Tata Capital Limited, based in Mumbai, India, is a non-banking financial company that provides a comprehensive range of financial services to retail, corporate, SME, and institutional customers. Incorporated in 1991 and a subsidiary of Tata Sons Private Limited, Tata Capital operates through segments including Financing Activity and Investment Activity. The company offers various loan products such as car, personal, home, and business loans, as well as specialized commercial finance solutions. In addition to financing, it provides investment advisory services, portfolio management, and wealth product distribution, including mutual funds and fixed deposits. Tata Capital also offers a variety of insurance products, including life, health, and motor insurance. The company emphasizes customer-centric solutions built on trust and ethical practices, positioning itself as a key player in the Indian financial services landscape.
Investment Committee Member, Founding Partner, ESG Officer, with Consumer focus
Sarosh Amaria
Managing Director
Akhil Shriprakash Awasthi
Managing Partner and Member Investment Committee
Rishaad Bilimoria
Partner, Tata Capital Healthcare Fund
Vineet Chadha
Partner, Tata Capital Innovations Fund
Visalakshi Chandramouli
Managing Partner
Sanjay Chaudhary
Partner
Manish Chourasia
Managing Director
Vamesh Chovatia
Partner of Tata Capital Healthcare Fund
Vaibhav Ghadge
Partner, Innovations Fund and Head - Structured Finance and Transition Finance Credit
Mohan Harshey
Director, Private Equity
Sandeep Lal
Principal, Tata Capital Healthcare Fund
Ritesh Mandot
Partner, Tata Opportunities Fund
Ganesh Ramakrishnan
Principal, Tata Capital Growth Fund
Vaithianathan Ramachandran
Managing Director
Madhusudan Rajagopalan Ph.D
Principal, Tata Capital Growth Fund
40 past transactions
Sunsure Energy
Debt Financing in 2025
Sunsure Energy specializes in providing medium-scale solar photovoltaic solutions across India, catering to both industrial establishments and private investors. The company offers a range of services, including rooftop solutions, utility-scale projects, and ground-mounted installations. By focusing on high-performing solar assets, Sunsure Energy supports its clients in transitioning to solar power, making it a preferred partner for some of India's leading industrial firms. Their mission is to facilitate the adoption of solar energy, helping businesses meet their energy requirements sustainably.
Avaada Energy
Debt Financing in 2025
Avaada is a renewable energy company focused on the development and operation of solar and wind power projects. The company aims to integrate business objectives with environmental sustainability and social responsibility, fostering mutual benefits for both the community and its shareholders. Avaada engages in various initiatives that contribute to the socio-economic development of the communities in which it operates, enhancing their quality of life. Additionally, Avaada is involved in solar and electrolyzer manufacturing, as well as the development of green hydrogen and ammonia, striving to create a positive impact through sustainable aviation fuel and green methanol. By working towards reducing carbon emissions, Avaada is committed to empowering communities and promoting a sustainable future.
Sunsure Energy
Debt Financing in 2024
Sunsure Energy specializes in providing medium-scale solar photovoltaic solutions across India, catering to both industrial establishments and private investors. The company offers a range of services, including rooftop solutions, utility-scale projects, and ground-mounted installations. By focusing on high-performing solar assets, Sunsure Energy supports its clients in transitioning to solar power, making it a preferred partner for some of India's leading industrial firms. Their mission is to facilitate the adoption of solar energy, helping businesses meet their energy requirements sustainably.
Blupine Energy
Debt Financing in 2024
BluPine Energy is a renewable energy services company focused on the development of renewable energy projects and storage assets throughout India. The company engages in the holistic development of solar and wind energy projects, along with energy storage solutions. By managing the entire lifecycle of these projects—from development to operation—BluPine Energy aims to deliver comprehensive, cost-effective, and sustainable low-carbon solutions to its customers.
GPS Renewables
Debt Financing in 2024
GPS Renewables specializes in innovative waste management and bio-methanation technologies aimed at addressing urban waste challenges, particularly in India, where a significant portion of biodegradable waste originates from mass kitchens. The company focuses on the approximately USD 3 billion market associated with this waste. Its flagship product, the BioUrja reactor, is a compact waste-to-energy solution that can convert 100 kg of bio-waste into 7 kg of LPG, pending patent approval. Additionally, GPS Renewables has created a GPS shredder, which efficiently processes wet waste, and GPS dewatering systems that effectively separate solids from liquid mixtures. Through these technologies, GPS Renewables enables businesses to transform organic waste into clean energy, thereby promoting sustainable living and reducing carbon emissions.
