About Equitas Micro Finance Limited
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Equitas Micro Finance Limited was a public limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Equitas Holdings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 07 July 1994.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65993TN1994PLC028002. The company has 7 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹320 Cr and a paid-up capital of ₹299.45 Cr. It was formerly known as Equitas Micro Finance Private Limited. It was led by directors including Arun Ramanathan and Yogesh Nanda Chand.
Its last annual general meeting (AGM) was held on 21 June 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 4th Floor Phase II Spencer Plaza No.769 Mount Road Anna Salai, Chennai, Tamil Nadu, India – 600002.
As per the financials filed for FY 2016, the company reported a revenue of ₹606.43 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹80.36 Cr (net margin 13.3%) and EBITDA of ₹394.27 Cr (EBITDA margin 65%).
As per MCA filings, the company had satisfied charges of ₹5,410.8 Cr on record. Court records list 32 cases involving the company, including 25 filed by the company and 7 filed against it. The company has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 acquisitions); the latest was in June 2016. Its 4 peer companies in the BFSI industry (Finance, Micro Finance, NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 2 smaller; the largest is Capital India Finance Limited with revenue of ₹618.71 Cr.
The last known website on record is equitas.in.
Company details
CIN history
Equitas Micro Finance has one previous CIN (Corporate Identification Number): U65993TN1994PTC028002. The current CIN is U65993TN1994PLC028002, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993TN1994PLC028002 | Current |
| U65993TN1994PTC028002 | Previous |
Contact details
Equitas Micro Finance 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 Address4th Floor Phase II Spencer Plaza No.769 Mount Road Anna Salai, Chennai, Tamil Nadu, India – 600002
- IndustryFinancial Services, NBFC, Microfinance Institutions
To see the full contact details of Equitas Micro Finance 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
Business activity
The main business activity of Equitas Micro Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Equitas Micro Finance Limited, buy the company report.
Financials of Equitas Micro Finance Limited
FY 2016 filings availableEquitas Micro Finance Limited reported revenue of ₹606.43 Cr (up 38% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 38% in the latest year. EBITDA rose 34% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹606.43 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹394.27 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹80.36 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 65% | |
| Net Profit Margin | 13.3% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Equitas Micro Finance Limited, buy the company report.
Board of directors and KMP of Equitas Micro Finance Limited
Equitas Micro Finance Limited currently reports 7 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundaram Ramakrishnan Also directs: Jindal Fincap Limited | Nominee Director | 05 Nov 2015 | 11 Years 0 Months | As last reported |
| Harathy Kasthury Narasimma Raghavan Also directs: Kissan Agri Mall Private Limited, Sampathi Credits Private Limited, Growxcd Finance Private Limited and 1 more | Ceo | 04 Feb 2015 | 11 Years 9 Months | As last reported |
| Arun Ramanathan | Director | 17 Feb 2012 | 14 Years 8 Months | As last reported |
| Yogesh Nanda Chand | Director | 17 Feb 2012 | 14 Years 8 Months | As last reported |
| Arun Kumar Verma | Director | 08 May 2012 | 14 Years 6 Months | As last reported |
| Narasimhan Srinivasan Also directs: Samunnati Finance Private Limited, Wotr Consulting Forum | Director | 17 Feb 2012 | 14 Years 8 Months | As last reported |
Peer comparison
Equitas Micro Finance Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Finance, Micro Finance, NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Capital India Finance Limited | ₹618.71 Cr (FY 2025) | -10.0% | New Delhi, Delhi, India | |||
| Bhanix Finance and Investment Limited | ₹606.8 Cr (FY 2024) | 15.0% | Mumbai, Maharashtra, India | |||
| Equitas Micro Finance Limitedthis company | ₹606.43 Cr (FY 2016) | ₹80.36 Cr | 13.3% | 38.0% | Chennai, Tamil Nadu, India | |
| Rani Leasings & Finance Private Limited | ₹598.2 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Bajaj Sevashram Private Limited | ₹594.56 Cr (FY 2018) | 130.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Equitas Micro Finance Limited, buy the company report.
