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	[[Category:IDFC First Bank]]		[[Category:IDFC First Bank]]
	[[Category:2008 establishments in Maharashtra]]		[[Category:2008 establishments in Maharashtra]]
			[[Category:Companies listed on the National Stock Exchange of India]]
			[[Category:Companies listed on the Bombay Stock Exchange]]

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{{short description|Indian financial institution}}
{{Advert|date=October 2020}}
{{Use dmy dates|date=July 2018}}
{{Use Indian English|date=July 2018}}
{{Infobox company
| name = Capital First Ltd.
| logo =
| logo_size =
| logo_alt =
| logo_caption =
| image =
| image_size =
| image_alt =
| image_caption =
| former_name = Future Capital Holdings
| type = [[Public company|Public]]
| traded_as = {{BSE|532938}} {{NSE|CAPF}}
| ISIN = INE688I01017
| industry = [[Non-bank financial institution]]
| fate = Merged with IDFC Bank to form [[IDFC Bank|IDFC First Bank]]<ref>{{cite web|url=https://www.thehindubusinessline.com/money-and-banking/idfc-bank-and-capital-first-announce-completion-of-merger/article25775612.ece|title=IDFC Bank and Capital First announce completion of merger|work=thehindubusinessline|date=2018-12-18|accessdate=2018-12-19}}</ref>
| successor = [[IDFC First Bank]]
| founded = {{Start date|2008}}
| founder =
| defunct = {{End date|df=yes|2018|12|18}}<ref>{{cite web |last1=Shah |first1=Saumil |title=Capital First & IDFC Bank: Made For Each Other |url=http://www.businessworld.in/article/Capital-First-IDFC-Bank-Made-For-Each-Other/15-02-2019-167236/ |website=BW Businessworld |accessdate=16 March 2019 |language=en}}</ref>
| hq_location = One Indiabulls Centre, Senapati Bapat Marg, [[Lower Parel]] (West)
| hq_location_city = [[Mumbai]], [[Maharashtra]]
| hq_location_country = India<ref>{{cite web |title=Corporate Office |url=https://www.capitalfirst.com/corporate-office |website=Capital First |accessdate=16 March 2019}}</ref>
| area_served = India
| key_people = {{ubl|[[V. Vaidyanathan]] (Chairman & MD)|Pankaj Sanklecha (CFO)}}
| services =
| revenue = {{increase}} {{INRConvert|3628.2517|c}}<ref name="Annual Report 2017-18"/>
| revenue_year = 2018
| operating_income = {{increase}} {{INRConvert|454.5678|c}}<ref name="Annual Report 2017-18"/>
| income_year = 2018
| net_income = {{increase}} {{INRConvert|327.0101|c}}<ref name="Annual Report 2017-18"/>
| net_income_year = 2018
| aum = {{increase}} {{INRConvert|26997|c}} (2018)
| assets = {{increase}} {{INRConvert|23981.620|c}}<ref name="Annual Report 2017-18"/>
| assets_year = 2018
| equity = {{increase}} {{INRConvert|2549.9674|c}}<ref name="Annual Report 2017-18"/>
| equity_year = 2018
| owners = Cloverdell Investment Ltd (34.29%) [[Government of Singapore]] (9.0%)<ref name="Annual Report 2017-18"/>
| num_employees =
| num_employees_year = 
| parent =
| divisions =
| subsid = {{ubl|Capital First Home Finance Limited|Capital First Securities Limited|Capital First Commodities Limited<ref name="Annual Report 2017-18"/>}}
| module = 
| rating = AAA<ref name="Annual Report 2017-18">{{cite web |title=Annual Report 2017-18 |url=https://www.capitalfirst.com/pdfs/Capital-First-AR-2017-18.pdf |website=Capital First |accessdate=16 March 2019}}</ref>
| website = {{URL|https://www.capitalfirst.com/}}
| footnotes =
}}
'''Capital First Ltd.''' was an Indian [[non-bank financial institution]] providing debt financing to small entrepreneurs, MSMEs (Micro, Small and Medium Enterprises) and Indian consumers. Capital First was founded in 2012 by [[V. Vaidyanathan]].

