Capital India Finance Limited (formerly known as Bhilwara Texfin Limited) is an India-based Non-Banking Financial Institution (NBFC) registered with the Reserve Bank of India (RBI). Based in Delhi, the company provides customised financial solutions to corporate entities and SMEs for growth and working capital requirements. Capital India positions itself as an India-focused, technology-enabled SME Finance Platform, partnering small and medium businesses with tailored finance solutions.
The company was originally incorporated on November 16, 1994, as Bhilwara Tex-fin Limited. It received its Certificate of Registration dated August 30, 2017, from the RBI to operate as a Non-Banking Financial Institution (NBFC) without accepting public deposits. During the fiscal year 2017-18, the company underwent significant changes: its name was changed from Bhilwara TexFin to Capital India Finance, it experienced a major management overhaul, and its registered office was shifted from Delhi to Mumbai.
Capital India is an India-focused, integrated financial services platform designed to partner new-age, local businesses and entrepreneurs with customized finance solutions. CIFL offers a comprehensive range of financial products, including SME secured loans, machinery and equipment financing, and supply chain finance solutions. It primarily provides loans against property to SME/MSME segments and offers corporate/structured finance loans.
The company's SME secured loan solutions offer convenient loans against collateral, supported by a technology-enabled approach that ensures quick turnaround times, attractive interest rates, and seamless disbursements and customer experience. Additionally, its supply chain finance solutions provide capital to support the credit cycle of the entire value chain at favourable interest rates, aiming to facilitate smooth business operations.
Capital India believes that India's growing economy necessitates tailor-made financing opportunities for millions of small businesses, traders, and self-employed individuals who may not have ready access to traditional financial channels. The company has strategically shifted its focus from commercial real estate to the SME business class to address this demand.
For Q4 FY25 (quarter ended March 2025), Capital India Finance reported:
- Revenue: ₹141.32 Crore
- Net Profit: ₹-2.56 Crore (Net loss)
- The net loss for Q4 FY25 was ₹0.59 crore, compared to a net profit of ₹0.82 crore in Q4 FY24.
- Sales declined 16.83% to ₹138.61 crore in Q4 FY25, from ₹166.66 crore in Q4 FY24.
For the full year FY25:
- Net profit declined 86.70% to ₹1.55 crore, compared to ₹11.65 crore in FY22-23.
- Sales declined 9.95% to ₹611.44 crore, compared to ₹678.98 crore in FY22-23.
- Market Capitalization: ₹1,443 crore (as of May 2025)
- 52-Week Range: The 52-week high share price is ₹55.68, and the 52-week low share price is ₹19.51.
- Dividend: In the quarter ending March 2024, Capital India Finance Ltd declared a dividend of ₹0.10, translating to a dividend yield of 0.25%.
Capital India Finance Ltd's shares rose 5% after the company announced it crossed ₹1,000 crore in assets under management (AUM) for FY25, reflecting a 7% year-on-year growth. The company emphasizes its strong asset quality and commitment to the MSME sector, with plans to significantly expand its branch network.
Capital India Home Loans, a wholly-owned subsidiary of Capital India Finance, has received RBI approval for its ₹267 crore acquisition by Weaver Services. This strategic divestment aims to enable consolidation and resource reallocation, allowing Capital India Finance to enhance its focus on core lending operations. The transaction is expected to conclude in H1 FY 2025-26.
Capital India Finance (CIFL) announced its listing on the National Stock Exchange of India, effective April 17, 2025. The company's shares are now traded on both BSE and NSE under the ticker symbol CIFL.
Harsh Kumar Bhanwala serves as the Chairperson. The promoter holding in Capital India Finance Ltd decreased slightly to 72.95% as of April 2025, from 73.02% as of December 2024.
The company has undergone significant structural changes since its transformation. During this period, it incorporated 5 wholly-owned subsidiaries and issued 39,683,000 equity shares and 34,548,560 equity shares on a rights basis, aggregating to ₹2,500,029,000 and ₹2,487,496,320 respectively. With a resulting increased paid-up capital of ₹777,342,600, the company aims to establish a more powerful presence in the NBFC industry.
Capital India Finance operates through various subsidiaries and platforms, including RapiPay for digital financial services and other specialized lending platforms. The company has firmly established itself as a technology-driven financial services provider, specifically focusing on the underserved SME segment within India's growing economy.
