Tourism Finance Corporation of India Limited has informed the Exchange regarding 'Investor Presentation'.
H1FY26 INVESTOR PRESENTATION
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Safe Harbor
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Tourism Finance Corporation of India
Track Record of Over 36 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.
New Business
➢ TFCI is evaluating opportunity for inorganic growth by acquisition of companies having business interest in financial services. ➢ TFCI has in-principle approved to act as co-sponsor and investor of Alternative Investment Fund (Category II) in the ‘Hospitality’ &
‘Real-Estates’ sector proposed to be registered with SEBI.
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H1 FY2025-26 Profitability & Financial Highlights
Financial Performance Highlights – Last 5 years
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Tourism Finance Corporation of India
2020-212021-222022-232023-242024-25H1 FY25-26(Audited)(Audited)(Audited)(Audited)(Audited)(Reviewed)Interest Income (Rs.in Cr.)247.61247.89197.20195.25206.86113.36Other Operating Income (Rs.in Cr.)10.906.4234.5046.7953.2018.94Total Income (Rs.in Cr.)258.51254.31231.70242.04260.06132.30Net Interest Income (Rs.in Cr.)117.5127.85106.5694.96106.6968.39Profit before tax (Rs.in Cr.)99.86107.9109.37113.87128.0274.72Profit after tax (Rs.in Cr.)80.7585.3287.9591.11103.8159.62Equity share Capital (Rs.in Cr.)80.7190.3790.3790.3792.6092.60Reserve and Surplus (Rs.in Cr.)703.73838.30926.73999.251123.771158.71Net Tangible Worth (Rs.in Cr.)784.44928.661008.941074.851207.281241.72Total Borrowings (Rs.in Cr.)1363.601278.741004.73983.04866.091035.15Gross AUM (Gross Loans & Project related NCDs) (Rs.in Cr.)1976.641834.351621.481588.921693.571905.91Gross Loan Book (Rs.in Cr.)1,976.641,834.351621.481588.921693.571853.14Gross NCDs (Project-related NCDs)(Rs.in Cr.) - - - - - 52.77Investments (Rs.in Cr.)158.77165.39337.57461.18259.00389.57Gross NPLs (Rs.in Cr.)69.4813.5463.6243.6654.494.14Gross NPLs(%)3.51%0.74%3.92%2.75%3.22%0.22%Net NPLs (Rs.in Cr.)56.136.7747.8423.9727.24 Nil Net NPLs (%)2.84%0.37%2.95%1.51%1.61% Nil Debt:Equity Ratio1.74:11.38:10.98:10.91:10.72:10.82:1Earning Per Share (Rs.)*2.002.001.9462.022.241.29Book Value (Rs.)*19.4420.5522.3323.7926.0826.82CRAR(%)39.87%54.59%62.65%59.05%69.70%56.60%Return on Loan and Advances (%)12.34%12.44%12.27%12.11%12.45%12.97%Cost of Borrowing (%)9.05%8.80%9.35%9.52%9.64%9.65%NIM (%)5.31%5.77%4.97%4.58%5.07%6.20%Particulars*Restated for comparative previous periods due to split of equity share of FV Rs.10 to 5 Equity Shares of FV Rs.2 each Credit Rating
Rating Agency
Rating Amount (Amt in Rs. Crore)
Rating Action
Long Term Bonds
Bank Borrowings
ACUITE
CARE
BRICKWORK
INFOMERICSIN INFOMERICS FOMERICS
INFOMERICSI INFOMERICS NFOMERICS
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A+ Outlook: Stable (159.74)
A Outlook: Stable (175.00)
A+ Outlook: Stable (334.74)
-
A+ Outlook: Stable (950.00)
-
-
A+ Outlook: Stable (75.00)
Short Term Borrowing (Amt in Rs. Crore)
A1+ Proposed CP: 100
Reaffirmed (March 2025)
Reaffirmed (August 2025)
Reaffirmed (July 2025)
Assigned (March 2025)
Reaffirmed (March 2025)
Tourism Finance Corporation of India
Portfolio Mix – As on 30.09.2025
PAN India Presence
Sectoral Distribution of Loan Portfolio
Hotels 60%
Social Infrastructure 1%
LAS 6%
ARC & Other Financial Co. 3%
NBFC 5%
Real Estate 12%
Manufacturing 13%
Hotels
Social Infrastructure
Manufacturing
Real Estate
NBFC
LAS
ARC & Other Financial Co.
