About Capital First Limited
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Capital First Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 18 October 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L29120MH2005PLC156795. The company has 10 GST registrations on record, none of which is active. It is a listed company.
The company had an authorised share capital of ₹113 Cr and a paid-up capital of ₹99.07 Cr. It was formerly known as Future Capital Holdings Limited and Kb Infin Private Limited. It was led by directors including Vaidyanathan Vembu (Managing Director) and Apul Nayyar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 July 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at One Indiabulls Centre Tower 2A & 2B 10th Floor Senapati Bapat Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2018, the company reported a revenue of ₹3,628.25 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹327.44 Cr (net margin 9%) and EBITDA of ₹1,904.3 Cr (EBITDA margin 52.5%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years.
Its group structure included 3 subsidiaries.
The company was associated with 1 brand: Capital First. As per MCA filings, the company had satisfied charges of ₹16,839 Cr on record. Court records list 1,10,949 cases involving the company, including 1,10,204 filed by the company and 757 filed against it; 14,950 cases are pending. The company has 25 deals on record (15 market trades, 8 funding rounds, 1 ipo), with disclosed funding of ₹820.56 Cr; the latest was in May 2017. Its 6 peer companies in the BFSI industry (NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 3 smaller; the largest is Piramal Capital & Housing Finance Limited with revenue of ₹6,712.4 Cr.
The last known website on record is capitalfirst.com.
Company details
Name history
Capital First has undergone 4 name changes throughout its history. The current legal name is Capital First Limited.
| Company Name | Status |
|---|---|
| Capital First Limited | Current |
| Future Capital Holdings Limited | Previous |
| Kb Infin Private Limited | Previous |
| Kb Infin Limited | Previous |
| Kb Infin Limited | Previous |
CIN history
Capital First has one previous CIN (Corporate Identification Number): U29120MH2005PLC156795. The current CIN is L29120MH2005PLC156795, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29120MH2005PLC156795 | Current |
| U29120MH2005PLC156795 | Previous |
Contact details
Capital First Limited's registered office is in Mumbai, Maharashtra. Its website is capitalfirst.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOne Indiabulls Centre Tower 2A & 2B 10th Floor Senapati Bapat Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, NBFC
To see the full contact details of Capital First Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Capital First operates one associated brand: Capital First. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specialized financing for real estate infrastructure is provided in India. | capitalfirst.com |
Business activity
The main business activity of Capital First is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Capital First Limited, buy the company report.
Financials of Capital First Limited
FY 2018 filings availableCapital First Limited reported revenue of ₹3,628.25 Cr (up 36% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 38% over three years, including 36% growth in the latest year. EBITDA rose 24% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹3,628.25 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1,904.3 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹327.44 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 52.5% | |||
| Net Profit Margin | 9% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Capital First Limited, buy the company report.
Board of directors and KMP of Capital First Limited
Capital First Limited currently reports 10 directors and 2 key managerial personnel. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apul Nayyar Also directs: Hero Housing Finance Limited | Whole-Time Director | 04 Apr 2016 | 10 Years 6 Months | As last reported |
| Nihal Mahendra Desai | Whole-Time Director | 04 Apr 2016 | 10 Years 6 Months | As last reported |
| Sundara Rajan Swaminathan Mittur | Director | 06 Feb 2013 | 13 Years 8 Months | As last reported |
| Pankaj Sumermal Sanklecha | Cfo | 08 May 2014 | 12 Years 5 Months | As last reported |
| Naresh Chand Singhal | Director | 23 Sep 2010 | 16 Years 0 Months | As last reported |
| Vaidyanathan Vembu Also directs: Idfc First Bank Limited | Managing Director | 10 Aug 2015 | 11 Years 2 Months | As last reported |
Peer comparison
Capital First Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Piramal Capital & Housing Finance Limited | ₹6,712.4 Cr (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Piramal Finance Limited | ₹6,712.4 Cr (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Nirayu Private Limited | ₹5,722.13 Cr (FY 2022) | -2.0% | Vadodara, Gujarat, India | |||
| Capital First Limited this company | ₹3,628.25 Cr (FY 2018) | ₹327.44 Cr | 9% | 36.0% | Mumbai, Maharashtra, India | |
| Jaya Hind Investments Private Limited | ₹3,263.1 Cr (FY 2017) | -1.0% | Pune, Maharashtra, India | |||
| L & T Finance Limited | ₹2,351.99 Cr (FY 2016) | -2.0% | Mumbai, Maharashtra, India | |||
| Five-Star Business Finance Limited | ₹2,195.1 Cr (FY 2024) | 44.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Capital First Limited, buy the company report.
