RMB innovates to empower Tata International’s AFCL 

Media Release

15 May 2024

RMB innovates to empower Tata International’s AFCL 

Distribution and sale of commercial vehicles forms a significant component of the Indian multinational corporation Tata International’s Africa business. Alliance Finance (AFCL), a subsidiary of Tata International, provides finance solutions for customers to acquire vehicles in Africa.

“Africa is a strong focus area for Tata International, not only because of the closeness and growth of Indo-Africa ties but also because of the company’s ethos of contributing to the growth and improvement of the overall ecosystem in which we operate,” said Lalit Kasliwal, Chief Financial Officer, at Tata International.

RMB structured a strategic financing solution to empower AFCL’s credit offerings. After engaging with multiple stakeholders to ensure the structuring was delivered in line with the requirements, the transaction was piloted by RMB in South Africa in March 2024. The funding solution aims to help accelerate AFCL’s Africa region portfolio and asset growth plans while improving the quality of life of the people.

“RMB was able to execute within tight timeframes, testimony to the team’s ability to execute complex transactions and commitment to delivering bespoke solutions. Our dedicated presence in both India and South Africa also ensured seamless collaboration through the cross-border transaction, positioning RMB as a partner of choice in the India-Africa corridor,” concludes Nisha Poddar, Head of Coverage, India at RMB.

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