Capri Global Expands Its Reach: Two New Subsidiaries to Power Next-Gen Lending

Capri Global Capital Ltd (CGCL), a leading NBFC, is set to deepen its footprint in India’s financial services landscape with the incorporation of two new wholly owned subsidiaries. The move is part of CGCL’s broader strategy to diversify its offerings and tap into high-growth verticals through specialized entities.

 

While the company has not yet disclosed the names or operational focus of the new subsidiaries, sources indicate they will likely support CGCL’s fast-growing verticals such as gold loans, car loan distribution, and co-lending platforms. This follows the successful launch of Capri Loans Car Platform Pvt Ltd in October 2023, which marked CGCL’s entry into the digital auto loan distribution space.

 

The new subsidiaries are expected to enhance operational agility, regulatory compliance, and customer segmentation—allowing CGCL to tailor products more effectively across urban and semi-urban markets. The company currently operates over 935 branches across 11 states, with a consolidated AUM of ₹15,653 crore as of March 2024.

 

This expansion comes on the heels of CGCL’s recent ₹1,000 crore NCD approval and a robust FY24 performance, which saw a 58% jump in consolidated revenue and a 36% rise in net profit. The company’s focus on granular retail lending, including MSME, housing, and gold loans, has positioned it as a key player in India’s financial inclusion drive.

 

With these new subsidiaries, CGCL is not just scaling—it’s segmenting smartly for the next phase of growth.

 

Sources: MoneyWorks4Me, India Infoline, Capital Market