Slides
Page 1
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Q2FY26 Investor Presentation 28 Oct 2025
Page 2
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 2 Disclaimer This presentation is being furnished solely for your information and may not be reproduced or redistributed to any other person or used without the express consent of Tata Capital Ltd. (“Company”). The term “Company” shall include its subsidiaries unless repugnant to the context. This presentation has been prepared by the Company to provide general information on the Company and does not purport to cont ain all the information. Forward-looking statements contained herein regarding past trends or activities or future business plans, strategy, financial condition, growth prospects or devel opments in industry, competitive or regulatory environment should not be taken as a representation that such trends or activities will continue in the future. There is no obligation to update or rev ise any forward-looking statements. Actual results may differ materially from these forward-looking statements due to a number of factors. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any secur ities or instruments and nothing in this presentation should be construed as advice or solicitation to invest in the Company or any of its instruments or securities or otherwise. Neither the Company nor any of its affiliates, shareholders, directors, employees, agents or representatives makes any warran ty or representation as to the completeness of the information contained herein (including statements of opinion and expectation) or as to the reasonableness of any assumptions contained herein and shall not be liable for any loss or damage (direct or indirect) suffered as a result of reliance upon any statements contained in, or any omission here-from. By viewing this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing terms.
Page 3
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 3 • Tata Motors Finance acquisition completed on May 8, 2025. Integration progressing well - in line with our plans. • For better understanding, we have presented figures both excluding and including Motor Finance business. • While figures excluding Motor Finance can be compared on YoY and QoQ bases, figures including Motor Finance are best viewed on a QoQ basis. Q2FY26 (excluding Motor Finance): • AUM at ₹ 2,15,574cr (22% YoY growth). • Annualized credit cost at 1.1% (vs. 1.4% in Q1FY26). NNPA at 0.6% (same as Q1FY26 levels). • PAT at ₹ 1,128cr (33%(1) YoY growth) ₹ 2,15,574 Cr AUM 22.0% YoY | 4.1% QoQ 2.3% Opex / Average loans Q2FY25 2.4%(1) | Q1FY26 2.2% ₹ 1,128 Cr PAT 33% YoY(1) | 10% QoQ 2.2% ROA Q2FY25 2.0%(1) | Q1FY26 2.1% 1.1% Credit Cost Q2FY25 0.8% | Q1FY26 1.4% Excluding Motor Finance Including Motor Finance ₹ 2,43,896 Cr AUM 2.7% QoQ 2.6% Opex / Average loans Q1FY26 – 2.4% ₹ 1,097 Cr PAT 10.9% QoQ 1.9% ROA Q1FY26 - 1.8% 1.3% Credit Cost Q1FY26 – 1.6% Executive Summary – Q2FY26 Performance Update (1/3) (1) Adjusted for non-recurring income and expenses largely attributed to PE exit in Q2FY25.
Page 4
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 4 ⚫ Excluding Motor Finance, AUM at ₹ 2,15,574cr (up 22% YoY). Including Motor finance, AUM at ₹ 2,43,896cr (up 2.7% QoQ). ⚫ AUM addition in Q2FY26 – ₹ 8,440cr (excluding Motor Finance), and ₹ 6,388cr (including Motor Finance). ⚫ Focused on improving business metrices in Motor Finance (~10% of gross loans) before accelerating growth. ⚫ Retail + SME constitute ~88% of gross loans. Unsecured retail forms ~12% of gross loans. Scale ⚫ 1,479 branch locations across 27 states and union territories. ⚫ Combining physical presence with end-to-end digital capabilities, providing Phygital network. ⚫ As of Sep-25, our customer franchise stood at 7.7mn. Distribution ⚫ Total equity as of Sep-25 at ₹ 35,081cr and including primary portion of IPO ₹ 41,777cr. ⚫ Consolidated borrowings as of Sep-25 at ₹ 2,12,888cr. Consolidated debt to equity ratio at 6.1x (including IPO at 4.9x). ⚫ In Q2FY26, consolidated cost of funds was at 7.4% vs. 7.8% in Q1FY26 (34bps lower). ⚫ Liquidity buffer of ₹ 35,557cr as of Sep-25 on consolidated basis. Liability and Networth Executive Summary – Q2FY26 Performance Update (2/3)
Page 5
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 5 ⚫ Net interest income: ₹ 2,637cr (23% YoY growth). Including Motor Finance, net interest income at ₹ 3,003cr (5% QoQ growth). ⚫ Cost to income ratio: 36.6% (vs. 40.1% in Q2FY25(1)). Including Motor Finance, cost to income ratio at 39.7% (vs. 36.8% in Q1FY26). Higher cost to income ratio compared to Q1FY26 mainly on account of annual employee payout cycle in Q2FY26. ⚫ On-roll employees count stood at 29,992. Operating efficiency ⚫ Asset quality in unsecured retail has started showing improving trends. Excluding Motor Finance: o Credit cost declined (Q2FY26 at ₹ 565cr vs. Q1FY26 at ₹ 695cr). o Annualized credit cost to average net loan book declined to 1.1% in Q2FY26 (vs. 1.4% in Q1FY26). o GNPA & NNPA stood at 1.6% & 0.6%, respectively, as of 30-Sep-2025 (inline with Q1FY26 levels). ⚫ Motor finance - we have strengthened collection efforts and aligned risk management practices with that of Tata Capital. Asset quality ⚫ Excluding Motor Finance, PAT for Q2FY26 at ₹ 1,128cr (33%(1) YoY growth). Consolidated PAT (including Motor Finance) for Q2FY26 at ₹ 1,097cr. ⚫ Excluding Motor Finance: ROA for Q2FY26 at 2.2% (vs. 2.0% in Q2FY25(1)). ROE for Q2FY26 at 14.9% (vs. 13.7% in Q2FY25(1)). ⚫ Including Motor Finance: ROA for Q2FY26 at 1.9% (vs. 1.8% in Q1FY26). ROE for Q2FY26 at 12.9% (vs. 12.5% in Q1FY26). Profitability Executive Summary – Q2FY26 Performance Update (3/3) (1) Adjusted for non-recurring income and expenses largely attributed to PE exit in Q2FY25.
Page 6
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers Company Overview
Page 7
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 7 About Tata Capital (1) Cumulative shareholding of the Tata Group, on fully diluted basis, as at October 10, 2025. Tata Securities Ltd. Tata Capital Pte. Ltd. (Singapore) 100% 100% 100% Tata Capital Housing Finance Ltd. (“TCHFL”) Group 85.4%(1) Distributes mutual funds and other financial products Operates fund management business Engaged in housing finance business Other subsidiaries: Tata Capital has other step-down subsidiaries through which it operates its domestic private equity business Non-lending businesses Distribution of insurance and credit cards Wealth management Private equity Tata Capital Limited (“TCL”) completed merger with Tata Motors Finance Limited (“TMFL”) in May-25 with an appointed date of Apr 1, 2024 Tata Capital is an upper layer NBFC with a 100% owned housing finance subsidiary ~₹ 2.44tn AUM as of Sep 30, 2025 Retail & SME form ~88% of book Tata Sons: 78.8%
Page 8
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 8 Lead with Trust We respect and reinforce the trust that is placed in us. We are the partner the country can rely on. Better Together We actively collaborate with customers, partners, employees, group companies, communities; their success is our success. Futuready We innovate and leverage technology to anticipate, serve and shape future needs; setting the path for others to follow. Delivering Delight We go above and beyond to care and make people happy; We deliver delight to all stakeholders. Capital & more We serve the customer through the life-cycle of needs; We are facilitators and counsellors in helping customers achieve their dreams. Fast Forward We bring speed and simplicity; accelerating the pace at which the future becomes the present. Our Purpose – Responsible Financial Partner Fulfilling India’s Aspirations
Page 9
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 9 1,202 1,612 2,266 2,400 2007 2017 2018 2022 2023 2024 2025 Sep-25 Mar-23 Mar-24 Mar-25 Sep-25 Gross loans data represented as of March 31 for the FY; TCFSL: Tata Capital Financial Services Limited; TCCL: Tata Cleantech Capital Limited; TMFL: Tata Motor Finance Limited; (1) By CRISIL. Strong track record with 18 years of profitability; Delivering growth across economic cycles Crossed ₹ 500bn mark in terms of loan book Crossed ₹ 1tn mark in terms of loan book International BBB- credit rating by S&P , Fitch TCFSL and TCCL merged into TCL Crossed ₹ 2tn mark in terms of loan book Mr. Rajiv Sabharwal took over as MD & CEO Credit rating upgrade (domestic) from AA+ to AAA(1) Commenced lending operations Gross loans (₹ bn) TMFL merged into TCL Our Journey – Building a Diversified Retail and SME Focused Book Successfully listed on NSE and BSE in Oct-25
Page 10
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 10 Our Key Strengths Source: CRISIL Report; Note: (1) Based on total gross loans as of Jun 30, 2025 Omni-channel “Phygital” model powered by nationwide network, partnerships, and digital platforms 3rd largest diversified NBFC in India with a comprehensive product suite Prudent risk culture and strong underwriting driving stable asset quality Digital, GenAI, and analytics at the core, driving superior experiences and outcomes Highest credit rating and diversified liabilities ensuring lower cost of funds Led by a highly experienced management team (combined experience of over 400 years) and guided by best-in-class governance standards “Tata” brand name
Page 11
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 11 Tata Capital Limited – Financial Performance Summary Particulars (₹ crores) FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (ex-TMFL) FY25 Assets under management (net) 61,400 76,343 75,095 73,935 90,337 1,16,944 1,57,875 1,96,942 2,30,455 Net loan book 60,442 75,737 74,681 73,626 90,120 1,16,789 1,57,761 1,94,518 2,21,950 Total Income 6,784 9,205 9,791 9,985 10,307 12,918 18,198 23,205 28,008 Finance Cost 3,882 5,188 5,771 5,213 4,889 6,601 9,568 12,598 15,030 Net Total Income 2,902 4,017 4,020 4,772 5,417 6,317 8,630 10,607 12,978 Operating expenses 1,519 1,993 1,803 1,704 2,101 2,665 3,624 4,249 5,404 Pre-provisioning operating profit 1,383 2,024 2,217 3,068 3,316 3,652 5,006 6,358 7,574 Credit cost 338 665 1,581 1,450 1,078 582 602 1,530 2,806 Profits before tax 1,045 1,358 636 1,618 2,238 3,070 4,404 4,828 4,768 PAT (excl. non-recurring income)(1) 605 780 296 1,126 1,688 2,317 3,150 3,589 3,542 Non recurring income (PAT impact) - - - - - 712 - 123 123 Profits after tax (PAT) 605 780 296 1,126 1,688 3,029 3,150 3,712 3,665 Ratios FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (ex-TMFL) FY25 Cost to income 52.3% 49.6% 44.8% 35.7% 38.8% 42.2% 42.0% 40.1% 41.6% Cost to Average Assets 2.8% 2.9% 2.4% 2.3% 2.6% 2.6% 2.6% 2.4% 2.6% Credit cost 0.6% 1.0% 2.1% 2.0% 1.3% 0.6% 0.4% 0.9% 1.4% GNPA 2.4% 1.7% 1.9% 2.5% 1.9% 1.7% 1.5% 1.5% 1.9% NNPA 0.4% 0.4% 0.6% 0.9% 0.6% 0.4% 0.4% 0.5% 0.8% PCR 83.6% 79.7% 71.8% 65.4% 71.0% 77.1% 70.7% 65.8% 58.5% Return on Assets (2-point average) 1.1% 1.1% 0.4% 1.5% 2.1% 2.2% 2.3% 2.0% 1.7% Return on Assets (Daily average) 1.1% 1.2% 0.4% 1.6% 2.2% 2.3% 2.4% 2.1% 1.8% Return on Equity (2-point average) 15.3% 13.2% 3.6% 12.0% 15.3% 15.8% 15.5% 13.8% 12.2% Return on Equity (Daily average) 15.6% 13.9% 3.7% 12.2% 16.0% 17.9% 17.6% 14.7% 12.6% EPS (Rs.) 2.1 2.6 0.9 3.2 4.7 8.4 8.6 9.4 9.3 (1) Adjusted for non-recurring income and expenses largely attributed to PE exit in Q2FY25
Page 12
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Business Overview
Page 13
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 13 539 1,479 Mar-23 Sep-25 In-house sales supported by External Partner ecosystem Pan-India “Phygital” Distribution Model All values are for Q2 FY26 / as of Sep-25, unless specified otherwise; (1) Includes Corporate, Retail and Motor Finance app downloads; (2) During the period Apr-25 to Sep-25 27 States and UTs 1,087 Locations 1,479 Branches Branch network # of branches 2.7x Significant addition Leveraging geo-analytics to identify high potential areas with focus on deeper markets In-house sales team 19,695 DSAs 30K+ Phygital ecosystem (Digital presence through app & website) 140 Lakh+ Mobile app downloads(1) 350 Lakh+ Website traffic visits(2) Chandigarh Punjab Haryana Delhi Rajasthan Gujarat Madhya Pradesh Goa Karnataka Kerala Maharashtra Jammu & Kashmir Himachal Pradesh Uttarakhand Uttar Pradesh Bihar Assam West Bengal Jharkhand Odisha Chhattisgarh Telangana Andhra Pradesh Tamil Nadu Puducherry 155 10 5 20 138 3 52 101 64 94 3 123 21 3637 49 17 114 152 2 205 17 37 20 2 Meghalaya 1 Tripura1
