About Axis Bank
Axis Bank is a company based in Mumbai (India) founded in 1993.. The company has 104,450 employees as of March 31, 2024. Axis Bank has completed 2 acquisitions, including FreeCharge and Trident Microfin. Axis Bank operates in a competitive market with competitors including Bandhan Bank, HDFC Bank, RBL Bank, Yes Bank and Kotak Mahindra Bank, among others.
- Headquarter Mumbai, India
- Employees 104450 as on 31 Mar, 2024
- Stage Public
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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
*********
- Legal Name Axis Bank Limited
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Annual Revenue
$18.11 B (USD)12.32as on Mar 31, 2024
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Net Profit
$3.28 B (USD)6.33as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Latest Funding Round
$1.33 B (USD), Post-IPO
Jul 02, 2020
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Investors
Fidelity Investments
& 11 more
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Employee Count
104450
as on Mar 31, 2024
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Investments & Acquisitions
FreeCharge
& 1 more
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IPO & Listings of Axis Bank
Axis Bank is a publicly listed company on the NSE with ticker symbol AXISBANK in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
104 people
Software Development Team
66 people
Sales and Marketing
60 people
Senior Team
13 people
Operations Team
12 people
Branch Team
10 people
Product Management Team
8 people
Human Resources and Administration
8 people
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Funding Insights of Axis Bank
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $1.3B
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First Round
First Round
(21 Nov 2014)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Post-IPO - Axis Bank | Valuation |
investors |
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| Sep, 2019 | Amount | Post-IPO - Axis Bank | Valuation |
investors |
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| Oct, 2018 | Amount | Debt – Conventional - Axis Bank | Valuation |
investors |
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| 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 |
Investors in Axis Bank
Axis Bank has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidelity Investments, Goldman Sachs and Kotak Mahindra Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Private investment firm managing assets and expanding into equity, credit, and real estate services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Axis Bank
Axis Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include FreeCharge and Trident Microfin. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital wallet services for bill payments and recharges are facilitated.
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2010 | ||||
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Micro loans and insurance for the low-income individuals and enterprises in Andhra Pradesh, India
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Axis 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 |
Axis Bank Comparisons
Competitors of Axis Bank
Axis Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bandhan Bank, HDFC Bank, RBL Bank, Yes Bank and Kotak Mahindra Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personal and business banking services are offered to underbanked markets.
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| domain | founded_year | HQ Location |
Commercial and personal banking services are offered by HDFC Bank.
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| domain | founded_year | HQ Location |
Commercial banking services for personal and business needs are provided.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to corporate and retail customers.
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| 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 Axis Bank
Frequently Asked Questions about Axis Bank
When was Axis Bank founded?
Axis Bank was founded in 1993 and raised its 1st funding round 21 years after it was founded.
Where is Axis Bank located?
Axis Bank is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Axis Bank?
Chirag Negandhi is the current CEO of Axis Bank.
How many employees does Axis Bank have?
As of Mar 31, 2024, the latest employee count at Axis Bank is 104,450.
What is the annual revenue of Axis Bank?
Annual revenue of Axis Bank is $18.11B as on Mar 31, 2024.
What does Axis Bank do?
Axis Bank was founded in 1993 and is headquartered in Mumbai, India, within the banking sector. Operations encompass retail banking, corporate banking, digital platforms, mutual funds, demat and trading accounts, and insurance products. International presence is maintained through seven offices in Singapore, Hong Kong, DIFC in Dubai, Colombo, Shanghai, Dubai, and Abu Dhabi. In 2022, annual revenues of 13.21 billion and net profit of 1.34 billion were recorded.
Who are the top competitors of Axis Bank?
Axis Bank's top competitors include Yes Bank, RBL Bank and Catholic Syrian Bank.
Is Axis Bank publicly traded?
Yes, Axis Bank is publicly traded on NSE under the ticker symbol AXISBANK.
How many acquisitions has Axis Bank made?
Axis Bank has made 2 acquisitions, including FreeCharge, and Trident Microfin.
Who are Axis Bank's investors?
Axis Bank has 12 investors. Key investors include Fidelity Investments, Goldman Sachs, Kotak Mahindra Bank, ICICI Prudential Life Insurance, and HDFC Life.
What is Axis Bank's ticker symbol?
The ticker symbol of Axis Bank is AXISBANK on NSE.
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