Tata Investment Corp

Tata Investment Corporation Limited (TICL) is a non-banking financial company involved in investing in long-term investments.[2]

Tata Investment Corporation
TypePublic
NSE: TATAINVEST
IndustryInvestment service
Founded1937 (1937)
FounderTata Sons
HeadquartersMumbai, Maharashtra, India[1]
Revenue310 crores (2018)
245 crores (2018)
ParentTata Group
Websitetatainvestment.com

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
  1. "Contact Information". tatainvestment.com.
  2. "TICL:Natl India Stock Quote - Tata Investment Corp Ltd". Bloomberg.com. Retrieved 12 October 2020.
  3. Choksi, J. D. (1968). "The Investment Corporation of India Limited". Economic and Political Weekly. 3 (44): 1702–1705. ISSN 0012-9976. JSTOR 4359269.
  4. "Company Profile – Tata Investment Corporation Limited". Retrieved 28 January 2020.
  5. "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 28 January 2020.
  6. "Annual Report, 2020" (PDF).
  7. "Board of Directors – Tata Investment Corporation Limited". Retrieved 12 October 2020.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.