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Tata Capital to focus on retail travel

Tata Capital, the non-banking finance arm of Tata Sons, has decided to ramp up its travel business and focus on the retail segment. The company plans to offer a host of services from customised holiday packages for individual customers to group travel arrangements for corporate customers. Mahua Venkatesh reports.

business Updated: Mar 11, 2012 21:48 IST
Mahua Venkatesh
Mahua Venkatesh
Hindustan Times

Tata Capital, the non-banking finance arm of Tata Sons, has decided to ramp up its travel business and focus on the retail segment. The company plans to offer a host of services from customised holiday packages for individual customers to group travel arrangements for corporate customers. At present, the company provides foreign exchange-related services to customers. It also services a few corporate clients.

TC Travel and Services, a wholly-owned subsidiary of Tata Capital, will scale up its operations in a revenue-model structure, offering end-to-end travel solution to customers. Besides, it would also offer travel-related finance solutions.

"The travel segment would be our focus and we plan to spruce it up," a senior executive at Tata Capital told HT. "We want to focus on retail customers in a big way."

Tata Capital has already tied up with Axis Bank to launch the Tata Travel Card. The card will provide security and convenience to cardholders when they travel overseas.

First Published: Mar 11, 2012 21:46 IST