The group's foray into Financial Services commenced in 1919 under the chairmanship of Sir Dorab Tata, with the set up of New India Assurance.
The company was nationalised in 1956, but the Tatas' footprint is broad today, serving the Indian citizen and business with affordable and accessible services across the finance spectrum.
The flagship company in the financial services sector is Tata Capital with a range of services that cater to individual and small business requirements. In the insurance sector, our joint ventures with AIA and AIG serve both Life and Non-Life sectors, and are among the largest players in India. Tata Asset Management Company offers Mutual Funds, Portfolio Management Services, Alternate Investment Funds and Offshore Funds.
Business Highlights FY17-18
- Tata Capital is one of the largest NBFCs in India with a loan portfolio of Rs 61,445 Cr as of March 2018
- As of December 31, 2018, Tata Asset Management had 1,890,938 investor folios with Rs 53,945 crore in assets under management
- In insurance, strong distribution architectures are in place to access a wider customer base and we are looking at accelerated growth over the next five years