SAEL
Venture Round in 2024
SAEL is a green energy company based in New Delhi, India, dedicated to advancing sustainable development through renewable energy solutions. The company focuses on innovative projects in solar energy and waste-to-energy generation, aiming to reduce carbon footprints and enhance energy independence. By developing and managing sustainable infrastructure, SAEL provides comprehensive services that encompass design, construction, operation, and maintenance of renewable energy systems. Their mission is to facilitate the transition to a low-carbon economy while contributing to the economic and social development of communities globally. Through the use of cutting-edge technology, SAEL strives to deliver reliable and eco-friendly energy solutions to businesses and communities, promoting a sustainable future.
Finagg
Series A in 2024
FinAGG is a fintech company that specializes in providing flexible financing solutions, such as stock now pay later and invoice financing. By leveraging AI-enabled analytics, the company offers insights into sales and operations, which helps determine funding eligibility and amounts. FinAGG's platform allows suppliers, distributors, and retailers to apply for loans without the need for collateral by submitting essential business information and documents. This innovative approach facilitates easier access to financing, enabling businesses to manage their cash flow effectively.
Jai Balaji Industries
Post in 2023
Jai Balaji Industries Limited is an iron and steel manufacturing company based in Kolkata, India, established in 1999. The company produces a wide range of products including sponge iron, pig iron, ductile iron pipes, ferro alloys, mild and alloy steel billets, TMT bars, wire rods, coke, and sinter. Its TMT bars are marketed under the Balaji Shakti brand. While the majority of its revenue comes from the Indian market, Jai Balaji Industries also engages in exports, extending its reach to international markets. The company operates primarily within the iron and steel segment.
SAEL
Debt Financing in 2023
SAEL is a green energy company based in New Delhi, India, dedicated to advancing sustainable development through renewable energy solutions. The company focuses on innovative projects in solar energy and waste-to-energy generation, aiming to reduce carbon footprints and enhance energy independence. By developing and managing sustainable infrastructure, SAEL provides comprehensive services that encompass design, construction, operation, and maintenance of renewable energy systems. Their mission is to facilitate the transition to a low-carbon economy while contributing to the economic and social development of communities globally. Through the use of cutting-edge technology, SAEL strives to deliver reliable and eco-friendly energy solutions to businesses and communities, promoting a sustainable future.
Aarthi Scans and Labs
Private Equity Round in 2022
Aarthi Scans and Labs operates a network of diagnostic centers that provide a range of healthcare services focused on imaging and laboratory testing. Their offerings include PET CT scans, MRI scans, CT scans, ultrasound scans, X-rays, mammograms, DEXA scans, OPGs, and CBCTs. By delivering these services, Aarthi Scans and Labs aims to make affordable diagnostic solutions accessible to patients in their local communities. The company leverages advanced technology, including robotic labs for blood testing, to enhance the efficiency and accuracy of its services, ensuring that patients receive reliable healthcare support.
Sterlite Power
Debt Financing in 2022
Sterlite Power is India’s largest private sector power transmission developer, with a significant portfolio that includes 31 Extra High Voltage transmission lines and 7 substations, totaling over 7,000 Circuit Kilometers and 12,750 MVA of transformation capacity across 15 states. The company, a subsidiary of the Vedanta Group, specializes in advanced power transmission solutions through its Sterlite Grid division, which aims to enhance energy delivery and support the development of a reliable power infrastructure. Sterlite Power is committed to ensuring affordable, adequate, and high-quality 24/7 electricity access for homes and businesses throughout the country. By constructing transmission corridors that connect key power-generating regions to major load centers, the company plays a crucial role in addressing the challenges posed by the uneven geographical distribution of natural resources such as coal, solar, and hydro. Ultimately, Sterlite Power focuses on innovation, stakeholder value, and environmental respect in its mission to facilitate energy accessibility for millions of households and enterprises.
