Equitas Holdings Ltd.

Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels.Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding.Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India.Equitas offer a range of financial products and services including:1. MicrofinanceEquitas offers micro loans of Rs 5,000 to Rs 35,000 to its customers. Company is fifth largest microfinance company in India in terms of gross loan portfolio.2. Vehicle FinanceEquitas offers used commercial vehicle finance to customers. Company is among a few NBFCs in India operating in the used commercial vehicle finance business.3. Micro and Small Enterprise (MSE) FinanceEquitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises.4. Housing FinanceEquitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. A majority of itsmicro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record.Equitas Competitive Strengths:1. Robust corporate governance standards and transparent operations leading to institutional confidence and customer goodwill2. Comprehensive understanding and successful track record with underserved customer segment offering significant growth opportunities3. Standardized operating procedures and efficient use of technology resulting in effective risk management and improved efficiencies4. Diversified product offering and markets with significant cross-selling opportunities.5. Experienced management and strong employee engagement6. Commitment to social initiatives

Equitas Holdings Ltd. proposes to utilise the net proceeds from the Issue for the following objects: