About Airtel Payments Bank
Founded in 2017 in Gurugram, India, Airtel Payments Bank functions as an RBI-licensed entity within the payments banking sector. Savings accounts are provided with a maximum balance of INR 1 lakh and an interest rate of 7.25. Partnerships with local merchants enable cash withdrawals, while remittance and bill payment services are also facilitated for customers across the region.
- Headquarter Gurugram, India
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$221.77 M (USD)42as on Mar 31, 2024
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Net Profit
$4.17 M (USD)59as on Mar 31, 2024
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EBITDA
$4.17 M (USD)59as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Funding Insights of Airtel Payments Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Airtel Payments Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Airtel Payments Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Airtel Payments Bank Comparisons
Competitors of Airtel Payments Bank
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Airtel Payments Bank
Frequently Asked Questions about Airtel Payments Bank
When was Airtel Payments Bank founded?
Airtel Payments Bank was founded in 2017.
Where is Airtel Payments Bank located?
Airtel Payments Bank is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Airtel Payments Bank?
Anubrata Biswas is the current CEO of Airtel Payments Bank.
What is the annual revenue of Airtel Payments Bank?
Annual revenue of Airtel Payments Bank is $221.77M as on Mar 31, 2024.
What does Airtel Payments Bank do?
Founded in 2017 in Gurugram, India, Airtel Payments Bank functions as an RBI-licensed entity within the payments banking sector. Savings accounts are provided with a maximum balance of INR 1 lakh and an interest rate of 7.25. Partnerships with local merchants enable cash withdrawals, while remittance and bill payment services are also facilitated for customers across the region.
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