ZingHR
Venture Round in 2022
ZingHR is a developer of a human resource management platform that caters to various industries including financial services, retail, information technology, healthcare, and manufacturing. The company offers a comprehensive suite of solutions designed to enhance business outcomes and improve employee experiences through an employee-centric and mobile-first approach. ZingHR's platform encompasses a wide range of functionalities, including payroll, performance management, talent acquisition, onboarding, training, attendance, and expense management. By utilizing AI-enabled technology and user-friendly systems, ZingHR provides organizations with tools to align strategies and enhance team performance across all stages of the employee lifecycle, from onboarding to exit. With support for over 20 languages, ZingHR aims to deliver an unparalleled user experience while helping organizations optimize their human capital management processes.
Virescent Renewable Energy Trust
Debt Financing in 2021
Virescent Renewable Energy Trust focuses on responsible investments in renewable and sustainable energy projects. The organization operates as a renewable energy platform that acquires and manages operational energy assets. It offers a diversified portfolio of these assets, primarily in India, and seeks investment opportunities that provide stable cash flows from long-term contracts. This approach aligns with the government's Green Energy Corridor initiative, which aims to enhance the infrastructure for renewable energy in the country.
Eldeco Group
Debt Financing in 2021
Eldeco Group has been in the real estate business from 1975 and since then, it has delivered more than 150 successful projects. With more than 35 years of experience in the construction industry, it has managed to become one of the leading names in the real estate sector of North India. Be it spanning townships, high-rise condominiums, office complexes, industrial estates or malls, this real estate group constructs every project with excellent quality and superior construction technology to ensure high level of consumer satisfaction.
MySun
Debt Financing in 2021
MYSUN is a prominent provider of rooftop solar solutions and services in India, catering to both commercial and residential consumers. The company specializes in customized solar energy systems that utilize advanced engineering and technology. MYSUN enhances the customer experience through an artificial intelligence-based mobile app for on-site surveying and shadow analysis, which aids in precise energy forecasting. Alongside its solar installations, MYSUN offers in-house financing solutions that facilitate easy purchasing options for its clients, including small and medium enterprises. The company is committed to delivering a comprehensive 25-year solar journey, emphasizing reliable service and support to maximize the benefits of solar energy for its customers.
Biocon
Private Equity Round in 2020
Biocon Biologics Limited, based in Bengaluru, India, is a subsidiary of Biocon Limited that specializes in the development and commercialization of biopharmaceutical solutions. Founded in 2016, the company focuses on producing high-quality, affordable biosimilars, novel biologics, and complex small molecule active pharmaceutical ingredients (APIs). Biocon Biologics operates with a commitment to enhancing patient access to advanced therapies, leveraging its robust capabilities in drug development and manufacturing. The company also engages in the production of generic formulations for markets in the U.S. and Europe, highlighting its global reach and dedication to making essential medications available to those in need.
Indusface
Venture Round in 2020
Indusface is a provider of a comprehensive application security platform designed to protect web and mobile applications for organizations. The company offers an integrated solution that accurately detects application-layer vulnerabilities through web application scanning and addresses them instantly with a web application firewall. In addition to enhancing website performance via global edge locations, Indusface continuously monitors traffic for emerging threats and DDoS attacks. The service includes fully managed security support around the clock, enabling customers to benefit from custom rule creation, real-time incident reporting, and minimized false positives. This focus allows organizations to concentrate on their growth rather than security concerns. Indusface distinguishes itself in the market with a unique organizational structure that offers a significant cost advantage over competitors.
Alef Edge
Funding Round in 2017
Alef Edge, Inc. specializes in Enhanced Data rates for Global Evolution (EDGE) Internet solutions, focusing on mobile edge computing. The company's offerings include the Edge Gateway, Edge Cloud, and Edge Applications, which enable businesses to locate products and services closer to their users, enhancing performance and user experience. Alef Edge allows enterprises to create and manage their private mobile networks swiftly, simplifying the complexities associated with 5G and edge computing through a suite of APIs and tools. This approach not only improves control and security but also reduces operational costs compared to traditional mobile network providers. Established in 2009 and headquartered in New York, Alef Edge has expanded its presence with offices in India and Brazil, serving a diverse clientele that includes systems integrators, distributors, and technology partners.
