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10 Incredible Milestones 10 Glorious Years


The Origins

Equitas Micro Finance India was founded in the year 2007 by P.N Vasudevan.


Raised first round of capital

Raised Rs 6 crores within a mere 3 months of operations


Highest MFI grading

Received a grading of mfR4 from CRISIL. Highest grading for a startup at that time.


Harvard Business case study

P.N Vasudevan, MD , Equitas was awarded the TiECON 2009, the annual flagship event of TiE Chennai for winning the Startup of the Year for Equitas.


MFI Grading upgraded

MFI Grading upgraded to mfR2 in June 2010 and raised an impressive Rs 138 crs fresh equity.


Second case study by HBS

Harvard Business School writes a follow-on second case study on Equitas, which is a rarity for HBS


IFC Invests and Equitas AUM crosses 1000 cr milestone

IFC Washington, an arm of the World Bank invests about Rs. 100 Cr in the equity of Equitas. Also, Equitas’ gross AUM crosses Rs. 1000 crores.


CDC invests $16M

CDC, which is the investment arm of the UK Government, invests over Rs. 100 Cr in the equity of Equitas


Customer base soars to 2.5M

In March 2015, Equitas reaches an impressive 2.5 million customers with a strong presence in rural and urban areas.


Investments by other marque funds

The German Government fund DEG and Netherland Government fund, FMO invest in the equity of the Company


Small Finance Bank Launched

Equitas bank commences operations from 5th September 2016. It is the first Small Finance Bank to commence operations post conversion and was donein record time of less than 12 months.


R Ashwin, Brand Ambassador

ICC Cricketer of the yearR. Ashwin, appointed as the official brand ambassador for Equitas Small Finance Bank.



Equitas completes 10 years in the business as one of the leading microfinance institutions in the country.

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