Equifax is a global information solutions company that uses trusted unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions. Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard& Poor’s (S&P) 500® index and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. With a global legacy of over 117 years in the credit industry, in 2010, Equifax established a presence in India market and was licensed by RBI to operate as a Credit Information Company.
Equifax operates in India through India is registered as Equifax Credit Information Services Private Limited (ECIS) and Equifax Analytics Pvt Ltd . 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.
ECIS 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 and provide various credit information services in accordance with the Credit Information Companies (Regulation) Act, 2005 read with Credit Information Companies Rules, 2006 and Credit Information Companies Regulations, 2006 (hereinafter together referred to as “CICRA”) under ‘The Credit Information Companies (Regulation) Act' 2005 (CIC Act). Over the last 7 years, the credit bureau has grown to thousands of members including banks, NBFC’s, microfinance companies and insurers. These members provide data on demographic and repayment information on millions of Indian consumers.
In 2014, Equifax further grew its footprint in India through acquisition of an analytics firm. EAPL Equifax Analytics is Equifax’s fully owned analytics entity in India, which delivers unparalleled customized solutions that enrich both the performance of businesses and the lives of consumers. 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. EAPLquifax, through the combination of differentiated data it manages, the expertise in advanced analytics it provides, the state of the art industry solutions it develops, and the leading –edge proprietary technology, has the unique capability to offer best-in-class offerings to its clients.