Mumbai: Rajiv Sabharwal, the MD & CEO of Tata Capital, expressed contentment with the company’s much-anticipated market debut on October 13, stating that his focus remains squarely on driving quarter-on-quarter performance rather than the listing day price.
Speaking exclusively to Moneycontrol, Sabharwal downplayed the fact that the company’s shares did not list at a significant premium to the IPO price of ₹326. Instead, he projected a strong performance in the upcoming December and March quarters of FY26, fueled by better-than-expected festive season demand for products like auto, two-wheeler, and tractor loans.
“It’s a great experience. We feel a sense of big responsibility. We have added over 22 lakh new shareholders to the Tata Capital family,” Sabharwal said, positioning the company’s public entry as the start of “Tata Capital 2.0.”
When asked about the listing price, he reiterated, “We are pretty happy with what has happened. More importantly, we are focused on ensuring that our performance keeps improving. We are very bullish on growth.”
Sabharwal highlighted that the benefits of recent GST cuts and lower raw material costs are beginning to reflect in an uptick in loan demand. He also noted that from a credit cycle perspective, the “peaking of credit costs are behind us,” signaling a healthier financial future for the company.
Addressing the RBI’s recent policy changes allowing NBFCs greater participation in infrastructure lending, Sabharwal confirmed that Tata Capital will continue to be a key player, especially in the green-tech sector. “We have financed over 500 projects in the clean energy area and we have created one of the best books in the industry as far as quality is concerned,” he stated.
For new investors, Sabharwal outlined three key commitments: maintaining industry-leading growth, keeping credit costs among the best in the industry, and continuing to leverage technology, including Gen AI, to enhance customer experience and operational efficiency.