Page 14
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 14 Product Offerings – Retail and SME Driven Growth Comprehensive product suite which helps manage risk across economic cycles All values are as of Sep 30, 2025; HFCs: Housing finance companies; Others include products that contribute less than 2% of our gross loan book (education loan, microfinance, loan against securities, car loans); Supply chain finance, equipment finance, and leasing solutions (+) term loans, cleantech & infrastructure finance, and developer finance to businesses with latest available turnover of <= ₹ 2.5bn are categorized as SME loans; Term loans, cleantech & infrastructure finance, and developer finance to businesses with latest available turnover of > ₹ 2.5bn are categorized as corporate loans; Term Loans include Equipment Finance, Loans against Property includes secured business loan and Supply Chain Finance includes leasing solutions. Motor Finance business includes commercial vehicle, portion of car loans & supply chain finance. (1) Retail unsecured loans incl. personal loans, business loans, microfinance loans and education loans. (2) Total gross loans with ticket size < ₹ 10mn. Gross loans: ₹ 2,39,960cr 25+ lending products – comprehensive suite Retail unsecured(1) at 11.6% of the book Organic book ~99% Granular(2) ~99% Retail : SME : Corporate 61% : 27% : 12% TCHFL one of the largest HFCs with best-in-class return profile Home loans 17.2% Loan against property 12.3% Personal / Business loans 10.4% Motor Finance 10.3% CEQ/TW 5.6% Others 5.2% Term loans 17.1% Cleantech and Infrastructure finance 8.6% Supply chain finance 7.6% Developer finance 5.7% Retail 61%
Page 15
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 15 Amount (₹ cr) % Mix Business Segment Wise Gross Loans Particulars Mar-25 Jun-25 Sep-25 Mar-25 Jun-25 Sep-25 Home loans 38,403 40,159 41,267 17.0% 17.2% 17.2% Loan against property 26,438 27,865 29,620 11.7% 11.9% 12.3% Personal / Business loans 24,866 24,641 24,884 11.0% 10.6% 10.4% CEQ / Two-Wheeler 14,783 12,983 13,320 6.5% 5.6% 5.6% Term loans 35,588 38,957 41,114 15.7% 16.7% 17.1% Cleantech and Infrastructure finance 18,182 20,566 20,724 8.0% 8.8% 8.6% Supply chain finance 17,114 17,608 18,233 7.6% 7.5% 7.6% Developer finance 11,565 12,919 13,628 5.1% 5.5% 5.7% Others 11,225 11,911 12,496 5.0% 5.1% 5.2% Total (excl. Motor Finance) 1,98,164 2,07,609 2,15,286 87.5% 89.0% 89.7% Motor Finance 28,389 25,789 24,675 12.5% 11.0% 10.3% Total (incl. Motor Finance) 2,26,553 2,33,399 2,39,960 100.0% 100.0% 100.0% Term Loans include Equipment Finance, Loans against Property include secured business loan and supply chain finance includes leasing solutions. Motor Finance business includes commercial vehicle, portion of car loans, supply chain finance.
Page 16
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 16 Products Description Gross loans (₹ cr) % share in total gross loans Average ticket size (₹ lakh)(1) YoY growth (%) Gross loans CAGR (2) Home loans Loans to salaried and self-employed individuals through TCHFL (50% of gross loans were to salaried individuals) 41,267 17.2% 32.0 18.3% 28.4% Loan against property Secured loans largely to salaried and self-employed individuals to finance personal or business expenditures 29,517 12.3% 16.8 26.0% 27.2% Personal loans Unsecured personal loans to individuals, primarily salaried individuals 15,246 6.4% 4.0 (3.8%) 18.8% Business loans Loans for working capital, asset acquisitions, business growth, establishment of new businesses or ancillary units 9,638 4.0% 13.0 11.3% 31.0% Secured business loans Loans to micro-enterprises, backed by property as collateral 101 0.04% 9.5 ~ ~ Two-wheeler loans Loans to salaried and self-employed individuals 7,370 3.1% 1.1 17.2% 32.5% Construction equipment loans Loans to individual operators, fleet operators to finance the purchase of construction equipments and machinery 5,950 2.5% 79.1 9.5% 7.1% Car loans Loans to salaried and self-employed individuals for the purchase of new / pre-owned passenger cars 5,820 2.4% 6.6 9.7% 31.7% Loan against securities Loans secured by pledge of the borrowers’ invested securities 4,352 1.8% 34.4 23.3% 46.1% Microfinance loans Loans under the joint liability group model to women from low-income groups 2,401 1.0% 0.5 0.4% 87.5% Commercial vehicle loans Loans to primarily individuals, small fleet operators, market load operators and strategic customers who operate large fleets to finance the purchase of new / pre-owned CVs 23,758 9.9% 15.9 (12.6%) ~ Education Loans Student loans for higher education at institutions in India and overseas 607 0.3% 35.5 ~ ~ Retail products All values are as of Sep 30, 2025, unless specified otherwise; (1) As of Sep 30, 2025; (2) From Mar-23 to Sep-25. Product Offerings – Retail
Page 17
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 17 Products Description Gross loans (₹ cr) % share in total gross loans Average ticket size (₹ lakh)(3) YoY growth (%) Gross loans CAGR(4) Term loans Loans typically to fund brownfield and greenfield projects, capital investments such as machinery, working capital requirements or other general purposes 39,163 16.3% 3,031.8 32.7% 32.1% Cleantech and Infrastructure finance Term loans to finance projects in renewable energy, energy efficiency, electric mobility, waste management, water management sectors and other infrastructure projects (financed 500+ cleantech projects) 20,724 8.6% 14,064.6 26.9% 31.4% Supply chain finance Working capital solutions to distributors and dealers in the form of channel finance and factoring and to the suppliers in the form of vendor finance 15,497 6.5% 324.0 (3.8%) 11.9% Developer finance Loans (through TCHFL) to real estate developers, secured by way of mortgage and / or hypothecation over the underlying project (relationships with 150 active developers in 11 cities) 13,628 5.7% 6,515.0 37.8% 34.0% Leasing solutions(2) Solutions tailored to SMEs & corporates for multiple categories of assets, such as cars, IT assets, CV/CEs, plant and machinery, electric vehicles etc. 2,970 1.2% 1,806.5 9.2% 11.7% Equipment finance Financing of equipment ranging from heavy machinery to office equipment 1,950 0.8% 159.7 2.0% 10.3% SME & Corporate products(1) All values are as of Sep 30, 2025, unless specified otherwise; (1) Supply chain finance, equipment finance, and leasing solutions (+) term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of <= ₹ 2.5bn are categorized as SME loans; term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of > ₹ 2.5bn are categorized as corporate loans; (2) Denotes finance lease; TCL also offers operating leases / rental solution ; (3) As of Sep 30, 2025; (4) From Mar-23 to Sep-25. Product Offerings – SME & Corporate
