Tata Investment Corporation Ltd. (India)

Tata Investment Corporation Limited, located in Mumbai, was incorporated in 1937 under the name The Investment Corporation of India Limited. It became a publicly held investment company listed on the Stock Exchange, Mumbai in 1959. Initially, the company focused on assisting in the establishment of new ventures and promoting long-term investments in the country. Over time, it transformed into an investment company with a diversified portfolio. Tata Investment Corporation Limited played a significant role in promoting projects with new Indian entrepreneurs and foreign collaborators, resulting in the formation of well-known companies such as SKF Bearings (India) Ltd., Ceat Ltd., and National Rayon Corporation. The company also had a subsidiary called Investor Machine Tools Ltd., which was later taken over by Tata Motors Ltd. In addition to its own investment activities, Tata Investment Corporation Limited expanded through mergers with Investa Ltd. and Varuna Investments Ltd. The company has a strong dividend record and has been rated 'AAA' by CRISIL since 1994, indicating the highest safety in payment of interest and principal amount. Tata Investment Corporation Limited is currently a subsidiary of Tata Sons Pvt Ltd. and is managed by a qualified Board of Directors. It acquired a majority stake in Simto Investment Co. Ltd. in 2012, making it a subsidiary. The company, along with Tata Sons, was among the first to receive approval to incorporate and become sponsors of the Tata Mutual Fund.