Equitas Microfinance

Equitas Micro Finance Pvt Ltd (Equitas Micro Finance) was set up by Mr. P N Vasudevan in 2007 for providing microfinance services. Equitas Micro Finance, headquartered at Chennai, operates from 104 districts across 7 states/union territories. Equitas Microfinance Equitas group had also diversified into vehicle and housing finance segments in 2011. While the vehicle finance … Continue reading “Equitas Microfinance”

Top Microfinance Companies in India 2014 – 2015 List

After a gap of more than five years, CRISIL – India’s leading agency for microfinance ratings has released it’s updated list of the top microfinance companies in India titled “India’s 25 Leading MFI’s“ for the years 2014 – 2015. The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been … Continue reading “Top Microfinance Companies in India 2014 – 2015 List”

IFMR Capital structures Rs 100 Crore Loan Securitisation with Equitas Microfinance

Chennai based Equitas Microfinance has securitised loans worth over Rs 100 crore with a select group of financial institutions which included UTI Mutual Fund and HDFC Bank.I FMR Capital was the sole arranger for the deal and has also co-invested in the transaction.The securitisation was backed by 105,422 microloans originated by Chennai based Microfinance compay … Continue reading “IFMR Capital structures Rs 100 Crore Loan Securitisation with Equitas Microfinance”

Equitas Microfinance gets Rs 45 Crores investment from Canaan Partners

Venture capital firm Canaan Partners has committed investments of nearly 140 crore in two firms including a microfinance institution (MFI), a top executive said on Wednesday. The fund has invested approximately Rs 45 crore in the Chennai headquarted Equitas Microfinance.The other investment is in Naaptol Online Shopping Pvt. Ltd,(http://www.naaptol.com/). The investment by Canaan in a … Continue reading “Equitas Microfinance gets Rs 45 Crores investment from Canaan Partners”

Equitas Microfinance ratings upgraded by CRISIL

CRISIL has upgraded its rating on Equitas Micro Finance India Pvt Ltd’s (Equitas’s) long-term debt instruments to ’BBB/Stable’ from ’BBB-/Stable’. The upgrade reflects CRISIL’s belief that Equitas’s competitive position in the microfinance industry will improve on the back of benefits derived from its management’s experience in the financial services industry, and implementation of sound systems … Continue reading “Equitas Microfinance ratings upgraded by CRISIL”

Equitas Microfinance receives Rs 108 Crore investment from CLSA Capital Partners

Equitas microfinance has reported that CLSA Capital Partners has invested Rs 108 Crore($24 million) to acquire an minority stake in the company.CLSA Capital Partners is a specialist private equity investment management firm, and invests in Asia through it’s Aria Investment Partners series of pan-Asian private equity funds. Aria partners with owners and managers of outstanding middle … Continue reading “Equitas Microfinance receives Rs 108 Crore investment from CLSA Capital Partners”

Document management software helps Equitas process loans three times faster

As with any financial services company, a large volume of paperwork was generated daily at Equitas. The greatest challenge faced by the company was verifying the accuracy of the data given the manual document creation and processing mechanisms. Manual checking of application forms also meant lower employee productivity levels. This led to delays in responding … Continue reading “Document management software helps Equitas process loans three times faster”