Slides
Page 1
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Q2FY27 Investor Presentation 27 October 2026
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 • Loan book crossed ₹ 3 Lakh Cr milestone • Customer franchise at 9.2mn, with ~0.4mn customers added during Q2FY27 • Net AUM grew 26% YoY | Excl. Motor Finance 32% YoY growth • Retail + SME contribution remains stable at 85.4% of Net AUM • PAT grew 51% YoY to ₹ 1,660 Cr • Operating efficiency continued to improve (C/I at 35.3% vs. 39.7% in Q2FY26) • Asset quality remained stable o Annualized credit cost at 0.9% (vs 1.3% in Q2FY26, 1.0% in Q1FY27) o GNPA at 1.9% in Q2FY27 (vs. 2.2% in Q2FY26 and 1.9% in Q1FY27) o NNPA at 0.8% in Q2FY27 (vs. 1.1% in Q2FY26 and 0.8% in Q1FY27) • Annualized ROA 2.3% (vs. 1.9% in Q2FY26) | Excl. Motor Finance 2.5% ROA • Annualized ROE 14.0% (vs. 13.0% in Q2FY26) Q2FY27 Performance Highlights Executive Summary – Q2FY27 Performance Update (1/3) Key Figures 2.3% Cost to avg assets Q2FY26 2.6% Q1FY27 2.4% 35.3% Cost to income Q2FY26 39.7% Q1FY27 36.4% ₹ 3,08,030 Cr AUM 26.3% YoY 6.0% QoQ ₹ 1,660 Cr PAT 51.3% YoY 7.3% QoQ 0.9% Credit Cost Q2FY26 1.3% Q1FY27 1.0% 2.3% RoA Q2FY26 1.9% Q1FY27 2.3%
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 Executive Summary – Q2FY27 Performance Update (2/3) Scale ⚫ AUM at ₹ 3,08,030cr (up 26% YoY | up 6% QoQ). Excluding Motor Finance, AUM at ₹ 2,84,439cr (up 32% YoY | up 7% QoQ) ⚫ Net AUM addition in Q2FY27 ₹ 17,528cr QoQ ⚫ Retail + SME constitute 85.4% of Net AUM ⚫ Unsecured Retail loans form 10.4% of Net AUM Profitability ⚫ PAT for Q2FY27 ₹ 1,660cr (up 51% YoY | up 7% QoQ) ⚫ Annualized ROA for Q2FY27 at 2.3% (vs. 1.9% in Q2FY26). Excluding Motor Finance, ROA at 2.5% (vs. 2.2% in Q2FY26) ⚫ Annualized ROE for Q2FY27 at 14.0% (vs. 13.0% in Q2FY26) Asset quality ⚫ Annualized credit cost at 0.9% in Q2FY27 (vs 1.3% in Q2FY26, 1.0% in Q1FY27) ⚫ GNPA at 1.9% in Q2FY27 (vs. 2.2% in Q2FY26 and 1.9% in Q1FY27) ⚫ NNPA at 0.8% in Q2FY27 (vs. 1.1% in Q2FY26 and 0.8% in Q1FY27)
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 Executive Summary – Q2FY27 Performance Update (3/3) Operating efficiency ⚫ Net interest income at ₹ 3,696cr (up 23% YoY) ⚫ Cost to average assets improved to 2.3% (vs. 2.6% in Q2FY26). Cost to income ratio at 35.3% (vs. 39.7% in Q2FY26) ⚫ On-roll employees count stood at 31,655. Manpower grew at 6% YoY vs AUM growth of 26% YoY Distribution ⚫ 1,515 branch locations across 26 states and union territories ⚫ Combining physical presence with end-to-end digital capabilities, providing Phygital network ⚫ As of Sep-26, our customer franchise stood at 9.2mn Liability and Networth ⚫ Total equity as of Sep-26 at ₹ 47,778cr ⚫ Total Borrowings as of Sep-26 at ₹ 2,60,846cr. Total Borrowings to Total Equity ratio at 5.5x ⚫ In Q2FY27, Average Cost of Borrowings was at 7.3% (higher by 5bps sequentially) ⚫ Liquidity buffer of ₹ 36,398cr as of Sep-26 on consolidated basis
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 Tata Securities Ltd. Tata Capital Pte. Ltd. (Singapore) 100% 100% 100% Tata Capital Housing Finance Ltd. (“TCHFL”) Group 85.4% 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 ~₹ 3.1tn Net AUM as of Sep 30, 2026 Retail & SME form 85.4% of Net AUM 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 1,169 1,579 2,305 2,773 2,905 3,080 2007 2017 2018 2022 2023 2024 2025 2026 Jun-26 Sep-26 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 Sep-26 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 Credit rating upgrade (domestic) from AA+ to AAA(1) Commenced lending operations Net AUM (₹ bn) Crossed ₹ 2tn mark in terms of loan book TMFL merged into TCL Our Journey – Building a Diversified Retail and SME Focused Book Successfully listed on NSE and BSE in Oct-25 Announced acquisition of ~88.6% stake in Yogloans (Entry into Gold Loans) Note: Net AUM 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. Crossed ₹ 3tn mark in terms of loan book
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 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 FY26 (ex-TMFL) FY26 Assets under management (net) 59,480 74,710 75,096 73,935 90,337 1,16,944 1,57,875 1,96,942 2,30,455 2,51,885 2,77,275 Total Gross loans 60,442 75,964 77,070 76,380 93,315 1,20,197 1,61,231 1,98,164 2,26,553 2,50,066 2,73,392 Total Net loans 58,521 74,104 74,681 73,626 90,120 1,16,789 1,57,761 1,94,518 2,21,950 2,45,932 2,68,203 Total Income 6,784 9,205 9,791 9,985 10,307 12,918 18,198 23,205 28,008 28,124 31,583 Finance Cost 3,882 5,188 5,771 5,213 4,889 6,601 9,568 12,598 15,030 14,258 15,985 Net Total Income 2,902 4,017 4,020 4,772 5,417 6,317 8,630 10,607 12,978 13,866 15,597 Operating expenses 1,519 1,993 1,803 1,704 2,101 2,665 3,624 4,249 5,404 4,932 5,973 Pre-provisioning operating profit 1,383 2,024 2,217 3,068 3,316 3,652 5,006 6,358 7,574 8,934 9,624 Credit cost 338 665 1,581 1,450 1,078 582 602 1,530 2,806 2,311 3,023 Profits before tax 1,045 1,358 636 1,618 2,238 3,070 4,404 4,828 4,768 6,624 6,602 PAT (excl. non-recurring income)(1) 605 780 296 1,126 1,688 2,317 3,150 3,589 3,542 4,896 4,879 Non recurring income (PAT