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1957
1984
2003
2005
2006
2007
2013
2014
2015
2016
2017
1957
Formation of the Bureau of Hire Purchase & Credit (BHPC) for financing commercial vehicles by TML.
1984
Formation of Tata Finance Limited (TFL) for vehicle financing.
2003
Common marketing platform for BHPC and TFL for synergy.
2005
TFL merger into Tata Motors Limited (TML).
2006
1st June: TML Financial Services Ltd (TMLFSL) was set up as a 100% owned subsidiary of TML as an NBFC to support & enhance the vehicle financing services of TML.
Besides new business, TMLFSL was also managing the old books of TFL.
2007
TMLFSL was renamed Tata Motors Finance Limited.
TMFL quickly became the largest company in India for financing products by TML.
2013
Insurance cross-selling was introduced for diversification into a non-fund-based business.
2014
Used commercial vehicle finance launched.
2015
Acquisition of Rajasthan Leasing Private Limited which was later renamed Tata Motors Finance Solutions Limited (TMFSL), a 100% owned subsidiary of TMF Holdings Limited (TMFHL).
Establishment of the corporate lending department and used commercial vehicle finance business in TMFSL.
2016
Acquired Sheba Properties Limited (SPL) as a subsidiary.
2017
• SPL undertakes financing business for new vehicles.
• SPL was renamed TMFL.
• Erstwhile TMFL renamed as TMFHL.
• Erstwhile TMFL was converted into a Core Investment Company (CIC) and renamed TMFHL.
