Tourism Finance Corporation of India Limited has informed the Exchange regarding 'Investor Presentation'.
9MFY25 INVESTOR PRESENTATION
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Safe Harbor
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Tourism Finance Corporation of India
Track Record of Over 35 Years with dominance in Hotel Financing
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Key Business Areas
➢ Hospitality Financing to remain the thrust area with emphasis on financing commercially viable tourism projects: ― Term loan for Setting-up Hotel, Resort, Motel, Spa/Health Resort, Apartment Hotels, Guest Houses, other approved Lodgings and restaurant chains. ― Term Loan for last mile funding, expansion, modernization, renovation & acquisition of all the projects mentioned above. ― Term Loan for takeover of existing loans with tenure elongation and top up. ― Term Loan for takeover from AIFs/ARCs of all the projects mentioned above. ― Special Situation Financing for turnaround cases.
Non-Hospitality
➢ Lending to select Sectors for setting-up, expansion, renovation projects & refinancing with focus on:
Real Estate Sector
•Construction Financing to affordable & middle income housing projects, Builder Floors construction finance (Delhi & Gurugram) •Lease Rental Discounting •LAP backed by cashflows •Commercial Real Estate Projects (on selective Basis).
Manufacturing, Social Infra, Logistics & Other Sectors
•Established Manufacturing Units for expansion & working capital term loan & corporate loans •Education School/College/Universities •Healthcare – Hospital/Nursing Homes •Logistics & Cold Storages •Focus on Special Situations. •Captive Solar/ Renewable projects
NBFC/ARC Sector
•NBFCs with secured Wholesale loan book •NBFCs with retail & MSE book •NBFC-MFIs •HFCs •ARCs (backed by minimum RR1 rated SRs giving cover of 2.5x)
➢ Co- Lending tie up with NBFCs engaged in secured SME & LAP to foray in Retail segment. ➢ Structured Finance, Acquisition Finance & ARC exit for cases facing bunching of repayments but having stable future cash-flows.
➢ Debt Syndication /Down selling of loans. ➢ Tourism/Hospitality focused advisory services –Project Feasibility Reports, Market Survey and Marketing Tie-ups of tourism projects ➢ Special situation structuring /restructuring.
➢ TFCI has initiated digital retail lending through fintech platform on trail basis during the quarter ended 31.12.2024. Prior to
commencing regular disbursement, the organization is analysing the delinquency pattern in the portfolio.
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9MFY25 Profitability & Financial Highlights
Financial Performance Highlights – Last 5 years
* Post 31.12.2024, sale of secured asset of NPA at Rs.2872 lakh has been confirmed under provision of SARFAESI Act 2002. On receipt of the sale consideration, within regulatory timelines and issue of sale certificate, the GNPA & NNPA ratios as of 31.12.2024 will improve to 3.82% & 2.25% respectively and PCR will improve to 41.18%.
