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Tata Investment Corp

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Tata Investment Corporation
Company typePublic
IndustryInvestment service
Founded1937; 87 years ago (1937)
FounderTata Sons
HeadquartersMumbai, Maharashtra, India[1]
RevenueIncrease278 crore (US$33 million)(2023)
Increase252 crore (US$30 million)(2023)
Total assetsIncrease 20,990 crore (US$2.5 billion) (2023)
Total equityIncrease 19,676 crore (US$2.4 billion) (2023)
ParentTata Group
Websitetatainvestment.com

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

Background

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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[clarification needed] 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]

References

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  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.