Tourism Finance Corporation of India Limited (TFCI) was incorporated on January 27, 1989 as a public Limited Company. The Company became operational with effect from February 1, 1989 on receipt of certificate of the commencement of business from the Registrar of Companies. It was promoted by IFCI Ltd along with other All-India Financial/ Investment Institutions and Nationalised Banks.
TFCI has been set-up as an All-India Financial Institution, pursuant to the recommendations of 'National Committee on Tourism' set-up under the aegis of Planning Commission in 1988. TFCI is a premier public financial institution established in 1989, presently regulated by RBI as NBFC-ML-ICC, focused on providing finance to the tourism, real estate, manufacturing, social infrastructure- educational institutions, hospitals, renewable (solar & wind) energy, logistics, etc. sectors in India. Besides, TFCI provides finance to non-banking and housing finance companies for secured onward lending. TFCI also provides loans to corporates and HNIs against the security of listed category-I shares.
The forms of financial assistance include rupee loan, underwriting of public issues of shares/debentures and direct subscription to such securities, guarantee of deferred payments and credit raised abroad, equipment finance, equipment leasing, assistance under suppliers' credit, working-capital financing, takeover financing and advances against credit-card receivables.
The company also provides high-quality research and Consultancy services to the tourism industry in general and to the investors in tourism industry in particular. In line with this, TFCI has been providing Consultancy services to different central and state agencies by undertaking broad-based assignments to cover macro & micro level tourism-related studies/ exercises to facilitate identification, conceptualization, promotion/ implementation of specific tourism-related projects & for taking policy level decisions with respect to investment and infrastructure augmentation etc. Besides, TFCI has been providing specific project-related services to various clients. It has also undertaken appraisal of individual projects for various state government agencies/individual clients.
The company pioneered and innovated various products in financing the diverse needs of the industry such as the first Amusement-cum-Water Park at Mumbai, the first Water Sports Complex at Goa, the Palace on Wheels, the highly acclaimed spa The Ananda at Himalayas, the restoration of heritage resorts namely the Devigarh Palace at Udaipur, conversion of Umaid Bhawan Palace into a resort hotel etc.
In the year 1994, the company made a public issue of 1,70,00,000 Nos of equity shares of Rs 10 each at a premium of Rs 20 per share.
In the year 1999, the company had gone towards the setting up of non-conventional tourism projects like restaurants, highway facilities, travel agencies, amusement parks, dolphinarium, ropeways, car rental services, ferries for inland water transport, airport facilitation centre, training institute for hotel personnel etc. In the year 2000, Tourism Advisory & Financial Services Corporation of India Ltd was amalgamated with the company.
During the year 2008-09, the company took possession of 3 hotels located at Mukundgarh, Bikaner & Jaisalmer under the SRFAESI Act. In 2009-10, it ventured into infrastructure project financing business viz., power, ports, airports, roads and bridges etc.,
The company in 2021-22, pursued to expand its portfolio not only by extending facilities to existing hotel properties for renovation, upgradation and setting up of new projects, but also has actively pursued consultancy assignments for various state governments in drafting the tourism policy and other projects for tourism/ circuit development etc.
During 2023-24, Company pursued lending opportunities for new/existing projects across hospitality and other sectors viz. manufacturing, social/urban Infra, real-estate & NBFC/HFC.
During the year 2025, Company initiated to provide short-term personal loans/ retail loans through fintech platforms and also short-term loans against security of listed shares (LAS). TFCI sanctioned term loans aggregating Rs.1599 crore (PY: Rs.1454 crore) and disbursed term loans were aggregating Rs.915 crore (PY: Rs.853 crore) reflecting growth of 10% and 7% respectively over the previous fiscal. The Company for the year ended 31st March 2025, recorded total income of Rs.260.06 crore (PY: Rs.242.04 crore), Profit before Tax (PBT) of Rs.128.02 crore (PY: Rs.113.87 crore) and Profit after Tax (PAT) of Rs.103.81 crore (PY: Rs.91.11 crore). As on 31st March 2025, Company was having gearing of 0.72 times and capital adequacy of 69.70%.