| Traded as | NSE: TATAINVEST |
|---|---|
| Industry | Investment service |
| Founded | 1937 |
| Founder(s) | Tata Sons |
| Headquarters | Mumbai, Maharashtra, India[1] |
| Revenue | 310 crores (2018) |
| 245 crores (2018) | |
| Parent | Tata Group |
| Website | tatainvestment |
Tata Investment Corporation Limited (TICL) is a non-banking financial company involved in investing in long-term investments.[2]
Background
Earlier named the Investment Corporation of India, the company is primarily involved in investing in long-term investments such as equity shares, debt instruments, listed and unlisted, and equity-related securities of companies in a wide range of industries. The sources of income of the Company consist of dividend, interest and profit on sale of investments.[3] TICL invests in sectors such as banks, cement, chemicals and fertilizers, electricity and transmission, electrical and electronics, engineering, construction and infrastructure, fast-moving consumer goods, finance and investments, healthcare, hotels, information technology, metals and mining, motor vehicles and ancillaries, oil and natural resources, retail, textiles, transportation and logistics, and miscellaneous and diversified.[4]
TICL was promoted by Tata Sons in 1937 and went public in 1959 when it became one of the few publicly held investment companies listed on the Mumbai Stock Exchange.[5]
Other information
Tata Investment is completely debt-free, with 68.51% of the company being owned by Tata Sons.[6] The Chairman of the NBFC is Noel Tata[7] and Amit Dalal serves as the executive director.
References
- ↑ "Contact Information". tatainvestment.com.
- ↑ "TICL:Natl India Stock Quote - Tata Investment Corp Ltd". Bloomberg.com. Retrieved 12 October 2020.
- ↑ Choksi, J. D. (1968). "The Investment Corporation of India Limited". Economic and Political Weekly. 3 (44): 1702–1705. ISSN 0012-9976. JSTOR 4359269.
- ↑ "Company Profile – Tata Investment Corporation Limited". Retrieved 28 January 2020.
- ↑ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 28 January 2020.
- ↑ "Annual Report, 2020" (PDF).
- ↑ "Board of Directors – Tata Investment Corporation Limited". Retrieved 12 October 2020.
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