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Capital First Ltd. Company History and Annual Growth Details

Capital First was formed in 2012 as a result of a
Management Buyout of an existing NBFC. The promoter of the company is the
highly reputed Global Private Equity Fund, Warburg Pincus, United States of
America, with Capital of USD 45 billion (Rs. 2,49,819 Crores). Capital First is
listed on NSE and BSE, and has a record of consistent growth &
profitability.



 In September 2012, Warburg Pincus acquired 70%
stake in the company for Rs. 810 Crores, including fresh investment of Rs. 100
Crores into the company which was the largest FDI in India in financial
services in 2012-13. Warburg Pincus is a leading and highly reputed global
private equity firm. Founded in 1966, Warburg Pincus is among the largest
Private Equity firms in the world, and highly renowned for corporate
governance. In India, Warburg Pincus has supported and built large and reputed
corporations like HDFC Limited, Kotak Mahindra Bank Limited, Bharti
Tele-ventures Limited and Ambuja Cements Ltd.



In November 2012, the long term credit rating
of the Company changed to AA+ from the existing AA- by leading credit rating
agencies which recognize the experienced management team, strong business
model, strong controls and processes, high credit quality, conservative asset
liability management with no tenor mismatches and strong promoters in the
Company.



 



During May 2013, Capital First Home Finance
Pvt. Limited (CFHFPL), a wholly owned subsidiary of Capital First Limited
(CFL), received the Housing Finance Company (“HFC”) License from National
Housing Bank (“NHB”). CFHFPL is now operating as an HFC and growing its housing
finance assets gradually.



In September 2013, CFL decided to close its
broking business including securities broking, commodities broking and property
services to focus on the core lending business focusing on the retail finance.
The Company has completed the winding up of the operations related to the
broking business and is in the process of surrendering its broking licenses.



 Following the first round of investment,
Warburg Pincus further infused an additional equity of Rs. 128 Crores of Tier I
capital in March 2014 to further the growth plans of the company. Additionally,
in March 2014, another marquee and highly reputed name of the Financial
Services world, HDFC Standard Life Insurance Company Limited from the HDFC
group, have infused Rs. 50 Crores which again contribute to the Tier-I capital.
HDFC Life is a leading life insurance company in India, having its registered
office at Mumbai 400 011. HDFC Limited, which owns 72.37% of HDFC Standard Life
Insurance Company Ltd, is a leading and reputed Housing finance institution in
India.



 During FY13 and FY14, the Company scaled up all the
MSME and retail finance businesses and the Asset Under Management (“AUM”) cross
Rs. 10,000 Cr in the first quarter of FY15. The no of customers financed since
inception also crossed the figure of 1.0 million during this time.


-The Company has changed its name from Future Capital Holdings Ltd to Capital First Ltd.


2013

- The Company has appointed Mr. M S Sundara Rajan and Mr. Hemang Raja as Additional Directors of the Company

- Capital First Ltd announced that rating agency, Credit Analysis & Research Ltd (CARE) has assigned CARE AA+ rating to the company.

- The Company has paid Dividend of Rs. 1.80/- per equity share of Rs. 10/- each (18%).

2014

- The Company has paid Dividend of Rs. 2/- per equity share of Rs. 10/- each (20%).

- Credit Analysis & Research Limited ("CARE") has assigned 'CARE AA' (Double A) rating for fresh limit of Rs. 50 Crore to the Company's Perpetual Debt Issue.

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