TATACAPNSE28 October 2025

Tata Capital Limited has informed the Exchange about Investor Presentation

Tata Capital Limited

October 28, 2025

To, The Listing Department BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 544574

To, The Listing Department National Stock Exchange of India Ltd., Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Symbol: TATACAP

Dear Sir / Madam,

Sub.: Investor Presentation on Unaudited Financial Results for the quarter and half year

ended September 30, 2025

Ref.: Tata Capital Limited (“Company”)

Pursuant to the Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and further to our letters dated October 23, 2025 and October 24, 2025, informing about the Earnings Conference call scheduled on October 28, 2025 at 05:00 p.m. IST in respect of the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2025, please find enclosed the presentation for the said Earnings Conference call.

The said presentation is also being made available on the website of the Company at https://www.tatacapital.com/about-us/investor-information-and-financials.html.

We request you to take the above on record.

Thanking you,

Yours faithfully,

For Tata Capital Limited

Sarita Kamath Chief Legal and Compliance Officer & Company Secretary

Encl.: as above

/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers

Q2FY26 Investor Presentation

28 Oct 2025

Disclaimer

This presentation is being furnished solely for your information and may not be reproduced or redistributed to any other person or used without the express consent of Tata Capital Ltd. (“Company”). The term “Company” shall include its subsidiaries unless repugnant to the context.

This presentation has been prepared by the Company to provide general information on the Company and does not purport to contain all the information. Forward-looking statements contained herein regarding past trends or activities or future business plans, strategy, financial condition, growth prospects or developments in industry, competitive or regulatory environment should not be taken as a representation that such trends or activities will continue in the future. There is no obligation to update or revise any forward-looking statements. Actual results may differ materially from these forward-looking statements due to a number of factors.

This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any securities or instruments and nothing in this presentation should be construed as advice or solicitation to invest in the Company or any of its instruments or securities or otherwise.

Neither the Company nor any of its affiliates, shareholders, directors, employees, agents or representatives makes any warranty or representation as to the completeness of the information contained herein (including statements of opinion and expectation) or as to the reasonableness of any assumptions contained herein and shall not be liable for any loss or damage (direct or indirect) suffered as a result of reliance upon any statements contained in, or any omission here-from.

By viewing this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing terms.

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Executive Summary – Q2FY26 Performance Update (1/3)

Excluding Motor Finance

Including Motor Finance

• Tata Motors Finance acquisition completed on May 8, 2025. Integration

₹ 2,15,574 Cr AUM

₹ 2,43,896 Cr AUM

22.0% YoY | 4.1% QoQ

2.7% QoQ

2.3% Opex / Average loans

2.6% Opex / Average loans

progressing well - in line with our plans.

• For better understanding, we have presented figures both excluding and

including Motor Finance business.

• While figures excluding Motor Finance can be compared on YoY and QoQ

Q2FY25 2.4%(1) | Q1FY26 2.2%

Q1FY26 – 2.4%

bases, figures including Motor Finance are best viewed on a QoQ basis.

₹ 1,128 Cr PAT

33% YoY(1) | 10% QoQ

2.2% ROA Q2FY25 2.0%(1) | Q1FY26 2.1%

1.1% Credit Cost

Q2FY25 0.8% | Q1FY26 1.4%

₹ 1,097 Cr PAT

10.9% QoQ

1.9% ROA

Q1FY26 - 1.8%

1.3% Credit Cost

Q1FY26 – 1.6%

Q2FY26 (excluding Motor Finance):

• AUM at ₹ 2,15,574cr (22% YoY growth).

• Annualized credit cost at 1.1% (vs. 1.4% in Q1FY26). NNPA at 0.6% (same as

Q1FY26 levels).

• PAT at ₹ 1,128cr (33%(1) YoY growth)

(1) Adjusted for non-recurring income and expenses largely attributed to PE exit in Q2FY25.

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Executive Summary – Q2FY26 Performance Update (2/3)

Scale

⚫ Excluding Motor Finance, AUM at ₹ 2,15,574cr (up 22% YoY). Including Motor finance, AUM at ₹ 2,43,896cr (up 2.7% QoQ).

⚫ AUM addition in Q2FY26 – ₹ 8,440cr (excluding Motor Finance), and ₹ 6,388cr (including Motor Finance).

⚫ Focused on improving business metrices in Motor Finance (~10% of gross loans) before accelerating growth.

⚫ Retail + SME constitute ~88% of gross loans. Unsecured retail forms ~12% of gross loans.

Distribution

⚫ 1,479 branch locations across 27 states and union territories.

⚫ Combining physical presence with end-to-end digital capabilities, providing Phygital network.

⚫ As of Sep-25, our customer franchise stood at 7.7mn.

Liability and Networth

⚫ Total equity as of Sep-25 at ₹ 35,081cr and including primary portion of IPO ₹ 41,777cr.

⚫ Consolidated borrowings as of Sep-25 at ₹ 2,12,888cr. Consolidated debt to equity ratio at 6.1x (including IPO at 4.9x).

⚫ In Q2FY26, consolidated cost of funds was at 7.4% vs. 7.8% in Q1FY26 (34bps lower).

⚫ Liquidity buffer of ₹ 35,557cr as of Sep-25 on consolidated basis.

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Executive Summary – Q2FY26 Performance Update (3/3)

Operating efficiency

⚫ Net interest income: ₹ 2,637cr (23% YoY growth). Including Motor Finance, net interest income at ₹ 3,003cr (5% QoQ growth).

⚫ Cost to income ratio: 36.6% (vs. 40.1% in Q2FY25(1)). Including Motor Finance, cost to income ratio at 39.7% (vs. 36.8% in Q1FY26). Higher cost to income ratio

compared to Q1FY26 mainly on account of annual employee payout cycle in Q2FY26.

⚫ On-roll employees count stood at 29,992.

Asset quality

⚫ Asset quality in unsecured retail has started showing improving trends. Excluding Motor Finance:

o Credit cost declined (Q2FY26 at ₹ 565cr vs. Q1FY26 at ₹ 695cr).

o Annualized credit cost to average net loan book declined to 1.1% in Q2FY26 (vs. 1.4% in Q1FY26).

o GNPA & NNPA stood at 1.6% & 0.6%, respectively, as of 30-Sep-2025 (inline with Q1FY26 levels).

⚫ Motor finance - we have strengthened collection efforts and aligned risk management practices with that of Tata Capital.

Profitability

⚫ Excluding Motor Finance, PAT for Q2FY26 at ₹ 1,128cr (33%(1) YoY growth). Consolidated PAT (including Motor Finance) for Q2FY26 at ₹ 1,097cr.

⚫ Excluding Motor Finance: ROA for Q2FY26 at 2.2% (vs. 2.0% in Q2FY25(1)). ROE for Q2FY26 at 14.9% (vs. 13.7% in Q2FY25(1)).

⚫ Including Motor Finance: ROA for Q2FY26 at 1.9% (vs. 1.8% in Q1FY26). ROE for Q2FY26 at 12.9% (vs. 12.5% in Q1FY26).

(1) Adjusted for non-recurring income and expenses largely attributed to PE exit in Q2FY25.