impact) - - - - - 712 - 123 123 (27) (33) Profits after tax (PAT) 605 780 296 1,126 1,688 3,029 3,150 3,712 3,665 4,869 4,846 Ratios FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (ex-TMFL) FY25 FY26 (ex-TMFL) FY26 Cost to income 52.3% 49.6% 44.8% 35.7% 38.8% 42.2% 42.0% 40.1% 41.6% 35.6% 38.3% Cost to Average Assets 2.8% 2.9% 2.4% 2.3% 2.6% 2.6% 2.6% 2.4% 2.6% 2.2% 2.4% Credit cost 0.6% 1.0% 2.1% 2.0% 1.3% 0.6% 0.4% 0.9% 1.4% 1.0% 1.2% GNPA 2.4% 1.7% 1.9% 2.5% 1.9% 1.7% 1.5% 1.5% 1.9% 1.5% 2.0% NNPA 0.4% 0.4% 0.6% 0.9% 0.6% 0.4% 0.4% 0.5% 0.8% 0.5% 0.9% PCR 83.6% 79.7% 71.8% 65.4% 71.0% 77.1% 70.7% 65.8% 58.5% 65.1% 56.2% Return on Assets (2-point average) 1.1% 1.1% 0.4% 1.5% 2.1% 2.2% 2.3% 2.0% 1.7% 2.2% 2.0% Return on Assets (Daily average) 1.1% 1.2% 0.4% 1.6% 2.2% 2.3% 2.4% 2.1% 1.8% 2.3% 2.1% Return on Equity (2-point average) 15.3% 13.2% 3.6% 12.0% 15.3% 15.8% 15.5% 13.8% 12.3% 14.3% 12.9% Return on Equity (Daily average) 15.6% 13.9% 3.7% 12.2% 16.0% 17.9% 17.6% 14.7% 12.7% 14.4% 13.0% Basic EPS (Rs.) 2.1 2.6 0.9 3.2 4.7 8.4 8.6 9.4 9.3 ~ 11.8 Note: (1) Adjusted for non-recurring income and expenses largely attributed to Investment, PE exit and new labour codes.
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 1,515 Mar-23 Sep-26 In-house sales supported by External Partner ecosystem Pan-India “Phygital” Distribution Model 26 States and UTs 1,094 Locations 1,515 Branches Branch network # of branches 2.8x Significant addition Leveraging geo-analytics to identify high potential areas with focus on deeper markets In-house sales team 22,189 DSAs 35K+ Phygital ecosystem (Digital presence through app & website) 173 Lakh+ Mobile app downloads(1) 65 Lakh+ Monthly website traffic(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 175 10 5 20 144 3 55 99 65 103 4 109 21 4034 47 17 121 171 3 195 17 35 19 2 Tripura1 Note: All values are for Q2 FY27 / as of Sep 30, 2026, unless specified otherwise; (1) Includes Corporate, Retail and Motor Finance app downloads; (2) During the period Apr-26 to Sep-26.
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 25+ lending products – comprehensive suite High-margin retail(1) products constitute ~25% of Net AUM Organic book ~99% Granular(2) ~99% Retail : SME : Corporate 56.7% : 28.7% : 14.6% TCHFL - one of the largest HFCs with best- in-class return profile Home loans 15.6% Loan against property 14.2% Personal / Business loans 9.1% Motor Finance 7.7%CEQ/TW 4.8% Other Retail loans 5.3% SME 28.7% Corporate 14.6% Retail 56.7% Note: All values are as of Sep 30, 2026; HFCs: Housing finance companies; Other Retail loans include education loan, microfinance, loan against securities, and car loans. (1) High margin retail products include personal loans, business loans, microfinance loans, Affordable / Micro HL and LAP, Two-wheeler loans, and Vehicle finance. (2) Loans with ticket size < ₹ 10mn. Net AUM: ₹ 3,08,030 cr
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 Net AUM Particulars Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Retail (excl. Motor Finance) 1,18,185 1,23,035 1,29,352 1,36,280 1,43,035 1,51,077 49.8% 50.4% 49.6% 49.1% 49.2% 49.0% Home loans 39,989 41,096 42,606 44,203 46,052 48,163 16.8% 16.8% 16.3% 15.9% 15.9% 15.6% Loan against property 30,964 33,578 36,193 38,812 41,250 43,617 13.0% 13.8% 13.9% 14.0% 14.2% 14.2% Personal / Business loans 23,132 23,373 24,019 25,053 26,202 28,076 9.7% 9.6% 9.2% 9.0% 9.0% 9.1% CEQ / Two-Wheeler 12,508 12,842 13,627 14,129 14,351 14,758 5.3% 5.3% 5.2% 5.1% 4.9% 4.8% Other Retail loans 11,592 12,145 12,908 14,083 15,181 16,464 4.9% 5.0% 5.0% 5.1% 5.2% 5.3% SME 60,132 64,099 70,549 75,965 80,567 88,500 25.3% 26.3% 27.1% 27.4% 27.7% 28.7% Corporate 28,818 28,441 34,213 39,640 42,456 44,862 12.1% 11.7% 13.1% 14.3% 14.6% 14.6% Total (excl. Motor Finance) 2,07,134 2,15,574 2,34,114 2,51,885 2,66,057 2,84,439 87.2% 88.4% 89.8% 90.8% 91.6% 92.3% Motor Finance 30,374 28,322 26,584 25,390 24,445 23,591 12.8% 11.6% 10.2% 9.2% 8.4% 7.7% Total (incl. Motor Finance) 2,37,508 2,43,896 2,60,698 2,77,275 2,90,502 3,08,030 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Note: Other Retail loans include education loan, microfinance, loan against securities, and car loans. Motor Finance business includes commercial vehicle, portion of car loans, and portion of 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 Net AUM (₹ cr) % share in Net AUM YoY growth (%) Average ticket size (₹ lakh) Home loans Loans to salaried and self-employed individuals through TCHFL (51% of Net AUM to salaried individuals) 48,163 15.6% 17.2% 33.2 Loan against property Secured loans largely to salaried and self-employed individuals to finance personal or business expenditures 43,617 14.2% 29.9% 36.8 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 23,131 7.5% (15.4)% 16.4 Personal loans Unsecured personal loans to individuals, primarily salaried individuals 17,020 5.5% 19.4% 4.0 Business loans Loans for working capital, asset acquisitions, business growth, establishment of new businesses or ancillary units 11,056 3.6% 21.2% 13.0 Two-wheeler loans Loans to salaried and self-employed