Equitas Holdings (Chennai):

Equitas Holdings Limited was founded by Mr. P N Vasudevan (Managing Director). The company was formed for the purpose of extending micro credit to people who are otherwise unable to access finance from the mainstream banking channels. The alternate source for such people normally is the private money lenders whose rates of interest ranges anywhere from 30 percent to upwards of 100 percent.

The main objective of the company is to make available finance at reasonable cost and in a transparent manner to such customers and aim to achieve acceptable returns on investment so that we can continuously attract mainstream capital and human resources to better serve the chosen client segments.

Payment Banks:

Aditya Birla Nuvo (Mumbai):

Aditya Birla Nuvo has continued to strengthen its leadership position in the core businesses, while exiting from the sub scale businesses and unlocking value for the shareholders.  Aditya Birla Financial Services ranks among top 5 fund managers in India, with an AUM of U.S.$ 27.5 billion as on 31st March, 2015,  having an annual revenue size of over U.S.$ 1.3 billion (2014-15). Trusted by 6 million customers and anchored by 10,700 employees, it has a created a nationwide presence.

Read More: India Favours Pooling of Safety Regulators for South Asian Region

India Trumps China, U.S. In Wooing FDI During H1 FY16: Report