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Tourism Finance Corporation of India
2019-202020-212021-222022-232023-249M FY24-25(Audited)(Audited)(Audited)(Audited)(Audited)(Reviewed)Total Income (Rs.in Cr.)265.66258.51254.31231.70242.04190.61Gross Interest Income (Rs.in Cr.)240.23247.61247.89197.20195.25150.24Net Interest Income (Rs.in Cr.)119.51117.5127.85106.5694.9674.54Profit before tax (Rs.in Cr.)97.4599.86107.9109.37113.8791.71Profit after tax (Rs.in Cr.)81.0280.7585.3287.9591.1173.61Equity share Capital (Rs.in Cr.)80.7180.7190.3790.3790.3792.59Reserve and Surplus (Rs.in Cr.)665.76703.73838.30926.73999.251096.27Tengible Net Worth (Rs.in Cr.)746.47784.44928.661008.941074.851176.46Total Borrowings (Rs.in Cr.)1451.241363.601278.741004.73983.04969.92Earning per share (Rs.)10.0410.0010.019.7310.087.95Book Value (Rs.)92.4897.18102.76111.64118.94127.05Debt:Equity Ratio1.94:11.74:11.38:10.98:10.91:10.82:1CRAR(%)37.5439.8754.5962.6559.0159.94Gross NPLs (Rs.in Cr.)44.8269.4813.5463.6243.6694.11*Gross NPLs(%)2.50%3.51%0.74%3.92%2.75%5.61%*Net NPLs (Rs.in Cr.)28.956.136.7747.8423.9765.69*Net NPLs (%)1.61%2.84%0.37%2.95%1.51%3.92%*Loan Book (Rs.in Cr.)1,793.541,976.641,834.351621.481588.921676.55Return on Loan and Advances (%)12.73%12.34%12.44%12.27%12.11%12.29%Cost of Borrowing (%)9.24%9.05%8.80%9.35%9.52%9.73%NIM (%)5.51%5.31%5.77%4.97%4.58%4.65%Particulars Credit Rating
Rating Agency
Rating Amount (In Rs. Crs)
Rating Action
Long Term Bonds
Bank Borrowings
ACUITE
CARE
BRICKWORK
A+ Outlook: Stable NCD’s :- (359.74) MLD :- (75.00)
A Outlook: Stable (175.00)
A+ Outlook: Stable (334.74)
Short Term Borrowing (In Rs. Crs)
INFOMERICSIN INFOMERICS FOMERICS
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A1+ Proposed CP: (100)
A+ Outlook: Stable (950.00)
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Reaffirmed (June 2024)
Reaffirmed (August 2024)
Reaffirmed (July 2024)
Assigned (July 2024)
Tourism Finance Corporation of India
Portfolio Mix
PAN India Presence
Note: Map not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
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Tourism Finance Corporation of India
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Presence (As on 31st Dec 2024)
Historical Presence (Facilities since closed)
ParticularsProjectsRs. In Cr.Cumulative Sanctioned100916005Cumulative Disbursement6229430Cumulative Closed5587645Cumulative Write-offs10109Outstanding Projects as on date541677State/CitiesAUM (Rs. In Cr.) Maharashtra277.12 West Bengal187.06 Uttar Pradesh190.38 Gujarat223.03 Rajasthan261.64 Telangana128.55 Andhra Pradesh62.61 New Delhi61.66 Haryana93.03 Karnataka18.72 Goa42.16 Tamil Nadu25.00 Madhya Pradesh26.70 Assam20.50 Kerala19.53 Bihar19.00 Jharkhand9.42 Andaman & Nicobar9.54 Total1,675.64 9MFY25 – Financial Highlights
Total Income (Rs. in cr)
Profit before provision and tax (Rs. in cr)
PBT (Rs. in cr)
PAT (Rs. in cr)
Book Value per Share (Rs.)
Earning per Share (Rs.)
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Tourism Finance Corporation of India
9MFY25 – Financial Highlights
Gross Loan Book (Rs. in cr)
Gross Investment (Rs. in cr)
Tangible Net Worth (Rs. in cr)
Borrowings (Rs. in cr)
Return on Loans (%)
Capital Adequacy Ratio (%)
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Tourism Finance Corporation of India
9MFY25 – Financial Highlights
ROE (%)
ROA (%)
Cost of Borrowings (%)
NIMs (%)
Gross NPL (%)
Net NPL (%)
* Post 31.12.2024, sale of secured asset of NPA at Rs.2872 lakh has been confirmed under provision of SARFAESI Act 2002. On receipt of the sale consideration, within regulatory timelines and issue of sale certificate, the GNPA & NNPA ratios as of 31.12.2024 will improve to 3.82% & 2.25% respectively and PCR will improve to 41.18%.
