Tata Capital Makes Entry Into Gold Loan Market With Yogloans Acquisition

Tata Capital is stepping into the gold loan business with the acquisition of a controlling stake in Kerala-based lender Yogakshemam Loans Ltd. (Yogloans).

The non-banking financial services company will buy 88.6% of Yogloans through a combination of fresh investment and share purchases from existing shareholders. The transaction values Yogloans at a pre-money equity valuation of up to ₹318 crore.

As of 3:16 PM on Monday (13 July 2026), Tata Capital shares were trading for ₹420.71 apiece on the National Stock Exchange (NSE).

Fresh Capital To Support Expansion

Along with acquiring the promoters' stake, Tata Capital will inject nearly ₹93 crore into the company as primary capital.

The deal is yet to receive regulatory approvals and fulfil other customary conditions. Once those formalities are completed, Yogloans will operate as a subsidiary of Tata Capital.

The acquisition also marks Tata Capital's first move into the organised gold loan segment, an area that has witnessed steady growth in recent years.

Gold Loans Form Bulk Of Yogloans' Business

Yogloans has been operating from Thrissur, Kerala, for over 10 years now, and its operations revolve mainly around giving loans against the collateral of gold jewellery.

As of 31 March 2026, the company was in charge of assets amounting to ₹708 crore, of which around 85% constituted of gold loans. They have 162 outlets spread out in Kerala, Karnataka, Tamil Nadu and Andhra Pradesh, catering to almost 32,000 customers.

The NBFC's equity or net worth stood at ₹115 crore and its gold loan portfolio grew at the rate of 25% CAGR between FY22 and FY26.

Existing Management To Continue

The acquisition will not result in any immediate change in the company's leadership.

Unnikrishnan Idicharm Veetil, who promoted Yogloans and currently serves as its Managing Director, will continue to head the business after the transaction is completed.

Management Sees Long-Term Opportunity

Commenting on the deal, Tata Capital Managing Director and Chief Executive Officer Rajiv Sabharwal said the acquisition broadens the company's retail lending portfolio by adding a secured lending business with significant growth potential.

He added that Yogloans' experience in gold lending, together with Tata Capital's financial strength, technology platform and risk management capabilities, could help scale the business further.

Yogloans Managing Director Unnikrishnan Idicharm Veetil said the company has expanded steadily over the years by maintaining prudent lending practices and focusing on customer service. He said the partnership with Tata Capital is expected to open up fresh opportunities for future growth while building on the foundation already created.

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