individuals 8,690 2.8% 23.7% 1.1 Construction equipment loans Loans to individual operators, fleet operators to finance the purchase of construction equipment and machinery 6,068 2.0% 4.3% 84.9 Car loans Loans to salaried and self-employed individuals for the purchase of new / pre-owned passenger cars 6,775 2.2% 17.7% 6.3 Loan against securities Loans secured by pledge of the borrowers’ invested securities 6,087 2.0% 40.0% 70.1 Microfinance loans Loans under the joint liability group model to women from low- income groups 2,856 0.9% 33.9% 0.6 Education Loans Student loans for higher education at institutions in India and overseas 1,081 0.4% 79.7% 36.7 Retail products Product Offerings – Retail Note: All values are as of Sep 30, 2026, unless specified otherwise.
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 Product Offerings – SME & Corporate 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 • SME Average ticket size (₹ cr) : 2.8 Equipment finance • Financing of equipment ranging from heavy machinery to office equipment • SME Average ticket size (₹ cr) : 1.7 Leasing solutions • Solutions tailored to SMEs & corporates for multiple categories of assets, such as cars, IT assets, CV/CEs, plant and machinery, electric vehicles etc • SME Average ticket size (₹ cr) : 24.6 Term loans • Loans typically to fund brownfield and greenfield projects, capital investments such as machinery, working capital requirements or other general purposes • Average ticket size (₹ cr) : 39.6 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) • Average ticket size (₹ cr) : 80.4 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) • Average ticket size (₹ cr) : 172.7 Note: All values are as of Sep 30, 2026, unless specified otherwise.
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 Disbursements growth YoY AUM growth YoY Scaling High-Margin Retail Products Particulars Q2FY27 Q2FY27 vs Q2FY26 Q2FY27 vs Q2FY26 Personal loans 14 – 15% 68% 19% Business loans 17 – 18% 35% 21% Microfinance loans ~25% 34% 34% Affordable & Micro HL and LAP(1) Affordable 11 – 12% Micro 15 – 16% 23% 26% Two-wheeler loans ~20% 35% 24% Vehicle finance 14 – 15% 26% (7)% Total 40% 14% Disbursal IRR • Scaled up disbursements for unsecured products from Q1FY26 after addressing delinquency trends in PL and MFI • Secured portfolio through government schemes (CGTMSE, CGFMU) • Disbursals for high margin products grew by 40% YoY in Q2FY27, while AUM grew by 14% • Book growth expected to catch up with disbursal growth subsequently (YoY growth increased from 5% in Q3FY26 to 14% in Q2FY27) Note: Vehicle Finance includes ILMSCV (Intermediate, Light, Medium & Small Commercial Vehicles), Used CV and Used car loans; CGTMSE: Credit Guarantee Fund Trust for Micro and Small Enterprises; CGFMU: Credit Guarantee Fund for Micro Units. (1) Represents Affordable and Micro LAP businesses in TCL and TCHFL. AUM growth YoY over time 5% 8% 10% 14% Q3FY26 Q4FY26 Q1FY27 Q2FY27
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 Distribution of Insurance ⚫ Holds corporate agent (composite) license from IRDAI for the distribution of life, general and health insurance products 8.8mn+ 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 ₹ 9,239cr Raised across domestic funds and offshore funds ⚫ Planning to launch Decarbonization Fund 55 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 ₹ 8,238cr AUM 22% CAGR (Mar-23 to Sep-26) Scale Growth Non-Lending Businesses Note: All values are as of Sep 30, 2026.
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 Particulars (₹ crores) Q2FY26 Q1FY27 Q2FY27 YoY growth H1FY26 H1FY27 YoY growth FY26 Assets under management (net) 2,43,896 2,90,502 3,08,030 26% 2,43,896 3,08,030 26% 2,77,275 Total Gross loans 2,39,960 2,86,381 3,03,739 27% 2,39,960 3,03,739 27% 2,73,392 Total Net loans 2,34,991 2,81,083 2,98,217 27% 2,34,991 2,98,217 27% 2,68,203 Net interest income 3,006 3,571 3,696 23% 5,872 7,267 24% 12,667 Fee income(2) 663 692 725 9% 1,239 1,417 14% 2,608 Investment income 105 193 255 143% 289 447 55% 323 Net total income 3,774 4,455 4,676 24% 7,400 9,132 23% 15,597 Operating expense(2) 1,497 1,621 1,651 10% 2,832 3,271 16% 5,973 Pre-provisioning operating profit 2,277 2,835 3,025 33% 4,568 5,860 28% 9,624 Loan losses and provisions 773 676 645 (17)% 1,682 1,321 (21)% 3,023 Profit before tax 1,504 2,159 2,380 58% 2,886 4,539 57% 6,602 Profit after tax (excl. non-recurring items) 1,097 1,547 1,660 51% 2,087 3,207 54% 4,879 Non-recurring items (PAT impact)(1) - - - ~ - - ~ (33) Profit after taxes (attributable to owners of the company) 1,097 1,547 1,660 51% 2,087 3,207 54% 4,846 Ratios(2) Annualized operating expense on average net loan book 2.6% 2.4% 2.3% 2.5% 2.3% 2.4% Cost to income ratio 39.7% 36.4% 35.3% 38.3% 35.8% 38.3% Annualized credit cost on average net loan book 1.3% 1.0% 0.9% 1.5% 0.9% 1.2% Annualized Return on average net loan book 1.9% 2.3% 2.3% 1.8% 2.3% 2.0% Annualized Return on average equity 13.0% 13.7% 14.0% 12.6% 13.8% 12.9% Note: (1) Reflects impact of new labour codes. (2) Figures represented excluding the impact of non-recurring items.
