August 27, 2016 3:20 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

India

Founded in 2007

Phone:

91 44 4299 5000

Fax:

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 Limited Announces Management Changes

Equitas Holdings Limited announced that the Board of Directors has appointed Dr. Parthasarathi Shome as an Independent Director of the company with effect from July 22, 2016, at the at its meeting held on July 22, 2016. The company also announced the resignation of Mr. N Srinivasan as Independent Director, Mr. Vinod Kumar Sharma as Independent Director and Mr. P N Vasudevan as Managing Director from the from the Board of the company with effect from July 22, 2016.

Equitas Holdings Limited Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2016

Equitas Holdings Limited reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, on standalone basis, income from operation was INR 22.380 million against INR 24.028 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 6.279 million against INR 13.606 million a year ago. Profit from ordinary activities before tax was INR 6.279 million against INR 13.506 million a year ago. Net profit was INR 2.802 million or INR 0.01 per basic and diluted share against INR 8.208 million or INR 0.03 per basic and diluted share a year ago. For the quarter, on consolidated basis, profit from operations before other income, finance costs and exceptional items was INR 2,171.682 million against INR 1,476.697 million a year ago. Profit from ordinary activities before tax was INR 963.406 million against INR 580.922 million a year ago. Diluted earnings per share were INR 1.86 against basic and diluted earnings per share of INR 1.39 a year ago. The company reported total income increased by 46% at INR 3,488.0 million against INR 2,393.0 million in the corresponding quarter last year. Profit after tax grew by 64% to INR 612.0 million against INR 374.0 million for the corresponding quarter last year.

Equitas Holdings Ltd Announces the Resignation of Swarna Rekha S as Company Secretary

Equitas Holdings Ltd. has informed that the resignation of Ms. Swarna Rekha S, Company Secretary was approved at the Board Meeting of Equitas Housing Finance Limited held on July 19, 2016. She will be relieved from her duties on July 31, 2016 after serving the necessary notice period.

Recent Private Companies Transactions

Type
Date
Target
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
 

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