About Bank of India
Bank of India is a company based in Mumbai (India) founded in 1906.. The company has 50,560 employees as of March 31, 2024. Bank of India has completed 1 acquisition, including Trident Microfin. Bank of India operates in a competitive market with competitors including Axis Bank, Bandhan Bank, HDFC Bank, RBL Bank and Yes Bank, among others.
- Headquarter Mumbai, India
- Employees 50560 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Bank Of India
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Annual Revenue
$9.35 B (USD)18.83as on Mar 31, 2024
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Net Profit
$1.12 B (USD)45.46as on Mar 31, 2024
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EBITDA
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Latest Funding Round
$539.52 M (USD), Post-IPO
Dec 09, 2023
- Investors
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Employee Count
50560
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of Bank of India
Bank of India is a publicly listed company on the NSE with ticker symbol BANKINDIA 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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Funding Insights of Bank of India
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $539.5M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Post-IPO - Bank of India | Valuation |
investors |
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| Aug, 2021 | Amount | Post-IPO - Bank of India | Valuation |
investors |
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| Sep, 2020 | Amount | Post-IPO - Bank of India | 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 Bank of India
Bank of India has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Life Insurance Corporation of India. 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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Life insurance and micro insurance services are provided in India.
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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 Bank of India
Bank of India has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include 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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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 - Bank of India
| 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 |
Bank Of India Comparisons
Competitors of Bank of India
Bank of India 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, Bandhan Bank, HDFC Bank, RBL Bank and Yes 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 |
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 Bank Of India
Frequently Asked Questions about Bank of India
When was Bank of India founded?
Bank of India was founded in 1906 and raised its 1st funding round 114 years after it was founded.
Where is Bank of India located?
Bank of India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Bank of India?
Rajneesh Karnatak is the current CEO of Bank of India.
How many employees does Bank of India have?
As of Mar 31, 2024, the latest employee count at Bank of India is 50,560.
What is the annual revenue of Bank of India?
Annual revenue of Bank of India is $9.35B as on Mar 31, 2024.
What does Bank of India do?
Bank of India was founded in 1906 in Mumbai, India, and operates as a commercial bank in the financial sector. Services are extended to retail, corporate, MSME, rural, and NRI clients, encompassing cash management, project finance, syndication, loans, and trade finance. Rural operations include short-term capital via cards like Kisan Credit Card and Shatabdi Krishi Vikas Card. Annual revenues of 6.36B and net profit of 0.4B were reported in 2022.
Who are the top competitors of Bank of India?
Is Bank of India publicly traded?
Yes, Bank of India is publicly traded on NSE under the ticker symbol BANKINDIA.
How many acquisitions has Bank of India made?
Bank of India has made 1 acquisition, including Trident Microfin.
Who are Bank of India's investors?
Bank of India has 1 investor. Key investors include Life Insurance Corporation of India.
What is Bank of India's ticker symbol?
The ticker symbol of Bank of India is BANKINDIA on NSE.
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