/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers

Company Overview

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About Tata Capital

Group

85.4%(1) Tata Sons: 78.8%

Tata Capital is an upper layer NBFC with a 100% owned housing finance subsidiary

~₹ 2.44tn AUM as of Sep 30, 2025

Retail & SME form ~88% of book

100%

Tata Capital Housing Finance Ltd. (“TCHFL”)

Tata Securities Ltd.

Tata Capital Pte. Ltd. (Singapore)

Private equity

Wealth management

Distribution of insurance and credit cards

Non-lending businesses

Engaged in housing finance business

Distributes mutual funds and other financial products

Operates fund management business

Other subsidiaries: Tata Capital has other step-down subsidiaries through which it operates its domestic private equity business

(1) Cumulative shareholding of the Tata Group, on fully diluted basis, as at October 10, 2025.

Tata Capital Limited (“TCL”) completed merger with Tata Motors Finance Limited (“TMFL”) in May-25 with an appointed date of Apr 1, 2024

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Our Purpose – Responsible Financial Partner Fulfilling India’s Aspirations

Delivering Delight

We go above and beyond to care and make people

happy; We deliver delight to all stakeholders.

Lead with Trust

We respect and reinforce the trust that is placed in

us. We are the partner the country can rely on.

Capital & more

We serve the customer through the life-cycle

of needs; We are facilitators and counsellors in

helping customers achieve their dreams.

Better Together

We actively collaborate with customers,

partners, employees, group companies,

communities; their success is our success.

Fast Forward

We bring speed and simplicity; accelerating the

pace at which the future becomes the present.

Futuready

We innovate and leverage technology to anticipate, serve

and shape future needs; setting the path for others to follow.

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Our Journey – Building a Diversified Retail and SME Focused Book

Gross loans (₹ bn)

Successfully listed on NSE and BSE in Oct-25

Mr. Rajiv Sabharwal took over as MD & CEO

Crossed ₹ 1tn mark in terms of loan book

Crossed ₹ 2tn mark in terms of loan book

TMFL merged into TCL

TCFSL and TCCL merged into TCL International BBB- credit rating by S&P, Fitch

Crossed ₹ 500bn mark in terms of loan book

Credit rating upgrade (domestic) from AA+ to AAA(1)

Commenced lending operations

2,266 Mar-25

2,400 Sep-25

1,612 Mar-24

1,202 Mar-23

2007

2017

2018

2022

2023

2024

2025

Sep-25

Strong track record with 18 years of profitability; Delivering growth across economic cycles

Gross loans data represented as of March 31 for the FY; TCFSL: Tata Capital Financial Services Limited; TCCL: Tata Cleantech Capital Limited; TMFL: Tata Motor Finance Limited; (1) By CRISIL.

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Our Key Strengths

Omni-channel “Phygital” model powered by nationwide network, partnerships, and digital platforms

“Tata” brand name

3rd largest diversified NBFC in India with a comprehensive product suite

Prudent risk culture and strong underwriting driving stable asset quality

Digital, GenAI, and analytics at the core, driving superior experiences and outcomes

Highest credit rating and diversified liabilities ensuring lower cost of funds

Highlights

Source: CRISIL Report; Note: (1) Based on total gross loans as of Jun 30, 2025

Led by a highly experienced management team (combined experience of over 400 years) and guided by best-in-class governance standards

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Tata Capital Limited – Financial Performance Summary

Particulars (₹ crores)

Assets under management (net)

Net loan book

Total Income

Finance Cost

Net Total Income

Operating expenses

Pre-provisioning operating profit

Credit cost

Profits before tax PAT (excl. non-recurring income)(1) Non recurring income (PAT impact)

Profits after tax (PAT)

Ratios

Cost to income

Cost to Average Assets

Credit cost

GNPA

NNPA

PCR

Return on Assets (2-point average)

Return on Assets (Daily average)

Return on Equity (2-point average)

Return on Equity (Daily average)

Highlights

EPS (Rs.)

FY18

61,400

60,442

6,784

3,882

2,902

1,519

1,383

338

1,045

605

FY18

52.3%

2.8%

0.6%

2.4%

0.4%

83.6%

1.1%

15.3%

15.6%

2.1

FY19

76,343

75,737

9,205

5,188

4,017

1,993

2,024

665

1,358

780

FY19

49.6%

2.9%

1.0%

1.7%

0.4%

79.7%

1.1%

1.2%

13.2%

13.9%

2.6

FY20

75,095

74,681

9,791

5,771

4,020

1,803

2,217

1,581

636

296

FY20

44.8%

2.4%

2.1%

1.9%

0.6%

71.8%

0.4%

3.6%

3.7%

0.9

FY21

73,935

73,626

9,985

5,213

4,772

1,704

3,068

1,450

1,618

1,126

FY22

90,337

90,120

10,307

4,889

5,417

2,101

3,316

1,078

2,238

1,688

1,126

1,688

FY21

35.7%

2.3%

2.0%

2.5%

0.9%

65.4%

1.5%

1.6%

12.0%

12.2%

3.2

FY22

38.8%

2.6%

1.3%

1.9%

0.6%

71.0%

2.1%

2.2%

15.3%

16.0%

4.7

FY23

FY24

FY25 (ex-TMFL)

1,16,944

1,57,875

1,16,789

1,57,761

12,918

18,198

6,601

6,317

2,665

3,652

582

3,070

2,317

712

3,029

FY23

42.2%

2.6%

0.6%

1.7%

0.4%

77.1%

2.2%

2.3%

15.8%

17.9%

8.4

9,568

8,630

3,624

5,006

602

4,404

3,150

FY24

42.0%

2.6%

0.4%

1.5%

0.4%

70.7%

2.3%

2.4%

15.5%

17.6%

8.6

1,96,942

1,94,518

23,205

12,598

10,607

4,249

6,358

1,530

4,828

3,589

123

3,712

FY25 (ex-TMFL)

40.1%

2.4%

0.9%

1.5%

0.5%

65.8%

2.0%

2.1%

13.8%

14.7%

9.4

(1) Adjusted for non-recurring income and expenses largely attributed to PE exit in Q2FY25

FY25

2,30,455

2,21,950

28,008

15,030

12,978

5,404

7,574

2,806

4,768

3,542

123

3,665

FY25

41.6%

2.6%

1.4%

1.9%

0.8%

58.5%

1.7%

1.8%

12.2%

12.6%

9.3

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Business Overview

Pan-India “Phygital” Distribution Model

Chandigarh

Punjab

Haryana

Delhi

Rajasthan

155

Gujarat

Maharashtra

101

Madhya Pradesh

114

138

152

Goa

Karnataka

Kerala

West Bengal

Jharkhand

Odisha

Chhattisgarh

Telangana

Andhra Pradesh

205

Puducherry

Tamil Nadu

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Highlights

Jammu & Kashmir

Himachal Pradesh

Uttarakhand

Uttar Pradesh

Bihar

1,479 Branches

27 States and UTs

1,087 Locations

123

Assam

Meghalaya

Tripura

Branch network

# of branches

2.7x

1,479

Significant addition

539

Leveraging geo-analytics to identify high potential areas with focus on deeper markets

