New Delhi, August 10th, 2016: Tata Capital, the financial services arm of the Tata Group, has entered into a tie-up with LKP Securities. The tie-up will involve the distribution of Tata Capital’s retail loan products through the distribution channels of LKP Securities.
Tata Capital currently offers a wide range of retail loans including Home Loans, New & Used Car Loans, Personal Loans and Business Loans. With this tie-up, Tata Capital will be able to distribute these products through LKP Securities’ well established network of over 3000 sub-brokers and through its customer base. Tata Capital will benefit from an increased reach and geographical presence, while LKP Securities will take a step further towards their goal of being a one-stop solution partner for their investors.Both Tata Capital and LKP Securities will also benefit from synergies due to their respective qualities of trust, innovation and partnering with the customer.
Speaking on the tie-up, Mr. Govind Sankaranarayanan, COO – Retail Business and Housing Finance, Tata Capital said “Tata Capital has ambitious plans of expanding our reach for our suite of retail loan offerings. The tie-up with an established broking player like LKP Securities will not only help boost our pan-India presence but also our access to high quality customer segments”
Also commenting on the tie-up, Mr.Pratik Doshi, Director LKP Securities said “Our tie-up with Tata Capital will enable us to expand our suite of offerings to our customers both quickly and effectively. With the addition of Tata Capital’s retail loans to our existing product lines, we will make great strides towards being a comprehensive, one-stop financial services partner for our clients”