Formerly known as The Investment Corporation of India, it invests primarily in long-term investments such as equity shares and equity-related securities. Tata Investment Corporation Limited was promoted by Tata Sons Private Limited in 1937 as The Investment Corporation of India Limited. According to the company's website, it remained a privately owned company until 1959, after which it became one of the few publicly owned investment companies listed on the Bombay Stock Exchange. In February 2008, the company became a subsidiary of Tata Sons Private Limited. According to the company's official website, Tata Sons, together with other Tata companies, holds approximately 73.38% of the paid-up capital of Tata Investment Corporation Limited. On August 31, 2012, TICL acquired a 95.57% stake in Cimto Investment Company Limited (Cimto), following which Cimto became a subsidiary of TICL.