Tata Sons sets up new finance firm
The Economic Times — June 20, 2007

Tata Sons, the holding company of the Tata Group, said on Tuesday it has formed a wholly-owned subsidiary to enter new segments in financial services.

Tata Capital will offer capital market services, merchant banking, housing finance, private equity, vehicle and retail finance, and other services, it said in a statement.

Other Tata companies engaged in financial services, including Tata AIG Insurance, Tata Asset Management Co and Tata Investment Corp — companies in which Tata Sons has a substantial holding — would remain separate entities, it said.