Capital India Finance

Name

Capital India Finance

Legal name

Capital India Finance Limited

Website

https://capitalindia.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services (NBFC) - SME & Retail Lending

NAICS

Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159), Personal Credit Institutions (6141)

akta.pro primary industry

SME Lending & Working Capital Platforms (FSAGAJAA)

akta.pro secondary industries

SME Term Loans & Growth Capital (FSAKAGAB), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

Keywords

• SME secured lending
• Retail home loans
• Digital payments network
• Forex remittance services
• Supply chain finance

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Lending / Interest Income: Core revenue from interest income on SME secured loans, equipment finance, supply chain finance, and retail loans including home loans, home improvement, loans against property, and NRI home loans. Standalone profit after tax of Rs 403.6 million for FY26.
2. Fintech Digital Services (RapiPay): Revenue from digital payment and banking services through RapiPay network including MATM, AEPS, money transfer, POS solutions, and cash collection. RapiPay achieved EBITDA positivity with EBITDA of Rs 68.9 million in FY26.
3. Forex / Remittance Services (RemitX): Revenue from foreign exchange products including foreign currency, forex cards, telegraphic transfer, and blocked account services for international students

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Capital India Finance is an India-focused NBFC providing SME secured loans, equipment finance, and supply chain finance to businesses, alongside retail home loans, home improvement, home extension, loans against property, NRI home loans, and PMAY-CLSS housing loans for individuals. The company also operates fintech and forex businesses through its subsidiary RapiPay (digital payments, micro ATMs, AePS, money transfer, POS) and its RemitX platform (foreign exchange, forex cards, telegraphic transfers, blocked accounts for German student visas). Lending is supported by a technology-enabled platform with doorstep document pickup, digital onboarding, and AI-based KYC processing.

Product overview

Capital India Finance is an India-focused integrated financial services platform providing SME Finance and Retail Finance products. SME Finance includes Secured Loans, Equipment Finance, and Supply Chain Finance. Retail Finance offerings include Home Loans, Home Improvement Loans, Home Extension Loans, Loans Against Property, NRI Home Loans, Home Loan Balance Transfer, and government-backed PMAY-CLSS scheme. The company also operates two fintech sub-brands: RapiPay (digital payments, micro ATMs, POS solutions) and RemitX (foreign exchange and remittance services).

Differentiator

Problem solved

Functional benefit

Brands

• RapiPay: Digital payments platform offering micro ATMs, AEPS, money transfer, cash collection, and POS solutions through a network of DBOs (Distribution Business Outlets). Rapipay achieved EBITDA positivity in FY26.
• RemitX
• Atulya Foundation

Products and services

• SME Secured Loans Collateral-backed loans for self-employed individuals, sole traders, startups and private limited companies up to Rs 5 crore at interest rates starting from 13 percent, with tenure up to 15 years, technology-enabled processing, quick turnaround and doorstep document pickup.
• Equipment Finance Loans for purchase or upgrade of new or refurbished machinery and equipment up to Rs 1 crore with competitive interest rates starting from 13 percent, tenure up to 5 years, and a seven-day turnaround time. Targeted at self-employed individuals and corporates.
• Supply Chain Finance Collateral-free loans providing working capital across the credit cycle of entire value chains, digitally processed with minimal documentation and hassle-free onboarding, up to Rs 5 crore at interest rates starting from 13 percent, with revolving limits renewed annually.
• Home Loans Customized home loan solutions with flexible EMIs and competitive interest rates for individuals purchasing houses in India.
• Home Improvement Loans Loans at affordable interest rates for renovation, repair, or upgrade of houses by individual borrowers.
• Home Extension Loans Loans for expanding houses (for example adding children's rooms or expanding kitchens) with easy and timely processing and doorstep documentation.
• Loans Against Property Quick and easy credit against residential or commercial property for personal purposes such as children's education, marriage, or emergency medical bills.
• NRI Home Loans Home loan solutions for Non-Resident Indians with attractive interest rates, minimized paperwork, and technology-enabled swift approvals.
• Home Loan Balance Transfer Process to transfer an existing home loan from another lender to Capital India, with the option of better terms, using a quick and simple process.
• PMAY-CLSS Home Loans Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme housing loans designed to make housing loans affordable for middle-income and low-income groups under the government scheme.
• RapiPay Digital Payments and Banking Services Digital payment and financial services platform (fintech subsidiary RapiPay Fintech Private Limited) offering micro ATMs (MATM), AePS, money transfer, cash collection, POS solutions, and assisted payment services through a network of 50,000+ Digital Banking Outlets (DBOs) across India. Achieved EBITDA positivity with Rs 68.9 million EBITDA in FY26.
• RemitX Foreign Exchange and Remittance Services Foreign exchange platform (RemitX) for booking foreign currency, forex cards, telegraphic transfers for overseas travel, and the Blocked Account portal for German student visas (gba.remitx.com). Powered by Capital India's RBI AD Category-II licence and MTSS licence renewed in January 2026.

