About Bandhan Mutual Fund
Bandhan Mutual Fund is a Technology company based in Kolkata (India) founded in 2001. Largest microfinance institution in India. Bandhan Mutual Fund has raised $212.17 million across 4 funding rounds from investors including International Finance Corporation, SIDBI and GIC. The company has 4 employees. Bandhan Mutual Fund was last valued at $707.05 million in May 2015. Its chief executive, as recorded, is Chandra Shekhar Ghosh. Its Indian entity Bandhan Financial Services Limited reported revenue of ₹2,181 Cr. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Financial Planners and Advisors. Its competitors include Dezerv, Wealthy and ASK Group; 3 of its 3 listed competitors have raised funding.
Company details
Bandhan is the largest miocrofinance institution in India with 20 market share and presence across 22 states and union territories. It has a network of 2,000 branches and has disbursed loans to more than 5.8 million customers. Its outstanding loans stand at Rs. 7,810 crores. It works with women who are socially disadvantaged and economically exploited, for their social and economic upliftment. It provides collateral free micro loans in the range of Rs. 1,000-Rs. 10,000 for health, education and general purposes. It also provides loans for fisheries and other micro enterprises. It started off as an NGO in 2001 and obtained an NBFC license later. In 2014, RBI granted a preliminary license to Bandhan for starting a bank in India. The recent funding from GIC and IFC will be used to establish 600 bank branches across 27 states in India, with 50 branches in rural areas. On August 23, 2015, Bandhan launched its bank Bandhan Bank with 501 branches, 2022 service centres and 50 ATMs across 24 states.
- Headquarters Kolkata, India
- Employees 4
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website bandhanmf.com
- Social LinkedIn Facebook
- Legal Name Bandhan Financial Services Limited
- Date of Incorporation 03 Aug, 1995
- Jurisdiction 24 Parganas, West Bengal, India
- Annual Revenue₹2,181 Cr
FY 2026 · -12% YoY
- Net Profit₹54.08 Cr
FY 2026 · 2% margin
- Total Equity Funding$212.17M (USD)
in 4 rounds
- Latest Funding Round$159.68M (USD), Series D
May 2015
- InvestorsInternational Finance Corporation
& 5 more
- Employee Count4
Associated legal entities of Bandhan Mutual Fund
Bandhan Mutual Fund is associated with 2 registered companies on The Company Check; the primary company is Bandhan Financial Services Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bandhan Financial Services Limited CIN U70101WB1995PLC073339 | Active | 03 Aug 1995 | Kolkata, West Bengal | ₹2,181 Cr | 4 | 12 | View details |
| Bandhan Financial Holdings Limited CIN U67190WB2014PLC204317 | Active | 17 Nov 2014 | Kolkata, West Bengal | ₹106 Cr | 10 | View details |
Funding Insights of Bandhan Mutual Fund
Bandhan Mutual Fund has successfully raised a total of $212.17M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $159.68 million completed in May 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 $212.17M
- Total Rounds 4
- Last Round Series D — $159.68M
- First Round $23.4M
(Dec 2009)
- Investors Count 6
All 4 funding rounds of Bandhan Mutual Fund with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| May 2015 | $707.05M | •••••••• |
| Sep 2011 | $197.6M | •••••••• |
| Dec 2009 | $••••• | •••••••• |
Full valuation and stage history of Bandhan Mutual Fund
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Last known valuation $707.05M (May 2015). 6 investors in total: 6 institutional.