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Tourism Finance Corporation of India
Profit & Loss Statement – 9MFY25
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Tourism Finance Corporation of India
Particulars (Rs. in Cr.)Q3FY25Q3FY249M FY259M FY24FY24IncomeInterest Income48.12 53.12 150.24 147.12195.25 Interest Expense26.11 25.61 75.70 74.78100.29 Net Interest Income22.01 27.51 74.54 72.33 94.96 Other Income16.02 14.24 40.37 37.27 46.79 Net Total Income38.03 41.75 114.91 109.60 141.74 ExpenditureEmployee Expenses3.45 3.17 9.80 9.35 12.70 Depreciation and Amortization expense0.17 0.27 0.69 0.85 1.13 Other Expenses2.88 2.22 7.71 6.20 10.04 Total Expenditure6.50 5.66 18.20 16.40 23.87 Pre Provision and pre fair value diminution operating profit31.53 36.09 96.71 93.21 117.87 Provisions and diminution in fair value4.00 - 5.00 4.00 4.00 Profit Before Tax27.53 36.09 91.71 89.21 113.87 Tax4.90 8.50 18.10 18.50 22.76 Profit After Tax22.63 27.59 73.61 70.71 91.11 Other Comprehensive Income0.06 0.02 (0.75)3.69 3.90 Total Comprehensive Income (PAT + OCI)22.69 27.61 72.86 74.40 95.01 Balance Sheet for 9MFY25
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Tourism Finance Corporation of India
Particulars (Rs. in Cr.)Dec-24Dec-23Mar-24AssetsFinancial Assets2,131.612,128.952,060.78Cash & Cash Equivalents 56.55119.5732.10Bank balance other than cash & cash equivalents1.331.461.45Receivables0.030.050.05Loans & AdvancesGross Loans & Advances1675.641439.081588.92Add: Retail Loans (Unsecured)0.91--Loan to Employees (Net)0.170.180.18Less: Unamortised upfront fee0.300.670.57Less: Impairment Loss/ ECL37.6532.6532.65Net Loans & Advances1638.771405.931555.87Investments422.06587.80461.18 - NCDs & Bonds40.2597.0497.04 - Certificate of Deposit98.61143.89123.83 - Debt Based Mutual Funds (Net)159.07216.15110.14 - Security Receipts104.00104.00104.00 - Equity (Listed/Unlisted)20.1326.7226.17Other Financial Assets12.8714.1410.14Non - Financial Assets37.4137.9339.80Current Tax Assets (Net)15.4713.4016.04Deferred Tax Assets (Net) 6.897.776.89Property Plant & Equipment13.2313.7913.60Right to Use Assets0.580.780.73Other Intangible Assets0.110.170.19Other non-financial assets1.132.032.34Assets classified as held for sale0.005.315.31Total Assets 2,169.022,172.192,105.89Particulars (Rs. in Cr.)Dec-24Dec-23Mar-24 Liabilities Financial Liabilities978.591,101.541,013.92 Trade Payable--- Secured/Unsecured Debentures334.25373.61373.77 Bank Borrowings631.37710.34603.89 Other financial Liabilities12.9717.5936.26 Non - Financial Liabilities1.571.342.35 Provisions0.740.651.59 Other non-financial liabilities0.830.700.76 Equity1,188.861,069.311,089.62 Equity Share Capital 92.5990.3790.37 Reserves & Surplus1,096.27978.94999.25 Total Liabilities 2,169.022,172.192,105.89 Eminent Board & Experienced Management Team
Eminent Board of Directors
Dr. S. Ravi Non-Executive Chairman (Non-Independent Director)
Sh. Parkash Chand Director (Representing LIC)
Sh. Bapi Munshi Independent Director
Mrs. Thankom T Mathew
Independent Director
Sh. Ashok Kumar Garg Independent Director
Dr. Mahabaleshwara MS Independent Director
Sh. Deepak Amitabh Independent Director
Sh. Aditya Kumar Halwasiya
Director
Sh. Anoop Bali
Managing Director & CFO
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Tourism Finance Corporation of India
Key Managerial Personnel…
• Masters in Business Administration (Gold Medalist)
• Has over 33 years of experience in Credit appraisal, Monitoring & Recovery,
NPA/Stressed Asset Management, Legal Matters, Risk Management, Accounts
& Finance, Treasury and Resource Management, Corporate Advisory, etc.
