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Capri Global Capital Limited
Capri Global is an Indian non-bank lender that gives loans to small businesses, gold-loan customers, and homebuyers.
Capri Global is a non-bank finance company in India — a lender that borrows money and hands it out as loans, without being a full-service bank. Its main job is to serve people and small firms that regular banks often overlook: shopkeepers and small business owners who need working capital, families taking a loan against their gold jewellery, and homebuyers in smaller towns. It also runs a growing affordable-housing finance arm.
The business earns money on the gap between what it pays to borrow and what it charges borrowers. Most of its book is secured, meaning the loan is backed by something the lender can seize if the customer stops paying — gold, a house, or business assets — which helps keep losses in check. For gold loans, the customer pledges jewellery and gets quick cash; if they don't repay, the lender sells the gold. That makes it a fairly safe, fast-moving product, and gold lending has become one of Capri's fastest-growing areas. The company lends across hundreds of branches, mostly in smaller cities and towns where competition from big banks is thinner. There's a second, quieter side to Capri: it runs a construction-finance and infrastructure-lending arm that funds real-estate developers and projects, which is a lumpier, riskier business than the retail lending. On the retail side, the competitive field is crowded — rivals include other non-bank lenders and shadow banks such as Bajaj Finance and Cholamandalam Investment and Finance, plus housing-finance specialists. Capri's edge is reach into underserved markets and a focus on secured lending, but it pays for that with a higher cost of funds than a big bank enjoys, since it must borrow in the market rather than collect cheap deposits.
The company has been growing its loan book quickly and has leaned on raising capital — including equity — to fund that growth, which is typical for a lender expanding fast. The main risks are straightforward: if borrowers struggle to repay during an economic slowdown, bad loans rise; if funding gets expensive, margins get squeezed. Gold prices matter too, since falling gold prices reduce the safety cushion on gold loans. For a lender like this, the whole game is keeping credit losses low while growing the book, and watching that the money it borrows stays cheaper than the money it earns.
Saved answer · last researched 9 Nov 2026
BIG PICTURE
Foreign investors now own 13% of Capri Global, up from under 5% a year ago
- 13% Foreign institutional investors
- 87% Indian promoters, domestic institutions and retail holders
Foreign institutional investors held 13.00% of Capri Global in September 2026, up from 4.83% a year earlier. That jump means overseas funds are now a bigger owner than the company's own retail shareholders, who hold 10.03%. For a lender whose business is writing small business, gold and home loans across India, that shift in who owns the shares signals growing outside interest in its lending story. Source: ET Money, data from 2026
Timeline
A Securities Firm in West Bengal
In late 1994, a company was set up in West Bengal under the name Daiwa Securities Limited. At that point it was a securities business, not a lender. It got its formal permission to start doing business just a couple of weeks later.
New Owners Take Control
For years the company sat on the sidelines of the lending world. Then in April 2007, Rajesh Sharma and a firm called Money Matters bought a majority stake. That handover of control was the moment the company turned toward becoming a lender.
From Dover to Money Matters
The company had already been renamed Dover Securities back in 1999. In September 2008 it took the Money Matters name, matching the new owners who now controlled it.
Becoming a Diversified Lender
By 2011 the company was running as a diversified non-bank lender and playing a part in bringing financial services to people outside the mainstream banking system. It had raised a large sum from institutional investors the year before, and in that year it raised more equity and kicked off a business lending to construction projects. The pieces of a real lending operation were coming together.
The Capri Global Name Arrives
In August 2013 the company changed its name one more time, to Capri Global Capital Limited. The rebrand gave it the identity it still carries.
A Door Opens for Home Loans
A subsidiary got the housing finance regulator's approval in 2015 to launch a housing finance business. That added home loans as a fresh lending line alongside what the company already did.
Cars, Co-Lending and Affordable Homes
In early 2021 the company began distributing new car loans for other lenders, a way to earn fees without taking on the loan risk itself. Around the same period it struck co-lending deals with big state banks to fund small businesses, sharing the risk. It also launched affordable housing loans under the PRIME brand.
Gold Loans and a Big Equity Raise
In August 2022 the company added gold loans, a high-yield retail product where borrowers pledge jewellery as security. A few months later, in March 2023, it raised a large amount of fresh equity through a rights issue, giving it fuel to grow.
The Payoff: Fast Growth and Clean Books
The pieces paid off in a big way. By March 2026, the loan book had grown 60 percent in a year to about 36,600 crore rupees, and profit after tax had nearly doubled. Bad loans had shrunk to just half a percent of the book. Gold loans had more than doubled and now made up almost half the portfolio, while the branch network had swelled to over 1,400 branches. What began as a small securities firm had become a large, fast-growing retail lender.