Equifax India

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.

ECIS Equifax also launched a Microfinance bureau in India in 2011, collecting data from hundreds of microfinance lenders and providing a holistic view of the microfinance loans, and where linked, the retail borrowings of a customer.
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.