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Capital First
BSE: 532938|NSE: CAPF|ISIN: INE688I01017|SECTOR: Finance - General
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Jul 25, 17:00
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VOLUME 95,676
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Jul 16, 16:05
235.15
11.95 (5.35%)
VOLUME 1,437,428
Company History - Capital First
Company History:
 
 2006
 
 -The Company receives certificate of registration from RBI as to
 function as an NBFC.
 
 -Conversion from a private limited Company to a public limited
 Company.
 
 2007	
 
 -Company becomes a systematically important NBFC
 
 2008	
 
 -Future Capital Holdings announces the fixing of the price band for
 its initial public offering between Rs. 700 to Rs. 765 per equity
 share. A total of 64.23 lakh equity shares of Rs. 10 each are on
 offer, which constitutes 10.16% of the post-issue paid-up capital of
 the company.
 
 -Company has changed its name from KB Infin Pvt.Ltd. to Future
 Capital Holdings Ltd.                                               
                                                         
 2010	
 
 -Mr. V. Vaidyanathan joins as Vice Chairman and Managing Director.
 
 -Company starts Mortgages business
 
 2011 	
 
 -Company launches Gold Loan business
 
 -FCH sells its 50% stake in FCH Centrum Direct Limited to Centrum
 Capital.
 
 -FCH acquires 50% stake in FCH Centrum Wealth Managers Limited
 (Future Capital Securities Ltd.) from Centrum Capital.
 
 -FCH announces launch of Financial Superstores in Future Group retail
 stores.
 
 -FCH launches wealth management business.
 
 -FCH launches property broking services.
 
 -Future Capital Financial Services, which is a 100% subsidiary NBFC
 merges with parent Future Capital Holdings.
 
 -FCH launches 100% automation of Consumer Durable Financing business
 at store with 3 minute approvals.
 		
 -FCH launches Wholesale Debt Syndication business.
 
 -Future Capital Commodities Limited commences commodity broking.
 
 -CARE rating agency upgrades FCH long term debt rating from A+ to
 AA-
 
 2012
 
 -FCH launches Two - wheeler Loans business.
 
 -Future Capital Securities Limited (FCSL) launches online broking
 platform.
 
 -Company raises Rs. 200 crores of subordinated debt.
 
 -Hon'ble High Court, Bombay approves merger of two 100% subsidiaries,
 FCH Securities & Advisors Limited (FSAL) and Future Capital Investment
 Advisors Limited (FCIAL) with Kshitij Investment Advisory Company
 Limited (KIACL), a 100% subsidiary of FCH.
 
 -Sale of Shareholding of Subsidiary Company - Myra Mall Management
 Company Limited.
 
 - Name of the Company has been changed from Future Capital Holdings
 Limited to Capital First Limited.
 
 Company Overview:
 
 Future Capital Holdings Limited (FCH) is a provider of financial
 services across retail businesses and wholesale credit business. The
 company is preferred partners in helping its clients succeed in their
 businesses by providing innovative product solutions, high level of
 convenience & service supported by robust technology.
 
 The company believes that MSMEs are largely underserved in India and
 hence this is a large business opportunity. Financing of MSMEs is the
 largest component of the businesses done by the company, which is over
 40% of the company's business. The company is also capitalising on the
 growing consumption in India through financing consumer durables and
 two wheelers. The company also provides Gold Loans, Vehicle loans,
 and Home Loans.
 
 Future Capital also provides debt finance and working capital finance
 to corporates against identified projects against security of
 receivables and inventories of the company. The cash flows from the
 projects are escrowed to Future Capital. The company also provides
 financing in the form of term loans to promoters of select corporates
 with proven track record against security of listed stock with
 adequate liquidity and value.
 
 The company further believes that retail business provides ample
 opportunities for growth, provides for ample diversification over a
 larger pool of customers, and finally gives us the opportunity to
 meet multiple needs of the customer across lending, investments,
 insurance and broking. Hence over the last 2 years, the company has
 significantly increased retail portfolio as a percentage of the total
 portfolio, from 18% of the loan portfolio to 45% as of now, and plans
 to grow this further.
   
 The company has a team of over 1000 employees, who are experienced in
 the financial industry. The company's senior management have excellent
 track records and each of them have between 15-20 years of experience
 in financial services. 
 
 FCH has invested in People, Processes and Technologies and has placed
 a strong Credit and Risk Management Team. The credit team is a
 separate vertical within the organisation, which undertakes detailed
 credit analysis, and processes files after checking credit
 performance with credit bureaus.
Source : Dion Global Solutions Limited
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