About Us
Equitas is a leading Small Finance Bank that offers new-age banking solutions to the financially unserved and underserved segments across India.
We stand by the principles of Fairness and Transparency, giving people from an array of backgrounds a new way to bank. With TRUST being the key driver, we change the very way banking is imagined, delivered and experienced. Going beyond banking, we transform the lives of communities around us.
About Us
Equitas is a leading Small Finance Bank that offers new-age banking solutions to the financially unserved and underserved segments across India.
We stand by the principles of Fairness and Transparency, giving people from an array of backgrounds a new way to bank. With TRUST being the key driver, we change the very way banking is imagined, delivered and experienced. Going beyond banking, we transform the lives of communities around us.
Our Mission
To create the most valuable bank for all stakeholders through happy employees.
Our Core Values
CUSTOMER FIRST
PRIDE OF PERFORMANCE
FAIR AND TRANSPARENT
RESPECT FOR PEOPLE
OWNERSHIP
The Leadership Team
Mr. Vasudevan P N
Managing Director & CEO
Mr. Murali Vaidyanathan
Business Head - Liabilities
Mr. Sridharan N
Chief Financial Officer
Mr. Natarajan Muthusubramanian
Head - Treasury
Mr. Dheeraj Mohan
Head of Strategy, Investor Relations, BI and CX
Mr. Siby Sebastian
Head - Operations & Infra
Mr. S. Sethupathy
Head – Process and Quality Assurance
Mr. Pallab Mukherji
Chief People Officer
Mr. Rohit Gangadhar Phadke
Senior President - Assets
Mr. Ramanathan N
Company Secretary and Compliance Officer
Mr. Vivek Dhavale
Chief Technology Officer
Mr. Sivapprakash VS
Head - IAD & Vigilance
Mr. Ashwini Biswal
Chief Compliance Officer
Mr. Sibi PM
Chief Risk Officer
Milestones
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Launched Microfinance Business in 4 branches
CRISIL Grade of mfR4 – 2008
Raised first round of capital Rs.6 Crores within three months of operations
Received MFI Grading of mfR4 from CRISIL - Highest for a start-up MFI at that time
MFI Grading upgraded to mfR3 in November 2008
Start up of the year Award - TiECON 2009, Chennai
Harward Business School writes case study on Equitas
Concluded first rated securitization by an Indian MFI in March Raised Rs.99 Crs fresh equity
CRISIL Grading Upgraded to mfR2
MFI Regulatory act passed
MFI Grading upgraded to mfR2 in June Raised Rs.138 Crs fresh equity
Received GVC Rating of GVC Level 3 (First for a MFI) from CRISIL
Launched VF, HF business
Launch of Equitas Commercial Vehicle Finance & Equitas Housing Finance
Gross AUM crossed Rs.1000 Crs
IFC Washington from the World Bank invests about Rs.100 Cr. Equitas' gross AUM crosses the Rs.1000 Crores milestone
Launched SME, LAP business
GVC Rating upgraded to GVC Level 2 Raised Rs.140 Crs fresh equity
CDC, UK Government Fund invests $16 Million in Equitas
DEG, Germany & FMO, Netherlands invests in Equitas
Gross AUM crossed Rs.2000 Crs Raised Rs.198 Crs fresh equity
Gross AUM crossed Rs.3000 Crs
Customer base soars to 2.5 million
Raised Rs 325 Crs fresh equity Net worth crossed Rs 1000 Crs, to touch Rs 1100 Crs
RBI Grants licence to Small Finance Bank
Equitas Holdings gets HC nod to amalgamate its subsidiaries Equitas Micro Finance (EMFL), Equitas Housing Finance (EHFL) and Equitas Finance (EFL)
At Rs.2200 Cr, largest IPO by any bank in India
Launch of Equitas Small Finance Bank
Initial Public Offering (IPO) of the shares of Equitas Holdings Limited. Our Rs. 2,175 Crs IPO was oversubscribed 17.2 times
Equitas Small Finance Bank receives scheduled bank status from RBI
Equitas wins the Times Network Award for Marketing Excellence in Banking, Financial Services & Insurance Sector.
Completed the setup of 375 Liabilities branches
The Yellow Army Campaign featuring CSK wins ABP News Best Brand Campaign Award in the BFSI category
Total deposits crossed 100,000 million
In recognition of its excellence in adopting the highest standards of corporate governance, Equitas was recognised as one of the best governed companies that IOP'ed between 2015 and 2017 & was awarded the Corporate Governance Award powered by liAS, IFC & BSE.
Equitas Small Finance Bank launches IPO
COVID Support: First of its kind comprehensive Covid Benefit Package for the employees and their family within a few days of the lockdown.
Government of Singapore invests in Equitas
Raised 500 Crs through QIP (Marquee investors showed commitment to Equitas’ long term growth story)
Got approval from RBI to deal in forex (AD1)
The Equitas Culture
Our culture is steeped in fostering trust, inclusion, support, recognition and genuine care that enables us to create, innovate, and bring the best to work.
EXPLORE ALL JOBS
The Equitas Culture
Our culture is steeped in fostering trust, inclusion, support, recognition and genuine care that enables us to create, innovate, and bring the best to work.
EXPLORE ALL JOBS
