FINO

Mumbai, India Founded: 2006 • Age: 20 yrs Listed
Commercial banking services with payment products and accounts are provided.
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About FINO

FINO is a publicly listed company based in Mumbai (India) founded in 2006 by Manish Khera. Commercial banking services with payment products and accounts are provided. FINO has raised $34.96 million across 3 funding rounds from investors including HSBC, Morgan Stanley and International Finance Corporation. The company has 2,769 employees. Its chief executive, as recorded, is Rishi Gupta. Its website finobank.com draws about 53 thousand monthly visits. Its Indian entity Fino Payments Bank Limited reported revenue of ₹2,813 Cr. Its focus areas include Banks and Commercial Banks. Its competitors include Axis Bank, Yes Bank and Bandhan Bank; 2 of its 3 listed competitors have raised funding.

Company details

Detailed insights into FINOs activities or sectors are not provided. No specific information regarding solutions or services is available on the website. The scope of operations remains unclear based on the content extracted.

  • Headquarters Mumbai, India
  • Employees 2,769
  • Founders Manish Khera
  • Stage Public
  • Sectors
    Financial Services
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website finobank.com
  • Social LinkedIn X Facebook
  • Legal Name Fino Payments Bank Ltd.
Operational Areas
Financial Services → Banks
Key Metrics
  • Market Cap
    ₹1,019 Cr

    FINOPB · NSE

  • Share Price
    ₹119.73

    -2.24% today

  • Revenue
    ₹1,474 Cr

    FY 2025-26 · -15.6% YoY

  • Net Profit
    ₹52.46 Cr

    FY 2025-26 · -43.3% YoY

  • ROE
    5.8%

    as on 04 Nov 2026

  • Total Equity Funding
    $34.96M (USD)

    in 3 rounds

  • Investors
    HSBC

    & 6 more

  • Employee Count
    2,769

Funding Insights of FINO

FINO has successfully raised a total of $34.96M across 3 strategic funding rounds. 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 $34.96M
  • Total Rounds 3
  • First Round $20M

    (Jun 2007)

  • Investors Count 7

All 3 funding rounds of FINO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2018Series A–SoftBank Capital, Temasek
–
Dec 2009$14.96MSeries A–IFC, Intel Education Accelerator
–
Jun 2007$20MSeries A–Intel Capital, IFC
–
Valuation history

7 investors in total: 7 institutional.

Investors in FINO

FINO has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, Morgan Stanley and International Finance Corporation.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Temasek
An investment platform is provided for diverse sectors and geographies.
1974temasek.com.sgSingapore, Singapore
International Finance Corporation
IFC is focused on private sector development in emerging markets.
1956ifc.org
Intel Education Accelerator
Education startups are funded and mentored by Intel-backed accelerator.
intel.com/content/www/us/en/education/accelerator/education-accelerator-home.html
Intel Capital
Investment in technology startups focusing on compute, AI, and related innovations.
intelcapital.com
SoftBank
PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors
softbank.comNewton, United States
Morgan Stanley
Wealth management, investment advisory, and financial services are provided.
1935morganstanley.comNew York, United States
HSBC
Universal banking and financial advisory services are provided globally.
1865hsbc.comLondon, United Kingdom
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Investor details for FINO

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Fino Payments Bank Limited (FINO)

Fino Payments Bank Limited is the primary company behind FINO. The board of Fino Payments Bank Limited currently have 7 directors; the longest-serving is Deena Asit Mehta, appointed in 2020. 21 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Deena Asit Mehta
DIN 00168992
Director19 Mar 20206 yrs 7 moFino Payments Bank Limited
Rajat Kumar Jain
DIN 00046053
Director02 Nov 20206 yrsFino Payments Bank Limited
Rakesh Bhartia
DIN 00877865
Director27 Jul 20224 yrs 3 moFino Payments Bank Limited
Prateek Roongta
DIN 00622797
Nominee Director31 Oct 20224 yrsFino Payments Bank Limited
Pankaj Kumar
DIN 07245781
Nominee Director11 Apr 20233 yrs 6 moFino Payments Bank Limited
Anita Sudhir Pai
DIN 07651059
Director11 Jan 20242 yrs 9 moFino Payments Bank Limited
Neeta Mukerji
DIN 00056010
Director05 Mar 20242 yrs 8 moFino Payments Bank Limited

People of FINO

27 people are tracked at FINO (15 in leadership, 12 in team); the tracked headcount is 2,769.

