Tata SME Rural (IFC-36347)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 13, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
TATA CAPITAL FINANCIAL SERVICES LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 41.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2016-05-13 exchange rate.
Project Cost (USD)
$ 41.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported
Converted using 2016-05-13 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 31, 2018

Disclosed by Bank Nov 3, 2015


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Can you contribute information about this project?
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Project Description

This project provides funds to Tata Capital Financial Services. The funds will go towards financing for tractors and other agricultural equipment for farmers in rural India.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Tata Capital Financial Services Limited (“Company” or “TCFSL”) is a wholly owned subsidiary of Tata Capital Limited (“TCL”) and is a Systemically Important Non Deposit Accepting Non Banking Financial Company (“NBFC”), holding a Certificate of Registration from the Reserve Bank of India (“RBI”), dated November 4, 2011. The Company has critical scale and is amongst the top 10 private sector NBFCs offering fund and fee-based financial services to its customers, under the Tata Capital brand. A trusted and customer- centric, one-stop financial services provider, TCFSL caters to the diverse needs of retail, corporate and institutional customers, across various areas of business namely the Commercial Finance, Infrastructure Finance, Wealth Management, Consumer Loans and distribution and marketing of Tata Cards.

Contact Information

Project Inquiries:
Mr.Puneet Sharma,Chief Financial Officer
Tata Capital Limited
1st Floor | A Wing | One Forbes | Dr. V. B. Gandhi Marg | Fort | Mumbai 400 001 | India
Board Line 91 22 6745 9000 | Direct Line 91 22 6745 9007 | Mob 91 998761597

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/