About Equitas Holdings Limited
Data last updated:
Equitas Holdings Limited was a public limited company based in Chennai, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the core investment companies segment of the financial services sector. It was incorporated on 22 June 2007.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN L65100TN2007PLC064069. Its GSTIN is 33AAACU9126C1ZO (Tamil Nadu). It is recorded as listed by MCA, but its shares were delisted from BSE on 29 Mar 2023 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹450 Cr and a paid-up capital of ₹341.79 Cr. It was formerly known as Updb Micro Finance Private Limited and Equitas Holdings Private Limited. It was led by directors including John Alex (Whole-Time Director) and Jayshree Ashwinkumar Vyas.
Its last annual general meeting (AGM) was held on 10 August 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Chennai, Tamil Nadu.
As per the financials filed for FY 2022, the company reported a revenue of ₹19.22 Cr, a decline of 89.18% compared to the previous year.
The company had about 5 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
The company was associated with 3 brands: Equitas Housing Finance, Sringeri Saradha Equitas Multi-Speciality Hospital and WowTruck. As per MCA filings, the company had satisfied charges of ₹1,431.4 Cr on record. Court records list 425 cases involving the company, including 422 filed by the company and 3 filed against it; 1 case is pending. The company has 93 deals on record (56 market trades, 22 funding rounds, 14 secondary share transfers), with disclosed funding of ₹904.98 Cr; the latest was in December 2022.
The last known website on record is equitas.in.
Company details
Name history
Equitas Holdings has undergone 3 name changes throughout its history. The company was previously known as Updb Micro Finance Private Limited, Equitas Holdings Private Limited, and Equitas Micro Finance India Private Limited. The current legal name is Equitas Holdings Limited.
| Company Name | Status |
|---|---|
| Equitas Holdings Limited | Current |
| Updb Micro Finance Private Limited | Previous |
| Equitas Holdings Private Limited | Previous |
| Equitas Micro Finance India Private Limited | Previous |
CIN history
Equitas Holdings has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65100TN2007PLC064069, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65100TN2007PLC064069 | Current |
| U65100TN2007PTC064069 | Previous |
| U65100TN2007PLC064069 | Previous |
Contact details
Equitas Holdings Limited's registered office is in Chennai, Tamil Nadu. Its website is equitas.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address410A 4th Floor Spencer Plaza Phase II No.769 Mount Road, Anna Salai India, Chennai, Tamil Nadu, India – 600002
- IndustryFinancial Services, Core Investment Companies, NBFC
To see the full contact details of Equitas Holdings Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Equitas Holdings operates multiple associated brands including Equitas Housing Finance, SRINGERI SARADHA EQUITAS MULTI-SPECIALITY HOSPITAL, and WowTruck. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cancer care and multi-specialty medical services in Chennai. | equitashospital.org | |
| GPS-enabled trucks are booked via an online marketplace platform. | wowtruck.in | |
| Offers long-term home loans to support affordable housing solutions. | equitashf.in |
Business activity
Equitas Holdings operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Equitas Holdings Limited, buy the company report.
Financials of Equitas Holdings Limited
FY 2022 filings availableEquitas Holdings Limited reported revenue of ₹19.22 Cr (down 89.18% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 89.18% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
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| Total Revenue | ₹19.22 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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To see the full financial statements and ratios of Equitas Holdings Limited, buy the company report.
Board of directors of Equitas Holdings Limited
Equitas Holdings has 7 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayshree Ashwinkumar Vyas | Director | 12 Nov 2014 | 11 Years 11 Months | As last reported |
| Rajaraman Papagudi Venkatachalam | Director | 02 Nov 2011 | 14 Years 11 Months | As last reported |
| Arun Ramanathan | Director | 02 Nov 2011 | 14 Years 11 Months | As last reported |
| John Alex Also directs: Unico Housing Finance Private Limited | Whole-Time Director | 08 Nov 2019 | 6 Years 11 Months | As last reported |
| Jayaraman Chandrasekaran | Director | 02 Aug 2019 | 7 Years 2 Months | As last reported |
| Bhaskar Srinivasan Also directs: Dashboard Account Aggregation Services Private Limited | Director | 21 Oct 2016 | 10 Years 0 Months | As last reported |
Auditor
Equitas Holdings Limited is audited by T R CHADHA & CO LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T R CHADHA & CO LLP | FY 2021 | 006711N/N500028 |
Shareholding
The shareholding of Equitas Holdings Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Equitas Holdings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jan 2012 | 10327587 | The South Indian Bank Limited | ₹12 Cr | Satisfied | |
| 03 Dec 2011 | 10323368 | Syndicate Bank | ₹25 Cr | Satisfied | |
| 03 Nov 2011 | 10318125 | Federal Bank Limited | ₹20 Cr | Satisfied | |
| 12 Sep 2011 | 10307229 | Axis Bank Ltd | ₹20 Cr | Satisfied | |
| 31 May 2011 | 10288173 | Idbi Trusteeship Services Limited | ₹50 Cr | Satisfied |
To see the full charge records of Equitas Holdings Limited, buy the company report.