• Has expertise in development of varied hospitality projects, branding and
financial structuring.
• Eminent speaker at various tourism forums and has played key role in tourism
planning with several State Governments/ Ministry of Tourism, Govt of India.
Mr. Anoop Bali Managing Director & CFO
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Tourism Finance Corporation of India
Experienced Team of Professionals
Mrs. Charu Singh, President (Credit) ▪
Has over 2 decades of experience in project finance, appraisals & corporate finance functions with focus on tourism, urban infrastructure & manufacturing sectors Joined TFCI in 1997 and has contributed across multiple domains viz. credit appraisals, project monitoring & follow-up, credit risk management, NPA resolution and various consultancy assignments Holds an MBA (Finance) degree and is a qualified Cost Accountant (ICMAI). She is also an Certified Associate of Indian Institute of Bankers (CAIIB)
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Mr. Sanjay Behari, Vice President (Credit)
• Has more than 31 years of experience in Project Finance, Credit Administration, Post Sanction Follow-up, Debt Syndication, NPA Resolution, Asset Reconstruction,
Project/transaction Advisory & Structuring and Loan Documentation.
• He is Bachelor of Textile Engineering, M.B.A (Finance).
Mr. Tarun Gupta, Vice President (Business Development & Credit)
• Has over 19 years of experience in wholesale banking including real estate, project financing, structured finance and business development. • He is B.Tech from IIT Delhi and Post graduate in Advanced Finance.
Mr. Sanjay Modi, Vice President (Business Development & Credit)
• Has more than 18 years of experience in business sourcing, debt syndication, project finance, wholesale/structured lending, promoter funding, acquisition
finance, financial analysis & structuring and credit appraisal of large & mid-corp. projects etc.
• He is B.E. (NIT Jaipur), PGDBM (IIM, Bangalore),.
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Tourism Finance Corporation of India
Experienced Team of Professionals
Mr. Rajiv Singh, Senior Vice President (Finance and Accounts)
Has over 2 decades of experience with listed companies, public financial institution in Company Secretary functions, Accounts Finance, Resource Mobilisation, Banking operations, Risk Management, Treasury, RBI Compliances etc. An associate member of Institute of Company Secretaries of India(ICSI) Institute of Cost Accountants of India(ICMAI) and holds Bachelor of Law Degree(LLB) from Delhi University He is also a Certified Associate of Indian Institute of Bankers (CAIIB)
Mr. Sanjay Ahuja, Senior Vice President and Company Secretary
Having over 29 years of experience in corporate laws and governance related matters Fellow Member of the Institute of Company Secretaries of India, member of Institute of Cost Accountants of India and is a Law Graduate Joined TFCI in 1995 and has contributed across multiple domains viz Corporate Laws compliances, Human Resource, Administration, Risk Management, treasury and resource raising etc.
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Mr. Rudra Nath Jha, Vice President (Legal)
• Has more than 30 years of experience in various sectors viz. NBFC, telecom, real estate and electricity distribution with focus on regulatory policies coupled with
strategic litigation, Merger & Acquisition, statutory compliances and implemented best practices of the corporate world and became a solution provider.
• He is Law and Commerce graduate from Delhi University.
Shri P.K. Naik, Chief Technology Officer
• Having more than 32 years of experience in IT Governance, Information System and IT Infrastructure management, Information Security & Data protection,
Business Continuity Planning, Compliances and Business Automation in Financial Sector. A Master in Computer Application (MCA), Certified Associate of Indian Institute of Banker (CAIIB) and Certified Information System Auditor (CISA)
•
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Tourism Finance Corporation of India
Thank You
Mr. Sanjay Ahuja, Company Secretary Email id: complianceofficer@tfciltd.com Website : www.tfciltd.com
Registered & Corporate Office: 4th Floor, Tower-1 NBCC Plaza, Pushp Vihar Sector 5, Saket, New Delhi 110017 India
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