Tata Investment Corp Explained

Tata Investment Corporation
Type:Public
Founder:Tata Sons
Industry:Investment service
Location:Mumbai, Maharashtra, India[1]
Revenue:(2023)
Net Income:(2023)
Assets: (2023)
Equity: (2023)
Parent:Tata Group

Tata Investment Corporation Limited (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 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]

Notes and References

  1. Web site: Contact Information . tatainvestment.com .
  2. Web site: TICL:Natl India Stock Quote - Tata Investment Corp Ltd. 2020-10-12. Bloomberg.com. en.
  3. Choksi. J. D.. 1968. The Investment Corporation of India Limited. Economic and Political Weekly. 3. 44. 1702–1705. 4359269. 0012-9976.
  4. Web site: Company Profile – Tata Investment Corporation Limited. en-US. 2020-01-28.
  5. Web site: Stock Share Price Get Quote BSE. www.bseindia.com. 2020-01-28.