Tourism Finance Corporation of India Ltd. (TFCI) is a well-known Indian financial institution, which functions under the aegis of the Planning Commission. Based on the recommendations of the National Committee of Tourism, TFCI was set up as a tourism financing institution. An esteemed group of government organizations like IFCI, LIC, SBI, Canara Bank among others provided initial backing to TFCI.
Some of its outstanding and consequential contributions are financing building of world-renowned attractions like the Royal Palace on Wheels; EsselWorld, the country’s first amusement park, & Ananda in the Himalayas, a unique wellness resort. From expansion & diversification to renovation and modernization of various projects in the tourism sector, the group provides all sorts of assistance & services to its clients. With an excellent team of professionals, which has expertise of industrial dynamics, looking into the funding affairs, TFCI has contributed immensely towards turning the tourism sector into one of the highest revenue-generating segments in India. It is also committed towards the Indian MSME segment, which is at the heart of the country’s economy. It presently also focuses on lending/investing in diverse sectors like healthcare, pharma, education, logistics, etc. It has also ventured into Investment Banking activities viz., M&A advisory, Special Situation Funding & Private Equity arranger ship, Debt Syndication, asset buy/ sell side advising, etc.
TFCI has been dominating the field of financial services by assisting crucial infrastructural projects. By shouldering the responsibility of creation of over 50,000 rooms to the tune of more than Rs. 30,000 crores in over 900 projects, it has achieved incredible success. Its profit margins have been on an impressive rise ever since its inception & boasts of having one of the highest capital adequacies in the industry. TFCI offers financial advisory along with term loans, structured finance, MSME finance and investment banking services to its clients in the tourism & associated segments. With a host of products like Rupee Term Loans, Corporate Loans, Loans Against Securities & Bridge Loans, it has defined a comprehensive structure for various modes of funding. It has also assisted the restoration & conversion of the palaces of the erstwhile royal families. Umaid Bhawan Palace, Devigarh Fort, Jehan Numa Palace, Khimsar Fort and Chandra Mahal Haveli are some of the prestigious projects in this line. It’s financial expertise has aided some of the finest hospitality giants like The Leela, Taj Marriott, Hyatt, etc. Besides these, it has also assisted pioneering entrepreneurs in the creation of the first airport facilitation centre at Bengaluru & the first water sports complex in Goa.
A SOCIALLY RESPONSIBLE FIRM
TFCI has been leading the way in creating opportunities for the growth of society. Its CSR expenditure is valued at Rs. 2,13,00,100 as on March, 2020. From education to sanitation and addressing malnutrition to contributing to the Prime Minister’s National Relief Fund, TFCI has contributed to diverse areas & its interventions have touched many lives.