Equitas Holdings Limited IPO – Details and Review
Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels.
Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks (SFB), niche lenders aimed at helping small businesses and farmers get easier access to funding.
Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India.
The Company has three wholly owned operating subsidiaries. These subsidiaries are engaged in financing activities viz.:
1. Equitas Micro Finance P Ltd - Providing micro l...