Page 18
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 18 All values are as of Sep 30, 2025, unless specified otherwise; (1) As of Jun 30, 2025 Distribution of Insurance ⚫ Holds corporate agent (composite) license from IRDAI for the distribution of life, general and health insurance products 8.6mn+(1) Insurance policies in force across life, general and health categories Private Equity ⚫ Currently focused on two themes: Growth Healthcare Focused on urbanisation, manufacturing and strategic services Focused on pharmaceuticals, hospitals, contract research and manufacturing services, diagnostic chains and other healthcare services ₹ 7,807cr Raised across domestic funds and offshore funds ⚫ Planning to launch Decarbonization Fund 53 deals in over 15 years ⚫ Currently in the process of raising Fund III for both these themes Wealth Management ⚫ Offers wealth management services for high-net-worth individuals and retail clients through “Tata Capital Wealth” ⚫ Dedicated team of wealth managers and investment product specialists ₹ 7,291cr 26% CAGR (Mar-23 to Sep-25) Scale Growth Non-Lending Businesses
Page 19
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 19 Consolidated Financial Performance (Excluding Motor Finance) Particulars (₹ crores) Q2FY25 Q1FY26 Q2FY26 YoY growth H1FY25 H1FY26 YoY growth FY25 Assets under management (net) 1,76,637 2,07,134 2,15,574 22% 1,76,637 2,15,574 22% 1,96,897 Net loan book 1,76,536 2,03,705 2,11,293 20% 1,76,536 2,11,293 20% 1,94,518 Net interest income 2,139 2,507 2,637 23% 4,137 5,147 24% 8,897 Fee income 370 506 588 59% 713 1,094 53% 1,581 Investment income 90 184 105 16% 182 289 59% 129 Net total income 2,599 3,197 3,330 28% 5,032 6,530 30% 10,607 Operating expense 1,043 1,077 1,220 17% 2,083 2,297 10% 4,249 Pre-provisioning operating profit 1,557 2,116 2,110 36% 2,949 4,232 43% 6,358 Loan losses and provisions 349 695 565 62% 584 1,260 116% 1,530 Profit before tax 1,208 1,425 1,545 28% 2,365 2,972 26% 4,828 Profit after tax (excl. non-recurring income) 849 1,021 1,128 33% 1,702 2,151 26% 3,589 Non-recurring income (PAT impact)(1) 116 - - 123 - 123 Profit after taxes (attributable to owners of the company) 965 1,021 1,128 17% 1,825 2,151 18% 3,712 Ratios(2) Annualized operating expense on average net loan book 2.4% 2.2% 2.3% 2.5% 2.3% 2.4% Cost to income ratio 40.1% 33.7% 36.6% 41.4% 35.2% 40.1% Annualized credit cost on average net loan book 0.8% 1.4% 1.1% 0.7% 1.2% 0.9% Annualized Return on average net loan book 2.0% 2.1% 2.2% 2.0% 2.1% 2.0% Annualized Return on average equity 13.7% 14.3% 14.9% 14.0% 14.2% 13.8% (1) Reflects non-recurring income and expenses largely attributed to PE exit; (2) Excl. non-recurring income.
Page 20
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 20 Consolidated Financial Performance (Including Motor Finance) Particulars (₹ crores) Q1FY26 Q2FY26 QoQ growth H1FY26 FY25 Assets under management (net) 2,37,508 2,43,896 3% 2,43,896 2,30,455 Net loan book 2,28,579 2,34,991 3% 2,34,991 2,21,950 Net interest income 2,867 3,004 5% 5,870 10,690 Fee income 576 666 16% 1,241 1,984 Investment income 184 105 (43%) 289 305 Net total income 3,626 3,774 4% 7,400 12,978 Operating expense 1,335 1,497 12% 2,832 5,404 Pre-provisioning operating profit 2,291 2,277 (1%) 4,568 7,574 Loan losses and provisions 909 773 (15%) 1,682 2,806 Profit before tax 1,383 1,504 9% 2,886 4,768 Profit after tax (excl. non-recurring income) 990 1,097 11% 2,087 3,542 Non-recurring income (PAT impact)(1) - - - 123 Profit after taxes (attributable to owners of the company) 990 1,097 11% 2,087 3,665 Ratios(2) Annualized operating expense on average net loan book 2.4% 2.6% 2.5% 2.6% Cost to income ratio 36.8% 39.7% 38.3% 41.6% Annualized credit cost on average net loan book 1.6% 1.3% 1.5% 1.4% Annualized Return on average net loan book 1.8% 1.9% 1.8% 1.7% Annualized Return on average equity 12.5% 12.9% 12.5% 12.2% Merger with Tata Motors Finance became effective on May 8, 2025 - Q1FY26 is the first quarter of combined operations (1) Reflects non-recurring income and expenses largely attributed to PE exit; (2) Excl. non-recurring income.
Page 21
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 21 Asset Quality Update (1/3) Particulars 31-Mar-25 30-Jun-25 30-Sep-25 30-Jun-25 30-Sep-25 Gross loans 1,98,164 2,07,609 2,15,286 2,33,399 2,39,960 Gross loan mix Gross Stage 1 97.4% 97.3% 97.4% 95.9% 95.9% Gross Stage 2 1.1% 1.1% 1.0% 2.0% 1.9% Gross Stage 3 1.5% 1.6% 1.6% 2.1% 2.2% Provision coverage Stage 1 0.6% 0.6% 0.5% 0.6% 0.6% Stage 2 15.8% 15.1% 14.5% 12.9% 12.2% Stage 3 65.8% 64.2% 64.0% 53.9% 52.8% Overall 1.8% 1.7% 1.7% 2.0% 2.0% Net loan mix Net Stage 1 98.5% 98.4% 98.5% 97.2% 97.2% Net Stage 2 0.9% 1.0% 0.9% 1.8% 1.7% Net Stage 3 0.5% 0.6% 0.6% 1.0% 1.1% Excluding Motor Finance Consolidated
Page 22
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 22 Particulars Mar-25 Jun-25 Sep-25 Mar-25 Jun-25 Sep-25 Mar-25 Jun-25 Sep-25 Home loans 0.6% 0.7% 0.7% 0.3% 0.3% 0.4% 51.2% 50.7% 50.0% Loan against property 1.5% 1.4% 1.4% 0.6% 0.6% 0.6% 57.7% 56.4% 54.7% Personal / Business loans 5.2% 5.5% 5.7% 1.5% 1.7% 1.8% 73.2% 70.5% 70.3% CEQ / Two-Wheeler 3.1% 3.3% 3.4% 1.6% 1.6% 1.7% 50.5% 52.4% 51.8% Term loans 0.4% 0.4% 0.4% 0.2% 0.2% 0.2% 55.3% 54.2% 53.5% Cleantech and Infrastructure finance 0.3% 0.2% 0.2% 0.1% 0.1% 0.1% 65.0% 65.0% 65.0% Supply chain finance 0.9% 1.1% 1.1% 0.2% 0.3% 0.3% 75.4% 72.7% 74.5% Developer finance 0.8% 0.7% 0.7% 0.1% 0.1% 0.1% 89.4% 89.1% 89.1% Others 2.0% 2.7% 3.3% 0.5% 0.9% 1.1% 75.8% 67.1% 67.6% Total (excl. Motor Finance) 1.5% 1.6% 1.6% 0.5% 0.6% 0.6% 65.8% 64.2% 64.0% Motor Finance 4.1% 5.9% 7.7% 2.5% 4.1% 5.3% 39.2% 31.9% 32.3% Total (incl. Motor Finance) 1.9% 2.1% 2.2% 0.8% 1.0% 1.1% 58.5% 53.9% 52.8% Provision CoverageNet Stage 3Gross Stage 3 Asset Quality Update (2/3) Term Loans include Equipment Finance, Loans against Property include secured business loan and supply chain finance includes leasing solutions. Motor Finance business includes commercial vehicle, portion of car loans, supply chain finance.
