Equitas Holdings Ltd
Equitas Holdings Ltd Company History
Equitas Holdings is engaged in the business as a Non-Banking Financial Institution.
2007
Incorporation of the Company.
2007
2008
The Company set up EDIT with the objective of furthering social initiatives.
2008
2009
Investment in core banking solution by a license agreement with Temenos Singapore Pte. Limited.
2009
2010
Incorporation of Equitas Housing Finance Private Limited as a wholly owned subsidiary of the Company.
2010
2011
Acquisition of the entire shareholding of V.A.P Finance Limited and Singhivi on March 21, 2011 and July 7, 2011 respectively, which were registered with the RBI as non-banking financial institutions. V.A.P Finance Limited was converted into a private company and a fresh certificate of incorporation was issued by RoC on March 30, 2011. Subsequently the name of V.A.P Finance Private Limited was changed to Equitas Finance Private Limited.
2011
2012
Demerger of the micro finance business undertaking pursuant to the order by the Madras High Court dated January 11, 2012 approving the Demerger Scheme with effect from April 1, 2011. The name of the Company was changed to Equitas Holdings Private Limited.
Pursuant to the Company becoming a non-systemically important CIC, the certificate of registration under 45-IA of the RBI Act, as an NBFC (No. N-07-00768) was cancelled by the RBI at the request of the Company.
2012
2013
The name of Singhivi Investment & Finance Private Limited was changed to Equitas Micro Finance Private Limited.
2013
2015
Conversion of the Company into a public limited company and change of name to Equitas Holdings Limited.
In-principle approval for Small Finance Bank pursuant to RBI Letter dated October 7, 2015 under reference DBR.PSBD.NBC (SFB-Equitas). No 4915/ 16.13.216/2015-16.
Incorporation of Equitas Technologies Private Limited as a wholly owned subsidiary of the Company.
2015
2016
Equitas Holdings commences banking operations in 3 branches
2016
2017
Equitas Bank launches RFID sticker facility for customers.
2017
2018
Equitas launched selfeSavings, an interactive digital savings account. selfeSavings account can be opened with the web based interactive video form hosted in www.equitasbank.
2018
2020
Equitas launched new product "Equitas ELITE" .
2020
2021
Equitas Small Finance Bank Limited is the largest SFB in India in terms of number of banking outlets, and the second largest SFB in India in terms of assets under management
2021
2023
Approval of Scheme of Amalgamation of Equitas Holdings Limited and Equitas Small Finance Bank Limited
2023
