For the three months ending March 2025, the IPO-bound Tata Capital recorded a 31 percent year-over-year increase in its consolidated profit after tax (PAT) to Rs.1,000 crore.

In the previous year, the company recorded a profit after tax of Rs.765 crore.

According to a regulatory filing by Tata Capital, total operating revenues increased by almost 50 percent to Rs.7,478 crore during the January–March quarter of FY25 from Rs.4,998 crore during the same time last year.

The financial services company of the Tata Group recorded a PAT of Rs.3,655 crore for the fiscal year 2024–25, up from Rs.3,327 crore in FY24. Revenues also increased to Rs.28,313 crore from Rs.18,175 crore.

Through a private pre-filing process, Tata Capital submitted a draft pape₹ for an IPO to markets regulator Sebi last month.

A new issue of equity shares and an offer for sale (OFS) by specific shareholders will make up the initial public offering (IPO).

 

As an upper-layer non-banking financing company (NBFC) designated by the Reserve Bank of India (RBI), Tata Capital has already obtained board clearance to move forward with the first share sale.

Notably, 92.83 percent of the business is owned by Tata Sons, the parent company of Tata Capital.

This IPO will be the biggest initial share offering in the nation's financial industry if it is successful. In addition, it will be the second time in recent years that the Tata Group has gone public, after the IPO of Tata Technologies in November 2023.

The company is making this move in an attempt to meet the listing requirements set forth by the Reserve Bank of India (RBI).

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Upper-layer NBFCs must list on a stock market within three years of being classified as such, following the RBI's mandate. In September 2022, Tata Capital was classified as an upper-layer NBFC.