About Tata Cleantech Capital Limited
Data last updated:
Tata Cleantech Capital Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tata Capital Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 27 September 2011.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65923MH2011PLC222430. Its GSTIN is 27AAECT0148D1ZO (Maharashtra). The company held 4 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹500 Cr and a paid-up capital of ₹459.29 Cr. It was led by directors including Manish Chourasia (Managing Director) and Varsha Vasant Purandare.
Its last annual general meeting (AGM) was held on 27 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 11th Floor Tower A Peninsula Business Park Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,025.51 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹79.04 Cr (net margin 7.7%) and EBITDA of ₹545.3 Cr (EBITDA margin 53.2%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 30% over five years.
The company had about 74 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: TCCL and Tata Capital. As per MCA filings, the company had satisfied charges of ₹940 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending. The company has 7 deals on record (4 rights issues, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹77.5 Cr; the latest was in June 2023. Its 6 peer companies in the BFSI industry (Consulting Services, Energy Solutions, Infrastructure Finance Company), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 2 smaller; the largest is Si Creva Capital Services Private Limited with revenue of ₹1,093.49 Cr.
The last known website on record is tatacapital.com.
Company details
Contact details
Tata Cleantech Capital Limited's registered office is in Mumbai, Maharashtra. Its website is tatacapital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address11th Floor Tower A Peninsula Business Park Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, NBFC, Infra Finance Institutions
To see the full contact details of Tata Cleantech Capital Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Tata Cleantech Capital operates two associated brands: TCCL and Tata Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified lending services are provided as a non-banking financial institution. | tatacleantechcapital.in | |
| Diversified non-banking financial services are provided by Tata Capital. | tatacapital.com |
Business activity
The main business activity of Tata Cleantech Capital is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Tata Cleantech Capital Limited, buy the company report.
Financials of Tata Cleantech Capital Limited
FY 2023 filings availableTata Cleantech Capital Limited reported revenue of ₹1,025.51 Cr (up 46% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 46% growth in the latest year. EBITDA rose 55% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1,025.51 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹545.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹79.04 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 53.2% | ||||
| Net Profit Margin | 7.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Tata Cleantech Capital Limited, buy the company report.
Board of directors of Tata Cleantech Capital Limited
Tata Cleantech Capital has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varsha Vasant Purandare Also directs: Tata Motors Limited, Kirloskar Pneumatic Company Limited, The Federal Bank Ltd and 5 more | Director | 25 Jan 2020 | 6 Years 9 Months | As last reported |
| Manish Chourasia | Managing Director | 21 Aug 2015 | 11 Years 2 Months | As last reported |
| Sujit Kumar Varma Also directs: Tata Capital Limited, Tata Asset Management Private Limited, Tata Capital Housing Finance Limited and 5 more | Director | 05 May 2022 | 4 Years 5 Months | As last reported |
| Lodewijk Govaerts | Director | 21 Jul 2022 | 4 Years 3 Months | As last reported |
| Rajiv Sabharwal Also directs: Tata Capital Limited, Tata Asset Management Private Limited, Tata Securities Limited and 2 more | Director | 01 Apr 2018 | 8 Years 6 Months | As last reported |
Peer comparison
Tata Cleantech Capital Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Consulting Services, Energy Solutions, Infrastructure Finance Company), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Si Creva Capital Services Private Limited | ₹1,093.49 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| Arohan Financial Services Limited | ₹1,091 Cr (FY 2023) | 19.0% | Kolkata, West Bengal, India | |||
| Protium Finance Limited | ₹1,075.61 Cr (FY 2025) | 42.0% | Mumbai, Maharashtra, India | |||
| Ambuja Neotia Holdings Private Limited | ₹1,064.98 Cr (FY 2024) | 12.0% | Kolkata, West Bengal, India | |||
| Tata Cleantech Capital Limitedthis company | ₹1,025.51 Cr (FY 2023) | ₹79.04 Cr | 7.7% | 46.0% | 74 | Mumbai, Maharashtra, India |
| Dupont Specialty Products India Private Limited | ₹1,013.63 Cr (FY 2025) | 5.0% | Gurgaon, Haryana, India | |||
| Clix Capital Services Private Limited | ₹971.4 Cr (FY 2024) | 33.0% | New Delhi, Delhi, India |
To see the full peer comparison of Tata Cleantech Capital Limited, buy the company report.
Auditor
Tata Cleantech Capital Limited is audited by B S R & Co. LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2018 | 101248W/ W - 100022 |
Shareholding
The shareholding of Tata Cleantech Capital Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tata Cleantech Capital Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2018 | 100225877 | Idbi Trusteeship Services Limited | ₹180 Cr | Satisfied | |
| 30 Jun 2017 | 100109708 | Idbi Trusteeship Services Limited | ₹260 Cr | Satisfied | |
| 03 Jun 2015 | 10576971 | Idbi Trusteeship Services Limited | ₹300 Cr | Satisfied | |
| 25 Mar 2015 | 10561270 | Idbi Trusteeship Services Limited | ₹200 Cr | Satisfied |
To see the full charge records of Tata Cleantech Capital Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Tata Cleantech Capital Limited has 7 deals on record (4 rights issues, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹77.5 Cr; the latest was in June 2023.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Rights issue | ₹310.02 Cr | Investors: Tata Capital Limited , International Finance Corporation |
| Feb 2019 | Rights issue | ₹100 Cr | Investors: Tata Capital Limited , International Finance Corporation |
| Mar 2017 | Rights issue | ₹200 Cr | Investors: Tata Capital Limited , International Finance Corporation |
| Mar 2015 | Rights issue | ₹230 Cr | Investors: Tata Capital Limited , International Finance Corporation |
| Apr 2013 | Funding round | ₹77.5 Cr | Investors: Tata Capital Limited , International Finance Corporation |
To see the full deal history of Tata Cleantech Capital Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tata Cleantech Capital Limited has 6 court cases on record: 1 filed by Tata Cleantech Capital, 5 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 5 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by Ecoren Energy India Private Limited and 7 others | Pending |
| High Court, ANDHRAPRADESH | Appeal | Filed against the company by Danu Wind Parks Private Limited | Disposed |
| High Court, ANDHRAPRADESH | Appeal | Filed against the company by Ecoren Energy India Private Limited and 7 others | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Tata Cleantech Capital Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Tata Cleantech Capital Limited was last rated by Icra on 20 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 20 Jan 2022 |
To see the full credit ratings and regulatory alerts of Tata Cleantech Capital Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tata Cleantech Capital Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Tata Cleantech Capital Limited has a workforce of 74 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Tata Cleantech Capital has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECT0148D1ZO | Maharashtra | Active | 01 Jul 2017 |
| 27AAECT0148D3ZM | Maharashtra | Active | 30 Jun 2023 |
| 07AAECT0148D1ZQ | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tata Cleantech Capital Limited, buy the company report.
Recent activity
Tata Cleantech Capital Limited has 19 board changes on record since 2014: 5 appointments and 14 cessations. The latest: Lodewijk Govaerts ceased to be Additional Director on 10 Aug 2022.
18 earlier events are in the company report.
News
Frequently asked questions
Tata Cleantech Capital has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Tata Cleantech Capital was a public limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 27 September 2011 and is registered under CIN U65923MH2011PLC222430. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tata Cleantech Capital was incorporated on 27 September 2011. It is registered with the Registrar of Companies, Mumbai.
Tata Cleantech Capital had 5 directors:
- Manish Chourasia - Managing Director
- Varsha Vasant Purandare - Director
- Sujit Kumar Varma - Director
- Lodewijk Govaerts - Director
- Rajiv Sabharwal - Director
The CIN (Corporate Identification Number) of Tata Cleantech Capital is U65923MH2011PLC222430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Tata Cleantech Capital is at 11th Floor Tower A Peninsula Business Park Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
Tata Cleantech Capital can be reached through the website tatacapital.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Tata Cleantech Capital on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 June 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Tata Cleantech Capital is 27AAECT0148D1ZO, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAECT0148D3ZM (Maharashtra), 07AAECT0148D1ZQ (Delhi).
Tata Cleantech Capital operated in the financial services industry, in the nbfc segment.
Tata Cleantech Capital has 7 deals on record (4 rights issues, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹77.5 Cr; the latest was in June 2023.