About Indian Overseas Bank
Indian Overseas Bank is a company based in Chennai (India) founded in 1937.. The company has 20,970 employees as of March 31, 2024. Indian Overseas Bank has completed 2 acquisitions, including Coastal Energen and Trident Microfin. Indian Overseas Bank operates in a competitive market with competitors including Axis Bank, Bandhan Bank, HDFC Bank, RBL Bank and Yes Bank, among others.
- Headquarter Chennai, India
- Employees 20970 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
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- Legal Name Indian Overseas Bank
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Annual Revenue
$3.94 B (USD)16.46as on Mar 31, 2024
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Net Profit
$396.73 M (USD)27.38as on Mar 31, 2024
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EBITDA
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Latest Funding Round
$70.35 M (USD), Debt – Conventional
Sep 21, 2019
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Investors
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Employee Count
20970
as on Mar 31, 2024
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Investments & Acquisitions
Coastal Energen
& 1 more
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IPO & Listings of Indian Overseas Bank
Indian Overseas Bank is a publicly listed company on the NSE with ticker symbol IOB 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 Indian Overseas Bank
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $70.4M
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First Round
First Round
(19 Apr 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - Indian Overseas Bank | Valuation |
investors |
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| Jan, 2018 | Amount | Post-IPO - Indian Overseas Bank | Valuation |
investors |
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| Nov, 2016 | Amount | Post-IPO - Indian Overseas Bank | 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 |
Investments & Acquisitions by Indian Overseas Bank
Indian Overseas Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Coastal Energen and 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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Non-renewable energy-based power projects are developed in India.
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2008 | ||||
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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 - Indian Overseas 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 |
Indian Overseas Bank Comparisons
Competitors of Indian Overseas Bank
Indian Overseas 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 |
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| 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 Indian Overseas Bank
Frequently Asked Questions about Indian Overseas Bank
When was Indian Overseas Bank founded?
Indian Overseas Bank was founded in 1937 and raised its 1st funding round 74 years after it was founded.
Where is Indian Overseas Bank located?
Indian Overseas Bank is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Indian Overseas Bank?
Ajay Kumar Srivastava is the current CEO of Indian Overseas Bank.
How many employees does Indian Overseas Bank have?
As of Mar 31, 2024, the latest employee count at Indian Overseas Bank is 20,970.
What is the annual revenue of Indian Overseas Bank?
Annual revenue of Indian Overseas Bank is $3.94B as on Mar 31, 2024.
What does Indian Overseas Bank do?
Indian Overseas Bank was established in 1937 as a commercial bank headquartered in Chennai, India. Core services, including loans, credit cards, savings accounts, investments, insurance, and internet banking, are extended to individual and corporate clients. Operations span India and international branches in Singapore, Colombo, Seoul, Bangkok, Guangzhou, Vietnam, and Dubai. For 2018, revenues totaled 3.2 billion, while a net loss of 783 million was reported.
Who are the top competitors of Indian Overseas Bank?
Is Indian Overseas Bank publicly traded?
Yes, Indian Overseas Bank is publicly traded on NSE under the ticker symbol IOB.
How many acquisitions has Indian Overseas Bank made?
Indian Overseas Bank has made 2 acquisitions, including Coastal Energen, and Trident Microfin.
What is Indian Overseas Bank's ticker symbol?
The ticker symbol of Indian Overseas Bank is IOB on NSE.
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