Tvs Credit Services Limited

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)
Latest Rating
AA+ (CARE)
Total Debt Outstanding
₹5,799 Cr
Across 13 instruments
Listed Bonds
13
First Issue
2017-11-24
Latest Issue
2025-09-19
Maturity Range
2027 - 2030
Observation
13 active bonds tracked from this issuer.
View details →
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Financial Services
Issuer Type
Nbfc
First Tracked Bond
2017-11-24
Start of this issuer's debt program timeline
  • 13 active bonds tracked from this issuer.
  • 5 of 13 tracked bonds with a stated security status are secured. (based on 13 bonds with a disclosed security status)
  • Most recent rating action: other by CRISIL on 2026-08-13.

Tvs Credit Services Limited, an NBFC in the financial services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 7.50% - 11.50%, paid annual. Maturities on outstanding bonds fall between 2027 - 2030.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
13
Tracked by RetailBonds
Amount Tracked
₹5,799 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
8.93%
Range 7.50% - 11.50%
Avg Remaining Tenure
1.7 Yrs
Nearest maturity 2027-06
Secured
38%
5 of 13 bonds with known status
Callable
1
Of 13 bonds
Avg Spread vs G-Sec
+316 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (6 bonds).

0 2027: 4 bonds, ₹1,949 Cr tracked, avg coupon 8.57% 4 bonds 2027 2028: 6 bonds, ₹3,100 Cr tracked, avg coupon 8.61% 6 bonds 2028 2029: 1 bond, ₹500 Cr tracked, avg coupon 9.30% 1 bond 2029 2030: 1 bond, ₹150 Cr tracked, avg coupon 9.38% 1 bond 2030 2042+: 1 bond, ₹100 Cr tracked, avg coupon 11.50% 1 bond 2042+

Security Type / Instrument Mix

  • NCD 13 bonds · 100% · ₹5,799 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2017: ₹100 Cr issued 2017 2021: ₹449 Cr issued 2021 2022: ₹400 Cr issued 2022 2023: ₹700 Cr issued 2023 2024: ₹1,650 Cr issued 2024 2025: ₹2,500 Cr issued 2025 Cumulative: ₹100 Cr Cumulative: ₹549 Cr Cumulative: ₹949 Cr Cumulative: ₹1,649 Cr Cumulative: ₹3,299 Cr Cumulative: ₹5,799 Cr

Based on 13 of 13 active bonds with a known issue date and issue size.

03 Credit Profile
  • AA 12 bonds · 92%
  • A 1 bonds · 8%
AgencyRatingOutlookBonds
CRISIL AA 5
CARE AA+ 4
CRISIL AA- 2
CRISIL A+ 1
ICRA AA 1

Recent Rating Actions

2026-08-13 · CRISIL
Other
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE729N08055 8.85% UNSECURED RATED LISTED SUBORDINATED TIRE II REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 02/06/2027 8.85% AA- (CRISIL) 2027-06-02
INE729N08063 8.85% UNSECURED RATED LISTED SUBORDINATED TIRE II REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 11/06/2027 8.85% AA- (CRISIL) 2027-06-11
INE729N07065 8.35% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 29/10/2027 8.35% AA (CRISIL) 2027-10-29
INE729N07073 8.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 31/12/2027 8.25% AA+ (CARE) 2027-12-31
INE729N08071 9.50% UNSECURED RATED LISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 18/01/2028. 9.50% AA (CRISIL) 2028-01-18
INE729N08089 9.5% UNSECURED RATED LISTED SUBORDINATE TIER II REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 31/01/2028. 9.50% AA (CRISIL) 2028-01-31
INE729N07081 8.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 03/03/2028 8.25% AA+ (CARE) 2028-03-03
INE729N07099 7.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 27/06/2028 7.50% AA+ (CARE) 2028-06-27
INE729N08097 9.35% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 29/08/2028 9.35% AA (CRISIL) 2028-08-29
INE729N07107 7.55% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 19/09/2028 7.55% AA+ (CARE) 2028-09-19
INE729N08105 9.30% UNSECURED RATED LISTED TIER II NON CONVERTIBLE DEEBNTURE DATE OF MATURITY 27/06/2029 9.30% AA (ICRA) 2029-06-27
INE729N08113 9.38% UNSECURED RATED LISTED TIER II REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 24/04/2030. 9.38% AA (CRISIL) 2030-04-24
INE729N08014 11.50% UNSECURED UNLISTED SUBORDINATED RATED TAXABLE PERPETUAL NON CONVERTIBLE DEBENTURES. 11.50% A+ (CRISIL) 9999-12-31
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Payment Disclosures (SEBI Reg52(4)) 1 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
2026-07-26 9.5% UNSECURED RATED LISTED... Interest ₹289,800,000.00 ₹289,800,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

07 Regulatory Filings
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 13 2025-08-05
Rating Actions History 1 2026-08-13
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 1 2026-07-26

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Tvs Credit Services Limited have?

Tvs Credit Services Limited currently has 13 active bonds with coupons 7.50% - 11.50%, maturities spanning 2027 - 2030.

What is Tvs Credit Services Limited's credit rating?

The most recent rating on Tvs Credit Services Limited's bonds is AA+ (CARE), published by BRICKWORK, CARE, CRISIL, ICRA.

Are Tvs Credit Services Limited's bonds secured?

Of the 13 bonds with a disclosed security status, 5 are secured (38%) and 8 are unsecured.

When do Tvs Credit Services Limited's bonds mature?

Tvs Credit Services Limited's active bonds mature between 2027 - 2030; the nearest matures in 2027-06; the average tenure is 1.7 Yrs.

What is the average coupon on Tvs Credit Services Limited's bonds?

The average coupon across Tvs Credit Services Limited's 13 active bonds is 8.93%.

Disclaimer: This page aggregates publicly available data about Tvs Credit Services Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.