Equitas Small Finance Bank Limited

BSE: 543243 NSE: EQUITASBNK
Equitas Small Finance Bank Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN L65191TN1993PLC025280 Incorporated 21 June 1993 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Listed - NSE: EQUITASBNK · BSE: 543243 Public Limited Company financial services Fortune India 500 · #343
Data last updated
Market Cap
₹6,391 Cr
EQUITASBNK · NSE
Share Price
₹56.10
+0.43% today
Revenue
₹4,465 Cr
FY 2025-26 · +7.2% YoY
Net Profit
₹103 Cr
FY 2025-26 · -29.9% YoY
P/E (TTM)
8.9x
P/B 1.0x
ROE
1.7%
as on 08 Nov 2026
Authorised capital
₹1,700 Cr
Registered with MCA
Paid-up capital
₹1,144.13 Cr
Issued & subscribed

About Equitas Small Finance Bank Limited

Data last updated:

Equitas Small Finance Bank Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Equitas Holdings Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 21 June 1993 and has been in existence for over 33 years.

Equitas Small Finance Bank is ranked #343 on the Fortune India 500 (2025).

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L65191TN1993PLC025280. Its GSTIN is 33AAACV2544H1ZL (Tamil Nadu). The company holds 21 GST registrations, of which 18 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543243 and NSE: EQUITASBNK.

The company has an authorised share capital of ₹1,700 Cr and a paid-up capital of ₹1,144.13 Cr. It was formerly known as V.A.P. Finance Limited and Equitas Finance Limited. It is led by directors including Vasudevan Pathangi Narasimhan (Managing Director) and Balaji Nuthalapadi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 09 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 4th Floor Phase II Spencer Plaza No.769 Mount Road Anna Salai, Chennai, Tamil Nadu, India – 600002.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹4,464.72 Cr, a growth of 7.2% compared to the previous year. For the same year it recorded a net profit of ₹103.09 Cr (net margin 2.3%). The net worth stands at ₹6,124.83 Cr (up 0.9% YoY). Total assets are valued at ₹60,629 Cr (up 14.7% YoY).

The company has about 22,248 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Equitas Small Finance Bank. As per MCA filings, the company has satisfied charges of ₹5,450.18 Cr on record. Court records list 63,286 cases involving the company, including 61,456 filed by the company and 1,832 filed against it; 14,707 cases are pending. The company has 14 deals on record (6 funding rounds, 4 secondary share transfers, 2 market trades), with disclosed funding of ₹1,062.93 Cr; the latest was in January 2024. Its 3 peer companies in the BFSI industry (Finance, Micro Finance), with the same principal business activity (banking activities by central, commercial and saving banks) are compared by revenue, 1 larger and 2 smaller; the largest is Ujjivan Small Finance Bank Limited with revenue of ₹15.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website equitasbank.com.

Company details

CIN L65191TN1993PLC025280
Registration Number 025280
Incorporation Date 21 June 1993
ROC Chennai
Listing Status Listed - Listed on NSE (EQUITASBNK); Listed on BSE (543243)
Company Status Active
Date of Last AGM 09 September 2026
Date of Balance Sheet 31 March 2026
Parent Company Equitas Holdings Limited
Compliance Status Active Compliant

Name history

Equitas Small Finance Bank has undergone 5 name changes throughout its history. The current legal name is Equitas Small Finance Bank Limited.

Company NameStatus
Equitas Small Finance Bank LimitedCurrent
V.A.P. Finance LimitedPrevious
Equitas Finance LimitedPrevious
V.A.P. Finance Private LimitedPrevious
Equitas Finance Private LimitedPrevious

CIN history

Equitas Small Finance Bank has one previous CIN (Corporate Identification Number): U65191TN1993PLC025280. The current CIN is L65191TN1993PLC025280, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L65191TN1993PLC025280Current
U65191TN1993PLC025280Previous
Key People
Vasudevan Pathangi Narasimhan Managing Director Balaji Nuthalapadi Whole-Time Director Asuri Ramesh Sholinghur Director

Recognitions & Rankings of Equitas Small Finance Bank

Fortune India 500 2025 edition
Rank#343
Total income
₹7,223 Cr
Profit
₹147 Cr
Last year #354
India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#372
Valuation
₹10,247 Cr
2021 #402

Contact details

Equitas Small Finance Bank Limited's registered office is in Chennai, Tamil Nadu. Its website is equitasbank.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    equitasbank.com
  • Registered Address
    4th Floor Phase II Spencer Plaza No.769 Mount Road Anna Salai, Chennai, Tamil Nadu, India – 600002
  • Industry
    Financial Services, Diversified Financial Services

To see the full contact details of Equitas Small Finance Bank Limited, buy the company report.

Comprehensive company report
Equitas Small Finance Bank Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Equitas Small Finance Bank operates one associated brand: Equitas Small Finance Bank. Each brand links to its own profile.

BrandDescriptionWebsite
Equitas Small Finance Bank
Small finance bankequitasbank.com

Business activity

The main business activity of Equitas Small Finance Bank is financial and insurance service. In detail, this covers banking activities by central, commercial and saving banks.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK1Banking activities by Central, Commercial and Saving banks

To see the full business activity and turnover split of Equitas Small Finance Bank Limited, buy the company report.

Financials of Equitas Small Finance Bank Limited

FY 2025-26 filings available

Equitas Small Finance Bank Limited reported revenue of ₹4,464.72 Cr (up 7.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹4,465 Cr
+7.2% YoY
EBITDA
-
Profit After Tax
₹103 Cr
-29.9% YoY
Net Worth
₹6,125 Cr
+0.9% YoY
Total Assets
₹60,629 Cr
+14.7% YoY
Total Debt
₹52,306 Cr
+15.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,4654,1633,8783,2142,5762,2161,778
Revenue growth+7.2%+7.3%+20.7%+24.8%+16.3%+24.7%-
Profit before tax1281991,063769378511377
Net profit103147799574281384244
Balance sheet
Total assets60,62952,85945,31934,96826,95524,71319,298
Net worth6,1256,0735,9695,1584,2463,3962,744
Total debt52,30645,23937,91728,32221,56720,55715,923
Cash & bank5,6665,5363,5791,2442,1333,3792,537
Cash flow
Cash from operations(3,316)1,9373,834(998)1592,044440
Cash from investing(185)(239)(360)49.30(89.09)(42.80)(71.73)
Cash from financing3,641259(1,210)60.11(1,317)(1,154)908
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,3171,2851,2441,1411,0031,0771,0551,057
Revenue growth (YoY)+31.4%+19.2%+17.9%+8.0%-3.7%+6.7%--
Other income292255263289229292225238
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax28724427811433.54(297)53.2989.74
Tax69.3460.4665.6723.709.40(73.72)11.1823.44
Net profit21818421390.0224.14(224)42.1166.30

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,3171,2851,2441,1411,0031,0771,0551,057
Revenue growth (YoY)+31.4%+19.2%+17.9%+8.0%-3.7%+6.7%--
Other income292255263289229292225238
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax28724427811433.54(297)53.2989.74
Tax69.3460.4665.6723.709.40(73.72)11.1823.44
Net profit21818421390.0224.14(224)42.1166.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,4654,1633,8783,2142,5762,2161,778
Revenue growth+7.2%+7.3%+20.7%+24.8%+16.3%+24.7%-
Other income1,074911799670538418282
Depreciation16714813484.5475.2876.4396.45
Profit before tax1281991,063769378511377
Tax25.0551.8026419597.38127133
Net profit103147799574281384244
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital1,1411,1401,1351,1111,2521,1391,053
Reserves & surplus4,9844,9334,8344,0472,9942,2571,691
Shareholders' funds (net worth)6,1256,0735,9695,1584,2463,3962,744
Secured loans5,7732,1371,7882,9742,6164,1655,135
Unsecured loans46,53343,10236,12925,34818,95116,39210,788
Total debt52,30645,23937,91728,32221,56720,55715,923
Total liabilities60,62952,85945,31934,96826,95524,71319,298
Assets
Investments10,1499,2899,0656,6654,4503,7052,343
Cash & bank balances5,6665,5363,5791,2442,1333,3792,537
Loans & advances1,3471,1301,106882798596478
Total assets60,62952,85945,31934,96826,95524,71319,298
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash5,4653,5081,2442,1333,3792,5311,255
Net cash from operating activities(3,316)1,9373,834(998)1592,044440
Net cash from investing activities(185)(239)(360)49.30(89.09)(42.80)(71.73)
Net cash from financing activities3,641259(1,210)60.11(1,317)(1,154)908
Net change in cash1401,9572,264(888)(1,246)8471,276
Closing cash5,6665,5363,5791,2442,1333,3792,537
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.2%+7.3%+20.7%+24.8%+16.3%+24.7%-
Net income growth-29.9%-81.6%+39.3%+104.3%-26.9%+57.7%-
Profitability & leverage
Return on net worth+1.7%+2.4%+14.4%+12.2%+7.4%+12.5%+9.8%
Efficiency & per share
EPS (₹)0.901.297.045.162.243.372.31
Dividend per share (₹)0.001.001.001.000.000.000.00

To see the full year-wise statements and ratios of Equitas Small Finance Bank Limited, buy the company report.

