Posts Tagged ‘Equitas microfinance’

Microfinance Focus, May 25, 2010: CRISIL has upgraded its rating on Equitas Micro Finance India Pvt. Ltd’s long-term debt instruments to ‘BBB/Stable’ from ’BBB-/Stable’. The upgrade reflects CRISIL’s belief on Equitas’s strong competitive position in the microfinance industry. Equitas reported a profit after tax (PAT) of Rs.228.7 million on a total income Rs.1.24 billion for 2009-10, compared with a PAT Rs.22.1 million on a total ... Full story

By Nagesh Narayana Microfinance Focus, Jan. 27, 2010: The board of Chennai-based Equitas Micro Finance India Pvt. Ltd has approved the sale of 10% stake by Kalpathi Investments to Sequoia in a secondary transaction valued at Rs 44 crore (INR 440 million). Mape Advisory Group acted as adviser for the transaction. Kalpathi will retain a token 0.5% stake in Equitas. This will be Sequoia’s third investment in ... Full story

By Asma Azmi, Assistant Editor -Microfinance Focus Microfinance Focus, Dec. 30, 2009: The year 2009 may go down as the watershed year for the Indian microfinance industry. Marked by strong growth and pioneering deals the industry is riding high, growing at a rapid pace of 100%-200% year-on-year. Attracting attention from mainstream investors, the sector accounted ... Full story

Microfinance Focus, Nov. 30, 2009: P N Vasudevan, Founder and Managing Director of Chennai based Microfinance institution has been chosen for “Start-up Entrepreneur of the Year 2009” in TiECON Chennai 2009. TiECON Chennai 2009 is the TiE Chennai’s annual flagship conference and Tamilnadu’s largest conclave for entrepreneurs was successfully held today at the Chennai Trade Center. This year’s conclave with the theme –“Enterprising India – Creating ... Full story

Microfinance Focus, Oct. 15, 2009: Chennai-based microfinance institution Equitas Micro Finance India Pvt. Ltd, has lined up debt to the tune of Rs 100 crore (Rs.1 billion) from Small Industries Development Bank of India (SIDBI). This is in addition to the earlier sanctioned limit of Rs. 47 crore (Rs.470 million), making a cumulative exposure of Rs 147 crore from SIDBI, which has also increased its ... Full story