Quantifiable outcome

• AUM grew 22% YoY to ₹1,227 crore in FY26
• +4 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• RapiPay Fintech Private LimitedcoreOthersMaterial fintech subsidiary providing digital payment and banking services including micro ATM, AEPS, money transfer, and POS solutions through a network of over 50,000 DBOs. Achieved EBITDA positivity in FY26 with EBITDA of Rs 68.9 million. Keshav Porwal, MD of Capital India Finance, serves as Director on the RapiPay board.
• Capital India Home Loans LimitedminorOthersPreviously a subsidiary focused on housing finance. Capital India divested its entire stake in August for Rs 267 crore as part of strategic realignment towards core lending and balance sheet strengthening in FY26.
• HDFC Life InsuranceminorGTM or Marketing PartnerBusiness associate for digital sourcing of digital loans. HDFC Life Insurance logo appears on the Capital India Finance website as a business associate for loan distribution partnerships.
• ICICI Lombard General Insurance Company LtdminorGTM or Marketing PartnerBusiness associate for digital sourcing of digital loans. ICICI Lombard General Insurance logo appears on the Capital India Finance website as a business associate for loan distribution.
• Digit InsuranceminorGTM or Marketing PartnerBusiness associate for digital sourcing of digital loans. Digit Insurance logo appears on the Capital India Finance website as a business associate for insurance-linked loan products.
• Homeplus FinanceminorChannel Partner/ Reseller/ DistributorCo-lending partner with grievance contact details listed on the Capital India Finance website. Located in Madurai, Tamil Nadu. Mr. Mani Rajaram is the grievance contact.
• Orange Retail FinanceminorChannel Partner/ Reseller/ DistributorCo-lending partner with grievance contact details listed on the Capital India Finance website. Located in Chennai. Shajan Raj is the grievance contact.
• Sahayya FinserveminorChannel Partner/ Reseller/ DistributorCo-lending partner with grievance contact details listed on the Capital India Finance website. Located in Hyderabad. Mr. Srivatsan Bhaskaran is the grievance contact.
• Origo FinanceminorChannel Partner/ Reseller/ DistributorCo-lending partner with grievance contact details listed on the Capital India Finance website. Venkatram Reddy Reddypally is the grievance contact.
• KFin Technologies LimitedminorOthersRegistrar & Share Transfer Agent for Capital India Finance. Located at Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032. Provides toll-free shareholder services at 1-800-309-4001.
• Catalyst Trusteeship LimitedminorOthersDebenture Trustee for Capital India Finance. Located at 901, 9th Floor, Tower B, Peninsula Business Park, Senapati Bapat Marg, Lower Parel (W), Mumbai – 400013. Provides debenture trustee services.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Bajaj Finance: India's largest non-bank lender offering SME, retail, mortgage, and consumer finance products with extensive digital and physical distribution. Most directly comparable diversified NBFC peer in India.
• Shriram Finance: Large Indian NBFC focused on commercial vehicle, SME, and retail lending. Comparable in its NBFC license-based business model and India-only footprint.
• Muthoot Finance: India's largest gold-loan NBFC with growing SME and retail finance businesses. Comparable NBFC structure, regulatory license stack, and India-only retail/distribution model.
• MAS Financial Services: Mid-sized Indian NBFC focused on MSME lending, two-wheeler financing, and housing finance. Closest direct comparable by scale, with a similar MSME-led product mix.
• Five-Star Business Finance: Mid-sized NBFC focused on secured business loans to small businesses across India. Closely comparable target customer (Indian small businesses) and secured-lending orientation.
• Cholamandalam Investment and Finance: Murugappa-group NBFC with a heavy SME and vehicle finance book plus retail lending products. Directly comparable on SME secured and vehicle/equipment finance exposure.
• Manappuram Finance: Diversified NBFC with gold loans, microfinance, and digital financial services (including the Asirvad subsidiary). Comparable in combining an NBFC core with a fintech/digital sub-brand, similar to Capital India + RapiPay.
• IIFL Finance: Diversified Indian NBFC with gold loans, home loans, SME finance, and a digital lending platform. Closely matches Capital India's diversified product and digital mix.

Emerging players

• Paytm: Indian fintech operating payments, merchant lending, and digital financial services at massive scale. Overlaps with RapiPay's payments + assisted financial services positioning rather than the core NBFC business.

Broad incumbents

• HDFC Bank: India's largest private-sector bank offering SME, home, and personal loans plus digital banking. Broad incumbent in the same customer segments as Capital India but as a full-service bank rather than NBFC.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CapitalIndiaFin
• Facebookfacebook.com/CapitalIndiaFinanceLimited
• LinkedInlinkedin.com/company/capital-india-finance

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital India Finance