sector: Financials ·
industry: Investment Trusts ·
As of
12:45pm IST
445.00INR
Tata Investment Corporation Limited (TICL) is a non-banking financial company. The Company is engaged in investing in the long term investments, such as equity shares and equity-related securities. The Company along with Tata Sons Ltd. promotes the Tata Mutual Fund. In February 2008, TICL announced that pursuant to the acquisition of equity shares of the Company by Tata Sons Ltd from Tata Chemicals Ltd, Tata Sons Ltd holds 54.98% of the paid-up capital of the Company. As a result, the Company has become a subsidiary of Tata Sons Ltd.
BRIEF: For the six months ended 30 September 2009, Tata Investment Corporation Limited's revenues increased 4% to RS1.44B. Net income remained flat at RS1.25B. Revenues reflect an increase in income from operations. Net income reflects a decrease in employees cost, a reduction in depreciation, the absence of provision for diminution in value of investments offset by an increase in brand equity subscription and a rise in other expenditure.
Tata Investment Corporation Limited
Ewart House
22 Homi Mody Street
Mumbai 400 001
P: +9122.66658282
F: +9122.22652629