About ING Vysya Bank
ING Vysya Bank is a Financial Services company based in Bengaluru (India) founded in 1930, and was acquired by Kotak Mahindra Bank in November 2014. Retail, wholesale, and private banking services were offered in India. Its chief executive, as recorded, is Bart Hellemans. Its Indian entity Ing Vysya Bank Limited reported revenue of ₹2,262 Cr. Its focus areas include Banks and Commercial Banks. Its competitors include Axis Bank, HDFC Bank and Bandhan Bank; 1 of its 3 listed competitors has raised funding.
Company details
ING Vysya Bank was founded in 1930 in Bengaluru, India, as a private sector institution. Retail, wholesale, and private banking operations were conducted nationwide. Services included deposit accounts, loans, and investment products for individual and corporate clients. Prior to the 2014 merger with Kotak Mahindra Bank, 8 billion in assets were managed across over 500 branches, serving more than 2 million customers.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsFinancial Services
- Website ingvysyabank.com
- Social X
- Acquired by Kotak Mahindra Bank (Nov 2014)
- Legal Name Ing Vysya Bank Limited
- Date of Incorporation 29 Mar, 1930
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2,262 Cr
FY 2024 · 0% YoY
- InvestorsKotak Mahindra Bank
& 3 more
- Acquired byKotak Mahindra Bank
(Nov 2014)
Associated legal entities of ING Vysya Bank
ING Vysya Bank operates through Ing Vysya Bank Limited, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ing Vysya Bank Limited Listed CIN L85110KA1930PLC000124 | Amalgamated | 29 Mar 1930 | Bangalore, Karnataka | ₹2,262 Cr | 11 | View details |
Funding Insights of ING Vysya Bank
- Total Rounds 2
- First Round $115.08M
(Jun 2011)
- Investors Count 4
All 2 funding rounds of ING Vysya Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2013 | Post-IPO | – | – | ||
| Jun 2011 | $115.08M | Post-IPO | – | – |
4 investors in total: 4 institutional.
Investors in ING Vysya Bank
ING Vysya Bank has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Kotak Mahindra Bank, ICICI Venture and ChrysCapital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Alternative asset management and investment services in India. | 1988 | iciciventure.com | Mumbai, India | |
Investment firm focusing on private equity in sectors like financial services and healthcare. | 1999 | chryscapital.com | ||
| oijif.com | ||||
Commercial banking services are offered to corporate and retail customers. | 1985 | kotak.com | Mumbai, India |
Investor details for ING Vysya Bank
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Board of directors of Ing Vysya Bank Limited (ING Vysya Bank)
Ing Vysya Bank Limited is the primary company behind ING Vysya Bank. The board of Ing Vysya Bank Limited currently have 11 directors; the longest-serving is Maddali Venkata Satya Apparao, appointed in 2007. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maddali Venkata Satya Apparao DIN 00484877 | Company Secretary | 27 Jul 2007 | 19 yrs 2 mo | Ing Vysya Bank Limited |
| Santosh Desai DIN 01237902 | Director | 29 Apr 2008 | 18 yrs 5 mo | Ing Vysya Bank Limited |
| Meleveetil Damodaran DIN 02106990 | Director | 21 Jul 2008 | 18 yrs 3 mo | Ing Vysya Bank Limited |
| Vaughn Nigel Richtor DIN 00698356 | Director | 01 Jun 2009 | 17 yrs 4 mo | Ing Vysya Bank Limited |
| Vikram Talwar DIN 00416236 | Director | 20 Dec 2010 | 15 yrs 10 mo | Ing Vysya Bank Limited |
| Mark Edwin Newman DIN 03518417 | Director | 20 Apr 2011 | 15 yrs 6 mo | Ing Vysya Bank Limited |
| Jayant Mehrotra DIN 07681406 | CFO | 29 Apr 2014 | 12 yrs 5 mo | Ing Vysya Bank Limited |
| Alka Marezban Bharucha DIN 00114067 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Adrianus Johannes Antonius Kas DIN 06853983 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Kewal Kundanlal Handa DIN 00056826 | Additional Director | 12 Aug 2014 | 12 yrs 2 mo | Ing Vysya Bank Limited |
| David Han Lee Yong DIN 07015440 | Additional Director | 10 Nov 2014 | 11 yrs 11 mo | Ing Vysya Bank Limited |
People of ING Vysya Bank
3 people are tracked at ING Vysya Bank (3 in leadership).
