About TMF Holdings Limited
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TMF Holdings Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Motors Limited. It operates in the core investment companies segment of the financial services sector. It was incorporated on 01 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65923MH2006PLC162503. Its GSTIN is 27AACCT4644A1ZN (Maharashtra). The company holds 29 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3,250 Cr and a paid-up capital of ₹2,491.59 Cr. It was formerly known as Tata Motors Finance Limited and Tml Financial Services Limited. It is led by directors including Varsha Vasant Purandare and Prakash Pandey.
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14 4th Floor Sir H.C. Dinshaw Building 16 Horniman Circle Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2023, the company reported a revenue of ₹198.95 Cr, a decline of 36.9% compared to the previous year.
The company has about 1,315 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Tata Motors Finance. As per MCA filings, the company has satisfied charges of ₹10,742 Cr on record. Court records list 6,242 cases involving the company, including 5,229 filed by the company and 1,015 filed against it; 352 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tmf.co.in.
Company details
Name history
TMF Holdings has undergone 2 name changes throughout its history. The company was previously known as Tata Motors Finance Limited, and Tml Financial Services Limited. The current legal name is Tmf Holdings Limited.
| Company Name | Status |
|---|---|
| TMF Holdings Limited | Current |
| Tata Motors Finance Limited | Previous |
| Tml Financial Services Limited | Previous |
Contact details
TMF Holdings Limited's registered office is in Mumbai, Maharashtra. Its website is tmf.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14 4th Floor Sir H.C. Dinshaw Building 16 Horniman Circle Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Core Investment Companies, NBFC
To see the full contact details of TMF Holdings 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
TMF Holdings operates one associated brand: Tata Motors Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Auto loans and financing services are provided in India. | tmf.co.in |
Business activity
TMF Holdings operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of TMF Holdings Limited, buy the company report.
Financials of TMF Holdings Limited
FY 2025 filings availableTMF Holdings Limited reported revenue of ₹198.95 Cr (down 36.9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 36.9% in the latest 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 |
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| Total Revenue | ₹198.95 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of TMF Holdings Limited, buy the company report.
Board of directors and KMP of TMF Holdings Limited
TMF Holdings Limited currently reports 3 directors and 1 key managerial person. 22 former directors have served the organization.
| 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 | 16 Jun 2021 | 5 Years 4 Months | Current |
| Prakash Pandey | Director | 03 Apr 2025 | 1 Years 6 Months | Current |
| Vaijayanti Ajit Pandit Also directs: Mysore Petro Chemicals Limited, Everest Kanto Cylinder Limited, P N Gadgil Jewellers Limited and 4 more | Director | 09 Jun 2025 | 1 Years 4 Months | Current |
| Neeraj Kumar Dwivedi Also directs: TMF Business Services Limited | Company Secretary | 10 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
TMF Holdings Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Core Investment Companies, Large NBFC), 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 |
|---|---|---|---|---|---|---|
| Bilakhia Holdings Private Limited | ₹3,663.83 Cr (FY 2024) | 30.0% | Vapi, Gujarat, India | |||
| Capri Global Capital Limited | ₹3,250.84 Cr (FY 2025) | 40.0% | Mumbai, Maharashtra, India | |||
| Tamilnadu Power Finance and Infrastructure Development Corporation Limited | ₹3,035.58 Cr (FY 2019) | 15.0% | Chennai, Tamil Nadu, India | |||
| Gujarat State Financial Services Ltd | ₹3,025.69 Cr (FY 2019) | 37.0% | Ahmedabad, Gujarat, India | |||
| Iifl Samasta Finance Limited | ₹2,770.03 Cr (FY 2023) | 172.0% | Bengaluru, Karnataka, India | |||
| L&T Infrastructure Finance Company Limited | ₹2,734.42 Cr (FY 2018) | 2.0% | Mumbai, Maharashtra, India | |||
| Asirvad Micro Finance Limited | ₹2,734.39 Cr (FY 2025) | 0.0% | Chennai, Tamil Nadu, India | |||
| Dhunseri Investments Limited | ₹2,709.16 Cr (FY 2019) | -3.0% | Kolkata, West Bengal, India | |||
| Spandana Sphoorty Financial Limited | ₹2,533.95 Cr (FY 2024) | 72.0% | Hyderabad, Telangana, India | |||
| TMF Holdings Limitedthis company | ₹198.95 Cr (FY 2023) | -36.9% | Mumbai, Maharashtra, India |
To see the full peer comparison of TMF Holdings Limited, buy the company report.