Auditor
Equitas Micro Finance Limited is audited by Deloitte Haskins & Sells for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2016 |
Shareholding
The shareholding of Equitas Micro Finance Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Equitas Micro Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 2016 | 100047250 | Others | ₹60 Cr | Satisfied | |
| 31 Aug 2016 | 100047123 | Standard Chartered Bank | ₹202.8 Cr | Satisfied | |
| 18 Aug 2016 | 100046971 | Tata Capital Financial Services Limited | ₹50 Cr | Satisfied | |
| 10 Aug 2016 | 100045252 | Others | ₹100 Cr | Satisfied | |
| 28 Jul 2016 | 100043339 | Axis Bank Limited | ₹250 Cr | Satisfied |
To see the full charge records of Equitas Micro Finance Limited, buy the company report.
Total charge records: 105 View all charges
Deals & funding
Equitas Micro Finance Limited has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 acquisitions); the latest was in June 2016.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Rights issue | ₹288 Cr | Investors: Equitas Holdings Limited |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Equitas Holdings Limited |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Equitas Holdings Limited |
| Mar 2013 | Rights issue | ₹24.95 Cr | Investors: Equitas Holdings Limited |
| Jun 2012 | Secondary share transfer | Undisclosed | Buyer: Equitas Holdings Limited , an individual Seller: Equitas Micro Finance Limited , 3 individuals |
To see the full deal history of Equitas Micro Finance 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 Micro Finance Limited has 32 court cases on record: 25 filed by Equitas Micro Finance, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 7 | 0 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Satara, Maharashtra | Arbitration matter | Filed against the company by Axis Bank Ltd. Reg. Office at Trishul | Disposed |
| District court, Satara, Maharashtra | Court case (Reg Dkst) | Filed against the company by Axis Bank Ltd. Reg. Office at Trishul | Disposed |
| Bombay High Court | Company petition | Filed by the company against Cable Corporation of India Ltd. Cin No. L31300mh1657plc010964 | Disposed |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by State Governments | Disposed |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Equitas Micro Finance 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 Micro Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Equitas Micro Finance Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Equitas Micro Finance has 7 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Equitas Micro Finance Limited, buy the company report.
Recent activity
Equitas Micro Finance Limited has 26 board changes on record since 2011: 8 appointments and 18 cessations. The latest: Janakiraman Mandalapu ceased to be Nominee Director on 13 May 2016.
228 earlier events are in the company report.
News
Frequently asked questions
Equitas Micro Finance 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 Micro Finance was a public limited company based in Chennai, Tamil Nadu, India. The company worked in nbfc, within the financial services industry. It was incorporated on 07 July 1994 and is registered under CIN U65993TN1994PLC028002. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Equitas Micro Finance was incorporated on 07 July 1994. It is registered with the Registrar of Companies, Chennai.
Equitas Micro Finance had 8 directors and KMP:
- Sundaram Ramakrishnan - Nominee Director
- Arun Ramanathan - Director
- Yogesh Nanda Chand - Director
- Arun Kumar Verma - Director
- Narasimhan Srinivasan - Director
- Chitra Chandramouliswaran - Director
- Sampath Bahukudumbi Pillapakkam - Director
- Harathy Kasthury Narasimma Raghavan - Ceo
The CIN (Corporate Identification Number) of Equitas Micro Finance is U65993TN1994PLC028002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Equitas Micro Finance is at 4th Floor Phase II Spencer Plaza No.769 Mount Road Anna Salai, Chennai, Tamil Nadu, India – 600002.
Equitas Micro Finance can be reached through the website equitas.in. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Equitas Micro Finance on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 21 June 2016. Year-wise statements from 2015 are in the company report.
No. Equitas Micro Finance has 7 GST registrations on record and all of them are cancelled or inactive.
Equitas Micro Finance operated in the financial services industry, in the nbfc segment.
Equitas Micro Finance has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 acquisitions); the latest was in June 2016.
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