Equitas
Equitas Holdings Ltd (EHL) was incorporated as UPDB Micro Finance Private Limited on June, 2007 at Chennai as a private limited company by Mr.P N Vasudevan. The Company is a Non-Deposit Taking Systemically Important - Core Investment Company – (CIS-ND-SI) registered with The Reserve Bank of India. The activity of the company is to making investment in subsidiary companies and providing loans to them. It has no other operations.
Equitas Finance Limited (EFL), which provides used commercial vehicle loans are previously wholly owned subsidiary of EHL operated as an NBFC. Now Equitas Holdings is engages in the businesses through its three subsidiaries: 1) Equitas Small Finance Bank Limited (ESFBL) became a scheduled bank with headquarters in Chennai, India which provides loans to subsidiaries and also places deposits with its banking subsidiary. Equitas Micro Finance Limited (EMFL) and Equitas Housing Finance Limited (EHFL) merged into Equitas Finance Limited (EFL) to form the bank. The name of EFL was changed to Equitas Small Finance Bank Limited vide a fresh Certificate of Incorporation dated September 2 2016. 2) Micro and Small and Enterprise (MSE) 3) Equitas Technology Private Limited (ETPL), which offers technology platform for freight, logistics, carriers and related services.
Equitas Holdings segments include Micro Finance, Other Finance and Others. The Micro Finance segment consists of micro financing. The Other Finance segment consists of housing finance and vehicle finance. The Company also provides loans to subsidiaries and corporate guarantees for the borrowings of subsidiaries from banks and institutions.
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