Mar-23

Sep-25

In-house sales supported by External Partner ecosystem

Phygital ecosystem (Digital presence through app & website)

19,695

In-house sales team

30K+

DSAs

140 Lakh+

350 Lakh+

Mobile app downloads(1)

Website traffic visits(2)

All values are for Q2 FY26 / as of Sep-25, unless specified otherwise; (1) Includes Corporate, Retail and Motor Finance app downloads; (2) During the period Apr-25 to Sep-25

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Product Offerings – Retail and SME Driven Growth

Comprehensive product suite which helps manage risk across economic cycles

Gross loans: ₹ 2,39,960cr

Developer finance 5.7%

Supply chain finance 7.6%

Home loans 17.2%

Cleantech and Infrastructure finance 8.6%

Term loans 17.1%

Loan against property 12.3%

Personal / Business loans 10.4%

Retail 61%

Others 5.2%

CEQ/TW 5.6%

Motor Finance 10.3%

Retail : SME : Corporate 61% : 27% : 12%

TCHFL one of the largest HFCs with best-in-class return profile

25+ lending products – comprehensive suite

Retail unsecured(1) at 11.6% of the book

Organic book ~99%

Granular(2) ~99%

All values are as of Sep 30, 2025; HFCs: Housing finance companies; Others include products that contribute less than 2% of our gross loan book (education loan, microfinance, loan against securities, car loans); Supply chain finance, equipment finance, and leasing solutions (+) term loans, cleantech & infrastructure finance, and developer finance to businesses with latest available turnover of <= ₹ 2.5bn are categorized as SME loans; Term loans, cleantech & infrastructure finance, and developer finance to businesses with latest available turnover of > ₹ 2.5bn are categorized as corporate loans; Term Loans include Equipment Finance, Loans against Property includes secured business loan and Supply Chain Finance includes leasing solutions. Motor Finance business includes commercial vehicle, portion of car loans & supply chain finance. (1) Retail unsecured loans incl. personal loans, business loans, microfinance loans and education loans. (2) Total gross loans with ticket size < ₹ 10mn.

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Business Segment Wise Gross Loans

Amount (₹ cr)

Mar-25

Jun-25

Sep-25

Mar-25

Particulars

Home loans

Loan against property

Personal / Business loans

CEQ / Two-Wheeler

Term loans

Cleantech and Infrastructure finance

Supply chain finance

Developer finance

Others

38,403

26,438

24,866

14,783

35,588

18,182

17,114

11,565

11,225

40,159

27,865

24,641

12,983

38,957

20,566

17,608

12,919

11,911

41,267

29,620

24,884

13,320

41,114

20,724

18,233

13,628

12,496

% Mix

Jun-25

17.2%

11.9%

10.6%

5.6%

16.7%

8.8%

7.5%

5.5%

5.1%

89.0%

11.0%

Sep-25

17.2%

12.3%

10.4%

5.6%

17.1%

8.6%

7.6%

5.7%

5.2%

89.7%

10.3%

17.0%

11.7%

11.0%

6.5%

15.7%

8.0%

7.6%

5.1%

5.0%

87.5%

12.5%

Total (excl. Motor Finance)

1,98,164

2,07,609

2,15,286

Motor Finance

28,389

25,789

24,675

Total (incl. Motor Finance)

2,26,553

2,33,399

2,39,960

100.0%

Term Loans include Equipment Finance, Loans against Property include secured business loan and supply chain finance includes leasing solutions. Motor Finance business includes commercial vehicle, portion of car loans, supply chain finance.

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Product Offerings – Retail

Products

Description

Gross loans (₹ cr)

% share in total gross loans

Average ticket size (₹ lakh)(1)

YoY growth (%)

Gross loans CAGR (2)

s t c u d o r p

l i a t e R

Home loans

Loans to salaried and self-employed individuals through TCHFL (50% of gross loans were to salaried individuals)

Loan against property

Secured loans largely to salaried and self-employed individuals to finance personal or business expenditures

Personal loans

Unsecured personal loans to individuals, primarily salaried individuals

Business loans

Loans for working capital, asset acquisitions, business growth, establishment of new businesses or ancillary units

Secured business loans

Loans to micro-enterprises, backed by property as collateral

Two-wheeler loans Loans to salaried and self-employed individuals

Construction equipment loans

Loans to individual operators, fleet operators to finance the purchase of construction equipments and machinery

Car loans

Loan against securities

Loans to salaried and self-employed individuals for the purchase of new / pre-owned passenger cars

Loans secured by pledge of the borrowers’ invested securities

Microfinance loans

Loans under the joint liability group model to women from low-income groups

Commercial vehicle loans

Loans to primarily individuals, small fleet operators, market load operators and strategic customers who operate large fleets to finance the purchase of new / pre-owned CVs

41,267

29,517

15,246

9,638

101

7,370

5,950

5,820

4,352

2,401

23,758

Education Loans

Student loans for higher education at institutions in India and overseas

607

All values are as of Sep 30, 2025, unless specified otherwise; (1) As of Sep 30, 2025; (2) From Mar-23 to Sep-25.

17.2%

12.3%

6.4%

4.0%

0.04%

3.1%

2.5%

2.4%

1.8%

1.0%

9.9%

0.3%

32.0

16.8

4.0

13.0

9.5

1.1

79.1

6.6

34.4

0.5

15.9

35.5

18.3%

26.0%

(3.8%)

11.3%

17.2%

9.5%

9.7%

23.3%

0.4%

(12.6%)

28.4%

27.2%

18.8%

31.0%

32.5%

7.1%

31.7%

46.1%

87.5%

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Product Offerings – SME & Corporate

Products

Description

Gross loans (₹ cr)

% share in total gross loans

Average ticket size (₹ lakh)(3)

YoY growth (%)

Gross loans CAGR(4)

Term loans

Loans typically to fund brownfield and greenfield projects, capital investments such as machinery, working capital requirements or other general purposes

39,163

16.3%

3,031.8

32.7%

32.1%

) 1 ( s t c u d o r p e t a r o p r o C & E M S

Cleantech and Infrastructure finance

Term loans to finance projects in renewable energy, energy efficiency, electric mobility, waste management, water management sectors and other infrastructure projects (financed 500+ cleantech projects)

20,724

8.6%

14,064.6

26.9%

31.4%

Supply chain finance

Working capital solutions to distributors and dealers in the form of channel finance and factoring and to the suppliers in the form of vendor finance

15,497

6.5%

324.0

(3.8%)

11.9%

Developer finance

Loans (through TCHFL) to real estate developers, secured by way of mortgage and / or hypothecation over the underlying project (relationships with 150 active developers in 11 cities)

13,628

5.7%

6,515.0

37.8%

34.0%

Leasing solutions(2)

Solutions tailored to SMEs & corporates for multiple categories of assets, such as cars, IT assets, CV/CEs, plant and machinery, electric vehicles etc.