Page 23
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 23 Particulars Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Home Loan 99.8% 99.8% 99.8% 99.8% 99.9% 99.8% 99.9% 99.9% 99.8% Loan Against Property 99.6% 99.6% 99.7% 99.6% 99.7% 99.7% 99.6% 99.7% 99.7% Personal Loan 99.0% 98.9% 99.2% 98.7% 99.2% 98.9% 99.2% 99.2% 99.1% Business Loan 99.2% 99.1% 99.3% 98.9% 99.2% 98.9% 99.3% 99.2% 99.2% Two-wheeler 98.8% 98.5% 99.0% 98.0% 99.0% 98.7% 98.4% 98.8% 98.7% Used Car Loans 98.9% 98.9% 99.2% 98.3% 99.1% 98.9% 99.0% 99.0% 99.0% Asset Quality Update – Collection Efficiency (3/3) Collection efficiency defined as POS of 0 DPD customers who cleared dues / POS of 0 DPD customers
Page 24
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers Material Subsidiary TCHFL
Page 25
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 25 AUM 26,384 Cr 27,074 Cr 24,855 Cr 28,604 Cr 36,995 Cr 51,455 Cr 67,252 Cr PBT 127 Cr 255 Cr 478 Cr 760 Cr 1,101 Cr 1,539 Cr 2,013 Cr FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY 22-H1 FY 26 : CAGR 32% FY 22-FY 25: CAGR 38% • Branches increased from 57 in Mar-19 to 329 in Sep-25. 80% of the incremental branches in Tier 3 onwards. • Granular book - average ticket size stands at ₹ 20lakhs for retail and ₹ 65cr for developer finance. • Salaried and self-employed customer mix - 42% : 58%. • Sourcing mix - 62% direct and 38% DSA. • Among the top originators in Affordable Home Loans. • Best-in-class asset quality - annualized credit cost at 0.1%; Net NPA at 0.3%. H1 FY26 75,636 Cr 1,142 Cr Tata Capital Housing Finance Limited (TCHFL) Overview ₹ 75,636cr AUM 30% YoY | 5% QoQ ₹ 440cr PAT 28% YoY | 7% QoQ 32.9% Cost to Income Q2FY25 35.9% | Q1FY26 30.5% 2.4% ROA Q2FY25 2.4% | Q1FY26 2.4% 0.3% Net NPA Q2FY25 0.4% | Q1FY26 0.3% 18.5% ROE Q2FY25 18.7% | Q1FY26 18.4% TCHFL Q2FY26 Performance Summary
Page 26
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 26 TCHFL Portfolio Overview 43% 20% 18% 19%1% 32,174cr 14,073cr 13,358cr 15,229cr Q2 FY26 AUM ₹ 75,636cr 801 Cr • Includes Affordable Home Loans + LAP • Catering to first time home buyers, new to credit with household income <6lakhs • Presence in Tier 3, 4 & beyond markets • Average ticket size of ₹ 12lakhs Affordable Housing Finance (AHF) including Micro Housing (MH) • Funding for undertaking construction & development of real estate projects • Present in select 11 cities • Average ticket size of ₹ 65cr Developer Finance (DF) • Catering to Salaried & SENP customers • Presence in Metro, Tier 1 & 2 cities • Granular Book with ATS of ₹ 40lakhs Prime and Near Prime Home Loans • Catering to Metro, Tier 1 & 2 cities • Granular Book with ATS of ₹ 12lakhs • Overall LAP ₹ 21,181cr: • ₹ 15,229cr prime LAP • ₹ 5,952cr part of Affordable LAP Loan Against Property Prime & Near Prime HL Prime LAP DFAHF MH MH – Micro housing; SENP – Self-employed non-professional; ATS – Average ticket size; LAP – Loan against property.
Page 27
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 27 Particulars (₹ crores) Q2FY25 Q1FY26 Q2FY26 YoY growth H1FY25 H1FY26 YoY growth FY25 Assets under management (net) 58,257 71,913 75,636 30% 58,257 75,636 30% 67,252 Net loan book 58,211 70,572 73,774 27% 58,211 73,774 27% 66,405 Net interest income 544 674 694 28% 1,078 1,369 27% 2,343 Fee income 90 134 181 101% 186 314 69% 427 Investment income 21 21 24 15% 37 44 21% 63 Net total income 655 828 899 37% 1,301 1,727 33% 2,834 Operating expense 235 253 296 26% 475 549 15% 972 Pre-provisioning operating profit 420 575 603 44% 826 1,178 43% 1,862 Loan losses and provisions (40) 23 13 ~ (158) 36 ~ (151) Profit before tax 460 552 590 28% 984 1,142 16% 2,013 Profit after tax 343 412 440 28% 733 852 16% 1,499 Ratios Annualized operating expense on average net loan book 1.7% 1.5% 1.6% 1.7% 1.6% 1.7% Cost to income ratio 35.9% 30.5% 32.9% 36.5% 31.8% 34.3% Annualized credit cost on average net loan book (0.3%) 0.1% 0.1% (0.6%) 0.1% (0.3%) Annualized Return on average net loan book 2.4% 2.4% 2.4% 2.7% 2.4% 2.5% Annualized Return on average equity 18.7% 18.4% 18.5% 20.7% 18.4% 19.3% TCHFL – Financial Performance Summary
Page 28
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Motor Finance Update
Page 29
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 29 26,694 24,874 23,698 Mar-25 Jun-25 Sep-25 One of India’s leading vehicle financiers Net loan book mix (Sep-25) Workforce Disbursement Extensive network Net loan book Customers served Dealer touchpoints Net loan book movement Motor Finance Business Overview 5,433 ₹ 1,703 Cr 354 ₹ 23,698 Cr 2.5mn+ 750+ Consolidating loan book in line with strategy to improve business metrics Between Mar-25 and Sep-25, net loan book lower by ₹ 2,996cr HCV-New, 41% ILMSCV, 22% Used Vehicle, 32% Others, 6% Realigning portfolio mix to improve book yield and asset quality All values are as of Sep-25 or for Q2FY26, unless specified otherwise; ILMSCV – Intermediate, Light, Medium & Small Commercial Vehicles HCV – Heavy Commercial Vehicles.
Page 30
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 30 • Multi OEM model • Tied up with multiple OEMs. Contribution of other OEMs in disbursement of new vehicle loans increasing. • Added over 300 dealers in last six months. Disbursements Q4FY25 Q2FY26 Non-Tata OEM contribution 0% 13% • Pivoting towards Used business and within New, focusing on ILMSCV. • Disbursement IRRs showing improving trends (12.8% in Q4FY25 vs. 13.4% in Q2FY26). Disbursement mix Q4FY25 Q2FY26 Used proportion 42% 47% HCV new 37% 29% ILMSCV new 16% 23% • Tata Motor Finance Limited was AA+ rated (vs. AAA rating of Tata Capital). • Rating upgrade benefit because of merger - cost of funds lower by ~60bps. • 100% of variable rate borrowings (~88% of total) already repriced. • Tata Motors Finance acquisition completed on May 8, 2025. • Current focus is on transforming and integrating the business. Progress in line with our plans. • CV cycle remains key monitorable. Key Drivers Updates • Change in product mix • Liability management Turnaround Strategy for Motor Finance Business (1/2) ILMSCV – Intermediate, Light, Medium & Small Commercial Vehicles; HCV – Heavy Commercial Vehicles.