Farcast
Series B in 2016
Farcast Biosciences is a clinical diagnostic company focused on improving cancer treatment through personalized medicine. Founded in 2019 and based in Madison, Wisconsin, with a laboratory in Bangalore, India, Farcast has developed a human tumor microenvironment platform. This platform allows oncologists and drug developers to evaluate individual tumors by culturing fresh, unmodified tumor fragments, preserving their natural state. By generating detailed response data, Farcast's technology aids in identifying optimal treatment options for patients before they begin therapy. This approach not only enhances the understanding of tumor behavior but also supports researchers in drug development by providing insights into treatment responses using real human tumors and blood samples.
Alef Edge
Venture Round in 2016
Alef Edge, Inc. specializes in Enhanced Data rates for Global Evolution (EDGE) Internet solutions, focusing on mobile edge computing. The company's offerings include the Edge Gateway, Edge Cloud, and Edge Applications, which enable businesses to locate products and services closer to their users, enhancing performance and user experience. Alef Edge allows enterprises to create and manage their private mobile networks swiftly, simplifying the complexities associated with 5G and edge computing through a suite of APIs and tools. This approach not only improves control and security but also reduces operational costs compared to traditional mobile network providers. Established in 2009 and headquartered in New York, Alef Edge has expanded its presence with offices in India and Brazil, serving a diverse clientele that includes systems integrators, distributors, and technology partners.
Sea6 Energy
Series A in 2015
Sea6 Energy is a biofuel company based in Bangalore, India, that aims to harness the sustainable potential of ocean resources. Founded in 2010, the company focuses on developing technologies to convert marine biomass, particularly seaweed, into a range of bio-renewable products. These include biofuels, plant growth stimulants, plant defense products, and animal feed ingredients. By utilizing oceanic resources, Sea6 Energy provides solutions that address the limitations of traditional agricultural feedstock, such as land use and freshwater requirements. The company's innovative approach seeks to create a circular economy by minimizing waste and replacing chemicals and plastics with sustainable alternatives derived from marine biomass. The diverse expertise of its team spans industrial automation, plant pathology, ocean engineering, bioprocess engineering, marine biology, and aerospace engineering, all contributing to the vision of transforming oceans into productive biomass farms.
Nearex
Series B in 2015
Nearex Pte Ltd. is a Singapore-based company that specializes in mobile micropayment solutions for small merchants and consumers. Founded in 2012 by experienced professionals from the mobile and financial sectors, Nearex aims to enhance financial inclusion, particularly in emerging markets. Its flagship product, Xip, integrates seamlessly with existing mobile wallets, electronic banking accounts, and telecom networks. The Xip micropayment system enables merchants to process transactions using XipPOS, a mobile point-of-sale system, while customers can make payments through XipTAG, a contactless card. The technology facilitates both small and large transactions, providing notifications to users for different payment amounts. Nearex serves a diverse clientele that includes credit and debit card users as well as mobile money service providers, making cashless transactions more accessible for everyday purchases.
Alef Edge
Funding Round in 2015
Alef Edge, Inc. specializes in Enhanced Data rates for Global Evolution (EDGE) Internet solutions, focusing on mobile edge computing. The company's offerings include the Edge Gateway, Edge Cloud, and Edge Applications, which enable businesses to locate products and services closer to their users, enhancing performance and user experience. Alef Edge allows enterprises to create and manage their private mobile networks swiftly, simplifying the complexities associated with 5G and edge computing through a suite of APIs and tools. This approach not only improves control and security but also reduces operational costs compared to traditional mobile network providers. Established in 2009 and headquartered in New York, Alef Edge has expanded its presence with offices in India and Brazil, serving a diverse clientele that includes systems integrators, distributors, and technology partners.
Kapsons Industries
Venture Round in 2014
Kapsons Industries is an automotive stamping products manufacturer. They provide stamping division, die-casting division, copper wire divisions, and motor divisions. Stamping division include electrical laminations and die-cast rotors. Die-casting division offers aluminum pressure die-castings for electrical, automobile, and consumer durables industry.
Innoviti
Seed Round in 2014
Innoviti specializes in payment processing and management solutions, offering a range of software products designed to meet various merchant needs. Its offerings include uniPAY, a comprehensive payment and card management system for retailers; quickEMI, which allows consumers to pay for purchases in installments using their credit cards; pgEMI, providing similar installment options; and fastCollect, an automated collection technology tailored for banks and large retailers. The company's digital commerce platform supports secure payment operations across multiple channels, such as online, mobile, and in-store transactions. Innoviti serves a diverse array of markets, including retail, lifestyle, entertainment, education, and healthcare, effectively addressing the payment and credit distribution requirements of its clients.