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 (₹ crores) 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 30-Sep-26 Total Gross loans 2,39,960 2,57,140 2,73,392 2,86,381 3,03,739 (Of which GS2) 4,544 4,243 3,621 3,633 3,545 (Of which GS3) 5,369 5,747 5,541 5,494 5,723 Total Provisions 4,780 5,040 5,080 5,148 5,350 Gross loan mix Gross Stage 1 95.9% 96.2% 96.7% 96.8% 96.9% Gross Stage 2 1.9% 1.6% 1.3% 1.3% 1.2% Gross Stage 3 2.2% 2.2% 2.0% 1.9% 1.9% Provision coverage Stage 1 0.6% 0.6% 0.6% 0.6% 0.5% Stage 2 12.2% 11.6% 11.6% 11.7% 13.0% Stage 3 52.8% 53.6% 56.2% 56.9% 58.6% Overall 2.0% 2.0% 1.9% 1.8% 1.8% Net loan mix Net Stage 1 97.2% 97.5% 97.9% 98.1% 98.2% Net Stage 2 1.7% 1.5% 1.2% 1.1% 1.0% Net Stage 3 1.1% 1.0% 0.9% 0.8% 0.8%
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 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Retail (excl. Motor Finance) 2.4% 2.5% 2.4% 2.3% 2.2% 0.9% 0.9% 0.9% 0.8% 0.7% 63.0% 63.2% 63.8% 65.2% 68.2% Home loans 0.7% 0.8% 0.7% 0.7% 0.7% 0.4% 0.4% 0.4% 0.3% 0.3% 50.0% 48.0% 49.1% 49.7% 51.2% Loan against property 1.4% 1.3% 1.3% 1.3% 1.2% 0.6% 0.6% 0.6% 0.6% 0.6% 54.7% 55.4% 54.5% 54.6% 54.9% Personal / Business loans 5.7% 5.8% 5.6% 5.4% 5.3% 1.8% 1.8% 1.7% 1.6% 1.2% 70.3% 70.8% 70.9% 72.4% 77.4% CEQ / Two-Wheeler 3.4% 3.5% 3.2% 3.2% 3.2% 1.7% 1.7% 1.4% 1.3% 1.4% 51.8% 53.6% 56.3% 60.2% 57.3% Other Retail loans 3.3% 3.7% 3.1% 3.0% 2.7% 1.1% 1.3% 1.0% 1.0% 0.7% 67.6% 66.6% 67.4% 67.6% 73.2% SME 0.7% 0.6% 0.6% 0.6% 0.5% 0.2% 0.2% 0.2% 0.2% 0.1% 69.7% 71.2% 71.3% 71.6% 72.4% Corporate 0.2% 0.2% 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 71.1% 85.0% 94.4% 95.8% 97.9% Total (excl. Motor Finance) 1.6% 1.6% 1.5% 1.4% 1.3% 0.6% 0.6% 0.5% 0.5% 0.4% 64.0% 64.5% 65.1% 66.5% 69.2% Motor Finance 7.7% 8.4% 8.0% 7.9% 8.7% 5.3% 5.8% 5.1% 5.1% 5.6% 32.3% 33.4% 38.8% 37.0% 37.7% Total (incl. Motor Finance) 2.2% 2.2% 2.0% 1.9% 1.9% 1.1% 1.0% 0.9% 0.8% 0.8% 52.8% 53.6% 56.2% 56.9% 58.6% Provision CoverageNet Stage 3Gross Stage 3 Asset Quality Update (2/3) Note: Other Retail loans include education loan, microfinance, loan against securities, and car loans.; Motor Finance business includes commercial vehicle, portion of car loans, and portion of 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 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Home Loan 99.9% 99.9% 99.8% 99.8% 99.8% 99.9% 99.9% 99.9% 99.9% 99.9% 99.9% 99.8% 99.9% 99.9% 99.8% Loan Against Property 99.6% 99.7% 99.7% 99.7% 99.7% 99.7% 99.8% 99.8% 99.8% 99.7% 99.7% 99.7% 99.8% 99.8% 99.8% Personal Loan 99.2% 99.2% 99.1% 99.2% 99.3% 99.3% 99.3% 99.3% 99.5% 99.3% 99.4% 99.3% 99.5% 99.4% 99.5% Business Loan 99.3% 99.2% 99.2% 99.3% 99.2% 99.4% 99.4% 99.4% 99.5% 99.2% 99.4% 99.4% 99.5% 99.4% 99.5% Two-wheeler 98.4% 98.8% 98.7% 98.9% 99.1% 99.2% 99.2% 99.2% 99.2% 99.0% 99.0% 99.0% 99.1% 98.9% 98.8% Used Car Loans 99.0% 99.0% 99.0% 99.0% 99.1% 99.2% 99.2% 99.1% 99.3% 99.0% 99.1% 99.1% 99.2% 99.1% 99.2% Asset Quality Update – Collection Efficiency (3/3) Note: 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 PBT 26,384 Cr 127 Cr FY19 24,855 Cr 478 Cr FY21 28,604 Cr 760 Cr FY22 36,995 Cr 1,101 Cr FY23 51,455 Cr 1,539 Cr FY24 67,252 Cr 2,013 Cr FY25 FY 22 – H1 FY27 : CAGR 31% FY 22 – FY26 : CAGR 34% • 26% YoY growth in Net AUM (₹ 95,098 Cr) • 26% YoY growth in PAT at (₹ 552 Cr) • Best-in-class asset quality with Annualized Credit Cost at 0.1% • GNPA at 0.7% | NNPA at 0.3% • Annualized ROA 2.5% (vs. 2.4% in Q2FY26) • Branches increased from 57 in Mar-19 to ~370 in Sep-26 • Expanded Affordable & Micro Housing footprint by 23 locations (vs. Q1FY27) • Granular book – ATS at ₹ 32 Lakh for Retail and ₹ 80 Cr for Developer Finance • Among the top originators in Affordable Home Loans • Home loans Salaried and Self-Employed customer mix: 50% : 50% • Sourcing mix: 63% direct and 37% DSA FY26 86,653 Cr 2,457 Cr(1) Tata Capital Housing Finance Limited (TCHFL) Overview Note: (1) FY26 figures exclude impact of new labour codes. ₹ 95,098 Cr AUM 26% YoY | 6% QoQ ₹ 552 Cr PAT 26% YoY | 4% QoQ 30.0% Cost to Income Q2FY26 32.9% | Q1FY27 30.0% 2.5% ROA Q2FY26 2.4% | Q1FY27 2.5% 0.3% Net NPA Q2FY26 0.3% | Q1FY27 0.3% 18.0% ROE Q2FY26 18.5% | Q1FY27 18.4% TCHFL Q2FY27 Performance Summary H1FY27 95,098 Cr 1,454 Cr 27,074 Cr 255 Cr FY20
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 40% 21% 21% 18%1% 37,797cr 16,810 cr 19,598cr 19,530cr 1,363 Cr TCHFL Portfolio Overview • 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 ₹ 18lakhs 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 ₹ 80cr Developer Finance (DF) • Catering to Salaried & SENP customers • Presence in Metro, Tier 1 & 2 cities • Granular Book with ATS of ₹ 42lakhs Prime and Near Prime Home Loans • Catering to Metro, Tier 1 & 2 cities • Granular Book with ATS of ₹ 29lakhs • Overall LAP ₹ 27,337cr : • ₹ 19,530cr prime LAP • ₹ 7,807cr part of Affordable LAP Loan Against Property Prime & Near Prime HL Prime LAP DFAHF MH Note: MH – Micro housing; SENP – Self-employed non-professional; ATS – Average ticket size; LAP – Loan against property. Q2FY27 Net AUM ₹ 95,098cr
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 TCHFL – Financial Performance Summary Note: (1) Reflects impact of new labour codes. (2) Figures represented excluding the impact of non-recurring items. Particulars (₹ crores) Q2FY26 Q1FY27 Q2FY27 YoY growth H1FY26 H1FY27 YoY growth FY26 Assets under management (net) 75,636 89,416 95,098 26% 75,636 95,098 26% 86,653 Total Gross loans 74,350 86,743 91,181 23% 74,350 91,181 23% 84,439 Total Net loans 73,774 86,145 90,574 23% 73,774 90,574 23% 83,808 Net interest income 696 843 852 22% 1,370 1,695 24% 2,956 Fee income(2) 178 180 232 30% 312 413 32% 657 Investment income 24 10 5 ~ 44 15 ~ 63 Net total income 898 1,033 1,089 21% 1,726 2,123 23% 3,676 Operating expense 295 310 327 11% 548 638 16% 1,144 Pre-provisioning operating profit 603 723 762 26% 1,178 1,485 26% 2,533 Loan losses and provisions 13 10 21 62% 36 31 (15)% 76 Profit before tax 590 713 741 26% 1,142 1,454 27% 2,457 Profit after tax (excl. non-recurring items) 440 532 552 26% 852 1,084 27% 1,842 Non-recurring items (PAT impact)(1) - - - ~ - - ~ (6) Profit after taxes (attributable to owners of the company) 440 532 552 26% 852 1,084 27% 1,836 Ratios(2) Annualized operating expense on average net loan book 1.6% 1.5% 1.5% 1.6% 1.5% 1.5% Cost to income ratio 32.9% 30.0% 30.0% 31.7% 30.0% 31.1% Annualized credit cost on average net loan book 0.1% 0.05% 0.1% 0.1% 0.1% 0.1% Annualized Return on average net loan book 2.4% 2.5% 2.5% 2.4% 2.5% 2.5% Annualized Return on average equity 18.5% 18.4% 18.0% 18.4% 18.2% 18.3%
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 Net AUM mix (Sep-26) Motor Finance Business Overview Realigning portfolio mix to improve granularity, book yield, and asset quality One of India’s leading vehicle financiers Workforce Disbursement Extensive network Net AUM Customers served Dealer touchpoints ₹ 2,383 Cr 392 ₹ 23,591 Cr 2.5mn+ 1,050+ Q4FY26: ₹ 2,627 Cr | Q1FY27: ₹ 2,027 Cr 4,375 Q4FY25: 6,351 | Q1FY27: 4,590 Note: All values are as of Sep 30, 2026 or Q2FY27, unless specified otherwise; ILMSCV – Intermediate, Light, Medium & Small Commercial Vehicles; HCV – Heavy Commercial Vehicles. HCV-New 40% ILMSCV 25% Used Vehicle 32% Others 3% Net AUM movement Consolidating loan book in line with strategy to improve business metrics Between Mar-25 and Sep-26, Net AUM lower by ₹ 9,922 Cr 30,374 Net AUM ₹ Cr 24,445 3,139 2,052 1,738 1,193 945 854 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 28,322 26,584 25,390 Net AUM depletion quarter-on-quarter (₹ Cr) 7.7% 12.8%% mix (AUM) 23,591
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 597 dealers in last fifteen months • Pivoting towards Used business and within New, focusing on ILMSCV • Used vehicle disbursement – prioritizing granularity • All liabilities have been repriced • Tata Motors Finance acquisition completed on May 8, 2025. Transformation progressing as planned amid a closely monitored CV cycle. Key Drivers Updates • Change in product mix • Liability optimization Motor Finance Business Update Note: ILMSCV – Intermediate, Light, Medium & Small Commercial Vehicles; HCV – Heavy Commercial Vehicles. • Rationalized over 100 branches with current network of 392 branches • Rolled out Motor Finance products in 139 TCL branches since Mar-25 • Optimized manpower (current employee strength at 4,375 vs. 6,351 in Mar-25) • Cost reduction • IT integration with TCL is completed• IT systems Disbursements Q4FY25 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Non-Tata OEM contribution 0% 13% 19% 26% 28% 30% Disbursement mix Q4FY25 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Used proportion 42% 47% 40% 40% 40% 39% HCV new 37% 29% 30% 31% 30% 31% ILMSCV new 16% 23% 28% 27% 28% 28%
Page 31
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers Liability & Asset Profile
Page 32
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 32 Diversified & Stable Liability Profile 8% 7% 6% 4% 5% 6% 5% 4% 4% 4% 4% 4% 4% 4% 4% 3% 24% 30% 27% 31% 34% 38% 43% 41% 41% 39% 38% 36% 35% 40% 40% 39% 1% 4% 5% 5% 6% 7% 8% 9% 9% 11% 12% 12% 12% 12% 11% 12%34% 36% 42% 41% 39% 35% 30% 31% 31% 30% 34% 35% 33% 32% 33% 35%5% 6% 7% 7% 5% 5% 4% 4% 4% 4% 4% 4% 4% 3% 3% 3%27% 19% 13% 13% 11% 10% 10% 10% 10% 12% 8% 9% 12% 9% 8% 9% 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 2,19,870 2,35,977 2,45,487 2,60,846 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 NHB Bank Loans ECB/ MTN NCD Tier II/ Perpetual CP/ WCDL Diversified Funding Sources (Total Borrowings) ₹ 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 Average Cost of Borrowings Note: NHB: National Housing Bank, ECB: External commercial borrowing, MTN: Medium term note, NCD: Non-convertible debenture, CP: Commercial paper, WCDL: Working capital demand loan. 8.3% 8.1% 7.4% 6.3% 6.6% 7.3% 7.8% 7.8% 7.8% 7.9% 7.8% 7.4% 7.2% 7.1% 7.3% 7.3% 8.1% 8.1% 8.1% 8.1% 7.9% 7.7% 7.5% 7.4% 7.4% 7.4% FY19 FY20 FY21 FY22 FY23 FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Two-point average Daily average
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 Key Ratios 16.5% 16.4% 16.2% 16.8% 16.5% 17.2% 20.2% 19.0% 18.5% 17.3% 11.6% 12.0% 12.0% 12.7% 12.7% 13.7% 16.8% 15.9% 15.6% 14.7% 4.9% 4.3% 4.1% 4.1% 3.8% 3.6% 3.4% 3.1% 2.9% 2.6% 6.8x 6.9x 6.8x 6.7x 6.6x 6.1x 5.1x 5.3x 5.3x 5.5x Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Total CRAR Tier-I Tier-II Regulatory CRAR Total Borrowings to Total Equity 15% Note: CRAR, Tier-I, and Tier-II for TCL Standalone; Total Borrowings to Total Equity ratio for TCL Consolidated. The figures / ratios in the previous year / period have been regrouped wherever necessary, in order to make them comparable to the current year / period.
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 12% 13% 16% 21% 26% 34% 47% 68% 82% 100% 2% 3% 5% 10% 14% 25% 39% 70% 79% 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 Cumulative Inflows (%) Cumulative Outflows (%) Cumulative Surplus / (Gap) (%) ALM Bucketing (Standalone) Cumulative Inflows & Outflows 10% 10% 11% 11% 11% 8% 8% (2)% 3% 0%
Page 35
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers Guidance
Page 36
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 36 FY28 Guidance AUM CAGR (FY25-28E) 23% – 25% Cost to income 33% – 34% Credit cost < 1.0% Net NPA < 1.0% PAT CAGR (FY25-28E) > 30% ROA 2.5% – 2.7% Return on Equity 17% – 18% Note: Same as indicated in Q2FY26 investor presentation.
Page 37
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Technological Capabilities
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 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 • Leveraging 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 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 Digital DNA Driving Impact Digitizing entire loan lifecycle to improve customer experience and create a seamless & efficient process Customers onboarded via digital platforms 99% Disbursements(1) via scorecards / BRE(2) 98% Collections via digital channels 99% Customer queries addressable digitally 98% Digital partnerships 180+ Profile checks, digital KYCs 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 Services for Retail 170+ Note: All values are for Q2 FY27 / as of Sep 30, 2026, unless specified otherwise stated. (1) In retail finance; (2) BRE – Business rule engine.
