Capri Global Capital Limited Receives a Major Boost from Investor and Lending Community
The long-term banking facilities have also been raised from 19 Institutions consisting of Public Sector banks such as State Bank of India, Bank of Baroda, Union Bank, Indian Bank, Vijaya Bank and Private / Foreign Banks such as Yes Bank, ICICI Bank, Kotak Bank, HDFC Bank & Shinhan Bank. The Company has also raised funds in commercial papers and is gradually increasing its capital market exposure and diversifying its investor base.
Mr. Rajesh Sharma, Founder, Capri Global Capital Ltd., stated, “We’ve been working with a focused passion on providing financial assistance to the underserved and underbanked MSME business units. Through our tech-enabled processes and smart analytics, we offer the suitable products to this under-served segment. We aim at delivering credit to a wider spectrum of small and medium enterprises having limited credit history, with minimal documentation, simple eligibility criteria and flexible repayment model. Our aim is to serve client needs efficiently and help MSME businesses flourish progressively.
Based on our strong repayment track record, CGCLs wholly owned subsidiary Capri Global Housing Finance Company Limited (CGHFL) has also received support from 8 banks in less than 12 months.”
The lending AUM as on December 31, 2017, was over Rs. 2300 crores. With a strong Networth of over Rs. 1200 crores, the group is actively seeking establishing relationship with reputed lenders. The Profit after tax for the period ended December 31, 2017, of the Company has grown by 50% on YoY basis.
The Company has been assessed with the highest Short-Term Credit rating of A1+ and Long-Term Credit Rating of A+ by CARE Ratings Limited. With a strong focus on good governance, transparency and customer-centric solutions, CGCL’s philosophy is to thrust forward holistic inclusive growth beyond mere economic progress, thus empowering the low and middle-income individuals and enterprises that have limited access to formal channels of financing.
About Capri Global Capital Limited
Established in 1997, Capri Global Capital Limited (CGCL) is one of the most widely extended, RBI registered, Non-Deposit Taking Systemically Important Non-Banking Financial Company (NBFC-ND-SI) in the country. The equity shares of CGCL are listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Capri group has expanded its network to 65 branches with a strong presence across North & West India covering 8 states with a headcount of 1,200+ employees. CGCL is focussed to Bridge the current gap in the market with innovative and flexible credit products for SMEs, delivered in an efficient and customer-friendly manner. The underlying objective is to support promising entrepreneurs in getting quick funds and realise their new business ideas.