Profile
Tata Investment Corporation Limited (TICL) was promoted by Tata Sons in 1937. TCIL, initially named The Investment Corporation of India Limited, was set up partly to assist in the promotion of new companies and projects, and partly to act as an investment company.

The company remained a closely held company till 1959, when it became one of the few publicly held investment companies listed on the Mumbai's stock exchange. During the 1960s and 1970s, the company's activities underwent a gradual transformation from assisting in the establishment of new ventures to acting purely as an investment company with a diversified portfolio of investments. Tata Sons together with other Tata companies today hold over 60 per cent of the paid up capital of the company as on March 31, 2005, with the balance being held by the public.

TICL together with Tata Sons is a promoter of the Tata Mutual Fund. TICL is also the principal shareholder of Tata Securities — a company engaged in the distribution of mutual funds and other investment related securities.

TICL had been rated by CRISIL since 1994, and has been assigned their highest rating of 'FAAA', representing highest safety in payment of interest and principal amount. The rating has been reaffirmed from year to year and is vaild to date.

Areas of business
TICL is a non-banking financial company (NBFC) registered with the Reserve Bank of India under the 'Investment Company' category.

The company's activities comprise primarily of investing in long-term investments in equity shares and other securities of companies in a wide range of industries. The major sources of income for the company consist of dividend income and profit on sale of investments.

Over the years, through gradual and judicious portfolio management, Tata Investment has built up a portfolio of investments which had a book value of over Rs 600 crore with a market value of over Rs 2000 crore as on March 31, 2006 spread over 230 companies in various industries. The company's paid-up capital is Rs 34 crore with reserves of Rs 568 crore.

Location
The company is situated in Mumbai.

Contact
Ewart House
Homi Mody Street
Fort, Mumbai 400 001 
India
Phone: +91 (22) 2228 0374 
Fax: +91 (22) 2265 2629
Email: mjkotwal@tata.com