Partnership announcement

Tata Capital Limited has signed a memorandum of understanding (MoU) with Japan's Resona Bank to help Japanese companies explore business opportunities in India. The announcement was made on Monday, with Resona Bank set to use Tata Capital's network and local expertise to support Japanese companies looking to enter or expand in the country. The collaboration also aims to connect businesses with potential partners and opportunities.

The non-exclusive arrangement builds on an existing relationship between the two companies. Resona Bank has committed $20 million as a limited partner in Tata Capital Growth Fund III LP, a fund managed by Tata Capital. The Japanese lender did not disclose the timeline of this investment, according to reports.

Executive comments

Rajiv Sabharwal, Managing Director and CEO of Tata Capital, said: "This collaboration combines Tata Capital's deep understanding of the Indian market with Resona Bank's strong relationships with Japanese businesses." Sabharwal added that Tata Capital Growth Fund III has a proven track record of value creation and will support companies seeking to benefit from India's growth story.

Mamoru Saito, Executive Officer at Resona Bank, said India is becoming increasingly important for Japanese companies across areas such as manufacturing, sales, procurement and research.

Context: growing Japanese interest in India

The partnership comes as Japanese businesses increasingly look to India for growth across manufacturing, sales, sourcing and research and development. Tata Capital has described the investment as strengthening the long-standing relationship its growth fund business has developed with Japanese institutional investors.

Company profiles

Tata Capital, described as the Tata Group's flagship financial services platform, reported net assets under management of around $29.3 billion as of March 31, 2026. The company operates 1,477 branches across 27 states and union territories and serves around 8.4 million customers.

Resona Bank is a core banking subsidiary of Resona Holdings. As of March 2026, the group reported total assets of approximately 77 trillion yen ($480 billion), with more than 800 branches and serving around 500,000 corporate customers.

Market reaction

Shares of Tata Capital were trading 0.04% lower at ₹364.90 on the NSE at 2:36 pm on August 24, 2026.