Board of directors of Equitas Small Finance Bank Limited

Equitas Small Finance Bank has 10 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vasudevan Pathangi NarasimhanManaging Director21 Mar 201115 Years 7 MonthsCurrent
Asuri Ramesh Sholinghur
Also directs: Sumedha Fiscal Services Ltd, Sundaram Trustee Company Limited, Omkara Assets Reconstruction Private Limited
Director09 Nov 20206 Years 0 MonthsCurrent
Geeta Dutta Goel
Also directs: Home First Finance Company India Limited, Niva Bupa Health Insurance Company Limited, Ciie Initiatives and 3 more
Director27 Dec 20214 Years 10 MonthsCurrent
Navin Puri
Also directs: Aditya Birla Sun Life Amc Limited, Aditya Birla Health Insurance Co. Limited, Bandhan Life Insurance Limited
Director22 Nov 20196 Years 11 MonthsCurrent
Balaji NuthalapadiWhole-Time Director28 Mar 20251 Years 7 MonthsCurrent
Ramkumar Krishnaswamy
Also directs: Kautilya Leadership Centre Private Limited
Director16 Jul 20242 Years 3 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Peer comparison

Equitas Small Finance Bank Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Finance, Micro Finance), with the same principal business activity (banking activities by central, commercial and saving banks), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Equitas Small Finance Bank Limitedthis company₹4,464.72 Cr (FY 2026)₹103.09 Cr2.3%7.2%22,248Chennai, Tamil Nadu, India
Ujjivan Small Finance Bank Limited₹15 (FY 2025)-100.0%Bengaluru, Karnataka, India
Au Small Finance Bank Limited₹15 (FY 2025)-100.0%Jaipur, Rajasthan, India
Bandhan Bank Limited₹15 (FY 2025)-100.0%Kolkata, West Bengal, India

To see the full peer comparison of Equitas Small Finance Bank Limited, buy the company report.

Auditor

Equitas Small Finance Bank Limited is audited by VARMA & VARMA for the financial year 2023.

Auditor firmFinancial yearFirm registration number
VARMA & VARMAFY 2023004532S

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 15.70%, domestic institutional investors hold 51.30% and retail and other public shareholders hold 33.00%.

DII (Domestic Institutional): 51.30%FII (Foreign Institutional): 15.70%Retail & Others: 33.00%
Sep 2026
QUARTER
51.30% DII (Domestic Institutional)
15.70% FII (Foreign Institutional)
33.00% Retail & Others
Public holding - history
Now 100.00% · Sep 2026High 100.00% · Dec 2025Low 100.00% · Dec 2025
99%99.3%99.5%99.8%100%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 100.00%Mar 2026: 100.00%Jun 2026: 100.00%Sep 2026: 100.00%100.00%100.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters0.00%0.00%0.00%0.00%
Public100.00%100.00%100.00%100.00%

Charges & borrowings

Open charges
None
Satisfied charges
₹5,450.18 Cr
Breakdown by lending institutions
Others₹1,237.67 Cr
Idbi Trusteeship Services Limited₹729.00 Cr
State Bank of India₹627.00 Cr
Small Industries Development Bank of India₹450.00 Cr
Hdfc Bank Limited₹210.00 Cr
Others₹2,196.51 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
02 Jan 2017100073913Others₹250 CrSatisfied
30 Aug 2016100046909Others₹300 CrSatisfied
30 Aug 2016100046925Others₹300 CrSatisfied
20 Aug 2016100045737Others₹25 CrSatisfied
19 Jul 2016100041058Others₹50 CrSatisfied

To see the full charge records of Equitas Small Finance Bank Limited, buy the company report.

Total charge records: 126 View all charges

Deals & funding

Equitas Small Finance Bank Limited has 14 deals on record (6 funding rounds, 4 secondary share transfers, 2 market trades), with disclosed funding of ₹1,062.93 Cr; the latest was in January 2024.

Total deals
14
Funding rounds
6
Secondary share transfers
4
Market trades
2
IPO
1
Disclosed funding
₹1,062.93 Cr

Deals on record (5 of 14)

WhenDealAmountParties
Oct 2020IPO₹517.6 CrInvestors: Public Investors, Franklin India, 2 individuals
Seller: Equitas Holdings Limited
Jul 2016Funding round₹288 CrInvestors: Equitas Holdings Limited
Jun 2016Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Equitas Holdings Limited
Nov 2014Funding round₹299.88 CrInvestors: Equitas Holdings Limited
Dec 2013Funding round₹124.94 CrInvestors: Equitas Holdings Limited

To see the full deal history of Equitas Small Finance Bank Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Equitas Small Finance Bank Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Equitas Small Finance Bank Limited has a workforce of 22,248 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.

