Capital India Finance Limited (CIFL), a middle-layer non-banking financial company listed on the NSE and BSE, has crossed a significant milestone, surpassing ₹1,000 crore in assets under management (AUM) in the financial year 2024-25, the company said in a press release on 26 May. As of 31 March 2025, CIFL’s standalone AUM stood at ₹1,004.52 crore, reflecting a 7% year-on-year growth from ₹935.15 crore in March 2024.
The achievement underscores CIFL’s disciplined lending strategy and sharp focus on empowering India’s underserved micro, small, and medium enterprises (MSME) sector. With 84% of its AUM secured and 16% unsecured, the company has maintained robust asset quality, boasting a net non-performing asset (NPA) ratio of 0.98%, among the best in its peer group. A strong asset-liability management profile, conservative leverage, and a diversified funding base further position CIFL for sustained growth.
For FY25, CIFL reported a standalone total income of ₹184.45 crore and a consolidated total income of ₹618.71 crore. The company’s standalone profit before tax stood at ₹12.88 crore, with a profit after tax of ₹11.78 crore. Disbursements reached ₹465.41 crore for the year, with the fourth quarter alone contributing ₹172.69 crore, up 78% from the previous quarter. CIFL maintained a gross NPA of 1.83%, a capital adequacy ratio of 36.08%, a debt-to-equity ratio of 1.06x, and a net worth of ₹621.54 crore as of 31 March 2025.
The company raised ₹400 crore in debt during FY25, with outstanding debt of ₹666.17 crore from 20 lenders, including six new lenders added during the year. CIFL also secured an “A” credit rating from Infomerics Valuation and Rating Pvt. Ltd., reinforcing its financial stability.
Pinank Shah, CEO of Capital India Finance, said, “Crossing the ₹1,000 crore AUM mark reflects our robust foundation for sustainable growth. Our diversified lending approach, strong asset quality, and conservative leverage position us to capitalize on the MSME lending opportunity. The strategic sale of Capital India Home Loans sharpens our focus on this core segment, and we aim to expand our NBFC branch network to 100 branches over the next two years.”
CIFL’s subsidiary, Capital India Home Loans Ltd., reported a total income of ₹74.55 crore and a profit after tax of ₹2.78 crore in FY25, with its AUM growing 9% to ₹490.03 crore. The CIFL board approved the sale of its entire stake in the subsidiary to Weaver Services Private Limited for ₹266.53 crore on 16 October 2024, with shareholder approval on 29 January 2025. The transaction, which received RBI approval in May 2025, is expected to close in the first half of FY26.
Another subsidiary, Rapipay Fintech Pvt. Ltd., recorded a total income of ₹360.03 crore in FY25, reducing losses by 35% year-on-year and achieving a cash profit of ₹1.54 crore in Q4 FY25.
CIFL, a non-deposit-taking NBFC registered with the Reserve Bank of India, focuses on MSME lending and operates in the foreign exchange business through its RemitX vertical. As of 31 March 2025, its consolidated AUM, including Capital India Home Loans, stood at ₹1,474.79 crore. With a strategic roadmap in place, CIFL is well-positioned to drive growth in India’s dynamic MSME lending space