Equitas

active

The proposed project envisages an equity investment in Equitas Holdings Private Limited (“Equitas” or the “Company”) which is the holding company for a leading microfinance institution, Singhivi Investment and Finance Private Limited (“Equitas Microfinance”) headquartered in Chennai, India and amongst the top 10 MFIs in India. Equitas Microfinance has a borrower base of 1.2 million across 5 states and 1 union territory including the Low Income States of Rajasthan and Madhya Pradesh. Equitas has also started recently businesses in the areas of affordable housing (“Equitas Housing Finance Private Limited”) and used commercial vehicle financing (“Equitas Finance Private Limited”) to cater to the relatively unbanked population in these financial services segments with a view towards financial inclusion. Equitas is widely acknowledged for following best practices in responsible financing and corporate governance. Equitas also has a strong focus on using technology and process innovation to increase operational efficiency through implementation of a scalable system for IT infrastructure. The proposed project intends to help Equitas fund its geographical expansion, scale up new businesses and meet its regulatory capital adequacy requirements for the next 3-5 years