Page 40
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 40 Building an AI-First NBFC AI for Customer Engagement AI Platform & Infrastructure Building an AI-ready WorkforceAI for Document Intelligence AI-Powered Analytics Unified AI voice and interaction platform across sales, servicing and collections Higher customer reach | Faster query resolutions | Improved collection efficiency AI-powered extraction, validation and analysis of financial and operational documents Faster processing | Higher productivity | Improved quality and consistency Enterprise-wide AI learning and productivity enablement 12,000+ employees trained | 100% mid and senior management coverage | 9,000+ AI- assisted interviews in regional languages Enterprise AI platform enabling rapid deployment of AI use cases across businesses Hybrid cloud environment | Multi-model AI architecture | Enterprise governance and security AI-driven insights across acquisition, underwriting, servicing and collections ↑ Revenue growth opportunities | Better decision-making | Early risk identification and mitigation Scaling AI from individual use cases to enterprise-wide business transformation Outcomes - Faster Turnaround Time | Higher Productivity | Better Customer Experience | Lower Cost to Serve | Stronger Risk Monitoring
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 Learn AI Embedded Across the Lending Value Chain Customer Acquisition & Onboarding • AI-generated marketing content and campaign personalization • AI agents supporting customer acquisition and onboarding • Digital onboarding ecosystem Underwriting • Credit Intelligence and automated borrower assessment • AI-assisted financial analysis and ratio computation • Credit Decisioning and CAM generation Operations • Agentic workflows across Retail, SME and Corporate • Automated document validation, reconciliation, and exception handling • Touchless processing with human-in-the-loop oversight Portfolio Monitoring & Collections • AI-powered stock monitoring and audit workflows • Exception identification and portfolio monitoring • AI-assisted customer engagement and collections Services • AI agents supporting customer servicing interactions • Email Intelligence and response automation • Omnichannel servicing and query resolution
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 AI and Digital in Customer Acquisition and Onboarding Digital Process PL 2W Car loan HL Digital KYC adoption 99% 99% 82% 99% e-Mandate 98% 99% 95% 88% e-Agreement 97% 92% 85% 83% ▪ Enables paperless onboarding through Digital KYC, e- Mandates, e-Agreements and Account Aggregator integration ▪ 85%+ Account Aggregator penetration across retail products ▪ Supports sales and onboarding teams with product, policy and process guidance during customer onboarding ▪ 3 lakh employee interactions per month AI in Marketing AI-generated creatives | Multilingual AI interactions in 11 languages | Faster campaign creation and deployment Marketing creatives generated using AI 85-90% Video and Blogs made with AI 60% AI-enabled campaign communications 75-80% Digital Onboarding Ecosystem AI-Powered Sales & Onboarding Assistant AI in Onboarding Customer connects (Sep-26) 30 Lakh Call center PL sourcing through AI agents (Apr-26 to Sep-26) ~14%
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 in Underwriting Credit Intelligence Engine ▪ Extracts, classifies and validates data across financial and operational documents ▪ Compares information across bank statements, ITRs, bureau, KYC and financial documents ▪ Creates a unified credit-ready borrower view Credit Decisioning Engine ▪ Drafts CAMs using borrower, financial, banking and collateral information ▪ Computes key financial and credit ratios automatically ▪ Supports standardized and consistent credit assessment Note: CAM: Credit Assessment Memo; (1) Sep’26 vs before Q3FY26. 95%+ Adoption across PL and BL underwriting (Q2FY27) 39%+ Improvement in PL & BL processing TAT (Q2FY27) 30% Improvement in SME underwriting productivity(1) 120+ Document formats trained (till Sep-26) ~7.8 Cr Documents Processed through AI (till Sep-26) ✓ Standardized credit assessment ✓ Automated data comparison ✓ Exception-based review ✓ Faster decision-making ✓ AI-generated CAM with automated financial analysis, ratio computation and borrower profile summarization ✓ Consistent credit evaluation across cases
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 AI in Operations Retail SME Corporate Note: (1) Sep’26 vs before Q3FY26. 70% Retail application processed via AI (Q2FY27) 95%+ Adoption across BL, TW & MFI (Q2FY27) ~43% Productivity Gained(1) ~40% Improvement in processing TAT (Q2FY27) 28%+ Ops cost reduction per file(1) Agentic Operations Platform ▪ A unified AI agent platform that operates across Retail, SME and Corporate workflows ▪ Reads, classifies and validates documents and data irrespective of entry point ▪ Reconciles information across multiple sources and identifies inconsistencies ▪ Builds a case-ready file with minimal manual intervention ▪ Human effort focused on validation and approval rather than manual data entry ✓ Fewer manual touchpoints per case ✓ Standardized processing and consistent output quality ✓ Faster turnaround time ✓ Scalable operations without proportional headcount growth
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 AI in Services Agentic Voice Hub ▪ Handles welcome calls and service requests ▪ Account enquiries | EMI information ▪ Loan status updates | Self-service interactions ▪ Human steps in only as an exception Agentic Email Workflow ▪ Reads customer emails and identifies intent ▪ Drafts responses using AI-assisted agents ▪ Resolves routine requests | Escalates exceptions 95% Welcome calls through AI (till Sep-26) 70%+ Draft response via AI agents (Sep-26) ~75% Reduction in Servicing cost per call(1) 90%+ Email queries resolved on same day (Sep-26) ✓ Automated servicing ✓ Real-time query handling ✓ Omnichannel support ✓ AI-generated responses with human oversight ✓ Automated routing and prioritization ✓ Faster customer query resolution Note: (1) Sep’26 vs before Q3FY26.
