Equitas Small Finance Bank Limited

Ashish Dhawan increased his stake in Equitas Small Finance Bank from 4.02% to 4.10%, buying 10 lakh shares (46,870,000 shares total) worth ₹75 crore at ₹75 apiece.

A small finance bank providing comprehensive financial services across microfinance, vehicle finance, housing finance, and SME lending to underserved customers throughout India. Established through the merger of multiple subsidiaries under Equitas Holding Ltd, which began operations in the microfinance sector in 2007 and subsequently diversified into housing and vehicle finance. The bank received its license in September 2016 and operates as a regulated financial institution serving India's retail and small business segments.

Co-founded ChrysCapital, India's largest PE firm, $5 billion+ deployed across 75+ exits in IT, financial services, and pharma, then walked away in 2012 to fund education. His residual listed equity portfolio is ~₹2,910 Cr, heavily concentrated in financial services and healthcare, sectors he knows at institutional depth. Yale and Harvard Business School. Gates Foundation board since 2022. His equity moves reflect conviction from someone who doesn't need to be right, but usually is.