ANNUAL REPORT 2020-2021

1 Count on usANNUAL REPORT2020-2021 About Us .. 3 Our Purpose and Pillars .. 5 Corporate Social Responsibility 7 Product Portfolio .. 9 Digital Initiatives .. 11 New Products Introduced .. 13 Tata Capital Team .. 15 Snapshot of Numbers .. 17 Awards and Accomplishments .. 19 Message from the Managing Director & CEO .. 20 Board s REPORT .. 23 Management Discussion and Analysis .. 62 Salient Features of Financial Statements of Subsidiaries / Associates / Joint 244 Standalone Financial Statements Independent Auditor s REPORT .

2 68 Financials for FY 2020-2021 .. 80 Consolidated Financial Statements Independent Auditor s REPORT .. 248 Financials for FY 2020-2021 .. 258 THOSE WHO BELIEVE,CAN T BE STOPPED. In 1886, Jammsmshetji TaTata played hispart in the Swadeshi Movement and bought over the ailing Dharamsi Mills, which he later renamed Svadeshi machinery was outdated, the workers unskilled and one of the first shipments of coarse yarn was rejected in China. As a result, the share price plummeted and his business went ona downward spiral.

3 To give up and call it a daywould have been prudent. But Jamshetji was not one to give the heavy losses he decidedto invest in the business again. He built a Trust in his family's name so that he could leverage with the bank for anoverdraft. With the money, Jamshetji brought in modern machinery, employed skilled workmen and raisedthe quality of the produce little less than a decade, his yarn fetched the highest prices in the Far East market, and Svadeshi Mills of East marketandSvadeshiMillsofBombay was regarded as a serious competition to the once mighty Lancashire Cotton Mills.

4 His indomitable spirit is part of us, even today: steadfast and full of Capital Limited ( TCL ), a subsidiary of Tata Sons Private Limited, is registered with the Reserve Bank of India as a Systemically Important Non-Deposit Accepting Core Investment Company. A trusted, customer-centric, one-stop financial solutions partner, TCL and its subsidiaries (collectively referred to as Tata Capital ) are engaged in lending and offering a wide array of services/products in the financial services ISUNSTOPPABLE.

5 The world knows of NeNellsonon Mandedela'sunflinching struggle to end apartheid in South Africa. However, his struggle for education isn t something that is very well known. From a young age,Mandela strived for a formal education. But fate had other 1931, he joined the Fort HareUniversity from where he was expelledfor taking part in a peaceful students protest. His dream of pursuing law too,was cut short, when he was denied a degree on racial grounds. Flustered but adamant, Mandela took the bar exam instead, and passed it without havingever graduated.

6 He wanted nothing more than to practice law and serve his nation, but he was arrested andsentenced to life imprisonment for conspiring to overthrow the man whose spirit should have been crushed, was still standing. Even in jail, he refused to give up on his education. In 1989, during the lastmonths of his imprisonment, Mandelafinally received his law degree from thefinally received his law degree from theUniversity of South Africa, along with honorary degrees from more than fifty universities. His unwavering determination is nothing short of extraordinary and is truly financial partner fulfilling India s With TrustWe respect and reinforce the trust that is placed in us.

7 We are the lender the country can rely TogetherWe actively collaborate with group companies, partners, employees, customers, communities; their success is our ReadyWe innovate and leverage technology to anticipate, serve and shape future needs; setting the path for others to ForwardWe bring speed and simplicity; accelerating the pace at which the future becomes the & MoreWe serve the customer through the life-cycle of needs. We are facilitators and counsellors in helping customers achieve their DelightWe go above and beyond to care and make people happy.

8 We deliver smiles and delight in everything we HEARTSBEAT FOR the Crimean War broke out betweenthe British and the Russians in October 1853, there were heavy casualties on both sides. Over eighteen thousand British soldiers were injured. In light of this, the British Secretary of War sent for Florence Nightingale, asking her to rise to the challenge and organise a corps of nurses to tend to the arrival, Florence worked tirelessly, caring for the wounded. In the evenings, she carried a lamp through the dark hallways of thehospital checking on patients.

9 That's whenthe soldiers started calling her The Lady with the Lamp. Others called her The Angel of the Crimea. Her dedication did bear fruit - she helped bring down the death rate by the war was over, she returned to England and vowed to improve healthcare infrastructure, establishing the St. Thomas Hospital and the Nightingale Training Schoolfor Nurses which continue her tradition of caregiving even today. Florence Nightingale has etched her name in the annals of history as the pioneer of modern story is one of unwavering pursuit of compassion that inspires caregivers around the world even to the spirit of the Tata Group, Tata Capital believes that Corporate Sustainability is the cornerstone of business operations.

10 Tata Capital s Corporate Social Responsibility ( CSR ) approach is oriented towards a stakeholder- participation methodology where the well-being of the target groups, like the community and the environment, are integral to the long-term success of the Cluster Development program aims to provide supplementary education tounderprivileged students in Vikramgad, Sudhagad in Maharashtra and Jalpaigudi, West Tata Capital Pankh Scholarship program supports meritorious underprivileged youth with scholarships and mentoring for higher is a skilling initiative for the underprivileged youth to learn domain and life-skills and access placement opportunities in the BFSI Gyan is a free e-learning course on financial literacy based on the National Financial Literacy Awareness Test (NFLAT) syllabus.