Auditor
TMF Holdings 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 TMF Holdings 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 TMF Holdings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 2018 | 100179900 | Citi Bank N.A. | ₹250 Cr | Satisfied | |
| 03 May 2012 | 10354666 | Il & Fs Trust Company Limited | ₹2,500 Cr | Satisfied | |
| 04 Aug 2010 | 10234626 | Il & Fs Trust Company Limited | ₹1,000 Cr | Satisfied | |
| 22 Feb 2010 | 10204270 | Il & Fs Trust Company Limited | ₹875 Cr | Satisfied | |
| 22 Sep 2008 | 10124087 | Il & Fs Trust Company Limited | ₹2,000 Cr | Satisfied |
To see the full charge records of TMF Holdings Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
TMF Holdings Limited has 6,242 court cases on record: 5,229 filed by TMF Holdings, 1,015 filed against it. 352 cases are pending and 5,890 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5,739 | 747 | 268 |
| High courts | 484 | 253 | 81 |
| Supreme Court | 19 | 15 | 3 |
Cases on record (5 of 6,242)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CR. MISC.) | Filed against the company by M/S Kumar Distributors Pvt Ltd. Bailey Road, Through Its Director Vikash Kumar Singh and 1 other | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against Middlemile Pro LLP and 1 other | Pending |
| High Court | Court case (CARAP) | Filed by the company against Malayalam Vehicles India Private Limited and 1 other | Disposed |
| High Court | Court case (AP-COM) | Filed by the company against Suredata Keeping Systems India Pvt Ltd and Ors | Disposed |
| High Court, MAHARASHTRA | Court case (EXA) | Filed by the company against Bhagirathi Trans Corpo Pvt Ltd and 1 other | Disposed |
To see the full case history of TMF Holdings 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
TMF Holdings Limited was last rated by Icra on 15 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Feb 2022 |
To see the full credit ratings and regulatory alerts of TMF Holdings Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for TMF Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
TMF Holdings has 2 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| TMF Business Services Limited | U45200MH1989PLC050444 | |
| Tata Motors Finance Solutions Limited | U65910MH1992PLC187184 |
To see the full group structure of TMF Holdings Limited, buy the company report.
GST
TMF Holdings has 29 GST registrations: 1 active and 28 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT4644A1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of TMF Holdings Limited, buy the company report.
Recent activity
TMF Holdings Limited has 48 board changes on record since 2006: 26 appointments and 22 cessations. The latest: Narumanchi Venkata Sivakumar ceased to be Director on 11 Jun 2025.
53 earlier events are in the company report.
News
Frequently asked questions
TMF Holdings is an active public limited company based in Mumbai, Maharashtra, India. The company works in core investment companies, within the financial services industry. It was incorporated on 01 June 2006 (20+ years old) and is registered under CIN U65923MH2006PLC162503.
TMF Holdings has 4 current directors and KMP:
- Varsha Vasant Purandare - Director
- Prakash Pandey - Director
- Vaijayanti Ajit Pandit - Director
- Neeraj Kumar Dwivedi - Company Secretary
The latest financial statements of TMF Holdings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of TMF Holdings is 27AACCT4644A1ZN, registered in Maharashtra. The company has 29 GST registrations in all, of which 1 is active and 28 are cancelled or inactive.
The CIN (Corporate Identification Number) of TMF Holdings is U65923MH2006PLC162503. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TMF Holdings has 6,242 court cases on record: 5,229 filed by the company and 1,015 filed against it. 352 are pending. Most are in the district courts.
TMF Holdings was incorporated on 01 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of TMF Holdings by revenue are Bilakhia Holdings Private Limited, Capri Global Capital Limited, Tamilnadu Power Finance and Infrastructure Development Corporation Limited, Gujarat State Financial Services Ltd, Iifl Samasta Finance Limited and 4 more, all in the BFSI industry (Core Investment Companies, Large NBFC), with the same principal business activity (other financial activities).
Narumanchi Venkata Sivakumar ceased to be Director on 11 Jun 2025. Nasser Mukhtar Munjee ceased to be Director on 11 Jun 2025. Pathamadai Balachandran Balaji ceased to be Director on 10 Jun 2025. TMF Holdings has 48 board changes on record in total.
TMF Holdings can be reached through the website tmf.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of TMF Holdings is at 14 4th Floor Sir H.C. Dinshaw Building 16 Horniman Circle Fort, Mumbai, Maharashtra, India – 400001.