About Equitas Small Finance Bank
Equitas Small Finance Bank is a company based in Chennai (India) founded in 2007.. Equitas Small Finance Bank has raised $194.55 million across 13 funding rounds from investors including The World Bank, International Finance Corporation and 360 One. The company has 25,430 employees as of March 31, 2024. Equitas Small Finance Bank offers products and services including Savings Account, Gold Loan, Car Loan, Mobile Banking App, and Home Loan. Equitas Small Finance Bank operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others.
- Headquarter Chennai, India
- Employees 25430 as on 31 Mar, 2024
- Stage Public
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Equitas Small Finance Bank Ltd.
-
Annual Revenue
$843.81 M (USD)14.92as on Mar 31, 2024
-
Net Profit
$17.17 M (USD)-81.6as on Mar 31, 2024
-
EBITDA
$0 (USD)0as on Mar 31, 2023
-
Total Equity Funding
$194.55 M (USD)
in 13 rounds
-
Latest Funding Round
$19.47 M (USD), Series D
Jan 06, 2020
-
Investors
The World Bank
& 15 more
-
Employee Count
25430
as on Mar 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Equitas Small Finance Bank
Equitas Small Finance Bank is a publicly listed company on the NSE with ticker symbol EQUITASBNK in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Equitas Small Finance Bank
Equitas Small Finance Bank offers a comprehensive portfolio of products and services, including Savings Account, Gold Loan, Car Loan, Mobile Banking App, and Home Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for secure savings with no maintenance charges.
Loan against gold for instant cash access.
Financing for new or used vehicles.
App for account management and loan applications.
Mortgage loan for purchasing or building homes.
Unlock access to complete
Software Development Team
66 people
Leadership Team
31 people
Human Resources and Administration
24 people
Sales and Marketing
4 people
Product Management Team
3 people
Operations Team
3 people
Finance and Accounting
2 people
Legal and Compliance
2 people
Unlock access to complete
Funding Insights of Equitas Small Finance Bank
Equitas Small Finance Bank has successfully raised a total of $194.55M across 13 strategic funding rounds. The most recent funding activity was a Series D round of $19.47 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series D — $19.5M
-
First Round
First Round
(01 Jun 2007)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series D - Equitas Small Finance Bank | Valuation |
investors |
|
| Dec, 2019 | Amount | Series D - Equitas Small Finance Bank | Valuation | 360 One , High Conviction |
|
| Nov, 2014 | Amount | Series D - Equitas Small Finance Bank | Valuation | Creation Investments , DEG |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Equitas Small Finance Bank
Equitas Small Finance Bank has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include The World Bank, International Finance Corporation and 360 One. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
IFC is focused on private sector development in emerging markets.
|
Founded Year | Domain | Location | |
|
Private equity investments are focused on growth-stage companies in India.
|
Founded Year | Domain | Location | |
|
Impact investing in emerging markets through private equity and credit services.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Equitas Small Finance Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Equitas Small Finance Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Equitas Small Finance Bank Comparisons
Competitors of Equitas Small Finance Bank
Equitas Small Finance Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Small finance services are extended to underserved segments in India.
|
|
| domain | founded_year | HQ Location |
Microfinance bank
|
|
| domain | founded_year | HQ Location |
Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
|
|
| domain | founded_year | HQ Location |
Small finance bank offering savings accounts, deposits, and loan products
|
|
| domain | founded_year | HQ Location |
Micro-finance bank
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Equitas Small Finance Bank
Frequently Asked Questions about Equitas Small Finance Bank
When was Equitas Small Finance Bank founded?
Equitas Small Finance Bank was founded in 2007.
Where is Equitas Small Finance Bank located?
Equitas Small Finance Bank is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Equitas Small Finance Bank?
Vasudevan Pathangi Narasimhan is the current CEO of Equitas Small Finance Bank.
Is Equitas Small Finance Bank a funded company?
Equitas Small Finance Bank is a funded company, having raised a total of $194.55M across 13 funding rounds to date. The company's 1st funding round was a Series D of $52.5M, raised on Jun 01, 2007.
How many employees does Equitas Small Finance Bank have?
As of Mar 31, 2024, the latest employee count at Equitas Small Finance Bank is 25,430.
What is the annual revenue of Equitas Small Finance Bank?
Annual revenue of Equitas Small Finance Bank is $843.81M as on Mar 31, 2024.
What does Equitas Small Finance Bank do?
Equitas Small Finance Bank was established in 2007 as a subsidiary of Equitas Holdings, a former leading microfinance institution in India. Operations are based in Chennai, India, where full banking services and products are offered to individuals and micro, small, and medium enterprises. It is recognized as the first private sector bank to begin operations after Indian independence, focusing on retail and business banking within the financial sector.
Who are the top competitors of Equitas Small Finance Bank?
Equitas Small Finance Bank's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
What products or services does Equitas Small Finance Bank offer?
Equitas Small Finance Bank offers Savings Account, Gold Loan, Car Loan, Mobile Banking App, and Home Loan.
Is Equitas Small Finance Bank publicly traded?
Yes, Equitas Small Finance Bank is publicly traded on NSE under the ticker symbol EQUITASBNK.
Who are Equitas Small Finance Bank's investors?
Equitas Small Finance Bank has 16 investors. Key investors include The World Bank, International Finance Corporation, 360 One, CLSA Capital Partners, and CreditAccess Asia.
What is Equitas Small Finance Bank's ticker symbol?
The ticker symbol of Equitas Small Finance Bank is EQUITASBNK on NSE.
What is Equitas Small Finance Bank's valuation?
The valuation of Equitas Small Finance Bank is $825.41M as of Dec 2019.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.