Equitas Holdings Ltd was incorporated as UPDB Micro Finance Private Limited on June 22, 2007 at Chennai as a private limited company under the Companies Act, 1956. Pursuant to a special resolution passed by the Shareholders on December 17, 2007, the name of the Company was changed to Equitas Micro Finance India Private Limited to convey the principle of fairness and transparency of the Company, and a fresh certificate of incorporation consequent to change of name was issued by the RoC on February 1, 2008. The microfinancebusiness of the Company was demerged into Singhivi pursuant to a Demerger Scheme with effect from April, 1, 2011. Singhivi was later renamed as Equitas Micro Finance Private Limited. Pursuant to the Demerger Scheme, a resolution was passed by the Shareholders on January 30, 2012 and the name of our Company was changed to Equitas Holdings Private Limited and a fresh certificate of incorporation consequent to change of name was issued by the RoC on February 29, 2012. Pursuant to an order issued by the RBI on December 3, 2012, the Company was designated as a Non Systemically Important Core Investment Company and pursuant to the request made by the Company, the certificate of registration as a NBFC under Section 45 IA of the RBI Act was cancelled. Thereafter, pursuant to a special resolution passed by the Shareholders on June 12, 2015, the Company was converted into a public limited company and the name was changed to Equitas Holdings Limited.The RoC issued a fresh certificate of incorporation consequent to change of name on June 18, 2015._x000D_ _x000D_ The company, through its subsidiaries, provides micro finance, used commercial vehicle finance, and housing finance services in India. The company operates through Micro Finance, Other Finance, and Others segments. It engages in extending credit to people who are otherwise unable to access finance from the mainstream banking channels. It also provides finance for the purchase of used commercial vehicles; and housing finance for self-employed and salaried segment of low income households, as well as loans against property, home loans, and home extension loans. _x000D_ _x000D_ In 2015, the company has got In-principle approval for Small Finance Bank pursuant to RBI Letter dated October 7, 2015 under reference DBR.PSBD.NBC (SFB-Equitas). No 4915/ 16.13.216/2015-16._x000D_