Capital First
VC Fund
Mumbai, India
Capital First is a Financial Institution in India focused on providing debt financing to MSMEs and Indian consumers.Between 2008 to 2010, the Company was largely in the business of wholesale Financing, asset management, and had JVs in Foreign Exchange and retail equity Broking. Between 2010 to 2012, Mr. Vaidyanathan acquired a stake in thecompany, changed the business model to retail, and executed a Management Buyout of the company by securing equity backing from Warburg Pincus for Rs. 810 Crores and changed the name of the company to Capital First. In the process the company got new shareholders, reconstituted a new board and started new retail business lines.The Market Cap of Capital First has increased from Rs. 7.90 billion ($121 mn) on June 30 2012 (FY ending prior to the buyout) to Rs. 60.96 bn on June 30, 2018. ($0.94 bn).The founding theme of Capital First is that financing India's 50 million MSMEs and its emerging middle class, with a differentiated model, based on new technologies provides a large and unique opportunity.Unlike traditional models of financing, Capital First has successfully created new models to finance MSMEs and Indian consumers, in the hitherto unbanked and under-penetrated segments. The Company uses a differentiated model, based on new technologies and deep analytics. With this differentiated approach, Capital First has financed over 7.0 million customers in more than 225 locations across India and built loan assets of Rs 326.22 Bn (USD 4.47 bn) as on 30 September, 2018, with 91% of its loan assets in the Consumer & MSME financing space. Capital First has maintained high asset quality over the years. The Gross and Net NPA of the Company is 1.62% and 1.00% respectively as of 30th June 2018 on 90 dpd NPA recognition basis.The company enjoys the highest long term credit rating of AAA. Capital First is focused on building an institution on strong pillars of ethics, values and high corporate governance.
- Total investments:
- 1
- Last investment:
- Lead investor:
- 100%
Last updated:
For AI agents: llms.txt
Industries Capital First invests in
Stages Capital First invests in
Countries Capital First invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
|
Mitesh Shah
|
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V. Vaidyanathan
|
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Investment Focus
Industry
- Banking 1 (100%)
- FinTech 1 (100%)
- Finance 1 (100%)
- Machine Learning 1 (100%)
- Financial Services 1 (100%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Mitesh Shah
Vice President
|
Vice President | Total investments: 1 | Find email | |
|
V. Vaidyanathan
CEO, Founder & Chairman
|
CEO, Founder & Chairman | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
SMECorner
|
SMEcorner is a financial lending firm that focuses on providing quick access to business loans to micro, small, and medium enterprises. The companys mission is to fill India's SME lending gap with the use of an online platform that combines machine learning, data science, and artificial intelligence. SME owners can fund their business throughtheir 2 different products which are the unsecured business loans and loan against property. SMEcorner's lending process is based on a combination of traditional and new alternate data, with strong use of decision science.SMEcorner was founded in 2014 and is headquartered in Mumbai, Maharashtra, India. | $2.7M / Seed / Jun 20, 2018 |
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FAQ
What does Capital First invest in?
Capital First invests primarily in Banking, FinTech and Finance startups, most often at Seed stage. Most of the 1 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Capital First?
Public channels for Capital First include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Capital First?
The team at Capital First includes Mitesh Shah (Vice President) and V. Vaidyanathan (CEO, Founder & Chairman). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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