Equifax India is registered as Equifax Credit Information Services Private Limited (ECIS). It is a joint venture between Equifax Inc., USA and seven leading Indian financial institutions - State Bank of India, Bank of Baroda, Bank of India, Kotak Mahindra Prime Limited, Religare Finvest Limited, Sundaram Finance Limited and Union Bank of India. Equifax India aims to provide a broad range of solutions related to credit information, business analytics and risk management for our clients, across India. Equifax India is headquartered in Mumbai and has branch offices in Bangalore and Delhi.
Equifax India was granted its 'Certificate of Registration' on 26th March, 2010 by the Reserve Bank of India (RBI) to establish a credit information company under ‘The Credit Information Companies (Regulation) Act' 2005 (CIC Act). We launched our consumer credit bureau in September 2010 and also launched a separate dedicated bureau to address the growing lending and regulatory needs of the Microfinance Institutions in May 2011. We currently have 200 registered members and are regularly adding new members and data into the bureau.
We collect information from our members, process the data into a readable and usable form and provide credit information reports and other related products on individual consumers for a variety of uses within the purview of the CIC Act. In addition to identification information (as provided by our members) we also provide information on individuals' borrowing and bill paying habits. This helps lenders assess credit worthiness of their borrowers and their ability to pay back a loan if granted.
Backed by our global expertise, our goal is to assist lending institutions manage risk efficiently through a combination of data and robust analytics. The unique insights that we deliver, help lending institutions make better business and credit decisions, using global proprietary tools customized to meet Indian requirements.
We currently have a wide range of products on offer for credit grantors and borrowers - Basic Consumer Information Reports, Enhanced Consumer Information Reports, Microfinance Institution Credit Information Report and Equifax Alerts. To improve the data quality and thereby the quality of the credit information available, data enrichment and cleansing services are also on offer.
We have a highly driven and energetic team in the country with experts and leaders who come from the Banking and Financial services world. With a complete perspective of how credit information gets used in the real world and the expertise of the global team, we are committed to delivering world class products and services that will help lenders make the best business decisions.
Sanjay Patel, Managing Director & CEO
Sanjay has over 22 years of experience in various companies in India, across sectors such as Technology/Software, Research & Advisory, Banking and Financial Services solutions & Engineering. He has held senior leadership position in business development/strategy in the financial services sector.
Prior to joining Equifax, he was Partner and Senior Vice President, India Region at Polaris Financial Technology Limited, where his primary responsibilities were providing leadership in the region and managing sales operations.
Prior to Polaris, he held senior positions at various companies such as Gartner, Datamatics Technologies, GTL, Hexaware Technologies, Larsen & Toubro and Voltas.
He holds an Executive MBA from NMIMS(Mumbai), Graduation in Industrial Engineering from IIIE (Mumbai) and Diploma in Production Engineering from Fr. Agnel Technical College(Mumbai).
Sriram Kalyanaraman, Director - Business & Product Development (ECIS)
Sriram has over 26 years of experience in the Indian Banking and Finance industry and has held a number of leadership positions in some of the top Indian institutions and global banks.
Prior to joining Equifax, Sriram was Director and Head, Business Clients and Asset Products at Deutsche Bank, India where he set up the entire distribution and processes for the asset business. He scaled up the setup for Business Banking and established Trade and Asset Proposition for the bank along with the SME advisory and lending.
Prior to Deutsche Bank, Sriram was with Standard Chartered Bank for 17 years, where he held various key leadership roles across business units - General Manager, Mortgages and Auto Loans Business, Sales Director, Consumer Banking unit where he headed the distribution for Retail Liabilities, Auto Loans, Dealer Funding, Personal Loans, Business Installment Loans, Finance against Shares and Mortgages.
Sriram has also worked with Sundaram Finance Limited in their Corporate Leasing division.
Sriram has a Masters in Business Administration.
Sudarrsan P R, Director - Finance (ECIS)
Sudarrsan comes with more than 17 years of experience in Finance, Accounting, Taxation, Audit, Controllership, Legal and Company Secretaryship.
Prior to joining Equifax India, Sudarrsan was Director – Controllership/Finance at the Walt Disney Company, India/South East Asia between 2004 and 2009, where he supported the launch of TV channels, acquisition/integration of businesses, apart from different roles in Finance/Controllership functions.
Over his career span, he has played various roles in Finance at Netdecisions, Dun and Bradstreet /Moody's Investor Service, Caltex & Crompton Greaves, including starting up Dun & Bradstreet Information Services in India.
A national level rank holder, Sudarrsan is an Associate CWA from The Institute of Cost & Works Accountants Of India (ICWAI), ACA from The Institute of Chartered Accountants of India, ACS from the Institute Of Company Secretaries of India and CPA (from USA), in addition to having a Bachelor of Commerce degree.