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Tata Capital Housing Finance loan portfolio reaches the landmark Rs 10,000 crore
Tata Capital Housing Finance loan portfolio reaches the landmark Rs. 10,000 crore
The achievement now places TCHFL in the top 6 Housing Finance Companies
Mumbai, September 23rd, 2015 - Tata Capital Housing Finance Limited (TCHFL), the wholly owned subsidiary of Tata Capital Limited, today announced that its total loan portfolio had touched the landmark figure of Rs. 10,000 crore. This has now placed Tata Capital Housing Finance Limited among the top 6 housing finance companies in the country. TCHFL has witnessed a year-on-year growth of over 40%, since its inception in 2010 and has disbursed home loans amounting to Rs. 4,563 crore last fiscal. With ambitious plans for the next 3 years, the company aims to grow even faster over the next five years.
Mr. Govind Sankaranarayanan, Chief Operating Officer - Retail Business & Housing Finance, Tata Capital said, "Tata Capital Housing Finance Limited is an integral element of Tata Capital's wide portfolio of Retail offerings that cover a consumer's housing, transport, small business and investment needs. Having crossed this milestone of Rs. 10,000 crs, we are now poised to enable many more customers to achieve their dream of home ownership, especially those in the affordable and mid segments of the market."
Commenting on the milestone achievement Mr. R. Vaithianathan, Managing Director, Tata Capital Housing Finance, said, "We are very excited to achieve this milestone of Rs. 10,000 crore and to be one of the fastest growing housing finance companies in the country. We would like to thank all our valued customers for their patronage. Recognizing the large potential for housing finance in a fast developing country like India, we will be focusing on growing our reach in the next few years".
Recognizing affordable housing as a high growth area, the company will be giving special focus to this segment. Meanwhile, the company is also developing innovative products like home loans which cater to the 'urban low-income' customers in unorganized sectors.
About Tata Capital Housing Finance Limited
Tata Capital Housing Finance Limited (TCHFL) is a wholly owned subsidiary of Tata Capital Limited Its wide product range includes loans for purchase and construction of a residential unit, purchase of land, home improvement loans, home extension loans, project finance loans to developers etc.
About Tata Capital Limited
Tata Capital Limited, a holistic financial services provider caters to the diverse needs of retail, corporate and institutional customers, directly or indirectly through its subsidiaries. Its range of offerings includes Consumer Finance, Advisory Services, Commercial Finance, Infrastructure Finance, Securities, Investment Banking, Private Equity Advisory, Credit Cards and Travel & Forex Services. For more information about Tata Capital, please visit www.tatacapital.com.
For further information, please contact:
Stuart Pereira - Asst. Vice President - Corporate Communication | Contact: +91 9029080385 | Email: Stuart.Pereira@tatacapital.com