Company Intelligence Profile
Caspian Impact Investments Private Limited
Caspian Impact Investments Private Limited is the NBFC/debt-lending arm of the Caspian group (commercially associated with the "Caspian Debt" brand), based in Hyderabad.
Last updated 17 August 2026
Caspian Impact Investments Private Limited, based in Hyderabad, is the NBFC/debt-lending division of the Caspian group, known as "Caspian Debt." It provides debt capital to early-stage impact enterprises in India. For the fiscal year ending in March 2023, the company reported an operating revenue between INR 75-100 crore, with a 22.9% year-over-year growth.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Caspian Impact Investments Private Limited |
|---|---|
| CIN | U65993TG1991PTC013491 |
| PAN | AADCS4132K — source: Tofler |
| Status | Active |
| Listing | Unlisted private company (not listed on any stock exchange) — source: Tofler |
| Incorporated | 25 November 1991 — source: Tofler |
| ROC | Registrar of Companies, Telangana (Hyderabad) — consistent with CIN segment "TG" and with ITAT-Hyderabad litigation venue (Indian Kanoon) |
| Sector (NIC) | Finance / NBFC-type lending (debt provider to impact/social enterprises) |
| Registered address | 4th Floor, Ventureast Plaza, Plot No. 40 & 41, Financial District, Gachibowli, Hyderabad, Telangana – 500032 — source: Tofler |
| Authorized capital | INR 48.5 crore — source: Tofler |
| Paid-up capital | INR 6.67 crore — source: Tofler |
Business Overview
- Caspian Impact Investments Private Limited is the NBFC/debt-lending arm of the Caspian group (commercially associated with the "Caspian Debt" brand), based in Hyderabad
- It provides debt capital to fast-growing, early-stage impact enterprises in India across sectors such as financial inclusion, agriculture, and SME support
- It is distinct from — but part of the same group as — "Caspian Impact Investment Adviser Private Limited," the equity/advisory arm that manages Caspian's equity funds (Bellwether Microfinance Fund, India Financial Inclusion Fund, Caspian LEAF, etc.) and runs the caspian.in website
- The lending entity itself funds its on-lending book by borrowing from banks/NBFCs, consistent with an NBFC on-lending model rather than a pure investment-advisory business
Directors
All 7 directors and DINs below sourced from Tofler (single-source; not cross-verified against a second registry page, so treat DINs as partial):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Viswanatha Prasad Subbaraman | 00574928 | Director | - |
| Ranganathan Varadarajan Dilip Kumar | 01060651 | Nominee Director | - |
| Shailendra Kumar Joshi | 01689889 | Director | - |
| Praseeda Kunam | 01767987 | Director | - |
| Narayan Ramachandran | 01873080 | Director | - |
| Mahesh Kanumury | 02028993 | Director | - |
| Avishek Gupta | 09351254 | Managing Director & Shareholder | - |
Financials
Latest audited data referenced is FY ending 31 March 2023 (standalone; last AGM 23 August 2024) — source: Tofler. Absolute rupee figures for revenue, EBITDA, PAT, net worth, and borrowings were paywalled; only YoY growth percentages were visible:
- Operating revenue band: INR 75-100 crore (FY23), up ~22.9% YoY
- EBITDA up ~21.56% YoY
- PAT (net profit) up ~1,580% YoY (base effect — implies a very low prior-year PAT)
- Net worth up ~1.52% YoY
- Total borrowings up ~12.43% YoY
No absolute figures could be confirmed from a second source (Screener/Moneycontrol do not cover this unlisted NBFC). Status: partial.
Charges / Loans
Tofler charges register (open/active, no satisfaction dates indicated):
| Charge Holder | Total Amount | Loans |
|---|---|---|
| MAS Financial Services Limited | ₹120.0 cr | 18 |
| Caspian Impact Investments Limited (related/group lender) | ₹93.0 cr | 2 |
| Kisetsu Saison Finance (India) Pvt Ltd | ₹55.0 cr | 3 |
| Poonawalla Fincorp Limited | ₹50.0 cr | 2 |
| Nabsamruddhi Finance Limited | ₹47.0 cr | 5 |
Recent charges (last ~6 months of filings as shown): IndusInd Bank ₹40 cr (30 Sep 2024), Karur Vysya Bank ₹5 cr (30 Sep 2024), Tata Capital ₹10 cr (30 Jul 2024), MAS Financial Services ₹10 cr (28 Jun 2024), AU Small Finance Bank ₹15 cr (27 Jun 2024). All appear open/active per Tofler; no independent second source cross-checked, so treat as partial/single-source.
Legal / Litigation
Indian Kanoon (indiankanoon.org):
- Caspian Impact Investments Private Limited v. Mr. Akshay Navaladi — Telangana High Court, Arbitration Application No. 85 of 2025 (12 Mar 2026)
- Caspian Impact Investments Private Limited v. DCIT — ITAT Hyderabad, ITA No. 749 of 2025 (03 Oct 2025)
- Dy. Commissioner of Income Tax v. Caspian Impact Investments Private Limited — ITAT Hyderabad (09 Apr 2021), re: disallowance of ~₹3.13 crore in direct/administrative expenses
- Caspian Impact Investments Private Limited v. Dy. Commissioner of Income Tax — ITAT Hyderabad, AY 2013-14 (15 Mar 2019)
- Dy. Commissioner of Income Tax v. Caspian Impact Investments Private Limited — ITAT Hyderabad, AY 2013-14 (17 Aug 2018)
- Vivo Healthcare Private Limited v. Caspian Impact Investments Pvt Ltd — NCLAT (21 Dec 2022)
These are routine income-tax appellate matters plus a 2025-26 arbitration application and an NCLAT matter (likely insolvency-related, involving a borrower/investee, Vivo Healthcare) — no adverse findings evident from case titles alone; full orders were not read in depth.
Competitors
Peer NBFC/impact-debt lenders to social/impact enterprises in India (named from general market knowledge, not independently re-verified against a dedicated competitor-intelligence source in this pass — treat as indicative, not sourced facts):
- Northern Arc Capital Limited — larger listed NBFC in structured/retail debt for underserved segments (large scale, listed)
- Vivriti Capital Limited — mid-size NBFC lending to mid-market and impact-focused enterprises (mid scale)
- Maanaveeya Development & Finance Private Limited (Oikocredit group) — comparable impact-debt NBFC (similar/small-mid scale)
- MAS Financial Services Limited — larger diversified NBFC (also appears as one of Caspian's own lenders/charge-holders — same scale tier, partially overlapping as both funder and peer)
- Ambit Finvest Private Limited — mid-size NBFC lender to MSME/impact segment (mid scale)
- Incofin/responsAbility-backed local debt vehicles — international impact-debt funds active in the same India segment (comparable niche)
Frequently Asked Questions
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