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Presence (As on 30th Sep 2025)
Historical Presence (Facilities since closed)
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
ParticularsNo. of Borrowers O/S (Rs. In Cr.)Loan Portfolio641,853.14 Gross NCDs (Project-related NCDs)-52.77 Gross Portfolio1,905.91 State/CitiesGross Loans (Rs. In Cr.)Rajasthan214.41 Gujarat309.33 Uttar Pradesh349.50 West Bengal56.83 Maharashtra394.02 Telangana90.26 Haryana41.18 Andhra Pradesh54.54 New Delhi99.80 Goa2.00 Madhya Pradesh87.98 Tamil Nadu22.00 Assam15.00 Kerala17.59 Karnataka86.18 Jharkhand3.84 Andaman & Nicobar8.68 Total1,853.14 H1FY26 – 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.)*
*Restated for comparative previous periods due to split of equity share of FV Rs.10 to 5 Equity Shares of FV Rs.2 each
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Tourism Finance Corporation of India
H1FY26 – Financial Highlights
Gross AUM (Gross Loan & Project Related NCDs) (Rs. in cr)
Gross Loans (Rs. in cr)
Return on Avg Loans (%)
1,853.14
1,711.67
1,546.56
20%
Sep-25
Sep-24
Jun-25
Gross NPL (%)
Net NPL (%)
Borrowings (Rs. in cr)
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Tourism Finance Corporation of India
H1FY26 – Financial Highlights
Cost of Borrowings (%)
NIMs (%)
ROAE (%)
ROAA (%)
Tangible Net Worth (Rs. in cr)
Capital Adequacy Ratio (%)
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Tourism Finance Corporation of India
Profit & Loss Statement – Half Year Ended 30.09.2025
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Tourism Finance Corporation of India
Particulars (Rs. in Cr.)H1FY26H1FY25Q1FY25FY25IncomeInterest Income113.36 102.12 55.85 206.86 Interest Expense44.97 49.59 21.55 100.17 Net Interest Income68.39 52.53 34.30 106.69 Other Income18.94 24.35 9.97 53.20 Net Total Income87.33 76.88 44.27 159.89 ExpenditureEmployee Expenses7.60 6.35 3.89 14.11 Depreciation and Amortization expense0.28 0.52 0.14 0.83 Other Expenses4.73 4.83 2.08 11.93 Total Expenditure12.61 11.70 6.11 26.87 Pre Provision and pre fair value diminution operating profit74.72 65.18 38.16 133.02 Provisions and diminution in fair value-1.00 -5.00 Profit Before Tax74.72 64.18 38.16 128.02 Tax15.10 13.20 7.60 24.21 Profit After Tax59.62 50.98 30.56 103.81 Other Comprehensive Income3.20 (0.82)(0.22)(3.39)Total Comprehensive Income (PAT + OCI)62.82 50.16 30.34 100.42 Earning Per Share (Rs.)*1.29 1.10 0.66 2.24 *Restated for comparative previous periods due to split of equity share of FV Rs.10 to 5 Equity Shares of FV Rs.2 each Balance Sheet As at 30.09.2025
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Tourism Finance Corporation of India
Particulars (Rs. in Cr.)Sep-25Sep-24Mar-25 Liabilities Financial Liabilities1,057.721,072.78883.41 Trade Payable--- Secured/Unsecured Debentures334.40374.04334.31 Bank Borrowings696.36660.73528.10 Other financial Liabilities26.9638.0121.00 Non - Financial Liabilities1.471.192.49 Provisions0.880.591.46 Other non-financial liabilities0.590.601.03 Equity1,251.311,166.381,216.37 Equity Share Capital 92.6092.6092.60 Reserves & Surplus1,158.711,073.781,123.77 Total Liabilities 2,310.512,240.342,102.27Particulars (Rs. in Cr.)Sep-25Sep-24Mar-25AssetsFinancial Assets2,283.222,200.352,069.28Cash & Cash Equivalents 61.2562.04140.67Bank balance other than cash & cash equivalents1.331.791.33Receivables0.050.020.04Loans & AdvancesGross Loans & Advances1853.141546.561693.57Loan to Employees (Net)0.170.170.17Less: Unamortised upfront fee0.190.340.21Less: Impairment Loss/ ECL36.1633.6537.65Net Loans & Advances1816.961512.741655.88Investments389.57610.02259.00 - Debt Based Mutual Funds190.07396.61- - NCDs & Bonds148.5115.0025.25 - Certificate of Deposit - 74.28173.13 - Security Receipts27.69104.0040.49 - Equity (Listed/Unlisted)23.3020.1420.13Other Financial Assets14.0613.7312.36Non - Financial Assets27.2934.6932.99Current Tax Assets (Net)8.6112.6113.88Deferred Tax Assets (Net) 4.156.894.15Property Plant & Equipment13.0013.3313.15Right to Use Assets0.430.630.52Other Intangible Assets0.080.140.10Other non-financial assets1.021.091.19Assets classified as held for sale-5.31-Total Assets 2,310.512,240.342,102.27 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
Managing Director & Leadership Team
• Masters in Business Administration (Gold Medalist)
• Has over 35 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.
Mr. Anoop Bali Managing Director & CFO
• Eminent speaker at various tourism forums and has played key role in tourism
planning with several State Governments/ Ministry of Tourism, Govt of India.
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Tourism Finance Corporation of India
Managing Director & Leadership Team
Mrs. Charu Singh, President (Credit)
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▪
27 years’ experience in project finance, appraisals & corporate finance functions with focus on tourism, urban infrastructure & manufacturing sectors 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)
Mr. Tarun Gupta, Vice President (Business Development & Credit)
• 19 years’ 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)
• 18 years’ 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
Managing Director & Leadership Team
Mr. Rajiv Singh, Senior Vice President (Finance and Accounts)
• 25 years’ 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
• 30 years’ 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 • Contributed across multiple domains viz Corporate Laws compliances, Human Resource, Administration, Risk Management, treasury and resource raising etc.
Mr. Rudra Nath Jha, Vice President (Legal)
• 30 years’ 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.
• B.com &LLB.
Shri P.K. Naik, Chief Technology Officer
• 32 years’ 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 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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