2,970

1.2%

1,806.5

9.2%

11.7%

Equipment finance

Financing of equipment ranging from heavy machinery to office equipment

1,950

0.8%

159.7

2.0%

10.3%

All values are as of Sep 30, 2025, unless specified otherwise; (1) Supply chain finance, equipment finance, and leasing solutions (+) term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of <= ₹ 2.5bn are categorized as SME loans; term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of > ₹ 2.5bn are categorized as corporate loans; (2) Denotes finance lease; TCL also offers operating leases / rental solution ; (3) As of Sep 30, 2025; (4) From Mar-23 to Sep-25.

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Non-Lending Businesses

Private Equity

Wealth Management

Distribution of Insurance

⚫ Currently focused on two themes:

Growth

Healthcare

Focused on urbanisation, manufacturing and strategic services

Focused on pharmaceuticals, hospitals, contract research and manufacturing services, diagnostic chains and other healthcare services

⚫ Currently in the process of raising Fund III for both these themes

⚫ Offers wealth management services for high-net-worth individuals and retail clients through “Tata Capital Wealth”

⚫ Holds corporate agent (composite)

license from IRDAI for the distribution of life, general and health insurance products

⚫ Dedicated team of wealth managers and investment product specialists

8.6mn+(1) Insurance policies in force across life, general and health categories

₹ 7,807cr Raised across domestic funds and offshore funds

53 deals in over 15 years

⚫ Planning to launch Decarbonization

Fund

Scale

₹ 7,291cr

Growth

26% CAGR (Mar-23 to Sep-25)

All values are as of Sep 30, 2025, unless specified otherwise; (1) As of Jun 30, 2025

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Consolidated Financial Performance (Excluding Motor Finance)

Q2FY25

Q1FY26

Q2FY26

YoY growth H1FY25

H1FY26

YoY growth

FY25

1,76,637

2,07,134

2,15,574

1,76,536

2,03,705

2,11,293

2,139

2,507

2,637

1,76,637

2,15,574

1,76,536

2,11,293

Particulars (₹ crores)

Assets under management (net)

Net loan book

Net interest income

Fee income

Investment income

Net total income

Operating expense

Pre-provisioning operating profit

Loan losses and provisions

Profit before tax

Profit after tax (excl. non-recurring income)

Non-recurring income (PAT impact)(1)

Profit after taxes (attributable to owners of the company)

Ratios(2)

Annualized operating expense on average net loan book

Cost to income ratio

Annualized credit cost on average net loan book

Annualized Return on average net loan book

370

2,599

1,043

1,557

349

1,208

849

116

965

2.4%

40.1%

0.8%

2.0%

22%

20%

23%

59%

16%

28%

17%

36%

62%

28%

33%

506

184

3,197

1,077

2,116

695

1,425

1,021

588

105

3,330

1,220

2,110

565

1,545

1,128

1,021

1,128

17%

2.2%

33.7%

1.4%

2.1%

2.3%

36.6%

1.1%

2.2%

22%

20%

24%

53%

59%

30%

10%

43%

116%

26%

5,147

1,094

289

6,530

2,297

4,232

1,260

2,972

2,151

18%

2.3%

35.2%

1.2%

2.1%

4,137

713

182

5,032

2,083

2,949

584

2,365

1,702

123

1,825

2.5%

41.4%

0.7%

2.0%

1,96,897

1,94,518

8,897

1,581

129

10,607

4,249

6,358

1,530

4,828

3,589

123

3,712

2.4%

40.1%

0.9%

2.0%

13.8%

Highlights

Annualized Return on average equity

13.7%

14.3%

14.9%

14.0%

14.2%

(1) Reflects non-recurring income and expenses largely attributed to PE exit; (2) Excl. non-recurring income.

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Consolidated Financial Performance (Including Motor Finance)

Particulars (₹ crores)

Assets under management (net)

Net loan book

Net interest income

Fee income

Investment income

Net total income

Operating expense

Pre-provisioning operating profit

Loan losses and provisions

Profit before tax

Profit after tax (excl. non-recurring income) Non-recurring income (PAT impact)(1)

Profit after taxes (attributable to owners of the company)

Ratios(2)

Annualized operating expense on average net loan book

Cost to income ratio

Annualized credit cost on average net loan book

Annualized Return on average net loan book

Annualized Return on average equity

QoQ growth

16%

(43%)

12%

(1%)

(15%)

11%

Q1FY26

2,37,508

2,28,579

Q2FY26

2,43,896

2,34,991

2,867

576

184

3,626

1,335

2,291

909

1,383

990

2.4%

36.8%

1.6%

1.8%

12.5%

3,004

666

105

3,774

1,497

2,277

773

1,504

1,097

2.6%

39.7%

1.3%

1.9%

12.9%

H1FY26

2,43,896

2,34,991

5,870

1,241

289

7,400

2,832

4,568

1,682

2,886

2,087

2.5%

38.3%

1.5%

1.8%

12.5%

Merger with Tata Motors Finance became effective on May 8, 2025 - Q1FY26 is the first quarter of combined operations

(1) Reflects non-recurring income and expenses largely attributed to PE exit; (2) Excl. non-recurring income.

FY25

2,30,455

2,21,950

10,690

1,984

305

12,978

5,404

7,574

2,806

4,768

3,542

123

3,665

2.6%

41.6%

1.4%

1.7%

12.2%

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Asset Quality Update (1/3)

Particulars

Gross loans

Gross loan mix

Gross Stage 1

Gross Stage 2

Gross Stage 3

Provision coverage

Stage 1

Stage 2

Stage 3

Overall

Net loan mix

Net Stage 1

Net Stage 2

Net Stage 3

Excluding Motor Finance

Consolidated

31-Mar-25

1,98,164

30-Jun-25

2,07,609

30-Sep-25

2,15,286

30-Jun-25

2,33,399

30-Sep-25

2,39,960

97.4%

1.1%

1.5%

0.6%

15.8%

65.8%

1.8%

98.5%

0.9%

0.5%

97.3%

1.1%

1.6%

0.6%

15.1%

64.2%

1.7%

98.4%

1.0%

0.6%

97.4%

1.0%

1.6%

0.5%

14.5%

64.0%

1.7%

98.5%

0.9%

0.6%

95.9%

2.0%

2.1%

0.6%

12.9%

53.9%

2.0%

97.2%

1.8%

1.0%

95.9%

1.9%

2.2%

0.6%

12.2%

52.8%

2.0%

97.2%

1.7%

1.1%

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Asset Quality Update (2/3)

Particulars

Home loans

Loan against property

Personal / Business loans

CEQ / Two-Wheeler

Term loans

Cleantech and Infrastructure finance

Supply chain finance

Developer finance

Others

Total (excl. Motor Finance)

Motor Finance

Total (incl. Motor Finance)

