Tata Capital will acquire a majority stake in Yogloans through a combination of a share purchase from existing shareholders and a primary capital infusion of about Rs 93 crore, in a transaction based on a pre-money equity valuation of up to Rs 318 crore.
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Subject to regulatory approvals and customary closing conditions, the deal will give Tata Capital an approximately 88.6% stake in the gold loan-focused NBFC.
“This transaction marks Tata Capital’s entry into the gold loan business, adding a secured lending product with significant growth potential to our retail lending portfolio and supporting our strategy of building a diversified lending franchise,” said Managing Director and CEO, Rajiv Sabharwal.
Tata Capital share price was trading 0.92% lower, as of 10:08 a.m. IST, at Rs 357.2.
The company’s entry comes as India’s gold loan market continues to expand, driven by rising gold prices and growing demand for quick, collateral-backed credit. The market was valued at $3.8 billion in 2025 and is projected to reach $5.2 billion by 2034, growing at a CAGR of 3.61% between 2026 and 2034, according to research firm IMARC Group.It attributed the growth to increasing consumer demand for accessible credit and higher gold prices.
Yogloans operates a network of 162 branches across Kerala, Karnataka, Tamil Nadu and Andhra Pradesh. As of March 31, 2026, it had assets under management (AUM) of Rs 708 crore and served around 32,000 gold loan customers. Besides gold loans, the company also offers vehicle loans, business loans, consumer durable loans, term loans and microfinance loans.
Sabharwal added that Yogloans has built a strong business over more than a decade and that the combination of Tata Capital’s brand, capital strength, technology and risk management capabilities with Yogloans’ market expertise would help accelerate growth and improve customer experience.
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Yogloans is led by promoter and Managing Director Unnikrishnan Idicharm Veetil, who will continue to lead the business after the acquisition, ensuring continuity for customers, employees and business partners.
Following the completion of the transaction, Tata Capital said it intends to consolidate Yogloans at an appropriate stage, subject to the requisite approvals.