The Company was incorporated as `Primal Investments & Finance Limited' as a public limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated March 8, 1991, issued by the Additional Registrar of Companies, Maharashtra at Bombay and commenced its operations pursuant to a certificate for commencement of business dated April 1, 1991, issued by the Additional Registrar of Companies, Maharashtra at Bombay. Subsequently, the name of the Company was changed to `Tata Capital Limited' for the purposes of brand visibility and a fresh certificate of incorporation consequent to name change dated May 8, 2007 was issued by the RoC. Further, pursuant to the schemes of amalgamation between (i) the Company and the erstwhile wholly owned subsidiaries, namely, TICL and ICML, becoming effective from May 16, 2016, and (ii) the Company, the erstwhile wholly owned subsidiary, namely, TCFSL and the erstwhile subsidiary, namely, TCCL, becoming effective from January 1, 2024, these subsidiaries were merged with the Company. Separately, pursuant to a scheme of arrangement between the Company and the wholly owned subsidiary, namely, TCFSL, becoming effective from March 27, 2012, the Company transferred its NBFC business to TCFSL. Furthermore, pursuant to a scheme of arrangement between the Company and TMFL becoming effective from May 8, 2025, with appointed date being April 1, 2024, the business of TMFL has been transferred to the Company. The RBI has granted a certificate of registration dated August 2, 2024 to the Company for operating as NBFC - investment and credit company to carry on the business of a non-banking financial institution without accepting public deposits.
Major events and milestones of the Company : 2007 - The Company's name was changed from `Primal Investments & Finance Limited' to `Tata Capital Limited'
2008 - Forayed into the home loan business through incorporation of the Material Subsidiary, TCHFL
2009 - Launched the private equity business
2010 - Incorporation of the erstwhile wholly owned subsidiary, TCFSL, to house the NBFC business
2012 - The Company reorganized as a core investment company and transferred its NBFC business to TCFSL
2013 - Launched cleantech finance business under TCCL
2017 - The Company crossed the Rs.50,000 crores mark in terms of its loan book size
2018 - The Company was accredited with credit rating CRISIL AAA/Stable assigned to its non-convertible debentures, upgraded from CRISIL AA+/Stable
2022 - The Company crossed the Rs.100,000 crores mark in terms of its loan book size
2023 -The Company has acquired 97,00,000 equity shares having face value of Re. 1 each of Rallis India Limited (''Rallis''), a listed subsidiary of the Company at Rs. 215.05 per equity share representing 4.99% of the paid-up share capital of Rallis by way of a block deal today
2024 - TCFSL and TCCL merged into the Company and the Company surrendered its core investment company license and procured license as NBFC-ND-SI from RBI - S&P Global Ratings issued 'BBB-' long-term and `A-3' short-term issuer credit ratings to the Company
2025 - TMFL merged into the Company pursuant to the TMFL Scheme of Arrangement - The Company crossed the Rs.200,000 crores mark in terms of its loan book size - S&P Global Ratings upgraded the Company's issuer credit rating to `BBB/Stable/A-2' from `BBB-/Positive/A-3'
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