Tata Investment Corporation Limited (TICL) is a non-banking financial company involved in investing in long-term investments.[2]
Company type | Public |
---|---|
Industry | Investment service |
Founded | 1937 |
Founder | Tata Sons |
Headquarters | Mumbai, Maharashtra, India[1] |
Revenue | ₹278 crore (US$35 million)(2023) |
₹252 crore (US$32 million)(2023) | |
Total assets | ₹20,990 crore (US$2.6 billion) (2023) |
Total equity | ₹19,676 crore (US$2.5 billion) (2023) |
Parent | Tata Group |
Website | tatainvestment |
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]