Tata Motors Finance Ltd. a subsidiary company of Tata Motors Ltd. (“Tata Motors”), a Tata Group company, has gone live with LeaseWave lease management software by Odessa Technologies, Inc. (“Odessa”). With more than 2 million customers financed, TMFL is the largest financier of vehicles manufactured by Tata Motors. Tata Motors makes both passenger cars and light, medium and heavy commercial vehicles and is India's largest automobile company, with consolidated revenues of INR 1,23,133 crores (USD 27 billion) in 2010-11. The Tata Group comprises over 100 operating companies in seven business sectors, with operations in more than 80 countries, and over 425,000 employees worldwide.
“Tata Motors Finance continues to increase its market share and is poised for significant growth in the coming years. We recognize the importance of reliable and scalable IT infrastructure to not only complement but to also enable this growth. And, keeping in line with industry best practices, our IT strategy always goes beyond the organization’s boundaries to cover suppliers, dealers, customers and other stakeholders” said Jitendra Jadhwani, CIO. “LeaseWave’s state of the art technology and automation features will enable Tata Motors Finance to build on this IT vision and best prepare for expected growth.”
“We are pleased to add another world class company to our client list. In implementing the LeaseWave solution at TMFL, we were especially excited by the efficiencies and immediate productivity gains that LeaseWave will enable. While facilitating its business processes, the system will also help TMFL navigate through the complexities of its regulatory environments,” says Jay Mehra, Chief Operating Officer at Odessa Technologies. “Given its rigorous requirements and challenges, TMFL represented the ideal client for LeaseWave.”
Odessa Technologies is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, Pennsylvania and employs a staff of 250 people. Odessa is a developer of the LeaseWave suite of products, a fully integrated browser-based lease and loan management solution, providing an end-to-end origination and portfolio management system for equipment leasing and finance, vehicle leasing and fleet management companies. The LeaseWave suite is specifically engineered to be configurable to accommodate even the most complex business model, as evidenced by Odessa’s diverse customer base. Learn more about Odessa Technologies, Inc. and its services by visiting www.odessatechnologies.com.