Subscribe for Tata Capital Ltd IPO; LKP Research

LKP Research, has come out with its report on Tata Capital Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on October 01, 2025.

Broker Research

October 03, 2025 / 10:22 IST

IPO

LKP Research, Tata Capital Ltd

Incorporated in 1991, Tata Capital is the flagship financial services company of the Tata group and a subsidiary of Tata Sons Private Limited. Tata Capital is categorised as an Upper Layer NBFC by the RBI. The company caters to a diverse customer base comprising salaried and self-employed individuals, entrepreneurs, small businesses, small and medium enterprises and corporates, through its comprehensive suite of 25+ lending products. Additionally, the company distributes third-party products, viz., insurance and credit cards, offers wealth management, and acts as sponsor and investment manager to PE funds. The company has served 7.3 million customers, from the commencement of its lending operations in 2007 till June 30, 2025. Tata Capital is 3rd largest diversified NBFC in India, with Total Gross Loans of ₹ 2,334 billion as of June 30, 2025.

Valuation and Outlook

Tata Capital is recognised as one of India’s leading NBFCs. According to CRISIL, it ranks 3rd in size with a Gross Loan Book of ₹2.33 trillion. Loan growth has been robust at 37.3% CAGR over FY23–FY25, with consistently strong asset quality (GNPA 2.1%, NNPA 1.0%, PCR 53.9%).

For all IPO report, click here