Tourism Finance Corporation of India (TFCI) has entered into alliances with experienced partners to launch Category-II Alternate Investment Funds focused on hotels and real estate, marking a key shift in its business strategy.

Traditionally known as a specialised lender to the tourism sector, TFCI is repositioning itself as a diversified non-banking financial company with a wider financing and investment mandate. The proposed AIF platforms will pursue equity and structured investments in hospitality and real estate assets, leveraging the company’s long-standing sector expertise. The move is part of a broader plan to reduce dependence on conventional term lending while expanding exposure across multiple asset classes.

Alongside AIF-led investments, TFCI plans to scale up lending to sectors such as real estate, social infrastructure, logistics, manufacturing, NBFCs, HFCs and ARCs, while also offering loan-against-property and financing against listed shares.