Tata Capital, Japan’s Mizuho join hands

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Tata Capital, a wholly owned subsidiary of Tata Sons, and Japan’s Mizuho Securities Company Ltd have agreed to jointly offer financial services (including private equity), investment banking, broking and wealth management to Indian companies.

The alliance will see Tata Capital and Mizuho Securities reinforcing the Indo-Japanese financial corridor, a company release said.

The agreement is subject to relevant regulatory considerations and approvals, the statement added. The alliance also gives Tata Capital an opportunity to explore the possibility of drawing upon Mizuho Securities’ reach for its own private equity business in the future.

Tata Capital is registered with the Reserve Bank of India (RBI) as a non-banking financial company, undertaking fund- and fee-based businesses in the financial sector. Mizuho Securities is the investment-banking arm of Mizuho Financial Group Inc, Japan’s third-largest bank by market value.

“(The alliance) will enable us to offer our clients sophisticated solutions for their investment and financial needs,” said Praveen P Kadle, managing director, Tata Capital.

“This alliance will reinforce Tata Capital’s abilities to capitalise on opportunities available in the financial services domain,” added Kadle.

Shigeyoshi Nishiyama, deputy president, Mizuho Securities Company Ltd, said his company and parent Mizuho Corporate Bank Ltd attach strategic importance to India as an important business destination in Asia. The alliance with Tata Capital will provide the Japanese company with a large potential for expansion of businesses in India.