Capital India Finance has marked a significant milestone by listing its equity shares on India’s National Stock Exchange (NSE).
This strategic development reflects the company’s commitment to enhancing long-term shareholder value and increasing accessibility for a wider investor base.
Previously, Capital India Finance Limited shares were available only on the Bombay Stock Exchange. Now, they can also be traded on the National Stock Exchange under the same ticker symbol, CIFL. This dual listing is expected to provide broader visibility among a larger investor base and improve market participation.
Capital India Corp holds 72.95 per cent of CIFL’s equity. The company is a core investment entity registered with the Reserve Bank of India and is promoted by Sumit K Narvar. Narvar is a first-generation entrepreneur who has mentored and built businesses in the FinTech and financial services sectors, alongside developing residential and commercial real estate projects, mainly in the northern and western regions of India.
CIFL also benefits from strategic investments by prominent groups, including theDharampal Satyapal Group, RJ Corp Group, DLF Group, and Sudhir Power Limited.
Narvar, Group Chairman and Managing Director, Capital India Corp expressed his enthusiasm for the new listing, stating, “We are delighted to take this important step of listing CIFL on the NSE. This dual listing will provide broader visibility amongst a larger investor base, improve market participation, and open new avenues for growth and capital access. In the last two years, CIFL has undertaken many strategic measures to enhance corporate governance, business efficiency, and build trust and long-term growth for the investors. Listing on NSE shows our commitment to this ethos.”
CIFL has demonstrated consistent financial performance and operational excellence, offering a diverse range of lending and financial services to individuals, small and medium enterprises, and corporate clients across India.
The company operates in lending, foreign exchange through its RemitX vertical, housing finance, and prepaid payment solutions through subsidiaries such as Capital India Home Loans Limited and Rapipay Fintech. Rapipay, in particular, has emerged as a fast-growing neo-banking business, providing digital banking services and payment solutions to a wide network of business partners and direct business outlets.
For the nine months ending 31st December 2024, CIFL reported a consolidated total income of Rs 482.26 crore. The financial year 2023-24, the company recorded a consolidated total income of Rs 692.51 crore. The company employs 615 people and is supported by a strong management team.
Narvar added, “The listing marks a significant milestone in our journey and reaffirms our commitment to transparency for our investors and partners. It also positions us strategically for the next phase of sustained growth. We remain steadfast in our focus on building a strong, resilient, and future-ready financial institution.”
Send news announcements/press releases to:
info@b2bmarketmedia.com
