Tata Capital ties up with LKP Securities to boost retail loans

The Dollar Business Bureau 

Tata Group’s financial services subsidiary Tata Capital has tied-up with securities brokerage house LKP Securities to distribute its retail loan products through the channels of LKP Securities, the company said in a statement on Thursday.

With this partnership, Tata Capital’s retail loans such as home loans, car loans, personal loans and business loans will be distributed through LKP Securities’ network of more than 3,000 sub-brokers. This will benefit the Tata Group firm in reaching wide customer base across the country, the company said.

LKP Securities has associated with Tata Capital to take a step forward in becoming a one-stop destination for all the investment solutions. Both the companies will benefit from the collaboration because of their individual qualities of innovation, trust and relationship with the customers.

Govind Sankaranarayanan, COO – Retail Business and Housing Finance, Tata Capital said that Tata Capital is planning to expand its reach to offer a wide range of retail loans. This association with a dynamic broking player like LKP Securities will help in extending the presence of the company across the country and also to access quality customer segments, he said.

LKP Securities Director Pratik Doshi said that the partnership with Tata Capital will allow them in enhancing their product offerings to the customers more effectively. The retail loan offerings of Tata Capital would add value to the existing finance products, the company is being provided to the clients, he added.