Gross Stage 3

Net Stage 3

Provision Coverage

Mar-25

Jun-25

Sep-25

Mar-25

Jun-25

Sep-25

Mar-25

Jun-25

Sep-25

0.6%

1.5%

5.2%

3.1%

0.4%

0.3%

0.9%

0.8%

2.0%

1.5%

4.1%

1.9%

0.7%

1.4%

5.5%

3.3%

0.4%

0.2%

1.1%

0.7%

2.7%

1.6%

5.9%

2.1%

0.7%

1.4%

5.7%

3.4%

0.4%

0.2%

1.1%

0.7%

3.3%

1.6%

7.7%

2.2%

0.3%

0.6%

1.5%

1.6%

0.2%

0.1%

0.2%

0.1%

0.5%

2.5%

0.8%

0.3%

0.6%

1.7%

1.6%

0.2%

0.1%

0.3%

0.1%

0.9%

0.6%

4.1%

1.0%

0.4%

0.6%

1.8%

1.7%

0.2%

0.1%

0.3%

0.1%

1.1%

51.2%

50.7%

50.0%

57.7%

56.4%

54.7%

73.2%

70.5%

70.3%

50.5%

52.4%

51.8%

55.3%

54.2%

53.5%

65.0%

75.4%

72.7%

74.5%

89.4%

89.1%

75.8%

67.1%

67.6%

0.6%

65.8%

64.2%

64.0%

5.3%

39.2%

31.9%

32.3%

1.1%

58.5%

53.9%

52.8%

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Asset Quality Update – Collection Efficiency (3/3)

Particulars

Jan-25

Feb-25

Mar-25

Apr-25

May-25

Jun-25

Jul-25

Aug-25

Sep-25

Home Loan

99.8%

99.9%

99.8%

99.9%

99.8%

Loan Against Property

99.6%

99.7%

99.6%

99.7%

99.6%

99.7%

Personal Loan

99.0%

98.9%

99.2%

98.7%

99.2%

98.9%

99.2%

99.1%

Business Loan

99.2%

99.1%

99.3%

98.9%

99.2%

98.9%

99.3%

99.2%

Two-wheeler

98.8%

98.5%

99.0%

98.0%

99.0%

98.7%

98.4%

98.8%

98.7%

Used Car Loans

98.9%

99.2%

98.3%

99.1%

98.9%

99.0%

Collection efficiency defined as POS of 0 DPD customers who cleared dues / POS of 0 DPD customers

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Material Subsidiary TCHFL

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Tata Capital Housing Finance Limited (TCHFL) Overview

AUM 26,384 Cr

27,074 Cr

24,855 Cr

28,604 Cr

36,995 Cr

51,455 Cr

67,252 Cr

75,636 Cr

FY19

PBT

127 Cr

FY20

255 Cr

FY21

478 Cr

FY22

760 Cr

FY23

1,101 Cr

FY24

1,539 Cr

FY25

H1 FY26

2,013 Cr

1,142 Cr

FY 22-H1 FY 26 : CAGR 32%

FY 22-FY 25: CAGR 38%

TCHFL Q2FY26 Performance Summary

₹ 75,636cr AUM

₹ 440cr PAT

30% YoY | 5% QoQ

28% YoY | 7% QoQ

32.9% Cost to Income

2.4% ROA

Q2FY25 35.9% | Q1FY26 30.5%

Q2FY25 2.4% | Q1FY26 2.4%

0.3% Net NPA

18.5% ROE

Q2FY25 0.4% | Q1FY26 0.3%

Q2FY25 18.7% | Q1FY26 18.4%

•

Branches increased from 57 in Mar-19 to 329 in Sep-25. 80% of the

incremental branches in Tier 3 onwards.

Granular book - average ticket size stands at ₹ 20lakhs for retail and ₹ 65cr for

developer finance.

Salaried and self-employed customer mix - 42% : 58%.

Sourcing mix - 62% direct and 38% DSA.

Among the top originators in Affordable Home Loans.

Best-in-class asset quality - annualized credit cost at 0.1%; Net NPA at 0.3%.

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TCHFL Portfolio Overview

Prime and Near Prime Home Loans

• Catering to Salaried & SENP customers

• Presence in Metro, Tier 1 & 2 cities

• Granular Book with ATS of ₹ 40lakhs

Affordable Housing Finance (AHF) including Micro Housing (MH)

•

Includes Affordable Home Loans + LAP

• Catering to first time home buyers, new to

credit with household income <6lakhs

• Presence in Tier 3, 4 & beyond markets

• Average ticket size of ₹ 12lakhs

Prime & Near Prime HL

43%

32,174cr

Prime LAP

20%

15,229cr

MH 1%

801 Cr

AHF

19%

14,073cr

DF 18%

13,358cr

Q2 FY26 AUM ₹ 75,636cr

Loan Against Property

• Catering to Metro, Tier 1 & 2 cities

• Granular Book with ATS of ₹ 12lakhs

• Overall LAP ₹ 21,181cr:

• ₹ 15,229cr prime LAP

• ₹ 5,952cr part of Affordable LAP

Developer Finance (DF)

• Funding for undertaking construction &

development of real estate projects

• Present in select 11 cities

• Average ticket size of ₹ 65cr

MH – Micro housing; SENP – Self-employed non-professional; ATS – Average ticket size; LAP – Loan against property.

TCHFL – Financial Performance Summary

Q2FY25

Q1FY26

Q2FY26

YoY growth H1FY25

H1FY26

YoY growth

FY25

Particulars (₹ crores)

Assets under management (net)

Net loan book

Net interest income

Fee income

Investment income

Net total income

Operating expense

Pre-provisioning operating profit

Loan losses and provisions

Profit before tax

Profit after tax

Ratios

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58,257

58,211

71,913

70,572

75,636

73,774

544

655

235

420

(40)

460

343

674

134

828

253

575

552

412

694

181

899

296

603

590

440

30%

27%

28%

101%

15%

37%

26%

44%

28%

30%

27%

69%

21%

33%

15%

43%

16%

58,257

58,211

1,078

186

1,301

475

826

(158)

984

733

1.7%

36.5%

(0.6%)

2.7%

20.7%

75,636

73,774

1,369

314

1,727

549

1,178

1,142

852

1.6%

31.8%

0.1%

2.4%

18.4%

67,252

66,405

2,343

427

2,834

972

1,862

(151)

2,013

1,499

1.7%

34.3%

(0.3%)

2.5%

19.3%

Annualized operating expense on average net loan book

Cost to income ratio

Annualized credit cost on average net loan book

Annualized Return on average net loan book

Annualized Return on average equity

1.7%

35.9%

(0.3%)

2.4%

18.7%

1.5%

30.5%

0.1%

2.4%

1.6%

32.9%

0.1%

2.4%

18.4%

18.5%

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Motor Finance Update

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Motor Finance Business Overview

One of India’s leading vehicle financiers

Net loan book movement

Net loan book mix (Sep-25)

Consolidating loan book in line with strategy to improve business metrics

Realigning portfolio mix to improve book yield and asset quality

Between Mar-25 and Sep-25, net loan book lower by ₹ 2,996cr

26,694

24,874

23,698

Used Vehicle, 32%

Others, 6%

All values are as of Sep-25 or for Q2FY26, unless specified otherwise; ILMSCV – Intermediate, Light, Medium & Small Commercial Vehicles HCV – Heavy Commercial Vehicles.

Mar-25

Jun-25

Sep-25

ILMSCV, 22%

HCV-New, 41%

Net loan book

₹ 23,698 Cr

Disbursement

₹ 1,703 Cr

Customers served

2.5mn+

Extensive network

354

Dealer touchpoints

750+

Workforce

5,433

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Turnaround Strategy for Motor Finance Business (1/2)

• Tata Motors Finance acquisition completed on May 8, 2025.

