Tourism Finance Share Price

Tourism Finance Corporation of India Limited is an India-based Non-Banking Financial Company (NBFC) that operates within the specialised NBFC lending segment focused on hospitality and tourism infrastructure. It was established to provide financial support to hotel, resort, and tourism-related projects across the country. This segment occupies a distinct position in India’s financial services landscape, as it caters to long-gestation infrastructure projects linked to tourism development.

Tourism Finance Corporation of India Limited is regulated by the Reserve Bank of India (RBI) as an NBFC-ML-ICC (Non-Banking Financial Company – Middle Layer – Investment and Credit Company). As of FY 2024-25, the company provides long-term credit not only to the hospitality sector but also to manufacturing, real estate, and social infrastructure segments. Over time, Tourism Finance Corporation of India Limited has diversified its loan book beyond tourism, reducing concentration risk while maintaining its sector expertise.

Tourism Finance Corporation of India share price has reflected changes in credit performance and sector recovery trends. Tourism Finance Corporation of India stock price is often tracked by investors interested in specialised NBFCs. Tourism Finance Corporation of India share price trend during FY 2024-25 indicates a re-rating phase supported by improved financial metrics. Market participants tracking Tourism Finance Corporation of India share price 2025-2026 have also considered developments such as Alternative Investment Fund (AIF) co-sponsorship initiatives. Tourism Finance Corporation of India stock price live and Tourism Finance Corporation of India share price today continue to serve as real-time indicators of market activity for this hospitality-focused NBFC.

Tourism Finance Corporation of India Company Fundamentals

(A) Company Background

Tourism Finance Corporation of India Limited (TFCI) is a public financial institution incorporated on January 27, 1989, under the Companies Act, 1956, and commenced operations on February 1, 1989. It was established pursuant to the recommendations of the National Committee on Tourism under the Planning Commission to support the development of tourism infrastructure in India. The company was promoted by IFCI Limited along with other all-India financial institutions and nationalised banks. TFCI is registered as a Non-Banking Financial Company (NBFC-ML-ICC) with the Reserve Bank of India. The registered office is located at NBCC Plaza, Pushp Vihar, Saket, New Delhi. Over time, the company has expanded its financing activities beyond tourism to sectors such as real estate, manufacturing, healthcare, education, logistics, renewable energy, and NBFC financing.

(B) Company Product Lines

• Hospitality & Tourism Finance

• • Long-term financing for hotels, resorts, amusement parks, ropeways, convention centres and other tourism-related infrastructure

• • Core segment aligned with the company’s original mandate

• Diversified Sector Lending

• • Loans to sectors including real estate (especially residential/affordable housing), manufacturing, healthcare, education, logistics, and renewable energy

• NBFC/HFC Financing (Onward Lending)

• • Funding to NBFCs and housing finance companies for onward lending

• • Includes financing structures supporting credit availability in retail and MSME segments

• Loans Against Securities (LAS)

• • Loans extended against listed shares (Category-I securities), including corporate and HNI borrowers

• Advisory & Consultancy Services

• • Project feasibility studies, tourism planning, and advisory services for central and state governments and private sector clients

(C) Company Revenue Model

• Interest income from term loans and other lending activities forming the primary revenue source

• Fee-based income from advisory, consultancy, and investment banking services

• Income from financing NBFCs and structured lending transactions

• Income from loans against securities and other short-term financing products

• Other income including investment income and financial asset-related earnings

(D) Geographic Presence

• Corporate Office

• • New Delhi (Registered Office at NBCC Plaza, Pushp Vihar, Saket)

• Branch Presence

• • Office in Mumbai (Lower Parel)

• Operational Presence

• • Pan-India lending across multiple states including key tourism and infrastructure regions

• Sectoral Reach

• • Hospitality, real estate, manufacturing, healthcare, education, logistics, renewable energy, and financial sector entities across India

(E) Leadership

Some of the key leaders as of March 2026 are

• Anoop Bali – Managing Director & Chief Financial Officer
• Sanjay Ahuja – Senior Vice President, Company Secretary & Compliance Officer
• Mrs. Charu Singh – President (Business Unit)
• Shri Rajiv Singh – Senior Vice President
• Anoop Bali – Managing Director & CFO
• Sanjay Ahuja – SVP / Company Secretary / Compliance Officer
• Bapi Munshi – Independent Non-Executive Director
• S. Ravi – Chairman & Non-Executive Director
• Ashok Kumar Garg – Independent Non-Executive Director
• Thankom T. Mathew – Independent Non-Executive Director
• Parkash Chand – Non-Executive & Non-Independent Director
• Deepak Amitabh – Independent Non-Executive Director
• Mahabaleshwara M. S. – Independent Non-Executive Director
• Aditya Kumar Halwasiya – Non-Executive & Non-Independent Director
• Dr. S. Ravi – Non Executive Chairman (Non-Independent Director)
• Shri Parkash Chand – Director
• Shri Aditya Kumar Halwasiya – Director
• Mrs. Thankom T Mathew – Independent Director
• Shri Ashok Kumar Garg – Independent Director
• Shri Deepak Amitabh – Independent Director
• Dr. Mahabaleshwara M S – Independent Director
• Shri Anoop Bali – Managing Director

(F) Key Milestones 

• 1989 – Incorporated on January 27; commenced operations on February 1 as a specialised financial institution for tourism sector financing
• 1994–1995 – Public issue of equity shares and listing on stock exchanges (BSE and NSE)
• 2000s onward – Gradual diversification into infrastructure, real estate, and other sectors
• 2010s–2020s – Expansion into financing NBFCs, renewable energy, and social infrastructure
• 2024–2025 – Continued diversification of loan portfolio across multiple sectors and expansion of lending activities

(G) Industry Perspective 

India’s hospitality lending sector underwent severe stress during FY 2020-21 and FY 2021-22 as pandemic-related business disruptions impacted hotel project cash flows and asset quality across institutional lenders. Post FY 2022-23, structural recovery in domestic and inbound tourism volumes drove renewed credit demand from hotel developers, resort operators, and tourism facility promoters. Government focus on tourism infrastructure through national policy frameworks has created sustained long-term financing opportunities. The rise of mid-scale hotel development, brownfield refurbishment financing, and alternative tourism facilities has broadened the addressable market for specialised hospitality NBFCs. AIF-linked debt instruments for hospitality and real estate have further deepened the sector’s institutional financing ecosystem through FY 2024-25.

