Seizing the emerging opportunities to develop robust million micro, small and medium enterprises (MSMEs), Capital First Ltd (CFL) has emerged as a systemically important Non-Banking Financial Company (NBFC) with comprehensive product suite to meet financial needs of the customers. The company has earned a reputation of catering to segments that are traditionally underserved by the existing financing system.
Seizing the opportunity CFL believes in financing India’s 30 million MSMEs and its emerging middle class with a differentiated model based on new technology platforms. This led the management to convert the existing NBFC, which was into wholesale financing business (90 per cent of the book) in March 2010, into a retail finance institution (85 per cent of book), and expanded operations to 222 locations across the country.