Capital India Finance Limited, a prominent non-banking financial company, has achieved a significant milestone by listing its equity shares on the National Stock Exchange of India as of 17 April 2025. This move underscores the company’s dedication to enhancing shareholder value and expanding its investor base.
Previously, shares of Capital India Finance Limited were only available on the Bombay Stock Exchange. With the recent listing on the National Stock Exchange under the ticker symbol CIFL, the company aims to increase visibility and attract a broader range of investors, boosting market participation.
Capital India Corp Private Limited holds a substantial 72.95% equity stake in CIFL. Helmed by Mr. Sumit K Narvar, a seasoned entrepreneur, the company has garnered support from various prominent groups like Dharampal Satyapal Group, RJ Corp Group, DLF Group, and Sudhir Power Limited. Mr. Narvar, the Group Chairman and Managing Director, expressed his enthusiasm for the dual listing, highlighting the strategic benefits it offers for growth and capital access.
Capital India Finance Limited has demonstrated consistent financial performance and operational excellence, catering to a diverse clientele ranging from individuals to corporate entities. The company’s services span lending, foreign exchange, housing finance, and prepaid payment solutions through its subsidiaries, including Capital India Home Loans Limited and Rapipay Fintech Private Limited.
Rapipay, a subsidiary of CIFL, has emerged as a rapidly growing neo-banking entity, providing digital banking services to a wide network of business partners and outlets. The company reported a consolidated total income of INR 482.26 crore for the nine months ending 31 December 2024, showcasing its financial strength and operational efficiency.
Mr. Narvar emphasized the significance of the listing in reinforcing transparency and commitment to stakeholders. He reiterated the company’s focus on building a resilient and future-ready financial institution, positioning it for sustained growth in the evolving market landscape.
The listing on the National Stock Exchange marks a crucial juncture in CIFL’s journey, reflecting its dedication to corporate governance, business efficiency, and long-term value creation. With a workforce of 615 employees and a robust management team, the company is poised for continued success in the financial services sector.
As the company embarks on this new phase of growth, the dual listing on the NSE is poised to unlock opportunities for expansion, market visibility, and enhanced investor engagement. The move aligns with CIFL’s strategic vision of fostering trust, transparency, and sustainable growth in the financial sector.
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