Total charge records: 60 View all charges
Deals & funding
Equitas Holdings Limited has 93 deals on record (56 market trades, 22 funding rounds, 14 secondary share transfers), with disclosed funding of ₹904.98 Cr; the latest was in December 2022.
Deals on record (5 of 93)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Market trade | ₹25.33 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Feb 2021 | Market trade | ₹95.41 Cr | Buyer: Setu Securities Private Limited Seller: Cdc Group Plc, Setu Securities Private Limited |
| Aug 2020 | Market trade | ₹13.54 Cr | Buyer: Tower Research Capital Markets India Private Limited Seller: Tower Research Capital Markets India Private Limited |
| Aug 2020 | Market trade | ₹12.08 Cr | Buyer: Tower Research Capital Markets India Private Limited Seller: Tower Research Capital Markets India Private Limited |
| Jul 2020 | Market trade | ₹8.46 Cr | Buyer: Tower Research Capital Markets India Private Limited Seller: Tower Research Capital Markets India Private Limited |
To see the full deal history of Equitas Holdings Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Equitas Holdings Limited has 425 court cases on record: 422 filed by Equitas Holdings, 3 filed against it. 1 case is pending and 424 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 422 | 0 | 0 |
| High courts | 2 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 425)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (EP_SCC) | Filed by the company against Vasantha | Disposed |
| High Court, TAMIL NADU | Court case (TCA) | Filed against the company by The PR Commissioner of Income Tax 1, M/S.Ravikumar T, ,C.P.Priya | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by The PR Commissioner of Income Tax 1, | Disposed |
| Supreme Court | Court case (1101-Arbitration Matters : Arbitration Petitions under Section 11 of Arbitration & Conciliation Act, 1996) | Filed against the company by Small Industries Development Bank of India Rep. by Its Deputy General Manager 756L, Overseas Towers, Anna Salai ,Chennai , Tamil Nadu | Disposed |
| District court, Tiruvallur, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Equitas Holdings Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Equitas Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Equitas Holdings has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | |
| Equitas Technologies Private Limited | U72900TN2015PTC102697 |
To see the full group structure of Equitas Holdings Limited, buy the company report.
Employees & EPFO
Equitas Holdings Limited has a workforce of 5 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Equitas Holdings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACU9126C1ZO | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Equitas Holdings Limited, buy the company report.
Recent activity
Equitas Holdings Limited has 53 board changes on record since 2007: 30 appointments and 23 cessations. The latest: Viswanatha Prasad Subbaraman ceased to be Director on 25 Oct 2022.
166 earlier events are in the company report.
News
Frequently asked questions
Equitas Holdings has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Equitas Holdings was a public limited company based in Chennai, Tamil Nadu, India. The company worked in core investment companies, within the financial services industry. It was incorporated on 22 June 2007 and is registered under CIN L65100TN2007PLC064069. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Equitas Holdings was incorporated on 22 June 2007. It is registered with the Registrar of Companies, Chennai.
Equitas Holdings had 7 directors:
- John Alex - Whole-Time Director
- Jayshree Ashwinkumar Vyas - Director
- Rajaraman Papagudi Venkatachalam - Director
- Arun Ramanathan - Director
- Jayaraman Chandrasekaran - Director
- Bhaskar Srinivasan - Director
- Nambi Iyengar Rangachary - Director
The CIN (Corporate Identification Number) of Equitas Holdings is L65100TN2007PLC064069. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equitas Holdings is recorded as a listed company by MCA, but its shares were delisted from BSE on 29 Mar 2023 · merger, and no longer trade on a stock exchange.
The registered office of Equitas Holdings is at 410A 4th Floor Spencer Plaza Phase II No.769 Mount Road, Anna Salai India, Chennai, Tamil Nadu, India – 600002.
Equitas Holdings can be reached through the website equitas.in. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Equitas Holdings on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 10 August 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Equitas Holdings is 33AAACU9126C1ZO, registered in Tamil Nadu.