Tata Investment Corp

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Tata Investment Corporation
Company type Public
Industry Investment service
Founded1937;87 years ago (1937)
Founder Tata Sons
Headquarters Mumbai, Maharashtra, India [1]
RevenueIncrease2.svg278 crore (US$33 million)(2023)
Increase2.svg252 crore (US$30 million)(2023)
Total assets Increase2.svg20,990 crore (US$2.5 billion) (2023)
Total equity Increase2.svg19,676 crore (US$2.4 billion) (2023)
Parent Tata Group
Website tatainvestment.com

Tata Investment CorporationLimited (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[ 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]

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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.