artificial Intelligence and Machine Learning has been adopted to drive business growth, improve productivity and enhance customer experience. * Eight meetings of the Board were held during the year * During the year under review, rating agencies reaffirmed/issued ratings to the Company. * The Company has a co-investment arrangement with TOF, whereby the Company has a commitment to co-invest the Indian Rupee equivalent of an amount of up to US $ 50 million alongside TOF, subject to regulatory restrictions. In good faith, no one can claim, with absolute authority, that a comprehensive and exhaustive extraction of relevant points of understanding and importance from a large document is perfectly achieved in just one take. There is always a margin for something missed. If you need greater assurance, or if you encounter questions about topics you need more clarification on, please submit that as a follow-up for a closer look.

TATA Capital Unlisted Shares

Tata Capital Annual Report 2020-2021 Summary: Tata Capital Limited ("TCL"), a subsidiary of Tata Sons Private Limited, is registered with the Reserve Bank of India as a Systemically Important Non-Deposit Accepting Core Investment Company. TCL primarily holds investments in its subsidiaries, which are mainly engaged in lending and offering a wide array of services/products in the financial services sector. The company aims to be a one-stop financial solutions partner, customer-centric, lending and innovation, and offers diverse products like Personal Loans, Home Loans, Business Loans, Loan Against Property, Wealth Products Distribution, Commercial and SME Finance, and Leasing Solutions. The company reinforces its purpose and pillars through "Lead With Trust," "Faster Forward," "Better Together," "Capital & More," "Future Ready," and "Delivering Delight." In FY 2020-21, Tata Capital focused on digital transformation, enhancing customer experience and data-driven decisions. Seamless digital platforms were launched and existing ones enhanced for instant loan disbursal. New platforms for retail and commercial loan customers were launched. Data analytics was augmented for faster and smarter decision-making. New products were introduced, such as NFO Subscriptions to the Moneyfy app, which help customers diversify their portfolios. Version 2.0 of the Digital Platform was launched for MSMEs. Tata Capital's CSR initiatives include cluster development programs, Pankh Scholarship program, ProAspire skilling initiative, Dhan Gyan financial literacy course, Aarogyatara and Cancer Cell healthcare initiatives, JalAadhar watershed management, Green Switch project for rural electricity, Ecosphere project for clean water, and the Covid Rehabilitation project (Mission Gaurav). The company recorded 1,53,271 beneficiaries in the year. Awards and accomplishments include BFSI Digital Stallions for Moneyfy App campaigns, India Content Leadership Award for Best Website/Blog in Finance, ASSOCHAM Award for Digital Lending (TCFSL), ASSOCHAM Award - Runner up for Digital Lending (TCHFL), and ASSOCHAM Award for Digital Services (TCFSL), and ACEF Award for Tata Capital Commercial & SME App. TCL recorded its highest ever PAT of Rs. 1,126 crore in FY 2020-21, 280% higher than the previous year. The company maintained asset quality with a provision coverage ratio of 65.4%, strengthened the balance sheet by reducing debt equity from 7.6 to 6.7 times, and increased total provisions against existing assets to 3.4%. Net income margins increased from 5.3% to 5.5%, and the cost to income ratio reduced from 42.4% to 38.8%. Subsidiaries like Tata Capital Financial Services Limited (TCFSL), Tata Capital Housing Finance Limited (TCHFL), and Tata Cleantech Capital Limited (TCCL) all performed well. TCFSL worked on cost control and product mix, and our wealth management business saw improvements in their AUM. New customers were on-boarded on the Commercial and SME loan business. TCHFL focused on expanding its mortgage products and services. TCCL forayed into emerging sectors and secured over $120m of green lines from global Development Financial Institutions. Priorities for the future involve aligning with the Group's principles, enforcing the One-Tata Philosophy, supporting the community through COVID-19 response programs, and expanding the geographical footprint. Rajiv Sabharwal is the Managing Director & CEO. The board of directors declared an interim dividend on the CRPS for the period April 1, 2020 to March 31, 2021. An important action point from the board's report. The directors did not recommend any final dividend on the CRPS. The company reports on its six Private Equity Funds: Tata Capital Growth Fund I & II, Tata Capital Healthcare Fund I & II, Tata Capital Innovations Fund, and Tata Capital Special Situations Fund. The Overseas Funds include Tata Capital Growth Fund Limited Partnership (“TCGFLP"), Tata Capital Growth Fund II LP (“TCGFIILP"), Tata Capital HBM Healthcare Fund | Limited Partnership (“TCHHFLP”), Tata Capital Healthcare Fund II (Feeder) LP (“TCHFIILP") and Tata Opportunities Fund Limited Partnership (“TOF”), are based in Singapore. Tata Capital's investments in Subsidiaries (net of provisions) stood at Rs. 8,637 crore, as at March 31, 2021 (FY 2019-20: Rs. 8,564 crore), representing 82.15% of its total Assets (FY 2019-20: 83.88%). Tata Capital continues to enhance its capabilities and processes in keeping with market and regulatory changes. Tata Capital participated in its seventh TBEM external assessment conducted by the Tata Business Excellence Group. TBEM Score in 2018 was 582, in 2020 absolute score was 624. This reflects a significant improvement in the journey of Excellence. All subsidiaries and businesses have been recognized as "Emerging Industry Leaders". In 2020, Tata Capital raised its brand positioning by asking customers to "Count on Us". The message of positivity was spread through their social media campaign #WeCountOnYou. In the year 2021, the new Brand Campaign again extended a helping hand to those impacted by the pandemic. In FY 2020-21, Tata Capital spent Rs. 2,152.51 lakh on CSR activities. The CSR budget for TCL standalone was Rs. 106.20 lakh. The Company is registered with the RBI as a CIC and has complied with all applicable laws and regulations. The Company did not hold or accept any public deposits. A credit rating during the year under review showed rating agencies reaffirmed/issued ratings to the company. The Board of Directors has formed a Risk Management Committee to implement and monitor risk management plans. The Audit Committee provides additional oversight of financial risks and controls. Tata Capital has adopted hybrid cloud to ensure on demand scalability to support business growth at optimum cost and data lakes to provide single source of data across all reporting. The financial statements have been prepared in accordance with Ind AS as notified under the Companies (Indian Accounting Standards) Rules, 2015.