About ESAF
ESAF is a company based in Thrissur (India) founded in 1992.. ESAF has raised $111.83 million across 5 funding rounds from investors including ICICI Lombard, Muthoot Finance and Bajaj Allianz General Insurance. The company has 12,520 employees as of March 31, 2024. ESAF offers products and services including Savings Account, Current Account, Fixed Deposit, and Loans. ESAF operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Utkarsh Bank and Equitas Small Finance Bank, among others.
- Headquarter Thrissur, India
- Employees 12520 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 Esaf Small Finance Bank Limited
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Annual Revenue
$505.49 M (USD)2.05as on Mar 31, 2024
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Net Profit
$-60.86 M (USD)-222.3as on Mar 31, 2024
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EBITDA
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Total Equity Funding
$111.83 M (USD)
in 5 rounds
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Latest Funding Round
$22.22 M (USD), Series C
Mar 31, 2021
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Investors
ICICI Lombard
& 107 more
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Employee Count
12520
as on Mar 31, 2024
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IPO & Listings of ESAF
ESAF is a publicly listed company on the NSE with ticker symbol ESAFSFB 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.
Products & Services of ESAF
ESAF offers a comprehensive portfolio of products and services, including Savings Account, Current Account, Fixed Deposit, and Loans. 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.
Account for depositing and earning interest on savings.
Account for business transactions and daily banking needs.
Investment option for fixed-term deposits with guaranteed returns.
Financial products for personal and business borrowing requirements.
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Funding Insights of ESAF
ESAF has successfully raised a total of $111.83M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $22.22 million completed in March 2021. 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 5
- Last Round Series C — $22.2M
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First Round
First Round
(22 Jun 2009)
- Investors Count 108
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series C - ESAF | Valuation | George Maramkandathil | |
| Nov, 2018 | Amount | Angel Round - ESAF | Valuation |
investors |
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| Jul, 2018 | Amount | Series B - ESAF | Valuation | PNB MetLife , ESAF Co-Operative |
| 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 ESAF
ESAF has secured backing from 108 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include ICICI Lombard, Muthoot Finance and Bajaj Allianz General Insurance. 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 in public markets, commodities, private equities, and real estate by a family office.
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Founded Year | Domain | Location | |
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Agro cooperative services, financial inclusion, and agricultural marketing in India.
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Founded Year | Domain | Location | |
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Provider of life insurance 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 ESAF
| 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 - ESAF
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Esaf Comparisons
Competitors of ESAF
ESAF 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, Utkarsh Bank and Equitas 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
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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 Esaf
Frequently Asked Questions about ESAF
When was ESAF founded?
ESAF was founded in 1992 and raised its 1st funding round 17 years after it was founded.
Where is ESAF located?
ESAF is headquartered in Thrissur, India. It is registered at Thrissur, Kerala, India.
Who is the current CEO of ESAF?
Kadambelil Paul Thomas is the current CEO of ESAF.
Is ESAF a funded company?
ESAF is a funded company, having raised a total of $111.83M across 5 funding rounds to date. The company's 1st funding round was a Series B of $67.6M, raised on Jun 22, 2009.
How many employees does ESAF have?
As of Mar 31, 2024, the latest employee count at ESAF is 12,520.
What is the annual revenue of ESAF?
Annual revenue of ESAF is $505.49M as on Mar 31, 2024.
What does ESAF do?
ESAF was founded in 1992 in Thrissur, India, and operates as a microfinance institution focused on banking services for underserved communities. Loans, savings accounts, and financial inclusion programs are provided through its network across rural and semi-urban areas. Leadership is held by Kadambelil Paul Thomas as CEO and Managing Director, alongside Mareena Paul as Managing Director. The company functions within the financial services sector, emphasizing accessible credit solutions.
Who are the top competitors of ESAF?
ESAF's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and Jana Small Finance Bank.
What products or services does ESAF offer?
ESAF offers Savings Account, Current Account, Fixed Deposit, and Loans.
Is ESAF publicly traded?
Yes, ESAF is publicly traded on NSE under the ticker symbol ESAFSFB.
Who are ESAF's investors?
ESAF has 108 investors. Key investors include ICICI Lombard, Muthoot Finance, Bajaj Allianz General Insurance, PNB MetLife, and Bajaj Allianz.
What is ESAF's ticker symbol?
The ticker symbol of ESAF is ESAFSFB on NSE.
What is ESAF's valuation?
The valuation of ESAF is $460.76M as of Mar 2021.
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