Investors in Bandhan Mutual Fund
Bandhan Mutual Fund has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, SIDBI and GIC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
Venture capital is provided by Caladium Investment to diverse sectors. | Kolkata, India | |||
Financial support is extended to micro, small, and medium enterprises. | 1990 | sidbi.in | Lucknow, India | |
UTI International is recognized as an India-specialist asset manager. | 1964 | utifunds.com.sg | Singapore, Singapore | |
Private equity firm investing in multiple sectors | oikocredit.coop | Amersfoort, Netherlands |
Investor details for Bandhan Mutual Fund
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Board of directors of Bandhan Financial Services Limited (Bandhan Mutual Fund)
Bandhan Financial Services Limited is the primary company behind Bandhan Mutual Fund. The boards of the 2 registered companies of Bandhan Mutual Fund currently have 16 directors; the longest-serving is Pankaj Sood, appointed in 2016. 70 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Sood DIN 05185378 | Nominee Director | 21 Jun 2016 | 10 yrs 4 mo | Bandhan Financial Holdings Limited, Bandhan Financial Services Limited |
| Biplab Kumar Mani DIN 05329573 | Company Secretary | 26 Nov 2020 | 5 yrs 11 mo | Bandhan Financial Services Limited |
| Jayanta Choudhury DIN 09050630 | Director | 02 Feb 2021 | 5 yrs 9 mo | Bandhan Financial Holdings Limited |
| Arindam Banik DIN 09037345 | Director | 03 Feb 2021 | 5 yrs 9 mo | Bandhan Financial Services Limited |
| Subrata Mandal DIN 09196193 | Director | 21 Jun 2021 | 5 yrs 4 mo | Bandhan Financial Services Limited |
| Amit Kumar Hazra DIN 09196376 | Director | 21 Jun 2021 | 5 yrs 4 mo | Bandhan Financial Services Limited |
| Arun Shrivastava DIN 06640892 | Director | 21 Jun 2021 | 5 yrs 4 mo | Bandhan Financial Services Limited |
| Ashok Kumar Pradhan DIN 07748272 | Director | 27 Aug 2021 | 5 yrs 2 mo | Bandhan Financial Holdings Limited |
| Karni Singh Charan Das Arha DIN 09279368 | Managing Director | 27 Oct 2021 | 5 yrs | Bandhan Financial Holdings Limited |
| Hulya Kefeli DIN 08836080 | Nominee Director | 22 Nov 2021 | 4 yrs 11 mo | Bandhan Financial Holdings Limited, Bandhan Financial Services Limited |
| Arvind Agrawal DIN 02268683 | Managing Director | 08 Apr 2022 | 4 yrs 7 mo | Bandhan Financial Services Limited |
| Runa Sarkar DIN 02980552 | Director | 20 Jun 2022 | 4 yrs 4 mo | Bandhan Financial Holdings Limited |
| Atanu Sen DIN 05339535 | Director | 20 Jun 2022 | 4 yrs 4 mo | Bandhan Financial Holdings Limited |
| Chandra Shekhar Ghosh DIN 00342477 | Whole-time director | 10 Jul 2024 | 2 yrs 3 mo | Bandhan Financial Services Limited |
| Sriradha Ramana Saripalli DIN 07165124 | Nominee Director | 04 Dec 2024 | 1 yr 11 mo | Bandhan Financial Services Limited |
| Avijit Mukerji DIN 03534116 | Director | 20 Aug 2025 | 1 yr 2 mo | Bandhan Financial Holdings Limited |
People of Bandhan Mutual Fund
26 people are tracked at Bandhan Mutual Fund (7 in leadership, 7 in board & advisors, 12 in team); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
| CEO & Managing Director | Leadership | |
Asoka Chatterjee | Managing Director | Leadership |
Vivek Shetty | Vice President - Digital | Leadership |
Sreejith Balasubramanian | Economist (senior Vice President) | Leadership |
Bhupendra Mohite | Vice President Information Technology | Leadership |
Suyash Choudhary | Head - Fixed Income | Leadership |
Manish Gunwani | Head-equities | Leadership |
Asit Pal | Chairman | Board & advisors |
Rajendra Kumar Ghose | Director | Board & advisors |
Anand Prakash Sirvastava | Director | Board & advisors |
Yogesh Chand Nanda | Director | Board & advisors |
Ranodeb Roy | Director | Board & advisors |
| Director | Board & advisors | |
Vishwanath Prasad Singh | Director | Board & advisors |
Aanya Sinha | Marketing Manager | Team |
Divya Singh | Assistant Manager | Team |
Khushboo Parikh | Senior Manager, Digital Business And Products | Team |
Pritesh Shah | Manager - Compliance And Legal | Team |
Harshvardhan Agrawal | Investment Analyst | Team |
Khushboo Sharma | Co-fund Manager, Fixed Income | Team |
6 more people are available in the full profile.
