Capital First

Aadhaar a big boost for financial services firms: Capital First

The Narendra Modi-led government is having substantial impact on startups, particularly with Aadhaar boosting growth for financial services companies, Capital First chairman V Vaidyanathan said in closing remarks at The Economic Times Startup Awards on Friday.  The penetration of Aadhaar among the country's population coupled with the use of artificial intelligence has created a system where it is now possible […]

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Capital First Net Jumps 49 pc

May 10 Small-sized non-banking finance company Capital First today reported a 49 per cent rise in net profit at Rs 70.8 crore in March quarter, helped by a healthy growth in net interest income. Our retail loan book is driving net interest income, which has grown 56 per cent in the fourth quarter," its founder and chairman V Vaidyanathan said. […]

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Our loan book has gotten quite diversified: V Vaidyanathan, Founder & Chairman, Capital First

Vaidyanathan, Founder & Chairman, Capital First speaks to ET Now on the kind of revenue they earned, and their outlook on various portfolios they manage under the aegis of their company. Edited excerpts  ET Now: What has been your experience in what is arguably the most questionable quarter for almost all the companies in your space at least to people’s […]

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Capital First gets board’s approval to raise Rs 340 crore

Non-banking financial company Capital First today said its Board has approved plan to raise Rs 340 crore through preferential issue.  The special resolution for raising Rs 340 crore on a preferential basis by allotting 47.8 lakh shares to Caladium Investment was passed with majority at the board in its extra ordinary general meeting (EGM), the company said in a BSE filing.  The firm had proposed to […]

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