Page 31
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 31 • Risk management practices • Credit underwriting policies revised and strengthened. • Vehicle valuation process has been restrengthened by putting centralized monitoring. • Focus on de risking the portfolio by funding consumption mix (SCV & ILCV). • Geographic limit have been put to have a cost-effective sourcing and collections. Key Drivers Updates • Reduce cost to income ratio Turnaround Strategy for Motor Finance Business (2/2) • Market expected to pick up in H2 post GST cut. • Major drivers - domestic consumption, stable fuel prices, better operating economics due to price reduction. • Large fleet owners going slow on capacity addition - resulting in flat growth in HCV in number terms. • Retail buying in ILMSCV segments expected to grow. • Market Outlook • Rationalization of branches (over 90 branches closed in Q2FY26). • Plan to leverage the existing Tata Capital branches to scale up Motor Finance Business. • Consolidation of manpower in common functions and rationalization in support group (employee strength at 5,433 vs. 6,351 in Mar-25). • IT integration and rationalization is under progress.
Page 32
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers Liability & Asset Profile
Page 33
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 33 Diversified & Stable Liability Profile 10% 8% 7% 6% 4% 5% 6% 5% 4% 4% 4% 4% 4% 13% 24% 30% 27% 31% 34% 38% 43% 41% 41% 39% 38% 36%1% 1% 4% 5% 5% 6% 7% 8% 9% 9% 11% 12% 12%37% 34% 36% 42% 41% 39% 35% 30% 31% 31% 30% 34% 35%6% 5% 6% 7% 7% 5% 5% 4% 4% 4% 4% 4% 4%32% 27% 19% 13% 13% 11% 10% 10% 10% 10% 12% 8% 9% 55,241 69,801 72,030 69,524 86,220 1,13,336 1,48,185 1,83,167 1,91,739 1,98,145 2,08,415 2,11,852 2,12,888 1 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 NHB Bank Loans ECB/ MTN NCD Tier II/ Perpetual CP/ WCDL Diversified Funding Sources ₹ Cr Highest possible domestic credit rating AAA with stable outlook Int’l credit rating of BBB 1st USD bond issue in Jan’25 Access to diverse pool of domestic and international lenders at competitive rates One of the Lowest Cost of Borrowings 7.6% 8.3% 8.1% 7.4% 6.3% 6.6% 7.3% 7.8% 7.8% 7.8% 7.9% 7.8% 7.4% FY18 FY19 FY20 FY21 FY22 FY23 FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 NHB: National Housing Bank, ECB: External commercial borrowing, MTN: Medium term note, NCD: Non-convertible debenture, CP: Commercial paper, WCDL: Working capital demand loan
Page 34
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 34 Key Ratios 16.7% 16.6% 16.4% 16.3% 16.9% 16.6% 17.3% 11.9% 11.7% 12.1% 12.2% 12.8% 12.8% 13.8% 6.3x 6.8x 6.8x 6.8x 6.6x 6.5x 6.1x -8.0x -6.0x -4.0x -2.0x 0.0x 2.0x 4.0x 6.0x 8.0x 10.0% 20.0% FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Total CRAR Tier-I Regulatory CRAR D/E 15% Post IPO 4.9x 21.5% 17.9%
Page 35
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 35 14% 15% 18% 24% 28% 36% 51% 73% 84% 100% 2% 3% 6% 9% 13% 23% 35% 71% 77% 100% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0% 20% 40% 60% 80% 100% 120% 1 to 7 Days 8 to 14 Days 15 days to 1M 1 to 2M 2 to 3M 3 to 6M 6M to 1y 1y to 3y 3y to 5y Over 5y Chart Title Cumulative Inflows (%) Cumulative Outflows (%) Cumulative Surplus / (Gap) (%) ALM Bucketing (Standalone) Cumulative Inflows & Outflows 12% 12% 12% 15% 15% 13% 16% 2% 7% 0%
Page 36
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers Guidance
Page 37
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 37 TCL (excl. Motor Finance) TCL (incl. Motor Finance)Particulars 22 - 25% 18 - 20% FY26: 1.0 - 1.1% Q4FY26: 0.8 - 0.9% FY26: ~1.2% Q4FY26: < 1% 35 - 36% 38 - 39% FY26: 2.2 - 2.3% Q4FY26: 2.4% - 2.5% FY26: 2.0 - 2.1% Q4FY26: 2.3 - 2.4% 14 - 15% 13 - 14% ~32 - 35% ~35% 0.6 - 0.7% < 1.0% AUM growth Credit cost Cost to income ROE ROA PAT growth NNPA FY26 Guidance
Page 38
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 38 3-Year Guidance including Motor Finance AUM CAGR 23% – 25% Cost to income 33% – 34% Credit cost < 1.0% Net NPA < 1.0% PAT CAGR > 30% ROA 2.5% - 2.7% Return on Equity 17% - 18%
Page 39
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 39 Historical Performance vs. Guidance AUM (net) CAGR 30%(1) 23% - 25% CAGR PAT CAGR 29%(1) > 30% CAGR Credit cost 0.6%(2) < 1.0% Cost to income 41.4%(2) 33% - 34% ROA Daily average 2.3%(2) 2.5% - 2.7% 2-point average 2.2%(2) 2.5% - 2.7% ROE Daily average 16.7%(2) 17% - 18% 2-point average 15.0%(2) 17% - 18% Net NPA 0.4%(2) < 1.0% Historical Performance (excl. Motor Finance) 3-Year Guidance (incl. Motor Finance) Particulars Note: PAT and ratios calculated excluding non-recurring income. (1) FY22-25 CAGR; (2) Reflects average from FY23 to FY25.
