About Bandhan Bank
Bandhan Bank is a company based in Kolkata (India) founded in 2014 by Chandra Shekhar Ghosh.. Bandhan Bank has raised $259.27 million across 1 funding round from investors including IFC Asset Management Company and GIC. The company has 75,030 employees as of March 31, 2024. Bandhan Bank has completed 2 acquisitions, including GRUH Finance and IDFC Asset Management Company. Bandhan Bank operates in a competitive market with competitors including Axis Bank, HDFC Bank, RBL Bank, Yes Bank and Kotak Mahindra Bank, among others.
- Headquarter Kolkata, India
- Employees 75030 as on 31 Mar, 2024
- Founders Chandra Shekhar Ghosh
- 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 Bandhan Bank Ltd.
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Annual Revenue
$2.88 B (USD)18.63as on Mar 31, 2024
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Net Profit
$320.68 M (USD)23.09as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$259.27 M (USD)
in 1 rounds
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Latest Funding Round
$259.27 M (USD), Private Equity Round
Jan 19, 2015
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Investors
IFC Asset Management Company
& 1 more
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Employee Count
75030
as on Mar 31, 2024
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Investments & Acquisitions
GRUH Finance
& 1 more
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IPO & Listings of Bandhan Bank
Bandhan Bank is a publicly listed company on the NSE with ticker symbol BANDHANBNK 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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Software Development Team
69 people
Human Resources and Administration
67 people
Leadership Team
39 people
Branch Team
16 people
Product Management Team
14 people
Head Team
12 people
Legal and Compliance
12 people
Operations Team
11 people
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Funding Insights of Bandhan Bank
Bandhan Bank has successfully raised a total of $259.27M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $259.27 million completed in January 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $259.3M
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First Round
First Round
(19 Jan 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Private Equity Round - Bandhan Bank | Valuation | IFC Asset Management Company , GIC |
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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 Bandhan Bank
Bandhan Bank has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include IFC Asset Management Company and GIC. 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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Capital is mobilized and invested in sustainable emerging market companies.
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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 |
| 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 Bandhan Bank
Bandhan Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include GRUH Finance and IDFC Asset Management Company. 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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Provider of asset management services
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2000 | ||||
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Affordable home loans are provided to Indian customers.
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1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - Bandhan 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 |
Bandhan Bank Comparisons
Competitors of Bandhan Bank
Bandhan 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 Axis 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 |
Provider of a commercial banking services
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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 |
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| 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 Bandhan Bank
Frequently Asked Questions about Bandhan Bank
When was Bandhan Bank founded?
Bandhan Bank was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Bandhan Bank located?
Bandhan Bank is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Who is the current CEO of Bandhan Bank?
Partha Pratim Sengupta is the current CEO of Bandhan Bank.
Is Bandhan Bank a funded company?
Bandhan Bank is a funded company, having raised a total of $259.27M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $259.27M, raised on Jan 19, 2015.
How many employees does Bandhan Bank have?
As of Mar 31, 2024, the latest employee count at Bandhan Bank is 75,030.
What is the annual revenue of Bandhan Bank?
Annual revenue of Bandhan Bank is $2.88B as on Mar 31, 2024.
What does Bandhan Bank do?
Bandhan Bank was established in 2014 in Kolkata, India, as a commercial bank. Operations focus on personal and business banking, digital platforms, and loan products. Financial inclusion is emphasized through services targeting underserved and underbanked populations across India. A network supports widespread access to these banking solutions in various regions.
Who are the top competitors of Bandhan Bank?
Is Bandhan Bank publicly traded?
Yes, Bandhan Bank is publicly traded on NSE under the ticker symbol BANDHANBNK.
How many acquisitions has Bandhan Bank made?
Bandhan Bank has made 2 acquisitions, including GRUH Finance, and IDFC Asset Management Company.
Who are Bandhan Bank's investors?
Bandhan Bank has 2 investors. Key investors include IFC Asset Management Company, and GIC.
What is Bandhan Bank's ticker symbol?
The ticker symbol of Bandhan Bank is BANDHANBNK on NSE.
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