• Current focus is on transforming and integrating the business. Progress in line with our plans.

• CV cycle remains key monitorable.

Key Drivers

Updates

• Tied up with multiple OEMs. Contribution of other OEMs in disbursement of new vehicle loans increasing.

• Multi OEM model

Disbursements

Q4FY25

Q2FY26

Non-Tata OEM contribution

13%

• Added over 300 dealers in last six months.

• Change in product mix

• Pivoting towards Used business and within New, focusing on ILMSCV.

• Disbursement IRRs showing improving trends (12.8% in Q4FY25 vs. 13.4% in Q2FY26).

Disbursement mix

Q4FY25

Q2FY26

Used proportion

HCV new

ILMSCV new

42%

37%

16%

47%

29%

23%

• Liability management

• Rating upgrade benefit because of merger - cost of funds lower by ~60bps.

• Tata Motor Finance Limited was AA+ rated (vs. AAA rating of Tata Capital).

• 100% of variable rate borrowings (~88% of total) already repriced.

ILMSCV – Intermediate, Light, Medium & Small Commercial Vehicles; HCV – Heavy Commercial Vehicles.

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Turnaround Strategy for Motor Finance Business (2/2)

Key Drivers

Updates

• Risk management practices

• Vehicle valuation process has been restrengthened by putting centralized monitoring.

• Credit underwriting policies revised and strengthened.

• Focus on de risking the portfolio by funding consumption mix (SCV & ILCV).

• Geographic limit have been put to have a cost-effective sourcing and collections.

• Rationalization of branches (over 90 branches closed in Q2FY26).

• Plan to leverage the existing Tata Capital branches to scale up Motor Finance Business.

• Reduce cost to income ratio

• Consolidation of manpower in common functions and rationalization in support group (employee strength at 5,433

vs. 6,351 in Mar-25).

•

IT integration and rationalization is under progress.

• Market expected to pick up in H2 post GST cut.

• Market Outlook

• Major drivers - domestic consumption, stable fuel prices, better operating economics due to price reduction.

• Large fleet owners going slow on capacity addition - resulting in flat growth in HCV in number terms.

• Retail buying in ILMSCV segments expected to grow.

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Liability & Asset Profile

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Diversified & Stable Liability Profile

Highest possible domestic credit rating

Int’l credit rating of BBB

AAA with stable outlook

1st USD bond issue in Jan’25

Access to diverse pool of domestic and

international lenders at competitive rates

Diversified Funding Sources

₹ Cr

55,241

69,801

72,030

69,524

86,220

1,13,336

1,48,185

1,83,167

1,91,739

1,98,145

2,08,415

2,11,852

2,12,888

32%

37%

1% 13%

10%

27%

34%

24%

19%

36%

30%

13%

42%

27%

13% 7%

41%

31%

Mar'18

Mar'19

Mar'20

Mar'21

Mar'22

11% 5%

39%

34%

10% 5%

35%

38%

10% 4%

30%

43%

10% 4%

31%

41%

10% 4%

31%

41%

12% 4%

30%

11%

39%

8% 4%

34%

12%

38%

9% 4%

35%

12%

36%

Mar'23

Mar'24

Jun'24

Sep'24

Dec'24

Mar'25

Jun'25

Sep'25

NHB

Bank Loans

ECB/ MTN

NCD

Tier II/ Perpetual

CP/ WCDL

One of the Lowest Cost of Borrowings

8.3%

8.1%

7.6%

7.4%

7.3%

6.3%

6.6%

7.8%

7.9%

7.8%

7.4%

FY18

FY19

FY20

FY21

FY22

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

NHB: National Housing Bank, ECB: External commercial borrowing, MTN: Medium term note, NCD: Non-convertible debenture, CP: Commercial paper, WCDL: Working capital demand loan

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Key Ratios

20.0%

10.0%

15%

6.3x

6.8x

6.6x

6.5x

6.1x

8.0x Post IPO

4.9x

6.0x

4.0x

17.3%

2.0x 21.5%

16.7%

16.6%

16.4%

16.3%

16.9%

16.6%

11.9%

11.7%

12.1%

12.2%

12.8%

13.8%

FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Total CRAR

Tier-I

Regulatory CRAR

D/E

0.0x

-2.0x

17.9% -4.0x

-6.0x

-8.0x

ALM Bucketing (Standalone)

12%

15%

Chart Title 13%

15%

16%

Cumulative Inflows & Outflows

120%

100%

80%

60%

40%

20%

14%

15%

24%

28%

13%

18%

100%

84%

77%

73%

71%

51%

36%

35%

23%

1 to 7 Days

8 to 14 Days

15 days to 1M

1 to 2M

2 to 3M

3 to 6M

6M to 1y

1y to 3y

3y to 5y

Over 5y

Cumulative Inflows (%)

Cumulative Outflows (%)

Cumulative Surplus / (Gap) (%)

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100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

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Guidance

FY26 Guidance

Particulars

AUM growth

Credit cost

Cost to income

ROA

ROE

PAT growth

NNPA

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TCL (excl. Motor Finance)

TCL (incl. Motor Finance)

22 - 25%

FY26: 1.0 - 1.1% Q4FY26: 0.8 - 0.9%

35 - 36%

FY26: 2.2 - 2.3% Q4FY26: 2.4% - 2.5%

14 - 15%

~32 - 35%

0.6 - 0.7%

18 - 20%

FY26: ~1.2% Q4FY26: < 1%

38 - 39%

FY26: 2.0 - 2.1% Q4FY26: 2.3 - 2.4%

13 - 14%

~35%

< 1.0%

3-Year Guidance including Motor Finance

23% – 25%

33% – 34%

< 1.0%

AUM CAGR

Cost to income

Credit cost

< 1.0%

Net NPA

> 30%

2.5% - 2.7%

17% - 18%

PAT CAGR

ROA

Return on Equity

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Historical Performance vs. Guidance

Particulars

AUM (net) CAGR

PAT CAGR

Credit cost

Cost to income

ROA

Daily average

2-point average

ROE

Daily average

2-point average

Net NPA

Historical Performance

(excl. Motor Finance) 30%(1)

3-Year Guidance

(incl. Motor Finance)

23% - 25% CAGR

29%(1)

0.6%(2) 41.4%(2)

2.3%(2) 2.2%(2)

16.7%(2) 15.0%(2)

0.4%(2)

> 30% CAGR

< 1.0%

33% - 34%

2.5% - 2.7%

17% - 18%

< 1.0%

Note: PAT and ratios calculated excluding non-recurring income. (1) FY22-25 CAGR; (2) Reflects average from FY23 to FY25.

