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10 Incredible Milestones 10 Glorious Years
#EquitasTurns10

2007

The Origins

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

2008

Raised first round of capital

Raised Rs 6 crores within a mere 3 months of operations

2008

Highest MFI grading

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

2009

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.

2010

MFI Grading upgraded

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

2011

Second case study by HBS

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

2012

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.

2013

CDC invests $16M

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

2015

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.

2014

Investments by other marque funds

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

2016

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.

2016

R Ashwin, Brand Ambassador

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

2017

10/10

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

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