Capital India Finance Limited (CIFL), a listed non-deposit taking Middle Layer NBFC, has announced significant developments in its leadership and financial performance for the second quarter of FY2025-26. The company has appointed a new Executive Vice Chairman and reported robust growth in key financial metrics.

Leadership Appointment

CIFL has appointed Mr. Surender Rana as its Executive Vice Chairman for a three-year term, effective November 18, 2025, subject to shareholder approval. Mr. Rana, formerly the Deputy Managing Director for SME and Agri Business at State Bank of India, brings over 34 years of leadership experience to CIFL. His expertise in MSME and Agri financing, credit and risk management, and policy development is expected to strengthen CIFL's strategic growth initiatives.

Mr. Keshav Porwal, MD of Capital India Finance Limited, expressed enthusiasm about the appointment, stating, "We are very excited to have Mr. Surender Rana join our board. His extensive industry experience and strong strategic orientation will be invaluable as we accelerate growth in our core lending business."

Q2 FY2025-26 Financial Highlights

CIFL has reported strong financial performance for Q2 FY2025-26. Here are the key highlights:

Asset Quality and Capital Position

As of September 30, 2025, CIFL maintains a strong financial position:

Strategic Divestment

In a significant move to focus on its core lending business, CIFL has divested its housing finance subsidiary, Capital India Home Loans Limited, for ₹266.53 crore. This strategic decision is expected to enhance the company's capital strength and sharpen its focus on its primary business areas.

Funding and Debt

CIFL has diversified its funding sources and strengthened its financial position:

• Added ₹50.00 crore in Non-Convertible Debentures (NCDs) during Q2 FY26
• Raised ₹193.00 crore in funds during H1 FY26
• Outstanding debt of ₹685.00 crore from 23 lenders as of September 30, 2025

Mr. Pinank Shah, CEO of Capital India Finance Limited, commented on the company's performance, saying, "Our performance reflects a disciplined growth, strong capitalisation and an expanding traction in MSME financing. We will remain focused on serving the underserved segments with high quality credit solutions."

Capital India Finance Limited continues to demonstrate its commitment to providing customized credit solutions to micro, small, and medium enterprises, professionals, and retail customers. With its strengthened leadership and robust financial performance, CIFL is well-positioned for continued growth in the coming quarters.

Capital India Finance Limited (CIFL) has announced the appointment of Mr. Surender Rana as its new Executive Vice Chairman, effective November 18, 2025. The appointment comes after receiving approval from the Reserve Bank of India (RBI) and subsequent board approval on November 14, 2025.

Appointment Details

Mr. Rana joins CIFL as an Additional Director in the category of Whole-time Director. His appointment is subject to shareholder approval and is for an initial term of three years. He will be liable to retire by rotation.

Extensive Banking Experience

Mr. Rana brings over 34 years of distinguished service at the State Bank of India (SBI), India's largest commercial bank. His most recent role at SBI was as Deputy Managing Director – SME & Agri Business. Throughout his career, he has successfully led diverse functional areas, driving strategic initiatives and organizational transformation.

Expertise and Leadership

Key areas of Mr. Rana's expertise include:

• MSME and Agri financing
• Credit and risk management
• Policy formulation
• Regulatory engagement
• Governance
• Cross-functional leadership across geographies

His contributions have significantly shaped business growth and strengthened institutional frameworks in the banking sector.

Regulatory Compliance

The appointment adheres to regulatory requirements, with CIFL confirming that Mr. Rana is not debarred from holding the office of Director by any SEBI order or other authority. The company has made the necessary disclosures in compliance with SEBI regulations.

Capital India Finance Limited's decision to bring Mr. Rana on board signals the company's intent to leverage his extensive experience in the banking and financial services sector as it aims to strengthen its position in the market.