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Technological Capabilities

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Digital First – Essence of Our Organization

Digital DNA

AI > Next

Customer at the Core

• Digital-first NBFC

• Harnessing AI to reimagine finance

Technology at the core of how we

and deliver superior customer

experiences

•

Leverage AI to achieve operational

•

think, work and deliver

Transforming products to create

seamless, scalable and smarter

financial journeys

•

Every product design, experience, and

promise is shaped around customers’

needs and aspirations

Empowering customer ambitions and

excellence, empowering workforce and

fulfilling their dreams

unlocking new possibilities

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Digital DNA Driving Impact

Digitizing entire loan lifecycle to improve customer experience and create a seamless & efficient process

Onboarding & cross-sales

Underwriting

Collections

Customer service

API-enabled process flows

Data integration

Statistical models for early bucket resolution

Omnichannel customer service

Pre-approved loan offers

BRE(2) based underwriting

Field collection app

DIY service via multiple channels

Digital partnerships to enhance reach

GenAI powered credit memos

Digital workflow system

Multilingual Capabilities

Profile checks, digital KYCs, loan-linked insurance

Integrate data from credit bureaus, financial statements etc, AI based risk assessment

Multiple Digital Payment Channels , predictive analytics for loan recovery

GenAI enabled e-mail replies & chatbot. IVR, push notifications and Marketing communications

97%

Customers onboarded via digital platforms

97%

Disbursements(1) via scorecards / BRE(2)

99%

Collections via digital channels

98%

Customer queries addressable digitally

170+

Digital partnerships

All values are for Q2 FY26 / as of Sep 30, 2025, unless specified otherwise stated. (1) In retail finance; (2) BRE – Business rule engine

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AI > Next – Harnessing the Power of AI

6 Areas identified for AI/GenAI transformation

Customer Engagement

Credit underwriting

Operational Excellence

Risk management

Multilingual virtual assistant

E-mail co-pilot

Automated response management

Data extraction & summarization

Contextualization

Vision AI – Reading, Comparing and Validating

Account Management – Reconciliation and Exception handling

AI powered credit memo

Intelligent Task Prioritization and workflow

Risk & anomaly detection

Comparative analysis

EWS for Risk

Marketing

Content & creatives

Conversational interfaces

Sentiment analysis

Upskilling Workforce

Live

WIP

Learning and Development

Virtual Assistance for instant query resolution

Channel Assistance

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Fueling Business with Analytics

Acquisition

Portfolio & Risk

Collections

Foundational analytics

Scorecard driven credit decisioning

Micro segment level monitoring

Pre-delinquency & post-delinquency models

Smart-lanes for differentiated credit strategy

Leverage Build up Assessment

Strengthen collections using alternate data

Enhanced analytics

Address Quality and Velocity Insights

RiskLens (RL) for Channel Performance

Affinity Based Customer prioritization

Offer enhancement by leveraging Alternate Data

Retention using Reinforcement Models

Deep bucket & Settlement Strategy

Intelligent analytics

FinSight - Financial Statement Analyzer

Risk Radar using Gen AI

Voice Analytics

Field Assessment Skip Tool (FAST)

AI driven Market Edge

Prism 360 – Unified Customer Intelligence

Live

In progress

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Digital First Approach – Customer-Centric and Experience-Driven

Customer Portal

167+

Services for Retail

Loan and Wealth App

100+

Services for Corporate

Digital onboarding

Customer friendly journeys

Personalized offerings

Digital self-servicing

25+

Customer Journeys

25+

Product Suite

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ESG Overview

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Tata Capital ESG Initiatives (1/3)

Key CSR programmes dedicated to environmental impact aligned with United Nations Sustainable Development Goals

JalAadhar(1)

The Green Switch(1)

Vanaropan(2)

Integrated watershed management programme

Providing energy security to unelectrified communities

Creating additional carbon sink

• Aim to achieve water security in water-

stressed communities

•

Impacted 335 villages benefitting over 5.4 lakh individuals. Created 45,000+ lakh litres of water holding capacity.

• Use solar micro off-grid systems to provide 24X7 power to households, streetlights, common areas, and community buildings

• Afforested 6.8 acres with 78,000+ native

forest saplings in Thane, Delhi and Hyderabad

• 24/7 clean electricity now powers 4,800 homes

• 1,630+ tons of carbon will be sequestered

in 99 hamlets across 3 states with a total installed solar capacity of 1.19 MWp.

upon full growth of the saplings.

(1) Values as of Mar 31, 2025. (2) Values as of Sep 30, 2025.

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Tata Capital ESG Initiatives (2/3)

Health “Aarogyatara”

“Pankh Scholarship”| Education | Financial literacy

Eradication of curable blindness

Scholarships | Quality Primary Education | Financial Literacy

•

The company is deeply committed to restoring sight and transforming lives by working to eradicate curable blindness, especially among underserved and rural communities.

Till date, screened 13,69,510 lakh individuals and supported 1,56,606 individuals with vision correction surgeries

• Mentor and fund the education of young academic achievers from

economically underprivileged families.

•

Till date, a total of 29,000+ youth were awarded scholarships.

Through our financial literacy programme, we have empowered youth with the knowledge and confidence to make informed financial decisions, creating a lasting impact in their lives

13,69,510+ lives impacted

29,000+ lives impacted

All values are as of Sep 30, 2025.

Tata Capital ESG Initiatives (3/3)

Key Pillars of Governance Excellence

Board Independence and Expertise

Ethical Framework

Diverse Board, with five out of eight members serving as independent directors, bringing industry expertise, including two female independent directors.

Tata Code of Conduct articulating values, ethics and business principles; Anti- Bribery and Anti-Corruption Policy; Whistleblower policy.

Transparent Reporting and Disclosure

Independent assurance and public disclosures. Regulatory norms and regular, accurate stakeholder updates.

Data & Risk Governance

Advanced cybersecurity, enterprise risk management and compliance with data protection regulations.

Leadership Accountability

Strong leadership accountability through defined roles and oversight.

Sustainability-Focused Governance

ESG-aligned strategies for sustainable growth - cleantech and financial inclusion, particularly affordable housing.

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Catalyzing Green Projects Through Cleantech Finance

Financing green projects through Cleantech Finance In 2011, our erstwhile subsidiary TCCL(1) was set up by our Company and International Finance Corporation, with a primary focus on green and sustainable financing

Cleantech Financing

500+ Cleantech projects financed

21GW+ Renewable capacity financed

35,000 Cr+ Disbursals till date

EV Financing

55,000+ Live EV customers

2,500+ Customers added every month

~10% of 2W portfolio

Deep partnerships with global climate investors enabling access to long-tenure, low-cost capital

In-house sourcing for Cleantech and Infrastructure Finance

Focus Areas

Renewable Energy

Electric Mobility

Energy Efficiency

Green & Sustainable Financing

Waste Management

1. Tata Cleantech Capital Limited – merged into TCL.

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Awards and Recognition

Global Environment Award 2025 for the Green Finance Sector

Organisation of the Year in Clean Energy Financing at the Green Finance Excellence Awards 2025

Best BFSI Brand 2025 by ET Edge

FICCI CSR Award for the Green Switch Project

ET Martech Awards 2025 for Innovative AI & Automated Campaigns

Tata Innovista Award for our Gen AI-powered CAM Project- 2025

Best Data Quality Award in the NBFC Consumer Emerging Segment – Silver Category by TransUnion CIBIL

Recognition for Best Practice at the Tata Group Ethics and Affirmative Action Summit 2025

