Tatas to infuse more funds into financial services firms TCFSL and TMFL

Total assets of financial services subsidiary cross Rs 110,000 crore

With the total assets of Tata group finance companies — Tata Capital Financial Services (TCFSL) and Tata Motors Finance (TMFL) — crossing the Rs 110,000 crore mark in 2018-19, the stage is now set for the behemoth to aggressively push its financial services business with additional investments in the current financial year.  

The additional investment comes at a time when the non-banking financial services (NBFC) segment is going through a liquidity crisis. 

Tata Capital is a subsidiary of Tata Sons, while Tata Motors Finance is a subsidiary of Tata Motors.

Tata Sons invested Rs 2,500 crore in Tata Capital as