Tata Capital enters gold loans with controlling stake in Kerala-based Yogakshemam Loans
Tata Capital has entered the gold loan business by acquiring majority stake in gold loan focused non-banking finance company (NBFC) Yogakshemam Loans Ltd (Yogloans), a press release said on Monday. The acquisition adds a secured credit product to the Tata Group firm’s portfolio while expanding its retail lending business.
The board on Monday approved an all-cash transaction in which Tata Capital will acquire 88.6% stake in Yogloans through capital transfer and purchase of shares from existing shareholders. Deal values Yoglos at pre-money equity valuation ₹318 crore and includes primary capital inflow of approx. ₹93 crore to finance future growth. The acquisition is subject to regulatory approvals and customary closing conditions.
Headquartered in Thrissur, Kerala, Yogloans has assets under management (AUM). ₹708 crore as of March 2026, serves around 32,000 customers and operates 162 branches in Kerala, Karnataka, Tamil Nadu and Andhra Pradesh.
The company has established its franchise in the gold loan business for over a decade and will continue to be led by promoter and managing director Unnikrishnan Idicarm Veetil post the acquisition.
retail push
“This transaction marks Tata Capital’s entry into the gold loan business, adds a secured loan product with significant growth potential to our retail lending portfolio and supports our strategy of building a diversified credit franchise,” said Rajiv Sabharwal, managing director and chief executive officer of Tata Capital.
“We believe that the combination of Yogloans’ market expertise with Tata Capital’s trusted brand, capital strength, technology and risk management capabilities will accelerate growth and create an enhanced experience for customers,” said Sabharwal.
This acquisition expands Tata Capital’s effort to expand its lending franchise. As of March 31, the company’s consolidated AUM was as follows: ₹2.77 trillion, up 20% year-on-year after the merger with Tata Motors Finance. Excluding the motor finance business, AUM grew 28% year-on-year ₹2.52 trillion.
As of the end of March, 58.3% of Tata Capital’s loan portfolio consisted of retail loans, followed by 27.4% SME loans and 14.3% corporate loans. The largest segment in retail was housing loans ₹44,203 crore, followed by loan against property ₹38,812 crore, personal and business loans ₹25,053 crore, two-wheeler loan ₹14,129 crore and other personal loans ₹14,083 crore. SME loans increased to 100 percent ₹76,965 crore while the corporate loan book is ₹39,640 crore.
Among major retail products, real estate mortgages had the fastest annual growth, up 36.1%. ₹38,812 crore. Housing loans increased by 15.6 percent ₹44,203 crore, business loans up 14.4% ₹9,926 crore, two-wheeler loans up 19.9% ₹7,886 crore, loan against securities increased by 29.7% ₹4,942 crore and vehicle loans up 13%. ₹6,143 crore. Personal loans increased by 3.2 percent ₹15,127 crore, while commercial vehicle loans decreased by 23% following the integration of the motor finance business.