Complete people profiles for Bandhan Mutual Fund
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Financials of Bandhan Mutual Fund
Figures of Bandhan Financial Services Limited, the primary company behind Bandhan Mutual Fund, for FY 2026. Revenue was ₹2,181 Cr (-12% year on year). Net profit was ₹54.08 Cr (2% margin). Revenue has grown at a compounded annual rate of +22% over three years and -39% over five years.
- ₹2,181 CrRevenue · FY 2026 · -12% YoY
- ₹54.08 CrNet profit · 2% margin
- ₹128 CrPaid-up capital
- 4Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- -39%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bandhan Financial Services Limited are on its company page.
Detailed financial statements for Bandhan Mutual Fund
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Timeline of Bandhan Mutual Fund
4 dated milestones of Bandhan Mutual Fund across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Bandhan Mutual Fund is founded.
- Funding First funding round of $23.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series D, of $159.7M.
Competitors of Bandhan Mutual Fund
Bandhan Mutual Fund has 3 listed competitors in our database, 3 of them funded. They include Dezerv, Wealthy and ASK Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dezerv.in | 2021 | Mumbai, India | $100M | 513 | Investment solutions and portfolio management are provided for affluent individuals. | |
| wealthy.in | 2015 | Bengaluru, India | $22.29M | 231 | Digital wealth management platform is offered for personalized investments. | |
| askfinancials.com | 1983 | Mumbai, India | $125M | 191 | Asset & wealth management platform |
Detailed competitors of Bandhan Mutual Fund
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Web traffic of Bandhan Mutual Fund
Websites that share an audience with Bandhan Mutual Fund (bandhanmf.com).
Websites whose visitors overlap most with Bandhan Mutual Fund. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| unltdindia.org | 100% | 1.9K | #7,884,622 | View details | |
| satincreditcare.com | 100% | 31.6K | #1,064,463 | View details | |
sankalpforum.com | sankalpforum.com | 100% | #1,850,811 | – | |
| basixindia.com | 100% | 1.4K | #11,308,493 | View details | |
bystonline.org | bystonline.org | 100% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Bandhan Mutual Fund
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Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Bandhan Mutual Fund (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Bandhan Mutual Fund
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Frequently Asked Questions about Bandhan Mutual Fund
Bandhan Mutual Fund was founded in 2001 and raised its 1st funding round 8 years after it was founded.
Bandhan Mutual Fund is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Chandra Shekhar Ghosh is the CEO of Bandhan Mutual Fund, as recorded in our data.
Bandhan Mutual Fund is a funded company, having raised a total of $212.17M across 4 funding rounds to date. The company's 1st funding round was a Series B of $23.4M, raised on Dec 2009.
Bandhan Mutual Fund has 4 employees.
The primary company behind Bandhan Mutual Fund, Bandhan Financial Services Limited, reported revenue of ₹2,181 Cr for FY 2026, down 12% year on year.
Bandhan is the largest miocrofinance institution in India with 20 market share and presence across 22 states and union territories. It has a network of 2,000 branches and has disbursed loans to more than 5.8 million customers. Its outstanding loans stand at Rs. 7,810 crores. It works with women who are socially disadvantaged and economically exploited, for their social and economic upliftment. It provides collateral free micro loans in the range of Rs. 1,000-Rs. 10,000 for health, education and general purposes. It also provides loans for fisheries and other micro enterprises. It started off as an NGO in 2001 and obtained an NBFC license later. In 2014, RBI granted a preliminary license to Bandhan for starting a bank in India. The recent funding from GIC and IFC will be used to establish 600 bank branches across 27 states in India, with 50 branches in rural areas. On August 23, 2015, Bandhan launched its bank Bandhan Bank with 501 branches, 2022 service centres and 50 ATMs across 24 states.
Bandhan Mutual Fund has 6 investors. Key investors include International Finance Corporation, SIDBI, GIC, Caladium Investment, and UTI International.
The valuation of Bandhan Mutual Fund is $707.05M as of May 2015.
Bandhan Mutual Fund is associated with 2 legal entities: Bandhan Financial Services Limited, Bandhan Financial Holdings Limited.
The legal entities of Bandhan Mutual Fund currently have 19 directors, including Runa Sarkar, Jayanta Choudhury, Hulya Kefeli and others.