Tata Investment Corporation Limited is a publicly owned investment manager. The firm operates as an investment company in India. Its activities primarily include investing in long-term investments in equity shares, equity-related securities and other securities of companies in a range of industries. The company also distributes mutual funds and other investment related securities. Tata Investment Corporation was founded in 1937. Tata Investment Corporation Limited was formerly known as The Investment Corporation of India Limited. Tata Investment Corporation Limited is based in Mumbai, India.
Tata Investment Corporation Limited (TICL), incorporated in 1937, is non-banking financial company. Formerly known as Investment Corporation of India, the company was established with an objective of providing assistance in promotion of new companies and new entrepreneurs.
Tata Investment Corporation Limited is promoted by Tata Sons. The company got listed on Bombay Stock Exchange (BSE) in the year 1958.
Tata Investment Corporation Limited (TCIL) is involved in business of investing in shares, debentures, and other securities in India and aboard for long-term purposes. Headquartered at Mumbai, it acts as a catalyst in advancing long-term investment in India.
Tata Investment Corporation Limited (TCIL) is involved in business of investing in shares, debentures, and other securities in India and aboard for long-term purposes. Headquartered at Mumbai, it acts as a catalyst in advancing long-term investment in India.
In the period between 1960-70 the company gradually progressed from assisting in the establishment of new ventures to acting as an investment company with a diversified portfolio of equity investments.
Tata Investment Corporation is member of OTC Exchange of India (OTCEI). Being member of this exchange, the company can act as a trader, market maker, underwriter and sponsor. It acted as a sponsor for eight companies and invested an aggregate Rs 16.70 crore in the form of equity capital in these companies.
Tata Investment Corporation Limited has made investments in registered and unregistered entities such as Tata Auto Components (TACO) and Tata Sons. In April 1997, Tata Investment’s subsidiary Investa was amalgamated with the company. Much later in April 1998 due to decline of the OTC market, the company ceased its activities as a market maker. The company is still a member of the exchange.
On April 1, 1999 an unlisted company Varuna Investments was also amalgamated with the company. TICL has collaborated with Tata Sons to promote Tata Mutual Fund.
In 2004-05 Tata Investment Corporation Limited acquired a 49.9% stake held by Waterhouse Group in Tata TD Waterhouse Securities. Later the name was changed to Tata Securities. The remaining 50.1% is already held by two other Tata companies.
Tata Investment Corporation Limited has received ‘FAAA’ rating from CRISIL reflecting maximum security in payment of interests and principal amounts.
Tata Investment Corporation
Tata Group (Parent Company)
Tata Group founded by Jamsetji Tata in the 1868, today revenue-wise it is $62.5 billion enterprise. The group owns major companies such as Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Tea, Indian Hotels and Tata Communications. The group’s 27 publicly listed enterprises have a combined market capitalisation of around $60 billion and a shareholder base of 3.2 million.
Future Strategy
Tata Investment Corporation has recently increased its stake in Tata Elxsi to 2.04% holding 6.34 lakh shares. The company will continue investing is various companies in future.
(Only the headline and picture of this report may have been reworked by the ShareMantras staff; the rest of the content is auto-generated from a syndicated feed.)
(Only the headline and picture of this report may have been reworked by the ShareMantras staff; the rest of the content is auto-generated from a syndicated feed.)