Tourism Finance Corporation of India Ltd. (TFCI) is an Indian Financial Institution, set-up in 1988 upon the recommendations of the National Committee of Tourism under the aegis of Planning Commission. Established as a premier tourism financing institution, TFCI has acted as a catalyst in creation of infrastructure in hospitality segment in over 3 decades of its existence. TFCI has also enabled various businesses to channelize their investments into different segments and locations of the tourism industry. Set-up by a group of government organisations like. IFCI, LIC, OIC, SBI, BOI, Canara Bank, etc., TFCI was instrumental in creating many firsts (viz., Indian Railways’ Palace on Wheels, Esselworld, spa/wellness resort Ananda in the Himalayas, etc.) in hospitality sector.
TFCI has assisted a third of the total capacity of branded hotels in India till date. It has been associated with major domestic as well as international hotel operating brands like ITC, Leela, Taj, Lalit, Lemon Tree, Hyatt, Marriott, Hilton, Radisson, Holiday Inn, Ramada, etc. With a view to augment tourist influx, TFCI has also acted as an advisor to central government, multiple state governments/ its affiliated agencies and has also assisted in interalia charting master tourism plan, promotional activities, market potential assessment, tourism flow surveys, market feasibility studies, etc. To name a few, it has been associated with Government of Himachal Pradesh, Ministry of Environment & Forests (GoI), Government of Gujarat, Gujarat State Tourism Development Corporation, Tamil Nadu Tourism Development Corporation, MP State Tourism Development Corporation Ltd., Delhi Tourism Transport Development Corporation, Jharkhand Tourism Development Corporation, etc. TFCI had also advised Ministry of Railways for launching and managing pan-India luxury train services.
The stake of IFCI (largest shareholder) was divested through an open market operation in 2018. Presently, our primary shareholders are ARES SSG Management (a large private equity fund), Mr Sajeeve Thomas (an experienced career banker), LIC of India and Oriental Insurance Company. TFCI, in its new avatar is focusing on lending/investing in diverse sectors like healthcare, pharma, education, logistics, etc. TFCI has also ventured into Investment Banking activities viz., M&A advisory, Special Situation Funding & Private Equity arrangership, Debt Syndication, asset buy/sell side advising, etc. It also continues to be a dominant player in the hospitality segment and is interalia engaged in project financing, corporate loans, working capital demand loan, structured financing, etc. With an eye on Aatmanirbhar Bharat, TFCI is passionate about funding MSME segment, the backbone of our economy.