January 22, 2017 10:29 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 Limited - Special Call

To discuss the Impact of recent Demonetisation measures by the Government of India

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.

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 Small Finance Bank Limited

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