Today: Jul 22, 2024

EQ India: Exploring fintech, going global, and embracing sustainability

6 months ago

TLDR:

  • EQ India is a fintech company that specializes in shareholder management and pensions business.
  • The company is committed to talent development, with a focus on recruiting bright minds and providing robust training programs.
  • EQ India emphasizes sustainability, with eco-friendly initiatives and a commitment to responsible business practices.
  • The company has ambitious growth plans, aiming to double its workforce and create competency centers in India for global functions.
  • Anand Ramakrishnan, Managing Director of EQ India, highlights the importance of effective leadership in handling growth and building a robust team.

In an exclusive interview with ET Edge Insights, Anand Ramakrishnan, Managing Director of EQ India, shares insights into the company’s operations, growth strategies, talent development initiatives, and commitment to sustainability. EQ India handles the share registry for approximately 37 million shareholders globally and manages a vast 90 billion shareholder records. The company’s responsibilities include facilitating share-related transactions and managing pension businesses.

The Indian unit of EQ India consists of 1,500 colleagues in Bangalore and Chennai, with 50% of the workforce dedicated to managing share registry and pension businesses. Another 30% focus on technology development, as EQ operates as a specialized fintech company. The company emphasizes diversity, with 40% women representation and a workforce predominantly below the age of 30.

EQ India takes a unique approach to technology services in the fintech ecosystem, integrating tailored tech solutions that align with regulatory frameworks and enhance customer service and internal operations. The company collaborates with top technology providers and invests in continuous training for its workforce.

EQ India is actively making eco-friendly changes in India, eliminating single-use plastics and exploring clean energy sources. The company prioritizes Environmental, Social, and Governance (ESG) principles to ensure responsible business practices. EQ India aims to double its workforce and create competency centers in India for global functions like procurement and project management.

Anand Ramakrishnan highlights the importance of effective leadership in handling growth and building a robust team. He emphasizes the need to effectively handle challenges, uncertainties, and competition during periods of growth and to make oneself dispensable as a leader in a fast-paced and specialized growth setting. Building a trustworthy and capable team allows leaders to delegate tasks and focus on broader goals.

Overall, EQ India is a fintech company with global aspirations, a commitment to sustainable practices, and a focus on talent development. Their unique approach to technology services and emphasis on effective leadership position them as leaders in the fintech industry.