About Bharat Financial Inclusion
Bharat Financial Inclusion is a company based in Secunderabad (India) founded in 1997 was acquired by IndusInd Bank in October 2017.. Bharat Financial Inclusion has raised $144.02 million across 15 funding rounds from investors including Fidelity Investments, Yes Bank and IndusInd Bank. The company has 38,310 employees as of April 07, 2024. Bharat Financial Inclusion offers products and services including Loan Services and Customer Care. Bharat Financial Inclusion operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others.
- Headquarter Secunderabad, India
- Employees 38310 as on 07 Apr, 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
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- Legal Name Bharat Financial Inclusion Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$208.71 M (USD)6.03as on Mar 31, 2023
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Net Profit
$6.17 M (USD)-73.5as on Mar 31, 2023
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EBITDA
$17.68 M (USD)-46.87as on Mar 31, 2023
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Total Equity Funding
$144.02 M (USD)
in 15 rounds
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Latest Funding Round
$112.27 M (USD), Post-IPO
Sep 28, 2016
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Investors
Fidelity Investments
& 19 more
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Employee Count
38310
as on Apr 07, 2024
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Acquired by
IndusInd Bank
(Oct 14, 2017)
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Products & Services of Bharat Financial Inclusion
Bharat Financial Inclusion offers a comprehensive portfolio of products and services, including Loan Services and Customer Care. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers loan facilitation through banking correspondence for financial inclusion
Provides assistance and payment handling for banking-related needs
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Funding Insights of Bharat Financial Inclusion
Bharat Financial Inclusion has successfully raised a total of $144.02M across 15 strategic funding rounds. The most recent funding activity was a Post-IPO round of $112.27 million completed in September 2016. 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 15
- Last Round Post-IPO — $112.3M
- First Round First Round
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Post-IPO - Bharat Financial Inclusion | Valuation |
investors |
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| Apr, 2015 | Amount | Post-IPO - Bharat Financial Inclusion | Valuation |
investors |
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| Mar, 2014 | Amount | Post-IPO - Bharat Financial Inclusion | Valuation |
investors |
| 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 Bharat Financial Inclusion
Bharat Financial Inclusion has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidelity Investments, Yes Bank and IndusInd 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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Investments are directed toward retail, real estate, and manufacturing sectors.
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Founded Year | Domain | Location | |
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Catamaran is engaged in venture capital and private equity investments.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward Southeast Asia and 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 Bharat Financial Inclusion
| 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 - Bharat Financial Inclusion
| 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 |
Bharat Financial Inclusion Comparisons
Competitors of Bharat Financial Inclusion
Bharat Financial Inclusion 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 Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance 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 |
Small finance services are extended to underserved segments in India.
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| domain | founded_year | HQ Location |
Microfinance bank
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| domain | founded_year | HQ Location |
Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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| domain | founded_year | HQ Location |
Small finance bank offering savings accounts, deposits, and loan products
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| domain | founded_year | HQ Location |
Micro-finance bank
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| domain | founded_year | HQ Location |
Small finance bank
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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 Bharat Financial Inclusion
Frequently Asked Questions about Bharat Financial Inclusion
When was Bharat Financial Inclusion founded?
Bharat Financial Inclusion was founded in 1997 and raised its 1st funding round 8 years after it was founded.
Where is Bharat Financial Inclusion located?
Bharat Financial Inclusion is headquartered in Secunderabad, India. It is registered at Secunderabad, Telangana, India.
Who is the current CEO of Bharat Financial Inclusion?
M Ramachandra Rao is the current CEO of Bharat Financial Inclusion.
Is Bharat Financial Inclusion a funded company?
Bharat Financial Inclusion is a funded company, having raised a total of $144.02M across 15 funding rounds to date. The company's 1st funding round was a Post-IPO of $68.12M, raised on Jun 01, 2005.
How many employees does Bharat Financial Inclusion have?
As of Apr 07, 2024, the latest employee count at Bharat Financial Inclusion is 38,310.
What is the annual revenue of Bharat Financial Inclusion?
Annual revenue of Bharat Financial Inclusion is $208.71M as on Mar 31, 2023.
What does Bharat Financial Inclusion do?
Bharat Financial Inclusion was founded in 1997 and is headquartered in Secunderabad, India. Operations are centered in the microfinance sector, where loans are extended for small businesses, agriculture, home improvements, and education. These services target financially underserved and unbanked communities, with insurance products also provided to support low-income groups, particularly women.
Who are the top competitors of Bharat Financial Inclusion?
Bharat Financial Inclusion's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
What products or services does Bharat Financial Inclusion offer?
Bharat Financial Inclusion offers Loan Services and Customer Care.
Who are Bharat Financial Inclusion's investors?
Bharat Financial Inclusion has 20 investors. Key investors include Fidelity Investments, Yes Bank, IndusInd Bank, SVB, and Standard Chartered.
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