Equitas Small Finance Bank Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Equitas Small Finance Bank focuses on providing inclusive banking solutions to underserved and unbanked communities across India. The bank offers a diverse portfolio of financial services, including savings and current accounts, fixed deposits, microfinance, SME loans, and vehicle financing. With a strong emphasis on transparency and customer-centric policies, Equitas aims to bridge the financial gap for individuals and small businesses. It leverages technology-driven solutions to enhance accessibility and convenience for its customers. As part of its social mission, the bank also promotes financial literacy and empowerment initiatives, ensuring broader financial inclusion in India's evolving banking landscape.
Incorporation Year: 1993
Headquarters: Chennai, Tamil Nadu, India
Top Management: PN Vasudevan (Managing Director & CEO)
Industry: BFSI
Website: equitasbank.com
Featured In Fortune India Ranking
Fortune 500 India
#354(2024)
#407(2023)
#384(2022)
#335(2021)
#354(2024)#407(2023)#384(2022)#335(2021)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
6,285
(INR Cr)
Net Operating Income
5,486
(INR Cr)
Assets
45,319
(INR Cr)
Profit
799
(INR Cr)
Net Worth
5,969
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 6285 30.1% | 4831 20.9% | 3997 10.7% | 3612 23.4% | 2928 22.3% | 2395 34.2% | 1784 46.9% | 1214 153.3% | 479 61.7% | 297 125.2% | 132 177.1% | 48 662.9% | 6 31050.0% | 0 - |
| Net Operating Income (INR Cr) | 5486 31.83% | 4162 20.30% | 3460 8.30% | 3194 20.75% | 2645 25.26% | 2112 36.90% | 1543 57.25% | 981 140.35% | 408 37.70% | 296 125.19% | 132 177.29% | 47 664.41% | 6 - | 0 - |
| Profit (INR Cr) | 799 39.3% | 574 104.3% | 281 -26.9% | 384 57.7% | 244 15.7% | 211 561.6% | 32 -69.4% | 104 22.3% | 85 148.7% | 34 116.8% | 16 317.7% | 4 - | -13 - | 0 - |
| Assets (INR Cr) | 45319 29.6% | 34968 29.7% | 26955 9.1% | 24713 28.1% | 19298 22.4% | 15765 18.4% | 13313 44.0% | 9245 298.8% | 2318 34.3% | 1726 95.9% | 881 173.2% | 323 207.1% | 105 1972.6% | 5 - |
| Net Worth (INR Cr) | 5969 15.7% | 5158 21.5% | 4246 25.0% | 3396 23.8% | 2744 21.7% | 2254 10.3% | 2044 1.6% | 2012 183.0% | 711 13.6% | 626 114.5% | 292 93.2% | 151 220.0% | 47 830.6% | 5 0.0% |
| Employee Cost (INR Cr) | 1369 24.8% | 1097 22.1% | 898 13.5% | 791 11.5% | 710 28.8% | 551 7.0% | 515 62.1% | 318 240.3% | 93 48.6% | 63 90.8% | 33 58.9% | 21 79.9% | 12 - | 0 - |
| Interest Cost (INR Cr) | 2407 | 1617 | 1421 | 1396 | 1150 | 965 | 684 | 460 | 159 | 104 | 44 | 15 | 2 | 0 |
| Cash & Bank Balance (INR Cr) | 3579 | 1244 | 2133 | 3379 | 2537 | 1261 | 1211 | 1114 | 101 | 272 | 29 | 43 | 8 | 5 |
| Total Debt (INR Cr) | 37917 | 28322 | 21567 | 20557 | 15923 | 12980 | 10781 | 6700 | 1638 | 1316 | 583 | 199 | 44 | 0 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 12.7% | 11.9% | 7.0% | 10.6% | 8.3% | 8.8% | 1.8% | 8.6% | 17.8% | 11.5% | 12.0% | 8.0% | - | - |
| Profit As % Of Assets | 1.8% | 1.6% | 1.0% | 1.6% | 1.3% | 1.3% | 0.2% | 1.1% | 3.7% | 2.0% | 1.8% | 1.2% | - | - |
| Profit As % Of Networth | 13.4% | 11.1% | 6.6% | 11.3% | 8.9% | 9.3% | 1.6% | 5.2% | 12.0% | 5.5% | 5.4% | 2.5% | - | - |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 14.4% | 12.2% | 7.4% | 12.5% | 9.8% | 9.8% | 1.6% | 7.7% | 12.7% | 7.5% | 7.0% | 2.3% | - | - |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - |