Equitas Holdings Limited (‘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.
The company has the following Wholly Owned Subsidiaries:
Equitas Small Finance Bank Limited(ESFBL)
Equitas Small Finance Bank Limited is a Small Finance Bank (SFB), licensed by Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 to carry on the business of Small Finance Bank. The Bank commenced the business of SFB on September 5, 2016. It is the first Private Sector Bank from Tamil Nadu to commence operations post Indian Independence.
ESFBL, with pan India operations, is focused on providing financing solutions for individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all.
True to its tag line - “It’s Fun Banking”, the bank offers customized savings products with a focus towards giving children, youth, families and entrepreneurs across India, a new and a fun way to bank.
Equitas Technologies Private Limited (ETPL)
Equitas Technologies Private Limited is engaged in freight facilitation business under the brand name of ‘Wowtruck’. The Company provides a common platform for transporters and customers to connect 'online' and carry out transactions on real-time basis.