| Name | Role | Group |
|---|---|---|
Mallikarjuna Rao G | Managing Director | Leadership |
Bart Hellemans | CEO | Leadership |
Uday Kotak | CEO | Leadership |
Complete people profiles for ING Vysya Bank
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Financials of ING Vysya Bank
Figures of Ing Vysya Bank Limited, the primary company behind ING Vysya Bank, for FY 2024. Revenue was ₹2,262 Cr (0% year on year). Revenue has grown at a compounded annual rate of +7% over three years and +4% over five years.
- ₹2,262 CrRevenue · FY 2024 · 0% YoY
- ₹192 CrPaid-up capital
- +7%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ing Vysya Bank Limited are on its company page.
Detailed financial statements for ING Vysya Bank
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Timeline of ING Vysya Bank
4 dated milestones of ING Vysya Bank across 84 years, from founding to its latest funding, stage changes and deals.
- Founded ING Vysya Bank is founded.
- Funding First funding round of $115.1M.
- Funding Latest funding round, Post-IPO,.
- Exit Acquired by Kotak Mahindra Bank.
Competitors of ING Vysya Bank
ING Vysya Bank has 3 listed competitors in our database, 1 of them funded. They include Axis Bank, HDFC Bank and Bandhan Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axisbank.com | 1993 | Mumbai, India | 101,331 | Provider of a commercial banking services | ||
| hdfcbank.com | 1994 | Mumbai, India | 213,527 | Commercial and personal banking services are offered by HDFC Bank. | ||
| bandhanbank.com | 2014 | Kolkata, India | $259.27M | 158,632 | Personal and business banking services are offered to underbanked markets. |
Detailed competitors of ING Vysya Bank
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Web traffic of ING Vysya Bank
Websites that share an audience with ING Vysya Bank (ingvysyabank.com).
Websites whose visitors overlap most with ING Vysya Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| icicibank.com | 100% | 22.8M | #1,388 | View details | |
| cityunionbank.com | 100% | 123K | #264,041 | View details | |
| axisbank.com | 98% | 1.1M | #41,837 | View details | |
| hdfcbank.com | 97% | 54.1M | #641 | View details | |
| bankofbaroda.com | 93% | #50,589 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 25 similar websites and full traffic analytics for ING Vysya Bank
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- 25 similar websites
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Top companies in Banks
3 companies that operate in the same segment as ING Vysya Bank (Banks) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 118 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | 21,203 | ||
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 |
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Related news about Ing Vysya Bank
Complete news archive for ING Vysya Bank
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Frequently Asked Questions about ING Vysya Bank
ING Vysya Bank was founded in 1930 and raised its 1st funding round 81 years after it was founded.
ING Vysya Bank is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Bart Hellemans is the CEO of ING Vysya Bank, as recorded in our data.
The primary company behind ING Vysya Bank, Ing Vysya Bank Limited, reported revenue of ₹2,262 Cr for FY 2024, down 0% year on year.
ING Vysya Bank was founded in 1930 in Bengaluru, India, as a private sector institution. Retail, wholesale, and private banking operations were conducted nationwide. Services included deposit accounts, loans, and investment products for individual and corporate clients. Prior to the 2014 merger with Kotak Mahindra Bank, 8 billion in assets were managed across over 500 branches, serving more than 2 million customers.
ING Vysya Bank's top competitors include Axis Bank, Bandhan Bank and HDFC Bank.
ING Vysya Bank has 4 investors. Key investors include Kotak Mahindra Bank, ICICI Venture, ChrysCapital, and Oman India Joint Investment Fund.
ING Vysya Bank operates through Ing Vysya Bank Limited.
Yes. ING Vysya Bank was acquired by Kotak Mahindra Bank in November 2014.
The legal entities of ING Vysya Bank currently have 11 directors, including Mark Edwin Newman, Vikram Talwar, Vaughn Nigel Richtor and others.