Innovative Use of Existing Medium – Metro (Bronze) for Mitaye Faasle at e4m NEONS OOH Awards 2025

Best use of Quora (Bronze) at afaqs! Digies Awards 2025

Platinum Category Award at the 15th Annual EEF Global Environment Awards 2025

Best Data Quality Award, Housing Finance Companies Consumer Segment 2024-2025 (Bronze)

Multiple awars for Social Media at afaqs! Marketers Xcellence Awards 2025

India Green Energy Award winner for Electric Vehicle Financing at India Green Energy Awards (IFGE) 2025

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Thank You

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Annexures

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Distinguished Board

Strong governance practices aimed at ensuring resilience

Saurabh Agrawal

Rajiv Sabharwal

Sujit Kumar Varma

Ramanathan Viswanathan

Chairman & Non-Executive Director

Managing Director & CEO

Independent Director

Executive Director, Group CFO – Tata Sons

Select prior experience

Select prior experience ⚫ Chief Strategy Officer, Corporate Strategy & Business Development cell with Aditya Birla Management Corporation

⚫ Head, Corporate Advisory and Finance (South Asia and SEA) with Standard Chartered Bank

⚫ Executive Director, Board of ICICI Bank

⚫ Chairman, ICICI Home Finance Company

⚫ Board, ICICI Prudential Life Insurance Company

⚫ Partner, True North Managers

⚫ Associated with State Bank of India

for 34 years

for 37 years

⚫ Deputy Managing Director (Corporate

Accounts Group), SBI

⚫ President and Chief Operating Officer and Whole Time Director in SBI Capital Markets

Ankur Verma

Punita Kumar Sinha

Nagaraj Ijari

Geetha Ravichandran

Additional & Non-Executive Director

Independent Director

Additional & Independent Director

Chief Strategy Officer – Tata Sons

Co-founder of Pacific Paradigm Advisors LLP

Select prior experience

⚫ Managing director in Global Investment

⚫ Senior Managing Director, Blackstone

Banking, DSP Merrill Lynch

⚫ Independent Director - Infosys and JSW Steel,

⚫ Infosys Technologies

among others

⚫ Associated with Tata Consultancy Services

for 29+ years

⚫ Retired from civil services as principal chief commissioner of income tax after serving for 35+ years

Tata Sons representative

Independent Directors

MD & CEO

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Experienced Management Team

Dedicated management team instrumental in driving sustainable growth

Rajiv Sabharwal Managing Director and CEO

Sarosh Amaria Managing Director - TCHFL

Manish Chourasia Chief Operating Officer - Corporate & Cleantech Finance

Neeraj Dhawan Chief Operating Officer - Motor Finance and DSMG

Narendra Kamath Chief Operating Officer - SME Finance

Vivek Chopra Chief Operating Officer - Retail Finance

Select prior experience: (36 yrs)

Select prior experience: (28 yrs)

Select prior experience: (31 yrs)

Select prior experience: (28 yrs)

• ED, Board of ICICI Bank • Board, ICICI Prudential Life

Insurance Company

• Chairman, ICICI Home Finance • Partner, True North Managers

• Founding team member of Tata Capital (since 2007)

• ICICI Bank • Tata Cleantech Capital • IL&FS Infra Asset Management

• Jio Finance • ICICI Bank, HDFC Bank, CSB

Bank, Yes Bank

• GE Capital Transportation

• Tata Motors

Select prior experience: (26 yrs) • ICICI Bank

Abonty Banerjee Chief Operating Officer – IT, Digital, Operations & Marketing

Rakesh Bhatia Chief Financial Officer

Select prior experience: (30 yrs)

• ICICI Bank • Ernst & Young

• American Express • IDBI Bank • Board, International Asset

Reconstruction

Kiran Joshi Head – Treasury

Avijit Bhattacharya Chief Human Resource Officer

Sandeep Tripathy Head of Strategy & Investor Relations

Nitin Dharma Chief Risk Officer

Select prior experience: (35 yrs)

Select prior experience: (32 yrs)

Select prior experience: (17 yrs)

• Tata Motors Finance

• Tata Group companies

• Tata Sons • Goldman Sachs (India)

Select prior experience: (29 yrs) • ICICI Bank • Birla Global Asset Finance

Sarita Kamath Chief Legal and Compliance Officer & Company Secretary

Saurav Basu CBO – Wealth & Advisory Business

Abha Sarda Chief Internal Auditor

Select prior experience: (25 yrs)

Select prior experience: (27 yrs)

Select prior experience: (21 yrs)

• Tata Services

• Citibank, NA

• Tata Capital Housing Finance • Times of India Group

/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers

Glossary and definitions

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Definition of Key Terms

Term

Definition

Average cost of borrowings ratio

Finance cost as a percentage of average total borrowings for the relevant fiscal / period.

Tier I

Computed from the standalone financial statements of the company, as tier I capital divided by total risk weighted assets, in accordance with relevant RBI guidelines as at the last day of the relevant fiscal / period.

Capital risk adequacy ratio or CRAR

Computed from the standalone financial statements of the company, TCHFL, as applicable, as the sum of CRAR - tier I and CRAR - tier II.

Cost to income ratio

Operating expenses as a percentage of net total income for the relevant fiscal / period.

Credit cost ratio

Fee income

Gross stage 3 loans

Credit cost as a percentage of average total net loans (annualized).

Rental income, fees and commission income, net gain on derecognition of financial instruments and other income as reported in the restated consolidated financial information for the relevant fiscal / period. Total gross loans which are more than 90 DPD from their contractual payments or as prescribed by applicable regulations and includes Purchased or Originated Credit Impaired Loans (POCI).

Gross stage 3 loans ratio

Ratio of gross stage 3 loans as a percentage of total gross loans as at the last day of the relevant fiscal / period.

Investment income

Dividend income, net gain on fair value changes and net gain on derecognition of associates as reported in the restated consolidated financial information for the relevant fiscal / period.

Net stage 3 loans

Gross stage 3 loans as reduced by impairment loan allowances provided on gross stage 3 loans as at the last day of the specified fiscal / period.

Net stage 3 loans ratio

Gross stage 3 loans as reduced by impairment allowances provided on gross stage 3 loans as a percentage of total gross loans as reduced by impairment allowances provided on gross stage 3 loans as at the last day of the relevant fiscal / period.

Net total income

Total income reduced by finance cost for the relevant fiscal / period.

Operating expenses ratio

Operating expenses as a percentage of average total net loans.

Provision coverage ratio or PCR

Impairment allowances provided on gross stage 3 loans as a percentage of gross stage 3 loans as at the last day of the relevant fiscal / period.

Return on assets or ROA

Profit after tax as a percentage of average total net loans.

Return on equity or ROE

Profit after tax as a percentage of average total equity.

Total equity

Equity attributable to owners of the company reduced by instruments entirely equity in nature as reported in the restated consolidated financial information as at the last day of the relevant fiscal / period.

Total gross loans

Total net loans adjusted for unamortised loan sourcing fees, unamortised loan sourcing costs and impairment allowances as at the last day of the relevant fiscal / period.

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