Home Dialysis Central
Series A in 2014
Home Dialysis Central is a one-stop, online resource for individuals with kidney disease, their families, and the medical professionals who offer kidney disease treatment, providing up-to-date, unbiased information about home dialysis in all its forms. It is a nonprofit organization whose goal is to assist those who have chronic illnesses in learning how to take control of and enhance their health.
Sandor
Seed Round in 2014
Sandor Medicaids Pvt. Ltd. is a nationwide distribution company specializing in supplies to hospitals and government institutions. It has developed efficient systems and capabilities to supply specialty drugs, device and equipment to hospitals. Since its inception in 1995 in Hyderabad, the company has focused on bringing high-tech biomedical and biotechnology products into India. Sandor has been the first company to bring “Point of Care” concept to the Indian ICU in 1996 by launch of i-stat, a state of the art product for emergency monitoring of patients. The company started as a sales, marketing and distribution company and over time evolved as a nationwide distribution, sales and marketing company by 2008 when Genzyme launched their operations in India. It can today boast of a national level distribution network with 21CFR compliant cold chain facilities covering most of Indian states. Our efficient and compliant 20 branch distribution network supports drug and device manufacturers launch products with ready access to more than 3000 hospitals across India. The company today has more than 180 vendor registrations in Government and private Institutions making it the only partner for foreign or domestic manufacturers to bring their products to hospitals at the most economical costs while maintaining the highest ethical standards. The company has over time developed a strong sales and marketing team which is helping it launch own branded products in select therapeutic area like Critical Care, Nephrology and Transplantation and Pain Management. Our strong presence in Government Institutions has ensured direct sales to all users without help of any sub dealer or liaison agents. The company also provides complete regulatory support to partners and has in-house pharmacovigilance function besides having a strong custom clearing department. A firm foothold in the Indian Hospital procurement system has made Sandor a partner of choice for any new launch of medical drugs, devices and equipment in the Indian Hospital System.
GKC Projects
Private Equity Round in 2013
GKC Projects is an engineering, procurement, and construction company specializing in infrastructure and commercial construction services. The firm has established a presence through several landmark projects, focusing on key areas such as highways, irrigation, industrial infrastructure, power, and water supply. By offering a comprehensive range of services, GKC Projects plays a significant role in the development and enhancement of essential infrastructure.
IFMR Rural Channels and Services
Venture Round in 2013
IFMR Rural Channels and Services Private Limited (IRCS), established in August 2011 by IFMR Trust, aims to enhance access to financial services for individuals and enterprises in remote rural areas of India. The organization focuses on creating a network of branches that provide a diverse range of financial products, including credit, investments, savings, pensions, remittances, and insurance. By targeting financially excluded households and businesses, IRCS seeks to empower these communities and facilitate their financial inclusion.
Farcast
Series B in 2013
Farcast Biosciences is a clinical diagnostic company focused on improving cancer treatment through personalized medicine. Founded in 2019 and based in Madison, Wisconsin, with a laboratory in Bangalore, India, Farcast has developed a human tumor microenvironment platform. This platform allows oncologists and drug developers to evaluate individual tumors by culturing fresh, unmodified tumor fragments, preserving their natural state. By generating detailed response data, Farcast's technology aids in identifying optimal treatment options for patients before they begin therapy. This approach not only enhances the understanding of tumor behavior but also supports researchers in drug development by providing insights into treatment responses using real human tumors and blood samples.
Vaultize
Series A in 2013
Vaultize is an enterprise platform focused on ensuring end-to-end file security through its comprehensive suite of services, which includes information and digital rights management, secure file sharing, data protection, and data loss prevention. The company adopts an information-centric approach to manage, secure, and control data within organizations. Established in 2010, Vaultize Technologies operates in over 30 countries, including the United States, Singapore, and India, leveraging a network of resellers, distributors, system integrators, and managed service providers. The platform addresses security, data loss, and compliance risks associated with consumer file sharing and the increasing mobility of data, providing continuous protection and access control to facilitate secure enterprise file sharing without the need for VPNs.
