Tata Finance Limited is a non-banking financial company and was founded in 1984 as a wholly owned financing subsidiary of Tata industries Limited. Its services are meant for the small entrepreneurs, corporate sector, and individuals.
Tata Finance Limited offers a range of financial as well as non-financial services. The following are some of its products and services:
Housing finance
Fixed deposits
Foreign exchange services
- Merchant banking
- Asset finance
- Credit cards facilities
- Syndication
- Bills discounting
- Corporate advisory services
With over 890 employees working at 75 electronically connected offices, Tata Finance Limited assures its customers of a wide branch network uncompromising on offering quality service. The bank has been offering various automobile loan schemes which include cars, bikes, and other vehicles.
Some of the brands financed by Tata Finance are Indica, Sumo, Safari, Estate, Sierra, Daewoo Cielo, Maruti 800 and 1000, Maruti Zen, Hyundai Santro and Accent, Fiat Uno and Sienna, Honda City, Mitsubishi Lancer, Ford Ikon and Escort, Opel Astra, and more.
On April 1, 2005 Tata Finance merged with Tata Motors Limited, with the aim of strengthening its automobile financing business and offer quality auto industry solutions. Tata Finance has also leveraged its expertise with the Bureau of Hire Purchase and Credits and together finances 17-18% of the vehicle sales of the company. Striving towards meeting global standards, the financing company had earned turnover of Rs. 305 crore in financial year 20003-04.
Tata Finance Limited has made a profound impact in automobile financing sector and is looking forward to accelerate its endeavors towards global benchmarks.
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