Capital India Finance Sells Forex Assets to Niyo
Capital India Finance Limited (CIFL) announced its Board has approved the transfer of certain assets of its Forex division, operating under the RemitX brand, to Kanji Forex Private Limited, part of Niyo. This strategic move aligns with CIFL's focus on its core MSME lending business. The transaction follows the divestment of Capital India Home Loans Limited and aims to simplify CIFL's portfolio. CIFL reported a 32% YoY increase in total income and 36% YoY growth in disbursements in Q1 FY27, with AUM expanding approximately 20% YoY. The company maintains a strong capital position with a CAR of 43.58% as of June 30, 2026. RemitX brings a branch network and established relationships to Niyo's cross-border business.
Key Highlights
- CIFL transfers RemitX Forex assets to Niyo's Kanji Forex.
- Strategic realignment to sharpen focus on MSME lending.
- Q1 FY27 income up 32% YoY; disbursements grew 36% YoY.
- Company maintains strong capital adequacy ratio of 43.58%.
- Transaction simplifies portfolio and concentrates resources on lending.
Price Impact
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