Capital India Finance Limited has appointed Surender Rana as Executive Vice Chairman, for a three-year term, subject to shareholder approval.
Rana previously served as Deputy Managing Director – SME and Agri Business at the State Bank of India and brings over 34 years of experience across MSME and agricultural financing, credit and risk management, and policy development. His induction strengthens CIFL’s leadership bench as the company sharpens its focus on scalable, governance-driven growth.
Expressing confidence in the new appointment, Keshav Porwal, Managing Director at Capital India Finance Limited, said that Rana’s extensive banking expertise and strategic outlook would significantly support the company’s growth ambitions in its core lending business.
During the Board Meeting held on November 14, 2025, the company also announced its Q2 and H1 FY26 results. As of September 30, 2025, CIFL reported an Assets Under Management (AUM) of Rs 1,024 crore, marking an 11.43 per cent rise from the previous year. The company recorded a standalone Profit Before Tax (PBT) of Rs 44.19 crore and a standalone Profit After Tax (PAT) of Rs 37.81 crore for H1.
In terms of asset quality and capital strength, CIFL reported a Net NPA of 0.98 per cent and a Gross NPA of 1.70 per cent. The company continues to maintain a strong capital position with a Capital Adequacy Ratio of 51.24 per cent, a low debt-to-equity ratio of 1.03x, and a robust net worth of Rs 661.93 crore.
CIFL also highlighted the divestment of its housing finance subsidiary, Capital India Home Loans Limited, for Rs 266.53 crore, a move aimed at strengthening capital and sharpening focus on its core lending verticals.
Disbursements during Q2 FY26 stood at Rs 155.54 crore, reflecting an increase of 27 per cent quarter-on-quarter and 45 per cent year-on-year. Total disbursements for H1 FY26 reached Rs 277.77 crore, showing a 41 per cent year-on-year growth. On the funding front, the company added a new source of capital through non-convertible debentures (NCDs) worth Rs 50 crore during Q2 FY26 and raised Rs 193 crore in total during H1 FY26. CIFL’s outstanding debt stood at Rs 685 crore across a diversified pool of 23 lenders as of September 30, 2025.
Commenting on the company’s performance, Pinank Shah, CEO, Capital India Finance Limited, stated that CIFL’s results reflect disciplined growth, strong capitalisation, and increasing traction in MSME financing. He reiterated the company’s commitment to serving underserved segments with high-quality, responsible credit solutions.
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