Page 40
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Technological Capabilities
Page 41
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 41 Digital First – Essence of Our Organization • Digital-first NBFC • Technology at the core of how we think, work and deliver • Transforming products to create seamless, scalable and smarter financial journeys • Harnessing AI to reimagine finance and deliver superior customer experiences • Leverage AI to achieve operational excellence, empowering workforce and unlocking new possibilities • Every product design, experience, and promise is shaped around customers’ needs and aspirations • Empowering customer ambitions and fulfilling their dreams AI > Next Customer at the Core 2 3 Digital DNA 1
Page 42
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 42 Digital DNA Driving Impact All values are for Q2 FY26 / as of Sep 30, 2025, unless specified otherwise stated. (1) In retail finance; (2) BRE – Business rule engine Digitizing entire loan lifecycle to improve customer experience and create a seamless & efficient process Customers onboarded via digital platforms 97% Disbursements(1) via scorecards / BRE(2) 97% Collections via digital channels 99% Customer queries addressable digitally 98% Digital partnerships 170+ Profile checks, digital KYCs, loan-linked insurance Onboarding & cross-sales Digital partnerships to enhance reach Pre-approved loan offers API-enabled process flows Underwriting GenAI powered credit memos BRE(2) based underwriting Data integration Multiple Digital Payment Channels , predictive analytics for loan recovery Collections Digital workflow system Field collection app Statistical models for early bucket resolution Customer service Multilingual Capabilities DIY service via multiple channels Omnichannel customer service Integrate data from credit bureaus, financial statements etc, AI based risk assessment GenAI enabled e-mail replies & chatbot. IVR, push notifications and Marketing communications
Page 43
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 43 AI > Next – Harnessing the Power of AI Multilingual virtual assistant Automated response management E-mail co-pilotCustomer Engagement Data extraction & summarization Contextualization AI powered credit memo Credit underwriting Risk & anomaly detection Comparative analysis EWS for RiskRisk management Content & creatives Conversational interfaces Sentiment analysisMarketing Learning and Development Virtual Assistance for instant query resolution Channel Assistance Upskilling Workforce Vision AI – Reading, Comparing and Validating Account Management – Reconciliation and Exception handling Intelligent Task Prioritization and workflow Operational Excellence Live WIP 6 Areas identified for AI/GenAI transformation
Page 44
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 44 Acquisition Portfolio & Risk Collections Fueling Business with Analytics Scorecard driven credit decisioning Smart-lanes for differentiated credit strategy Offer enhancement by leveraging Alternate Data Address Quality and Velocity Insights Micro segment level monitoring Risk Radar using Gen AI Leverage Build up Assessment Retention using Reinforcement Models RiskLens (RL) for Channel Performance Pre-delinquency & post-delinquency models Prism 360 – Unified Customer Intelligence Strengthen collections using alternate data Deep bucket & Settlement Strategy Affinity Based Customer prioritization Foundational analytics Enhanced analytics Intelligent analytics Live In progress Field Assessment Skip Tool (FAST) FinSight - Financial Statement Analyzer AI driven Market Edge Voice Analytics
Page 45
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 45 Loan and Wealth App Customer Portal Digital First Approach – Customer-Centric and Experience-Driven Digital onboarding Customer friendly journeys Personalized offerings Digital self-servicing Services for Retail Services for Corporate Customer Journeys Product Suite 167+ 100+ 25+ 25+
Page 46
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers ESG Overview
Page 47
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 47 Tata Capital ESG Initiatives (1/3) The Green Switch(1) JalAadhar(1) Vanaropan(2) Key CSR programmes dedicated to environmental impact aligned with United Nations Sustainable Development Goals Integrated watershed management programme • Aim to achieve water security in water- stressed communities • Impacted 335 villages benefitting over 5.4 lakh individuals. Created 45,000+ lakh litres of water holding capacity. Providing energy security to unelectrified communities • Use solar micro off-grid systems to provide 24X7 power to households, streetlights, common areas, and community buildings • 24/7 clean electricity now powers 4,800 homes in 99 hamlets across 3 states with a total installed solar capacity of 1.19 MWp. Creating additional carbon sink • Afforested 6.8 acres with 78,000+ native forest saplings in Thane, Delhi and Hyderabad • 1,630+ tons of carbon will be sequestered upon full growth of the saplings. (1) Values as of Mar 31, 2025. (2) Values as of Sep 30, 2025.
Page 48
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 48 Tata Capital ESG Initiatives (2/3) “Pankh Scholarship”| Education | Financial literacy Health “Aarogyatara” 13,69,510+ lives impacted Eradication of curable blindness Scholarships | Quality Primary Education | Financial Literacy • Mentor and fund the education of young academic achievers from economically underprivileged families. • Till date, a total of 29,000+ youth were awarded scholarships. • Through our financial literacy programme, we have empowered youth with the knowledge and confidence to make informed financial decisions, creating a lasting impact in their lives • The company is deeply committed to restoring sight and transforming lives by working to eradicate curable blindness, especially among underserved and rural communities. • Till date, screened 13,69,510 lakh individuals and supported 1,56,606 individuals with vision correction surgeries 29,000+ lives impacted All values are as of Sep 30, 2025.
Page 49
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 49 Tata Capital ESG Initiatives (3/3) Key Pillars of Governance Excellence Board Independence and Expertise Diverse Board, with five out of eight members serving as independent directors, bringing industry expertise, including two female independent directors. Data & Risk Governance Advanced cybersecurity, enterprise risk management and compliance with data protection regulations. Transparent Reporting and Disclosure Independent assurance and public disclosures. Regulatory norms and regular, accurate stakeholder updates. Sustainability-Focused Governance ESG-aligned strategies for sustainable growth - cleantech and financial inclusion, particularly affordable housing. Ethical Framework Tata Code of Conduct articulating values, ethics and business principles; Anti- Bribery and Anti-Corruption Policy; Whistleblower policy. Leadership Accountability Strong leadership accountability through defined roles and oversight.
Page 50
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 50 Catalyzing Green Projects Through Cleantech Finance Deep partnerships with global climate investors enabling access to long-tenure, low-cost capital In-house sourcing for Cleantech and Infrastructure Finance Focus Areas Renewable Energy Electric Mobility Energy Efficiency Green & Sustainable Financing Waste Management In 2011, our erstwhile subsidiary TCCL(1) was set up by our Company and International Finance Corporation, with a primary focus on green and sustainable financing Financing green projects through Cleantech Finance Cleantech Financing EV Financing 500+ Cleantech projects financed 21GW+ Renewable capacity financed 35,000 Cr+ Disbursals till date 55,000+ Live EV customers 2,500+ Customers added every month ~10% of 2W portfolio 1. Tata Cleantech Capital Limited – merged into TCL.
