About IDFC First Bank
IDFC First Bank is a company based in Mumbai (India) founded in 1997.. The company has 42,190 employees as of March 31, 2024. IDFC First Bank has completed 1 acquisition, including GVMFL. IDFC First Bank 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 42190 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 Idfc First Bank Ltd.
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Annual Revenue
$5.06 B (USD)19.47as on Mar 31, 2024
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Net Profit
$174.07 M (USD)-49.35as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Latest Funding Round
$874.58 M (USD), Post-IPO
Apr 17, 2025
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Investors
BNP Paribas
& 8 more
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Employee Count
42190
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of IDFC First Bank
IDFC First Bank is a publicly listed company on the NSE with ticker symbol IDFCFIRSTB 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.
Funding Insights of IDFC First Bank
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $874.6M
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First Round
First Round
(12 Jun 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Post-IPO - IDFC First Bank | Valuation |
investors |
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| Oct, 2023 | Amount | Post-IPO - IDFC First Bank | Valuation |
investors |
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| Apr, 2021 | Amount | Post-IPO - IDFC First Bank | 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 IDFC First Bank
IDFC First Bank has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include BNP Paribas, Tata AIA and ICICI Prudential Life 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided by the firm.
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Founded Year | Domain | Location | |
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Banking & financial service provider
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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 IDFC First Bank
IDFC First Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GVMFL. 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 in Tamil Nadu
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1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IDFC First Bank
| 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 |
Idfc First Bank Comparisons
Competitors of IDFC First Bank
IDFC First Bank 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 Idfc First Bank
Frequently Asked Questions about IDFC First Bank
When was IDFC First Bank founded?
IDFC First Bank was founded in 1997 and raised its 1st funding round 23 years after it was founded.
Where is IDFC First Bank located?
IDFC First Bank is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of IDFC First Bank?
Vembu Vaidyanathan is the current CEO of IDFC First Bank.
How many employees does IDFC First Bank have?
As of Mar 31, 2024, the latest employee count at IDFC First Bank is 42,190.
What is the annual revenue of IDFC First Bank?
Annual revenue of IDFC First Bank is $5.06B as on Mar 31, 2024.
What does IDFC First Bank do?
Founded in 1997 and headquartered in Mumbai, India, IDFC First Bank operates as a commercial bank. A variety of personal and business banking products is offered, including savings and current accounts, loans, investments, credit cards, and wealth management services. The institution is focused on technology integration and ethical practices within the Indian financial sector.
Who are the top competitors of IDFC First Bank?
Is IDFC First Bank publicly traded?
Yes, IDFC First Bank is publicly traded on NSE under the ticker symbol IDFCFIRSTB.
How many acquisitions has IDFC First Bank made?
IDFC First Bank has made 1 acquisition, including GVMFL.
Who are IDFC First Bank's investors?
IDFC First Bank has 9 investors. Key investors include BNP Paribas, Tata AIA, ICICI Prudential Life Insurance, HDFC Life, and Warburg Pincus.
What is IDFC First Bank's ticker symbol?
The ticker symbol of IDFC First Bank is IDFCFIRSTB on NSE.
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