Vortex Engineering
Venture Round in 2011
Vortex Engineering Private Limited is a pioneering provider of Automated Teller Machines (ATMs) and related services, catering primarily to banks. Founded in 2001 and headquartered in Tamil Nadu, India, the company focuses on developing self-service banking products tailored for emerging markets. Vortex Engineering's ATMs are designed to operate effectively in challenging environments, reflecting the company's commitment to innovation and reliability. The company’s manufacturing facilities in Chennai are ISO-certified, enabling the production of high-quality ATMs, including models such as the Ecoteller Mini, Front Load, and Rear Load ATMs. Through its comprehensive suite of ATM management services, Vortex Engineering aims to transform the landscape of banking and enhance accessibility for customers.
SEACO
Private Equity Round in 2011
SEACO is a foundry company that offers foundry and machining solutions for improving agriculture, farm equipment, automobiles, construction equipment, and the power and hydraulics industries. They provide research and development, material testing, melting, core manufacturing, mold pressing, fettling, machining, finishing, and dispatch services.
Commercial Engineers and Body Builders
Pre Seed Round in 2010
Commercial Engineers & Body Builders Co Limited is an established manufacturer based in Jabalpur, India, specializing in the production of vehicle and locomotive bodies. Founded in 1979, the company offers a diverse range of products tailored to various sectors, including tipper and tanker bodies for mining and road construction, skip-loaders and garbage-bin collectors for solid waste management, and specialized vehicles for municipal and defense applications. Its portfolio includes troop carriers, prison vans, water tankers, and fire engines, among others. The company also manufactures load cargo bodies, refrigerated vehicle bodies, and trailer bodies for transportation purposes. Additionally, it engages in the refurbishment of railway wagons, provides components for locomotives and coaches, and produces fabricated support structures and machinery parts.
Sun Catalytix
Series B in 2010
Located in Cambridge, MA, Sun Catalytix is an early-stage renewable energy startup founded on groundbreaking science from the research lab of Professor Daniel Nocera at MIT. With Nature as our inspiration, we seek to combine sunlight and water to provide affordable, highly distributed solar energy to the individual. The elemental components of just 3 gallons of water have enough energy, when recombined, to satisfy the daily energy needs of a large American home. The US receives 500-fold more energy each year than it uses, but unfortunately the sun shines only half the time. At Sun Catalytix we are working to realize the dream of cheap, renewable, personalized energy allowing individuals to use the power around-the-clock. Backed by Polaris Venture Partners, we have started down the path to a sustainable energy future.
Farcast
Series A in 2010
Farcast Biosciences is a clinical diagnostic company focused on improving cancer treatment through personalized medicine. Founded in 2019 and based in Madison, Wisconsin, with a laboratory in Bangalore, India, Farcast has developed a human tumor microenvironment platform. This platform allows oncologists and drug developers to evaluate individual tumors by culturing fresh, unmodified tumor fragments, preserving their natural state. By generating detailed response data, Farcast's technology aids in identifying optimal treatment options for patients before they begin therapy. This approach not only enhances the understanding of tumor behavior but also supports researchers in drug development by providing insights into treatment responses using real human tumors and blood samples.
Adithya Automotive Applications
Private Equity Round in 2009
Adithya Automotive Applications provides end-solutions to automotive applications such as tippers, tankers and load bodies.
IARC
Venture Round in 2008
IARC is a securitization and reconstruction company.
Vanu
Series B in 2008
Vanu, Inc. specializes in mobile communications solutions aimed at enabling mobile network operators to serve off-grid markets. The company offers a variety of products, including community connect GSM/EDGE radio access networks, outdoor base stations, and a dual-mode LTE GSM solution. Additionally, it provides optimized 3G and portable LTE systems, alongside a cellular suppression solution designed for correctional facilities and secure government locations. Vanu also offers coverage mapping tools, technical support, network optimization, and managed services to improve coverage efficiency. Founded in 1998, Vanu is headquartered in Lexington, Massachusetts, with additional offices in Gurugram, Bengaluru, and Kigali. Its solutions cater to diverse sectors, including commercial carriers and government entities, allowing them to reduce costs while enhancing network connectivity.
Quikjet
Venture Round in 2008
Quikjet is a cargo airline company that offers customized solutions for charter operation requirements.
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