Kolkata, June 2026 : There has been a change of power in West Bengal. Many businessmen are now keen to set up ventures and create jobs. For 15 years, Mamata Banerjee was in power and many businessmen were hesitant to invest due to TMC policies. You may recall how Mamata Banerjee created a political storm over the Tata Nano project and brought down the 35-year-old Left government. But in 15 years, little was done for business in Bengal.
In May 2026, the Mamata Banerjee government was replaced and a BJP government was formed. Everyone wants to align with those in power. Amid this, one name being discussed is that of Kuldip Maity.
According to unverified sources there is a possibility that Kuldip Maity, MD & CEO of VFS Capital, Kolkata, may join the Bharatiya Janata Party (BJP). Sources claim he could take membership in the presence of BJP President Nitin Nabin or Union Minister Amit Shah. As the world’s largest party, BJP is seeing leaders from other parties join and work together. Maity is said to share a similar vision. Kolkata was once the biggest hub for trade, and with this mindset, Maity is reportedly eager to serve the country and the state by joining the BJP.
Kuldip Maity is the visionary behind Eastern India’s largest microfinance institution, VFS Capital. He is the Managing Director and Chief Executive Officer of the company. Maity is a social entrepreneur and social worker who played a key role in making VFS Capital the No. 1 microfinance company in Eastern India.
He is a Board Member of Sa-Dhan, Assistant Secretary of Village Welfare Society, and a founding member of the Association of Micro Finance Institutions, West Bengal. His main objective is to eradicate poverty by economically empowering the poor and underprivileged, especially women.
Maity holds a Doctorate along with dual Master’s degrees in Business Administration and Social Sector. For the last 20 years, he has been working to provide economic independence to the weaker sections of society.
VFS Capital today serves over 4 lakh women borrowers through nearly 280 branches across 14 states.
The company plans to open 50 new branches this year. Post-pandemic, VFS is also focusing on affordable housing loans and MSME loans. VFS was among the 72 applicants for a Small Finance Bank license. Maity believes that becoming a bank would allow them to offer deposit facilities to 92% of their customers.
For his work and leadership, Maity has received several awards and recognitions. VFS Capital has a Capital Adequacy Ratio of 24.17% and holds an ‘A minus’ MFI(I) grade rating. VFS Capital Ltd, formerly known as Village Financial Services Ltd, is headquartered in Kolkata. Under Kuldip Maity’s leadership, the company’s mission remains the same: _to bring a smile to the faces of the underprivileged through sustainable financial solutions.
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