January 30, 2015 4:46 AM ET

Consumer Finance

Company Overview of Equitas Holdings Private Limited

Company Overview

Equitas Holdings Private Limited, through its subsidiaries, provides micro finance, used commercial vehicle finance, and housing finance services in India. The company operates through Micro Finance, Other Finance, and Others segments. It is engaged in extending credit to people who are otherwise unable to access finance from the mainstream banking channels. It also provides finance for the purchase of used commercial vehicles; and housing finance for self-employed and salaried segment of low income households, as well as loans against property, mortgage loans, and SME finance. The company was formerly known as Equitas Micro Finance India Private Limited and changed its name to Equitas Holdi...

F39 - 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 Private Limited

Founder
Age: 51
Group Chief Financial Officer and Chief Operating Officer
Age: 56
Zonal Head - Business and Group President of Operations
Age: 45
Head of Operations
National Business Head
Age: 49
Compensation as of Fiscal Year 2014.

Equitas Holdings Private Limited Key Developments

Equitas Holdings Private Limited Reports Unaudited Earnings Results for the Half Year Ended September 30, 2014

Equitas Holdings Private Limited reported unaudited earnings results for the half year ended September 30, 2014. For the period, the company reported total income of INR 2,088.002 million against INR 1,590.570 million a year ago. Profit from ordinary activities before tax was INR 486.757 million against INR 390.897 million a year ago. Net profit for the period was INR 318.688 million against INR 257.897 million a year ago. Basic and diluted earnings per share were INR 1.60 against INR 1.30 a year ago.

Equitas Holdings Private Limited, Board Meeting, Nov 11, 2014

Equitas Holdings Private Limited, Board Meeting, Nov 11, 2014. Agenda: To consider unaudited earnings results for the half year ended September 30, 2014.

Equitas Holdings Reportedly To Offload About 40% Stake For INR 325 Crore

International Finance Corporation, Creation Investments Capital Management, LLC, CDC Group plc, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. and Deutsche Investitions- und Entwicklungsgesellschaft mbH will reportedly buy roughly 40% stake in Equitas Holdings Private Limited for INR 325 crore, two people with direct knowledge of the development said, indicating overseas investors' continuing interest in the sector after a three-year hiatus. As reported, Edelweiss Financial Services was the exclusive banker to the deal.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 28, 2014
--
Private Placement
May 20, 2014
--
 

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