October 25, 2016 9:19 PM ET

Consumer Finance

Company Overview of Equitas Holdings Limited

Company Overview

Equitas Holdings Limited, through its subsidiaries, provides micro finance, used commercial vehicle finance and small enterprise loans, and housing finance services in India. The company operates through Micro Finance, Other Finance, and Others segments. It engages in extending credit to people who are otherwise unable to access finance from the mainstream banking channels. The company also provides finance for the purchase of used transport or commercial vehicles; and housing finance for self-employed and salaried segment of low income households, as well as loans against property, home loans, and home extension loans. Equitas Holdings Limited was founded in 2007 and is based in Chennai, In...

Spencer Plaza

4th Floor

Phase II

No. 769 Anna Salai

Chennai,  600002


Founded in 2007


91 44 4299 5000


91 44 4299 5050

Key Executives for Equitas Holdings Limited

Equitas Holdings Limited does not have any Key Executives recorded.

Equitas Holdings Limited Key Developments

Equitas Holdings Private Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended September 30, 2016

Equitas Holdings Private Limited reported unaudited consolidated earnings results for the second quarter ended September 30, 2016. Net interest income increased by 40% at INR 2,006 million for the quarter ended September 30, 2016 as against INR 1,428 million in the corresponding quarter last year. Profit after tax grew by 16% to INR 464 million for the quarter ended September 30, 2016 as against INR 394 million for the corresponding quarter last year. PAT without reckoning transition costs represent an increase of 50% year on year. Return on asset was 2.32% compared to 3.25% last year. Return on equity was 8.67% compared to 13%. Consolidated AUM as of September 30, 2016 INR 70,790 million.

Equitas Holdings Limited Announces Management Changes

Equitas Holdings Limited at its board meeting held on October 21, 2016 announced that Mr. S. Bhaskar, CFO has been appointed as Executive Director & CEO with effect from October 21, 2016 and Mr. S. Vasudevan has been appointed as Chief Financial Officer of the company in the place of Mr. S. Bhaskar, with effect from October 21, 2016.

Equitas Holdings Limited, Board Meeting, Oct 18, 2016

Equitas Holdings Limited, Board Meeting, Oct 18, 2016. Agenda: To consider the appointment of Manish Rai, CEO as Whole time Director effective from October 18, 2016; and to consider the appointment of Sridevi Surender as Company Secretary in the place of Jayashree S Iyer effective from October 18, 2016.

Recent Private Companies Transactions

Private Placement
April 8, 2016
Equitas Micro Finance Limited
Private Placement
April 8, 2016
Equitas Housing Finance Limited
Private Placement
April 8, 2016
Equitas Finance Limited

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Equitas Holdings Limited, please visit www.equitas.in. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.