Page 51
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 51 Awards and Recognition Recognition for Best Practice at the Tata Group Ethics and Affirmative Action Summit 2025 Innovative Use of Existing Medium – Metro (Bronze) for Mitaye Faasle at e4m NEONS OOH Awards 2025 Best use of Quora (Bronze) at afaqs! Digies Awards 2025 Platinum Category Award at the 15th Annual EEF Global Environment Awards 2025 Best Data Quality Award, Housing Finance Companies Consumer Segment 2024-2025 (Bronze) Multiple awars for Social Media at afaqs! Marketers Xcellence Awards 2025 India Green Energy Award winner for Electric Vehicle Financing at India Green Energy Awards (IFGE) 2025 Tata Innovista Award for our Gen AI-powered CAM Project- 2025 Best Data Quality Award in the NBFC Consumer Emerging Segment – Silver Category by TransUnion CIBIL ET Martech Awards 2025 for Innovative AI & Automated Campaigns FICCI CSR Award for the Green Switch Project Best BFSI Brand 2025 by ET Edge Organisation of the Year in Clean Energy Financing at the Green Finance Excellence Awards 2025 Global Environment Award 2025 for the Green Finance Sector
Page 52
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Thank You
Page 53
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Annexures
Page 54
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 54 Select prior experience ⚫ Associated with Tata Consultancy Services for 29+ years Co-founder of Pacific Paradigm Advisors LLP Select prior experience ⚫ Senior Managing Director, Blackstone ⚫ Independent Director - Infosys and JSW Steel, among others Chief Strategy Officer – Tata Sons Select prior experience ⚫ Managing director in Global Investment Banking, DSP Merrill Lynch ⚫ Infosys Technologies Select prior experience ⚫ Retired from civil services as principal chief commissioner of income tax after serving for 35+ years Tata Sons representative Independent Directors MD & CEO Strong governance practices aimed at ensuring resilience Nagaraj IjariPunita Kumar Sinha Independent DirectorIndependent Director Ankur Verma Additional & Non-Executive Director Geetha Ravichandran Additional & Independent Director Select prior experience ⚫ Associated with State Bank of India for 34 years ⚫ Deputy Managing Director (Corporate Accounts Group), SBI Select prior experience ⚫ Executive Director, Board of ICICI Bank ⚫ Chairman, ICICI Home Finance Company ⚫ Board, ICICI Prudential Life Insurance Company ⚫ Partner, True North Managers Executive Director, Group CFO – Tata Sons Select prior experience ⚫ Chief Strategy Officer, Corporate Strategy & Business Development cell with Aditya Birla Management Corporation ⚫ Head, Corporate Advisory and Finance (South Asia and SEA) with Standard Chartered Bank Select prior experience ⚫ Associated with State Bank of India for 37 years ⚫ President and Chief Operating Officer and Whole Time Director in SBI Capital Markets Sujit Kumar VarmaRajiv Sabharwal Independent DirectorManaging Director & CEO Saurabh Agrawal Chairman & Non-Executive Director Ramanathan Viswanathan Independent Director Distinguished Board
Page 55
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 55 Experienced Management Team Manish Chourasia Chief Operating Officer - Corporate & Cleantech Finance Neeraj Dhawan Chief Operating Officer - Motor Finance and DSMG Narendra Kamath Chief Operating Officer - SME Finance Vivek Chopra Chief Operating Officer - Retail Finance Abonty Banerjee Chief Operating Officer – IT, Digital, Operations & Marketing Rakesh Bhatia Chief Financial Officer • American Express • IDBI Bank • Board, International Asset Reconstruction Kiran Joshi Head – Treasury Avijit Bhattacharya Chief Human Resource Officer Sandeep Tripathy Head of Strategy & Investor Relations Nitin Dharma Chief Risk Officer Sarita Kamath Chief Legal and Compliance Officer & Company Secretary Saurav Basu CBO – Wealth & Advisory Business Abha Sarda Chief Internal Auditor Dedicated management team instrumental in driving sustainable growth Rajiv Sabharwal Managing Director and CEO • ED, Board of ICICI Bank • Board, ICICI Prudential Life Insurance Company • Chairman, ICICI Home Finance • Partner, True North Managers Select prior experience: (36 yrs) • ICICI Bank • Tata Cleantech Capital • IL&FS Infra Asset Management Select prior experience: (31 yrs) • Jio Finance • ICICI Bank, HDFC Bank, CSB Bank, Yes Bank • GE Capital Transportation Select prior experience: (31 yrs) • Tata Motors Select prior experience: (28 yrs) • ICICI Bank Select prior experience: (26 yrs) • ICICI Bank • Ernst & Young Select prior experience: (30 yrs) Select prior experience: (30 yrs) • Tata Motors Finance • Tata Group companies • Tata Sons • Goldman Sachs (India) • ICICI Bank • Birla Global Asset Finance • Tata Services • Citibank, NA • Tata Capital Housing Finance • Times of India Group Sarosh Amaria Managing Director - TCHFL Select prior experience: (28 yrs) • Founding team member of Tata Capital (since 2007) Select prior experience: (32 yrs) Select prior experience: (17 yrs) Select prior experience: (29 yrs) Select prior experience: (25 yrs) Select prior experience: (27 yrs) Select prior experience: (21 yrs)Select prior experience: (35 yrs)
Page 56
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers Glossary and definitions
Page 57
COLOR PALETTE Text 50 56 62 Accent bar 25 97 172 ACCENT S 1 Bullets 25 97 172 146 191 239 2 221 220 14 248 248 152 3 177 177 177 224 224 224 4 91 155 213 189 215 238 5 112 173 71 197 224 180 6 126 215 247 203 239 252 Hyperlink 25 97 172 146 191 239 Followed Hyperlink 221 220 14 248 248 152 Lines 50 56 62 Highlights 25 97 172 TABL E 57 Term Definition Average cost of borrowings ratio Finance cost as a percentage of average total borrowings for the relevant fiscal / period. Tier I Computed from the standalone financial statements of the company, as tier I capital divided by total risk weighted assets, in accordance with relevant RBI guidelines as at the last day of the relevant fiscal / period. Capital risk adequacy ratio or CRAR Computed from the standalone financial statements of the company, TCHFL, as applicable, as the sum of CRAR - tier I and CRAR - tier II. Cost to income ratio Operating expenses as a percentage of net total income for the relevant fiscal / period. Credit cost ratio Credit cost as a percentage of average total net loans (annualized). Fee income Rental income, fees and commission income, net gain on derecognition of financial instruments and other income as reported in the restated consolidated financial information for the relevant fiscal / period. Gross stage 3 loans Total gross loans which are more than 90 DPD from their contractual payments or as prescribed by applicable regulations and includes Purchased or Originated Credit Impaired Loans (POCI). Gross stage 3 loans ratio Ratio of gross stage 3 loans as a percentage of total gross loans as at the last day of the relevant fiscal / period. Investment income Dividend income, net gain on fair value changes and net gain on derecognition of associates as reported in the restated consolidated financial information for the relevant fiscal / period. Net stage 3 loans Gross stage 3 loans as reduced by impairment loan allowances provided on gross stage 3 loans as at the last day of the specified fiscal / period. Net stage 3 loans ratio Gross stage 3 loans as reduced by impairment allowances provided on gross stage 3 loans as a percentage of total gross loans as reduced by impairment allowances provided on gross stage 3 loans as at the last day of the relevant fiscal / period. Net total income Total income reduced by finance cost for the relevant fiscal / period. Operating expenses ratio Operating expenses as a percentage of average total net loans. Provision coverage ratio or PCR Impairment allowances provided on gross stage 3 loans as a percentage of gross stage 3 loans as at the last day of the releva nt fiscal / period. Return on assets or ROA Profit after tax as a percentage of average total net loans. Return on equity or ROE Profit after tax as a percentage of average total equity. Total equity Equity attributable to owners of the company reduced by instruments entirely equity in nature as reported in the restated consolidated financial information as at the last day of the relevant fiscal / period. Total gross loans Total net loans adjusted for unamortised loan sourcing fees, unamortised loan sourcing costs and impairment allowances as at the last day of the relevant fiscal / period. Definition of Key Terms