The company was listed on [[National Stock Exchange of India|NSE]] and [[Bombay Stock Exchange|BSE]]. The market cap of the company grew from ₹ 7.81 billion (31 March 2012) to ₹60.96 billion (31 March 2018)<ref>{{Cite web|url=https://www.capitalfirst.com/pdfs/Capital_First_AR_2017-18_with_notice.pdf|title=Capital First Ltd. Annual Report 2018}}</ref><ref>{{Cite web |url=http://www.dnb.co.in/Publications/IndiaTop500Companies2016/Profile/Profiles/Capital%20First%20Limited.pdf |title=Dun & Bradstreet – Company Profile|website=www.dnb.co.in |url-status=live |accessdate=2017-07-11}}</ref><ref>{{Cite news|url=https://enterpriseasia.org/apea/india/awards/in-2016/vaidyanathan-vembu/|title=Vaidyanathan Vembu — Enterprise Asia|last=nazerry|work=Enterprise Asia|accessdate=2017-07-09|language=en-US}}</ref>

In December 2018 NBFC Capital First and private sector lender IDFC Bank has announced the completion of their merger, creating a combined loan asset book of {{INR}}1.03 lakh crore for the merged entity. The merged entity to be called [[IDFC Bank|IDFC First Bank]], subject to shareholders’ approval.<ref>{{cite web|url=https://www.moneycontrol.com/news/business/capital-first-merges-with-idfc-bank-to-create-idfc-first-bank-3305581.html|title=Capital First merges with IDFC Bank to create IDFC First Bank|work=moneycontrol|accessdate=2018-12-20}}</ref>

== Company history ==
The company was initially listed on the Indian Stock exchanges in January 2008 as Future Capital Holdings. Between 2008 and 2010, the company launched a number of diverse businesses including financing real estate developers, corporate credit, private equity, [[asset management]], foreign exchange business (through joint venture arrangement), retail broking business (through joint venture arrangement), mall management, wealth management and property services.<ref>{{Cite web|url=http://www.chittorgarh.com/ipo/future_capital_ipo/151/|title=Future Capital IPO Details – Date, Prospectus, Allotment, Listing, Reviews & Status|website=Chittorgarh|accessdate=2017-07-09}}</ref>

In 2010, V Vaidyanathan, then MD and CEO of [[ICICI Prudential Life Insurance|ICICI Prudential Life]], concluded an agreement to acquire 10% of the equity of the company. Financing India's 50 million MSMEs and India’s emerging middle class, with a differentiated model, based on new technologies, became the new founding theme of the company. In line with this theme, the company exited legacy businesses of Forex, wealth, and broking, and reduced wholesale lending sharply.<ref>{{Cite news|url=https://www.outlookbusiness.com/specials/secret-diary-of-an-entrepreneur/in-for-a-rough-ride-3054|title="If I can see it, then I can do it. If I just believe it, there’s nothing to it" {{!}} Outlook Business|last=Business|first=Outlook|work=www.outlookbusiness.com |accessdate=2017-07-09}}</ref> Based on the above, he succeeded in securing equity backing of ₹8.10 billion from [[Warburg Pincus]] to buy out the other shareholders, including ₹ 1.00 billion by way of preferential allotment. An open offer was made to the public in line with [[SEBI]] guidelines. The board was reconstituted. A new brand, Capital First, was created.<ref>{{Cite news|url=http://www.warburgpincus.com/investments/capital-first-limited/|title=Capital First Limited {{!}} Warburg Pincus|work=Warburg Pincus|access-date=2017-07-09|language=en-US|archive-url=https://web.archive.org/web/20160505222004/http://www.warburgpincus.com/investments/capital-first-limited/|archive-date=5 May 2016|url-status=dead}}</ref><ref>{{Cite web|url=http://www.businesstoday.in/magazine/features/v.-vaidyanathan-behind-future-capital-deal/story/185538.html|title=V. Vaidyanathan takes wing with a $17 million stake in a star NBFC|website=www.businesstoday.in|accessdate=2017-07-09}}</ref>

In 2013–14, the company received the Housing Finance Company (HFC) License from [[National Housing Bank]] (NHB) for its wholly owned subsidiary Capital First Home Finance Limited. Capital First also launched new products like SME business loans, personal loans, and affordable housing, and scaled up the existing businesses.

