Experian Credit Information Company of India Private Limited, popularly referred to as just Experian, is a commercial financial institution which is jointly operated by a group of companies including Axis Bank Ltd, Federal Bank Limited, Sundaram Finance Limited, VIC Enterprises Private Limited, Punjab National Bank, Indian Bank, Union Bank of India, Magna Fincorp Limited, Indian Bank and GUS Holdings BV (Netherlands).
The company was formed in the year 2006, and in 2010 became the first one to receive license under the Credit Information Companies (Regulation) Act 2005. Ever since its incorporation, Experian quickly made a name for itself and emerged as one of the most innovative companies of the world. It was even recognized by the Forbes Magazine in 2014, in this regard.
Experian provides detailed and comprehensive credit reports of individual borrowers to its member organizations, and the Experian credit score, which is a part of this credit report ranges from 300 points to 900 points. The company has tie-ups with over 2900 financial institutions, micro finance institutions, telecom companies, public sector banks and several nonbanking financial companies.