Capital First, Ltd. was established by V. Vaidyanathan in 2012, and helps small entrepreneurs, MSMEs, and other Indian consumers with debt financing. The company first traded on the stock exchange in January 2008 for Future Capital Holdings.

From 2008 to 2010, the company diversified itself, foraying into various business categories including real estate, corporate credit, private equity, asset management, foreign exchange, retail broking, mall management, wealth management, and property services. In 2010, the company began financing MSMEs and the country's emerging middle class, and came out of its Forex wealth and broking businesses. Additionally, it also sharply reduced wholesale lending. In January 2018, the company announced a merger with IDFC Bank. As of March 2018, the company had gained a net profit of $37 million.

The company offers debt financing services for MSMEs and middle-class consumers. Finances provided start from as low as Rs. 10,0000 and can go up to Rs. 20 million. The company also offers tenure plans starting at six months and going up to 15 years. In addition to financing, Capital First offers term loans for which properties can be mortgaged for security, as well as two-wheeler and consumer durable loans in 225 locations across the country.

Capital First has recently won many accolades, including the “Best BFSI Brand, 2018” by Economic Times, “Financial Company of the Year Award, 2018” by VC Circle Awards, and “Outstanding Corporate Transformation Award, 2018”.