Page 46
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 46 AI in Portfolio Monitoring and Collections Stock Monitoring ▪ Automates SME stock audit monitoring and workflow management ▪ AI-driven audit report analysis, exception identification and tracking ▪ Automated audit notifications, reminders and limit controls Collections ▪ Multilingual customer engagement across 11 languages ▪ Standardized and AI video-based communication ▪ Scalable collections with lower cost-to-collect ▪ Automated settlement workflows for faster resolution 100% Adoption across SME stock monitoring 95%+ Pre-delinquency calls handled through AI assisted bots (Q2FY27) 30% early bucket EMI collections through AI assisted bots (till Sep-26) 83% Stock audit TAT reduction per case (till Sep-26) ✓ Faster monitoring turnaround time ✓ End-to-end process automation ✓ Real-time monitoring dashboards ✓ Higher customer reach and engagement ✓ Efficient collection model ✓ Real-time performance visibility AI-driven monitoring and collections capabilities improving risk oversight, collections efficiency and operating leverage
Page 47
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers ESG Overview
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 Sustainability Initiatives – Commitments (1/3) Key Pillars of Sustainability Commitments Board Independence and Diversity 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 Leadership Commitments toward Sustainability Strong leadership accountability through robust oversight. Sustainability is governed under Risk Committee of the Board which has adopted a Sustainability Policy Sustainability-Focused Business ESG-aligned business strategies for sustainable growth - Cleantech Financing; Financial Inclusion; Affordable Housing, MF Loans Ethical Framework 100% of Employees trained in Tata Code of Conduct articulating values, ethics and business principles; POSH; Anti-Bribery and Anti-Corruption Policy; Whistleblower policy Strengthening Communities through Responsible Action Tata Capital’s robust CSR strategy focusses on uplifting communities, protecting environment, and fostering an equitable future. The role serves as a catalyst for sustainable development and inclusive growth
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 Sustainability Initiatives – Sustainability Indicators (2/3) A pioneer in Cleantech financing in the country, TCL has built a robust foundation to push the ESG agenda. Guided by our long term vision and unwavering commitment, we are embedding ESG considerations across our portfolio to power India’s ambition of achieving a low carbon future alongside inclusive economic growth Environmental KPIs Social KPIs Governance KPIs Published our maiden BRSR for FY26, marking a key milestone in our sustainability reporting journey The Tata Code of Conduct governs our integrity, trust and transparency AAA by Crisil, ICRA, CARE BBB by S&P Global 100% employees trained on Ethics, Anti-Bribery, etc 10% women in workforce 700+ Cleantech projects including 35 GW+ renewable capacity financed 600+ MF branches across the country 1.7 MWp solar capacity installed through CSR(1) 8 lakh+ Women empowered by MF Loans 50,000+ lakh litres of annual water harvesting potential created(1) 3.7+ million lives impacted by CSR projects(1) 2.5+ lakh saplings planted(1) Note: (1) As of Mar 31, 2026.
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 (3/3) 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 700+ Cleantech projects financed 35GW+ Renewable capacity financed 55,000 Cr+ Disbursals till date 85,000+ Live EV customers 5,000+ Customers added every month ~7% of 2W portfolio Note: (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 Tata Capital CSR Initiatives – Flagship Programmes (1/2) The Green Switch JalAadhar Vanaropan for Neutrality (VN) Key CSR programmes dedicated to environmental impact Providing Water Security to water- stressed areas • Aims to achieve water security in water-stressed communities through integrated watershed development (IWD), waterbody rejuvenation (WR) and water access (WA) models • Impacted 410 villages benefitting over 8 lakh+ individuals. Created 50,000+ lakh litres of annual water harvesting capacity by rejuvenating 1,000+ water bodies across 4 states 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 6,000+ homes in 124 hamlets across 4 states, touching ~28,000 lives. The total installed solar capacity is of ~1.7 MWp Creating Additional Carbon Sink • Under the VN program, 41+ ha of land has been afforested with 2.5+ lakh native forest and mangrove saplings in Thane, Delhi, Hyderabad, Gujarat and Tamil Nadu • ~3,500+ tons of carbon will be sequestered upon full growth of the saplings 10,31,530+ Lives impacted till date, across all climate action initiatives Note: All figures as of Mar 31, 2026.
Page 52
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 52 Tata Capital CSR Initiatives – Flagship Programmes (2/2) EducationAarogyatara 18,67,000+ lives impacted till date Eradication of curable blindness • Mentor and fund the education of young academic achievers from economically underprivileged families. Till date, a total of 40,000+ Pankh scholarships were awarded to students • Through our financial literacy programme, awareness outreach to communities enables knowledge and confidence to make informed financial decisions, creating a lasting impact in their lives • Skilling initiatives focus on building future-ready and livelihood- oriented capabilities, like STEM (robotics, AI), life skills and entrepreneurship • 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 18.67 Lakh individuals and supported 1.96 Lakh individuals with vision correction surgeries 5,24,330+ lives impacted till date Pankh Scholarship | Upskilling Initiatives | Financial Literacy Key CSR programmes dedicated to healthcare and education Note: All figures as of Mar 31, 2026.
Page 53
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 53 Awards and Recognition Recognition for JalAadhar and The Green Switch Projects as 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 Data Quality Award in the NBFC Consumer Emerging Segment – Silver Category by TransUnion CIBIL Platinum Category Award at the 15th Annual EEF Global Environment Awards 2025 Awarded ‘Excellence in Data-Driven Credit Innovation’ at the ETBFSI Exceller Awards 2025 Multiple awards 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 BFSI Brand 2025 by ET Edge ET Martech Awards 2025 for Innovative AI & Automated Campaigns Awarded ‘Customer Centric Company of the Year’ at the 24th CX Strategy Summit and Awards 2026 Bharat NBFC & Fintech Summit Awards 2026 for Tech-Driven NBFC of the Year, AI-Driven FinTech Solution of the Year, Digital Lending Platform of the Year NBFC and Fintech Excellence Awards 2026 for Innovative Application of AI (Corporate Finance) Award of Excellence Overall Performance – NBFCs Upper Layer at the ASSOCHAM 21st Annual Summit 2026
Page 54
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Thank You
Page 55
/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers Annexures
Page 56
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 56 Consolidated Balance Sheet Particulars (₹ crores) Mar-26 Sep-26 Total Net Loans 2,68,203 2,98,217 Investments 9,508 9,550 Other financials assets 12,872 11,471 Total Assets 2,90,583 3,19,238 Total Borrowings 2,35,977 2,60,846 Other financials liabilities 7,499 7,923 Networth 45,861 48,981 Total Equity 44,658 47,778 Instruments entirely equity in nature 1,203 1,203 Non Controlling Interest 1,246 1,488 Total Liabilities and equity 2,90,583 3,19,238 Note: The figures in the previous year / period have been regrouped wherever necessary, in order to make them comparable to the current year / period.
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. Total net loans Loans as at the last day of the relevant Fiscal / period. Net AUM Total Net Loans plus outstanding balance of loans transferred through direct assignment Definition of Key Terms