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Tata Capital's Cleantech Surge Fuels Green Financing Ahead of IPO
3 Oct
Summary
- Tata Capital's cleantech finance book reaches ₹18,000 crore, growing 31.8% in 2 years
- Company aims to become a financial leader leveraging Tata brand and technology
- India's low credit penetration offers strong expansion potential for NBFCs
As of October 4th, 2025, Tata Capital Ltd. is preparing to launch its initial public offering (IPO) next week, with a focus on green financing and digital innovation as its core growth pillars. The company's cleantech finance book has reached a remarkable ₹18,000 crore, growing at a 31.8% compound annual growth rate (CAGR) over the last two years.
Tata Capital's cleantech portfolio has financed over 500 renewable projects and sanctioned more than 22,400 MW of capacity across solar, wind, biomass, and small hydro. The company's MD and CEO, Rajiv Sabharwal, stated that the cleantech segment combines rapid growth with high-quality, secured assets, underpinned by technology-driven monitoring and disciplined underwriting.
Looking ahead, Tata Capital is building for the long term, leveraging the Tata brand to become a financial leader while ensuring stability across cycles. The company sees strong expansion potential in India's high growth pace and relatively low credit penetration, with NBFCs outpacing overall credit growth through their nimbleness in technology adoption and branch rollouts.
Tata Capital's loan book has accelerated, led by housing, consumer lending, and SMEs, the backbone of the Indian economy. The company has also deployed generative AI in its underwriting for working capital loans, dramatically reducing turnaround time for credit appraisal.