NameRoleGroup
Manish Khera
Co-FounderLeadership
Rishi Gupta
CEO & Managing DirectorLeadership
Tushar Chandorkar
Head Retail AssetsLeadership
Himanshu K Mishra
Head Alliances, CMS & API BankingLeadership
Ashish Ahuja
Chief Operating OfficerLeadership
Kaushik Iyer
Deputy Vice President-l&odLeadership
Vikas Deshmukh
Senior Vice President Of TechnologyLeadership
Bhoopnarayan Yadav
Vice PresidentLeadership
Tejas Maniar
Chief Digital Officer (cdo)Leadership
Simanta Hazarika Mba
Head Centralised OperationsLeadership
Vinod Kumar
Sr. EVP & Chief Information OfficerLeadership
Rohit Sharrma- Pmp®
Head Of Product- Digital TransformationLeadership
Aniket Sapre
Head - Liabilities ProductsLeadership
Sachin Belose
Associate Vice PresidentLeadership
Ramesh Sharma
Senior Vice PresidentLeadership
Vishal Verma
Infrastructure OfficerTeam
Prashant Sundriyal
ManagerTeam
Sabaji Gawas
Senior ManagerTeam
Nilesh Pawar
OfficerTeam
Kushal Doshi
Principal Designer - Ux/uiTeam

7 more people are available in the full profile.

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Complete people profiles for FINO

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of FINO

FINO is a publicly listed company on the NSE with ticker symbol FINOPB 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.

  • IPO date12 Nov 2021
  • Listed onBSE: 543386 · NSE: FINOPB
  • Listed entityFINO Payments Bank Ltd.
  • Exchange sectorFinance
  • ISININE02NC01014
  • Share price₹135.48 (-0.24% on the day) · 2026-10-14
  • Market capitalisation₹1,131 Cr
  • Price to earnings53.9
  • EPS (diluted, trailing year)₹2.51
  • Volume (last session)164,316

Financials of FINO

Exchange-reported figures of Fino Payments Bank Limited, the listed company behind FINO (NSE: FINOPB).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,474 Cr
-15.6% YoY
EBITDA
-
Profit After Tax
₹52.46 Cr
-43.3% YoY
Net Worth
₹805 Cr
+7.8% YoY
Total Assets
₹5,312 Cr
+26.3% YoY
Total Debt
₹3,915 Cr
+40.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,4741,7471,3991,183994781682
Revenue growth-15.6%+24.8%+18.4%+19.0%+27.1%+14.7%-
Profit before tax67.4110886.3165.0842.7420.48(32.04)
Net profit52.4692.5386.2365.0842.7420.48(32.04)
Balance sheet
Total assets5,3124,2063,4192,4661,6801,010624
Net worth805747643553480151130
Total debt3,9152,7792,1251,351752424228
Cash & bank1,3511,1041,066834766271302
Cash flow
Cash from operations(307)76.1956.78(20.10)207(32.22)(83.67)
Cash from investing(143)(164)(104)(96.53)(64.31)(68.95)(30.54)
Cash from financing69612727918435270.0127.89
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue298272311365372425468436
Revenue growth (YoY)-19.9%-36.1%-33.5%-16.2%-13.5%+2.9%--
Other income259235276331340392441412
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax(20.90)(13.72)4.1017.4521.2224.6329.7028.45
Tax0.000.00(3.00)5.205.876.875.705.34
Net profit(20.90)(13.72)7.1012.2515.3517.7624.0023.11

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue298272311365372425468436
Revenue growth (YoY)-19.9%-36.1%-33.5%-16.2%-13.5%+2.9%--
Other income259235276331340392441412
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax(20.90)(13.72)4.1017.4521.2224.6329.7028.45
Tax0.000.00(3.00)5.205.876.875.705.34
Net profit(20.90)(13.72)7.1012.2515.3517.7624.0023.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,4741,7471,3991,183994781682
Revenue growth-15.6%+24.8%+18.4%+19.0%+27.1%+14.7%-
Other income1,3401,6521,3281,135973771673
Depreciation76.1562.1553.4541.8535.4553.5823.57
Profit before tax67.4110886.3165.0842.7420.48(32.04)
Tax14.9515.820.080.000.000.000.00
Net profit52.4692.5386.2365.0842.7420.48(32.04)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital83.2283.2283.2183.2183.2144.5844.58
Reserves & surplus72266456046939710685.49
Shareholders' funds (net worth)805747643553480151130
Secured loans1,535839713434250181111
Unsecured loans2,3791,9391,413917503243118
Total debt3,9152,7792,1251,351752424228
Total liabilities5,3124,2063,4192,4661,6801,010624
Assets
Investments3,2542,3881,7471,146631504128
Cash & bank balances1,3511,1041,066834766271302
Loans & advances343416411341189172144
Total assets5,3124,2063,4192,4661,6801,010624
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,1041,066834766271302388
Net cash from operating activities(307)76.1956.78(20.10)207(32.22)(83.67)
Net cash from investing activities(143)(164)(104)(96.53)(64.31)(68.95)(30.54)
Net cash from financing activities69612727918435270.0127.89
Net change in cash24638.6423267.78495(31.16)(86.33)
Closing cash1,3511,1041,066834766271302
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-15.6%+24.8%+18.4%+19.0%+27.1%+14.7%-
Net income growth-43.3%+7.3%+32.5%+52.3%+108.7%+163.9%-
Profitability & leverage
Return on net worth+5.8%+10.8%+10.6%+8.4%+7.1%+7.0%0.0%
Efficiency & per share
EPS (₹)6.3011.1210.367.825.144.59(7.19)
Dividend per share (₹)0.000.000.000.000.000.000.00

Timeline of FINO

4 dated milestones of FINO across 15 years, from founding to its latest funding, stage changes and deals.