Tourism Finance Corporation of India sits at the centre of this structural hospitality credit recovery. Tourism Finance Corporation of India share price has implied how the listed market values niche hospitality NBFC exposure through FY 2024-25. Tourism Finance Corporation of India stock price has remained aligned with India’s hotel sector growth narrative.

Tourism Finance Corporation of India Stock Market Presence – Listing And Index Representation

Tourism Finance Corporation of India is listed on the Bombay Stock Exchange (BSE) under code 526650 and on the National Stock Exchange (NSE) under the symbol TFCILTD. The listing date is February 8, 1995, and its International Securities Identification Number (ISIN) is INE305A01023. As of FY 2024-25, the company is not part of any major Nifty index and is classified as a small-to-mid capitalisation specialised NBFC.

Tourism Finance Corporation of India share price has seen participation from both institutional and retail investors during FY 2024-25. Tourism Finance Corporation of India stock price shows adequate liquidity for a wholesale lending institution of this size. Tourism Finance Corporation of India earnings for FY 2024-25 indicate improvement in total income and profit-after-tax. Tourism Finance Corporation of India live price on NSE and BSE is used as the primary reference for real-time tracking. The company is also associated with sectoral benchmarks such as the S&P BSE Finance index, which represents the broader financial services segment in India.

Tourism Finance Corporation of India Stock Performance AndShare Price History

Tourism Finance Corporation of India share price has moved through different phases over recent years. During FY 2024-25, the stock experienced a re-rating cycle following recovery from pandemic-related disruptions that had impacted the hospitality sector. The improvement in credit demand and loan disbursements contributed to sustained upward movement.

The one-year Compound Annual Growth Rate (CAGR) for FY 2024-25 reflects a strong positive movement in Tourism Finance Corporation of India stock price. Over the three-year CAGR period from FY 2022-23 to FY 2024-25, the stock has shown consistent appreciation, supported by gradual recovery in business activity. The five-year CAGR from FY 2020-21 to FY 2024-25 captures the transition from a period of slowdown to recovery.

Tourism Finance Corporation of India share price history shows alternating periods of consolidation and upward movement, often aligned with lending activity and sector conditions. Tourism Finance Corporation of India investor sentiment has improved from FY 2023-24 onwards. Tourism Finance Corporation of India volatility levels have remained moderate, which is typical for a wholesale lending NBFC.

Tourism Finance Corporation of India Investor Relevance And Role In Portfolio

Tourism Finance Corporation of India investment positioning is based on its role as a specialised NBFC focused on hospitality financing, supported by over three decades of operational experience. Tourism Finance Corporation of India share price at FY 2024-25 levels reflects a re-rating relative to its book value, supported by improving Return on Total Assets (ROTA).

Tourism Finance Corporation of India fundamentals include capital adequacy, conservative gearing, and a gradually diversifying loan book. These factors contribute to its financial profile as a sector-focused lender. Tourism Finance Corporation of India P/E ratio (Price-to-Earnings ratio) has shown alignment with improving earnings visibility during FY 2024-25. Tourism Finance Corporation of India EPS (Earnings Per Share) has increased consistently from FY 2022-23 through FY 2024-25, supported by higher income levels and stable credit costs.

The company has also maintained regular dividend distributions up to FY 2024-25. Tourism Finance Corporation of India share price, along with its financial metrics, is monitored by investors evaluating specialised NBFC exposure within a diversified portfolio.

Tourism Finance Corporation of India Sectoral Relevance And Peer Positioning

Tourism Finance Corporation of India operates within a niche segment of sector-focused NBFCs. In Tourism Finance Corporation of India peer comparison, it is often evaluated alongside institutions such as REC Limited (Rural Electrification Corporation Limited), PFC Limited (Power Finance Corporation Limited), IRFC Limited (Indian Railway Finance Corporation Limited), and Sundaram Finance Limited. These entities are also engaged in sector-specific or institutional lending activities.

Tourism Finance Corporation of India market cap as of FY 2024-25 places it within the small-to-mid capitalisation category in the listed NBFC space. It is viewed as a focused participant in hospitality sector financing compared to diversified lenders. Tourism Finance Corporation of India SWOT analysis highlights its experience in tourism financing, relatively low operating cost structure, capital adequacy, and regulatory status as key strengths.

At the same time, dependence on the tourism sector and the scale of its loan book are factors that influence its positioning. As of FY 2024-25, diversification into other sectors remains an important aspect of its lending strategy.

Summary

Tourism Finance Corporation of India Limited operates as a specialised NBFC with a focus on financing hospitality and tourism infrastructure, while gradually expanding into other sectors. Its regulatory classification as an NBFC-ML-ICC and its long-term lending model define its role in India’s financial system. Tourism Finance Corporation of India share price, stock price trends, and financial metrics reflect its operational performance and sector conditions. The company’s listing on BSE and NSE, along with its presence in financial indices such as S&P BSE Finance, provides market visibility. Overall, it represents a sector-focused lending institution with a defined role in infrastructure financing.