Tata Investment Corp

Tata Investment Corporation Limited (TICL) is a non-banking financial company involved in investing in long-term investments.

Tata Investment Corporation
Public
Traded asNSE: TATAINVEST
IndustryInvestment service
Founded1937 (1937)
FounderTata Sons
HeadquartersMumbai, Maharashtra, India[1]
Revenue310 crores (2018)
245 crores (2018)
ParentTata Group
Websitetatainvestment.com

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[2]. TICL invested 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[3].

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[4].

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References
  1. "Contact Information". tatainvestment.com.
  2. Choksi, J. D. (1968). "The Investment Corporation of India Limited". Economic and Political Weekly. 3 (44): 1702–1705. ISSN 0012-9976. JSTOR 4359269.
  3. "Company Profile – Tata Investment Corporation Limited". Retrieved 28 January 2020.
  4. "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 28 January 2020.

2018 Economic Times article


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