  1. Founded FINO is founded.
  2. Funding First funding round of $20.0M.
  3. Funding Latest funding round, Series A,.
  4. IPO Lists on the stock exchange (IPO).

Competitors of FINO

FINO has 3 listed competitors in our database, 2 of them funded. They include Axis Bank, Yes Bank and Bandhan Bank.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Axis Bank
axisbank.com1993Mumbai, India101,331
Provider of a commercial banking services
Yes Bank
yesbank.in2004Mumbai, India$4.63M28,882
Commercial banking services are offered to individuals and businesses.
Bandhan Bank
bandhanbank.com2014Kolkata, India$259.27M158,632
Personal and business banking services are offered to underbanked markets.
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Detailed competitors of FINO

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Web traffic of FINO

The website of FINO (finobank.com) receives about 53.3K visits a month.

  • Monthly visits
    53.3K

    ▼ 9.4% vs previous month

Similar websites

Websites whose visitors overlap most with FINO. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
AU Small Finance Bank
aubank.in
100%
862K#53,129View details
Jana Small Finance Bank
janabank.com
82%
101.9K#339,249View details
Ujjivan Small Finance Bank
ujjivansfb.in
82%
32.8K#1,001,792View details
novopay.in
novopay.in
82%
#544,617–
Pay1
pay1.in
82%
3.4M#57,710View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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All 40 similar websites and full traffic analytics for FINO

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  • 40 similar websites
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Top companies in Banks

3 companies that operate in the same segment as FINO (Banks) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
AU Small Finance Bank
Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
1996Jaipur, Rajasthan, IndiaUSD 118 MUSD 2.3 B50,950
Ujjivan Small Finance Bank
Small finance services are extended to underserved segments in India.
2005Bengaluru, Karnataka, IndiaUSD 153.96 M21,203
ESAF
Microfinance banking services are offered in India by ESAF.
1992Thrissur, Kerala, IndiaUSD 101.74 MUSD 474.19 M12,520
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Related news about Fino

RBI LIKELY TO GIVE FINAL NOD TO FINO PAYMENTS BANK’S SFB TRANSITION, SUBJECT TO KEY CONDITIONS
Exchange Update • 7 days ago
FINOPB: Q2 REVENUE 744M RUPEES VS 601M (YOY)
Exchange Update • 8 days ago
FINOPB: Q2 SL NET LOSS 209M RUPEES VS 154M (YOY)
Exchange Update • 8 days ago
Fino Payments Bank: Business Update Shows 17% Decrease in Deposits Year Over Year; Renewal Income Rises 20% Year Over Year; Average Total Deposits Grow by 13% Year Over Year; Loan Referral Disbursals Jump 223% Year Over Year.
Exchange Update • 1 month ago
Fino Payments Bank: Extends Anup Agarwal's Interim CFO Role By Up To 3 Months Starting October 6
Exchange Update • 1 month ago
Fino Payments Bank August update: new accounts fall, sharp jump in loan referrals - CNBC TV18
CNBCTV18 • 1 month ago
Buzzing Stocks: Fino Payments Bank gains on CEO extension; Juniper Green slips 2% despite strong Q1 earnings
Moneycontrol • 2 months ago
Ketan Merchant’s Interim CEO Tenure at Fino Payments Bank Extended by Three Months - Elets BFSI
Bfsi • 2 months ago
Fino Payments Bank Says RBI Approves Extension Of Ketan Merchant As Interim CEO For Three Months
Reuters • 2 months ago
Fino Payments Bank Extends Tenure Of Ketan Merchant As Interim CEO
Reuters • 2 months ago
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Frequently Asked Questions about FINO

FINO was founded in 2006 and raised its 1st funding round 1 year after it was founded.

FINO is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Rishi Gupta is the CEO of FINO, as recorded in our data.

FINO is a funded company, having raised a total of $34.96M across 3 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jun 2007.

FINO has 2,769 employees.

The primary company behind FINO, Fino Payments Bank Limited, reported revenue of ₹2,813 Cr for FY 0000, down 16% year on year.

Detailed insights into FINOs activities or sectors are not provided. No specific information regarding solutions or services is available on the website. The scope of operations remains unclear based on the content extracted.

FINO's top competitors include Yes Bank, Axis Bank and Bandhan Bank.

Yes, FINO is publicly traded on NSE under the ticker symbol FINOPB.

FINO has 7 investors. Key investors include HSBC, Morgan Stanley, International Finance Corporation, Temasek, and SoftBank.

FINO operates through Fino Payments Bank Limited.

The legal entities of FINO currently have 10 directors, including Rajat Kumar Jain, Basavraj Shivanand Loni, Rakesh Bhartia and others.

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