Tata Capital Files' preliminary prospectus could be India's largest IPO this year

Tata Capital Preparing to list on the Indian National Stock Exchange, the country's largest IPO this year.

Blomber reported last month that Tata Group's financial services division is India's largest conglomerate with interest from airlines to software – Blomberg reported last month that the program raised up to $2 billion in fundraising from the IPO.

As part of the process, Tata Capital Register On Friday.

Tata Capital serves individuals, businesses and companies through more than 900 branches in India, providing services such as personal and home loans, commercial financing, microcredit, private equity and credit cards.

The company is part of the Tata Group, India's oldest group, the late Ratan Tata (deceased in October) turned into an industrial powerhouse. Under his two years, he made global acquisitions in 2007, including British steel maker Corus Group and the following year at luxury carmaker Jaguar Land Rover.

Tata Trusts owns a majority stake in Tata Group, which also regards the family of billionaire Shapoor Mistry as its shareholders. The trust supports arts, culture, education, health care and rural development.