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Company Overview

Capital First Limited, listed in NSE and BSE, is a leading Indian financial institution, specializing in providing debt financing to MSMEs and Consumers in India.

Between 2008 to 2010, the Company was largely in the business of wholesale Financing, asset management, and had JVs in Foreign Exchange and retail equity Broking. Between 2010 to 2012, Mr. Vaidyanathan acquired a stake in the company, changed the business model to retail, and executed a Management Buyout of the company by securing equity backing from Warburg Pincus for Rs. 810 Crores and changed the name of the company to Capital First. In the process the company got new shareholders, reconstituted a new board and started new retail business lines.

The Market Cap of Capital First has increased from Rs. 7.90 billion ($121 mn) on June 30 2012 (FY ending prior to the buyout) to Rs. 60.96 bn on June 30, 2018. ($0.94 bn).

The founding theme of Capital First is that financing India's 50 million MSMEs and its emerging middle class, with a differentiated model, based on new technologies provides a large and unique opportunity.

Unlike traditional models of financing, Capital First has successfully created new models to finance MSMEs and Indian consumers, in the hitherto unbanked and under-penetrated segments. The Company uses a differentiated model, based on new technologies and deep analytics. With this differentiated approach, Capital First has financed over 7.0 million customers in more than 225 locations across India and built loan assets of Rs 326.22 Bn (USD 4.47 bn) as on 30 September, 2018, with 91% of its loan assets in the Consumer & MSME financing space. Capital First has maintained high asset quality over the years. The Gross and Net NPA of the Company is 1.62% and 1.00% respectively as of 30th June 2018 on 90 dpd NPA recognition basis.

The company enjoys the highest long term credit rating of AAA. Capital First is focused on building an institution on strong pillars of ethics, values and high corporate governance.


Capital First- Vision

To be a leading financial services provider- admired and respected for high corporate governance, ethics and values.

Capital First- Vision

To primarily support the growth of MSMEs in India with debt capital through technology enabled platforms and processes.

Capital First- Vision

To finance the aspirations of the Indian Consumers using new-age analytics and technology solutions.



We respect the fact that our investors have entrusted us with their capital, our partners with their faith, our customers with their confidence and our employees with their aspirations. We will measure our success by the success of our stakeholders and will work diligently to ensure that we fulfill our fiduciary responsibility.


We firmly believe that the difference between a good business and a great organisation is the integrity of its people. We will conduct ourselves ethically and transparently in all our dealings, both internal and external.


We will maintain an environment which fosters creativity and encourages innovation. We believe that this will enable us to attract, retain and nurture the best talent and develop the business and thought leaders of tomorrow.

Mutual Respect

We will build an organization which has a positive mindset. By conducting every interaction with respect and consideration, we will create a self-reinforcing culture of success.


We believe that it is our responsibility to contribute to the environment in which we operate. By investing in our community, we will not only improve our surroundings today, but also provide better opportunities for future generations.