Auditor
Capital First Limited is audited by B S R & Co. LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2018 | 101248W/W100022 |
Shareholding
The shareholding of Capital First Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Capital First Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 May 2017 | 100100569 | Canara Bank | ₹300 Cr | Satisfied | |
| 27 Mar 2017 | 100092318 | Indian Bank | ₹200 Cr | Satisfied | |
| 27 Mar 2017 | 100092150 | Others | ₹100 Cr | Satisfied | |
| 24 Mar 2017 | 100091658 | Bank of India | ₹500 Cr | Satisfied | |
| 18 Nov 2016 | 100075122 | Citi Bank N.A. | ₹110 Cr | Satisfied |
To see the full charge records of Capital First Limited, buy the company report.
Total charge records: 73 View all charges
Deals & funding
Capital First Limited has 25 deals on record (15 market trades, 8 funding rounds, 1 ipo), with disclosed funding of ₹820.56 Cr; the latest was in May 2017.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Market trade | ₹1,895.42 Cr | Buyer: Government Of Singapore Invt Corpn Pte Ltd A/C C Account, Hdfc Mutual Fund Mid - Cap Opportunities Fund, Morgan Stanley Investment Management, an individual Seller: Warburg Pincus, Setu Securities Private Limited , 2 individuals |
| Mar 2017 | Market trade | ₹224.25 Cr | Buyer: an individual Seller: JV and Associates LLP |
| Mar 2017 | Market trade | ₹107.81 Cr | Buyer: Norges Bank On Account Of The Government Pension Fund Global Seller: JV and Associates LLP |
| Mar 2017 | Market trade | ₹107.81 Cr | Buyer: Norges Bank On Account Of The Government Pension Fund Global, HDFC Life Insurance Company Limited , Goldman Sachs Public Market Fund Seller: JV and Associates LLP |
| Mar 2015 | QIP | ₹300 Cr | Investors: Others-QIP Shareholders, Goldman Sachs Public Market Fund, HDFC Life Insurance Company Limited |
To see the full deal history of Capital First Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Capital First Limited has 1,10,949 court cases on record: 1,10,204 filed by Capital First, 757 filed against it. 14,950 cases are pending and 95,999 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,10,411 | 523 | 14,903 |
| High courts | 517 | 214 | 43 |
| Supreme Court | 13 | 13 | 4 |
| NCLT | 5 | 4 | 0 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 1,10,949)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed by the company against Arht Global Hair Services Pvt Ltd | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed by the company against M/S Railtech Consultants Pvt Ltd | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed by the company against DRL Enterprises | Pending |
| District court, Central, Delhi | Court case (T.P. CRL) | Filed against the company by Boom Buying Pvt Ltd and Anr | Disposed |
| District court, Central, Delhi | Revision petition | Filed against the company by Boom Buying Pvt Ltd | Disposed |
To see the full case history of Capital First Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Capital First Limited was last rated by Icra on 09 Jan 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 09 Jan 2019 |
To see the full credit ratings and regulatory alerts of Capital First Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Capital First Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Capital First has 3 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Capital First Home Finance Limited | U65192MH2010PLC211307 | |
| Capital First Commodities Limited | U65990MH2008PLC181572 | |
| Capital First Securities Limited | U66010MH2007PLC169687 |
To see the full group structure of Capital First Limited, buy the company report.
GST
Capital First has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Capital First Limited, buy the company report.
Recent activity
Capital First Limited has 34 board changes on record since 2006: 23 appointments and 11 cessations. The latest: Apul Nayyar was appointed as Whole-Time Director on 04 Apr 2016.
183 earlier events are in the company report.
News
Frequently asked questions
Capital First has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Capital First was a public limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 18 October 2005 and is registered under CIN L29120MH2005PLC156795. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Capital First was incorporated on 18 October 2005. It is registered with the Registrar of Companies, Mumbai.
Capital First had 12 directors and KMP:
- Vaidyanathan Vembu - Managing Director
- Apul Nayyar - Whole-Time Director
- Nihal Mahendra Desai - Whole-Time Director
- Sundara Rajan Swaminathan Mittur - Director
- Naresh Chand Singhal - Director
- Dinesh Hasmukhrai Kanabar - Director
- Hemang Harish Raja - Director
- Vishal Kashyap Mahadevia - Director
- Narendra Ostawal - Director
- Brinda Jagirdar - Director
- Pankaj Sumermal Sanklecha - Cfo
- Satish Ashok Gaikwad - Company Secretary
The CIN (Corporate Identification Number) of Capital First is L29120MH2005PLC156795. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Capital First is a listed company.
The registered office of Capital First is at One Indiabulls Centre Tower 2A & 2B 10th Floor Senapati Bapat Marg Lower Parel West, Mumbai, Maharashtra, India – 400013.
Capital First can be reached through the website capitalfirst.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Capital First on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 04 July 2018. Year-wise statements from 2015 are in the company report.
No. Capital First has 10 GST registrations on record and all of them are cancelled or inactive.
Capital First operated in the financial services industry, in the nbfc segment.