Between 2014 and 2017, Capital First raised significant{{Clarify|reason=vague|date=July 2019}} funding through investments from PE players and [[Qualified institutional placement|Qualified Institutional Placements]] (QIP).<ref>{{Cite news|url=http://www.thehindubusinessline.com/markets/stock-markets/warburg-pincus-capital-first-raises-340-cr-from-gic-affiliate/article9335020.ece|title=Warburg Pincus’ Capital First raises ₹ 340 cr from GIC affiliate|last=Bureau|first=Our|date=2016-11-11|work=The Hindu Business Line|access-date=2017-07-09|language=en}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/capital-first-raises-rs-178-crore-via-preferential-issue/articleshow/31437114.cms|title=Capital First raises ₹ 178 cr via preferential issue|last=Bureau|first=ET|date=2014-03-05|work=The Economic Times|access-date=2017-07-09|language=en}}</ref> Reputed financial institutions across the world like Government Pension Fund Global (Norway), [[Jupiter Asset Management]], Ashburton Limited, DNB Asset management (Norway), Nomura Asset Management, BNP Paribas Asset Management have invested in Capital First during this phase through secondary market and became shareholders of the company.<ref>{{Cite news|url=http://economictimes.indiatimes.com/industry/banking/finance/capital-first-raises-rs-300-crore-through-qualified-institutional-placement-route/articleshow/46680733.cms?intenttarget=no|title=Capital First raises Rs 300 crore through qualified institutional placement route|last=PTI|date=2015-03-24|work=The Economic Times|accessdate=2017-07-09}}</ref><ref>{{Cite news|url=http://www.livemint.com/Industry/aneJidoey4WLLJc8480ozH/Capital-First-to-raise-Rs340-crore-from-Singapore-sovereign.html|title=Capital First to raise Rs340 crore from Singapore sovereign wealth fund GIC|last=Dhanjal|first=Swaraj Singh|date=2016-11-11|work=www.livemint.com/|accessdate=2017-07-09}}</ref>

In line with V. Vaidyanathan's objective and long-term plan of getting a banking license, on January 13, 2018, in a joint press release issued by IDFC Bank and Capital First, they announced a merger. IDFC Bank is to issue 139 shares for every 10 shares of Capital First and Mr. Vaidyanathan will take over as the MD and CEO of the combined bank.<ref>{{Cite web|url=http://www.moneylife.in/article/capital-first-yearly-profit-after-tax-up-44-percentage/50489.html|title=Capital First yearly profit after tax up 44%|website=www.moneylife.in|access-date=2017-07-09}}</ref><ref>{{Cite web|url=http://economictimes.indiatimes.com/capital-first-ltd/infocompanyhistory/companyid-19384.cms|title=Capital First Ltd. Profile – The Economic Times|website=economictimes.indiatimes.com|access-date=2017-07-09}}</ref>

== Corporate Social Responsibility ==
Capital First Ltd. has been actively contributing to the society in the form of its CSR activities. The company’s flagship CSR program and involves providing financial assistance to students who on their own merits, have been able to secure admission to selected management programs, but happen to belong to economically weaker section of the society and are therefore, unable to afford the expenses for the programs. Such students are awarded scholarship under the Capital First Scholarship Program.<ref>{{Cite news |url= https://capitalfirst.com/csr-activities |title=Capital First {{!}} CSR Activities. |website= capitalfirst.com |access-date= 2017-07-09 |language=en}}</ref>

== References ==
{{Reflist|2}}

[[Category:Indian companies established in 2008]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Indian companies disestablished in 2019]]
[[Category:IDFC First Bank]]
[[Category:2008 establishments in Maharashtra]]

Capital First Ltd. - Revision history

Saurabh: expanded layout and corrected details

imported>DaxServer: Add back cat per discussion WP:TCAT using Pywikibot category add

>BrownHairedGirl: +Category:2008 establishments in Maharashtra; ±Category:Companies based in Mumbai→Category:Financial services companies based in Mumbai using HotCat | dashes, →, fixed using a script

>BrownHairedGirl: +Category:2008 establishments in Maharashtra; ±Category:Companies based in Mumbai→Category:Financial services companies based in Mumbai using HotCat | dashes,
→
, fixed using a script