Tata Capital eyes 25-30% credit growth in FY20 amid ongoing NBFC crisis

The company is now focusing on newer avenues to grow

Amid the crisis in the NBFC sector, Tata Capital, the financial services arm of the Tata Group, is looking at a growth of 25-30 per cent per year in its loan book in the next financial year (FY20) and beyond.

With the loan book value of the company at Rs 70,000 crore, a 25-30 per cent growth could take it up to Rs 1 trillion in 2020. At present, it has three lending arms — Tata Capital Financial Services, Tata Capital Housing Finance and Tata Cleantech — a joint venture with International Finance Corporation.

Rajiv Sabharwal, managing director and chief executive of