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VFS Capital information


VFS Capital Limited
Company typeFinancial Services
IndustryFinancial services
Founded28 June 1994; 29 years ago (1994-06-28)
FoundersMr Kuldip Maity
HeadquartersVillage Financial Services, Eco space, Business Park, Tower-4 B, Room no. 403, 4th Floor, New Town, Rajarhat, Kolkata - 700160, West Bengal, India.
Number of locations
13 state, 78 districts, 20,900 Villages (2020)
Key people
  • Mr Ajit Kumar Maity
    (Chairman)
  • Mr Kuldip Maity
    (MD & CEO)
  • Dr Sankar Datta
    (Independent Director)
  • Ms Jayshree Vyas
    (Chartered Accountant)
  • Dr T.K. Mukhopadhyay
    (Independent Director)
  • Mr Pradipta Jena
    (Independent Director)
Operating income
Increase 212.58 crore (US$27 million) (2020)
Net income
Increase 35.06 crore (US$4.4 million) (2020)
Total assetsIncrease 1,007.57 crore (US$130 million) (2020)
Total equity161.05 Crore
Number of employees
1473 (2020)
Websitewww.vfscapital.in

VFS Capital Limited formerly known as Village Financial Services Ltd (VFS), is headquartered in Kolkata, was incorporated on 28 June 1994,[1] as a private limited company before it got its present name.[2][3]

The name Village Financial Services Private Limited (VFSPL) was registered by the Registrar of Companies on 23 January 2006. Subsequently, the Reserve Bank of India granted it a certificate of registration dated 1 December 2006.[4] In 2013, VFSPL became the first microfinance institution (MFI) in eastern India to get the status of an NBFC-MFI or Non-Banking Financial Company-MFI from the RBI.[5]

On 7 November 2017, the company was converted into a public company, after which the RBI granted it a fresh certificate of registration on 4 January 2018.[6] VFS is also the first ISO-certified microfinance company in India.[citation needed] The microfinance operations under VFS have grown phenomenally. It has touched the lives of thousands of poor families by providing them credit for income-generating activities and helping them become economically self-sufficient, besides empowering women (who are the borrowers) and so letting them live with dignity.

  1. ^ "VILLAGE FINANCIAL SERVICES PRIVATE LIMITED - Company, registration details, products, directors, charges and contact details | Connect2India". connect2india.com. Retrieved 4 September 2019.
  2. ^ Indiablooms. "VFS Capital launches business operations in Rajasthan | Indiablooms - First Portal on Digital News Management". Indiablooms.com. Retrieved 13 June 2023.
  3. ^ "Leading MFI VFS Capital plans to raise Rs 1,500 crore in FY'24 to support growth plans". The Times of India. 4 March 2023. ISSN 0971-8257. Retrieved 13 June 2023.
  4. ^ "International Journal of Microfinance" (PDF). Pondiuni.edu.in. 15 January 2011.
  5. ^ "About VILLAGE FINANCIAL SERVICES PRIVATE LIMITED". Connect2India. 28 June 1994.
  6. ^ "VILLAGE FINANCIAL SERVICES LIMITED". Zaubacorp. 18 November 2019.

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