Employee count
22,248
Active EPFO establishments
1
Employee growth
12.34%

GST

Equitas Small Finance Bank has 21 GST registrations: 18 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
21
Active
18
Cancelled / inactive
3
GSTINStateStatusRegistered on
33AAACV2544H1ZLTamil NaduActive01 Jul 2017
03AAACV2544H1ZOPunjabActive01 Jul 2017
04AAACV2544H1ZMChandigarhActive01 Jul 2017
06AAACV2544H1ZIHaryanaActive01 Jul 2017

To see the full GST registrations and return filing status of Equitas Small Finance Bank Limited, buy the company report.

Recent activity

Equitas Small Finance Bank Limited has 74 board changes on record since 1993: 42 appointments and 32 cessations. The latest: Balaji Nuthalapadi was appointed as Whole-Time Director on 28 Mar 2025.

AGM
Equitas Small Finance Bank Limited last Annual general meeting of members was held on 09 Sep 2026 as per latest MCA records.
Filing
Equitas Small Finance Bank Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chennai.
Appointed
Balaji Nuthalapadi was appointed as Whole-Time Director.
Ceased
Narayanaswamy Balakrishnan ceased to be Director.
Ceased
Arun Kumar Verma ceased to be Director.
Ceased
Vinod Kumar Sharma ceased to be Director.
Ceased
Narasimhan Srinivasan ceased to be Director.
Appointed
Keezhayur Sowrirajan Sampath was appointed as Director.
Appointed
Narayanan Rajagopalan Nadadur was appointed as Director.
Appointed
Ramkumar Krishnaswamy was appointed as Director.
Appointed
Anil Kumar Sharma was appointed as Director.
Ceased
Arun Ramanathan ceased to be Director.

326 earlier events are in the company report.

News

Equitas Small Finance Bank: P. N. Vasudevan Announces His Resignation as MD & CEO After Ongoing Issues for 2-3 Years, Stating It's Not an Overnight Choice; Clarifies There Is No Conflict of Interest, Just a Misperception.
30 Oct 2026 · Exchange Update
EQUITASBNK: Q2 SL NET PROFIT 2.2B RUPEES VS 241M (YOY)
29 Oct 2026 · Exchange Update
EQUITASBNK: Q2 GNPA 2.29% VS 2.42% (QOQ); Q2 NNPA 0.70% VS 0.71% (QOQ)
29 Oct 2026 · Exchange Update
Equitas Small Finance Bank: Co's CEO MD Vasudevan Plans to Step Down.
29 Oct 2026 · Exchange Update
Equitas Small Finance Bank: Co Reports 29.58% Increase in Gross Advances Yearly and 19.03% Rise in Total Deposits Yearly, Sold NPAs Worth 1.1 Billion Rupees to Asset Reconstruction Company This Quarter.
02 Oct 2026 · Exchange Update
Equitas Small Finance Bank: Seeks Decrease In GST Demand From ₹533.81 Crore To ₹23.95 Crore.
29 Sep 2026 · Exchange Update

Frequently asked questions

Equitas Small Finance Bank is an active public limited company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 21 June 1993 (33+ years old) and is registered under CIN L65191TN1993PLC025280. Listed on BSE: 543243 and NSE: EQUITASBNK.

Equitas Small Finance Bank reported revenue of ₹4,464.72 Cr for FY 2025-26 (up 7.2% YoY) based on standalone financials.

Equitas Small Finance Bank has 10 current directors:

The latest financial statements of Equitas Small Finance Bank on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 09 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Equitas Small Finance Bank is 33AAACV2544H1ZL, registered in Tamil Nadu. The company has 21 GST registrations in all, of which 18 are active and 3 are cancelled or inactive. Other active GSTINs include 03AAACV2544H1ZO (Punjab), 04AAACV2544H1ZM (Chandigarh), 06AAACV2544H1ZI (Haryana).

The CIN (Corporate Identification Number) of Equitas Small Finance Bank is L65191TN1993PLC025280. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Equitas Small Finance Bank is a listed company as per MCA records. Its shares are listed on both BSE (code: 543243) and NSE (symbol: EQUITASBNK).

Equitas Small Finance Bank has 63,286 court cases on record: 61,456 filed by the company and 1,832 filed against it. 14,707 are pending. Most are in the district courts.

Equitas Small Finance Bank was incorporated on 21 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chennai.

Equitas Small Finance Bank has 14 deals on record (6 funding rounds, 4 secondary share transfers, 2 market trades), with disclosed funding of ₹1,062.93 Cr; the latest was in January 2024.

The peers of Equitas Small Finance Bank by revenue are Ujjivan Small Finance Bank Limited, Au Small Finance Bank Limited, Bandhan Bank Limited, all in the BFSI industry (Finance, Micro Finance), with the same principal business activity (banking activities by central, commercial and saving banks).