The Tata Capital Commercial and SME Mobile app offer commercial business and small- and medium-sized enterprises (SME) a seamless tool with end-to-end digitalization. The goal is to boost the user experience among companies with channel financing or term loans. Borrowers will be able to manage their loans by logging into the app from their smartphones.

Features include the ability to apply and track limit activation requests; raise draw-down requests; and track transactions and repayment schedule.

The app can be downloaded from the Google Play store and the Apple App store. 

The Tata Group was founded in 1868 by Jamsetji Tata and Tata Sons is the principal holding company. It is one of India’s largest conglomerates. Aside from its financing arm Tata Capital, it also has subsidiaries in automotive, IT, steel, chemicals, energy, hotels, beverages, communications and more. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors.

Tata Motors, the second-largest company that is owned by Tata, launched an electric SUV for India called the Nexon EV, according to a January blog post. Powered by Ziptron technology, it charges fast, has an extended battery life and extensive safety features. 

The adoption of banking mobile apps is growing among SMBs, with 61 percent using their banks’ mobile banking apps in 2019. In 2017, just a third of SMBs used apps for finances.