Capital India Finance Raises ₹100 Crore via Secured NCDs for Growth
Capital India Finance Limited raised ₹100 crore through the private placement of secured NCDs. The NCDs have a 27-month tenure and a 10% annual coupon. This fundraise supports the company's growth in MSME and retail lending. CIFL reported assets under management of ₹1,227.37 crore and total income of ₹229.67 crore in FY26.
The fundraise of ₹100 crore will support the expansion of CIFL's lending business, particularly in the MSME and retail sectors, which is a significant development for the company's strategic growth.
The announcement details a successful fundraise of ₹100 crore through NCD issuance, which is positive for the company's growth prospects and strengthens its financial position.
Capital India Finance Limited (CIFL), a non-deposit-taking NBFC, has successfully raised ₹100 crore through the private placement of listed, rated, senior, secured, transferable, and redeemable Non-Convertible Debentures (NCDs).
The issuance included a base issue of ₹50 crore and a green shoe option of ₹50 crore. The NCDs have a tenure of 27 months and offer a fixed coupon of 10% per annum, payable quarterly. These NCDs are set to be listed on BSE Limited.
This fundraise is intended to strengthen CIFL's funding base and provide additional resources to support the planned growth of its lending business, particularly its secured MSME and retail lending franchise. The company aims to diversify its borrowing sources as it scales its operations.
Pinank Shah, CEO of Capital India Finance Limited, stated that this NCD issuance is a significant step in diversifying their funding and building capacity for future growth. He highlighted the company's expanding distribution network, disciplined underwriting, and strong capital adequacy as key strengths for deepening their presence in underserved MSME markets.
CIFL has expanded its distribution network to 46 branches across nine states. In FY 2026, the company's assets under management grew by 22% year-on-year to ₹1,227.37 crore, with disbursements rising by 62% to ₹753.54 crore. Total income for FY26 was ₹229.67 crore.
The growth momentum continued into Q1 FY 2027, with standalone total income increasing by 32% year-on-year to ₹69.53 crore. Disbursements grew by 36%, and assets under management increased by 20% year-on-year. As of June 30, 2026, CIFL's capital adequacy ratio stood at 43.58%.
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Capital India Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Capital India Finance Limited. Read the original for the full detail.