About State Bank of India
State Bank of India is a company based in Mumbai (India) founded in 1806. It operates as a Commission-Based. The company has 236,230 employees as of March 31, 2024. State Bank of India has completed 2 acquisitions, including Coastal Energen and Giro Commercial Bank. State Bank of India offers products and services including Banking Services. State Bank of India 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 236230 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 State Bank Of India
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Annual Revenue
$76.87 B (USD)11.53as on Mar 31, 2024
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Net Profit
$9.06 B (USD)15.62as on Mar 31, 2024
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EBITDA
$-139.41 K (USD)0as on Mar 31, 2017
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Latest Funding Round
$12.75 M (USD), Grant
Dec 16, 2019
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Investors
Axis Bank
& 4 more
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Employee Count
236230
as on Mar 31, 2024
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Investments & Acquisitions
Coastal Energen
& 1 more
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IPO & Listings of State Bank of India
State Bank of India is a publicly listed company on the NSE with ticker symbol SBIN 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 State Bank of India
State Bank of India offers a comprehensive portfolio of products and services, including Banking Services. 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.
Banking services are provided for individuals and businesses.
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Leadership Team
41 people
Software Development Team
22 people
Sales and Marketing
17 people
Human Resources and Administration
17 people
Senior Team
8 people
Operations Team
6 people
Product Management Team
5 people
Finance and Accounting
5 people
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Funding Insights of State Bank of India
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $12.7M
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First Round
First Round
(19 Sep 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Grant - State Bank of India | Valuation |
investors |
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| Aug, 2019 | Amount | Debt – Conventional - State Bank of India | Valuation |
investors |
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| May, 2019 | Amount | Debt – Conventional - State Bank of India | 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 State Bank of India
State Bank of India has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Axis Bank, ICICI Bank and State Bank of India. 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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Consumer and SME loans are provided across Germany.
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Founded Year | Domain | Location | |
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Commercial bank
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Founded Year | Domain | Location | |
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Commercial banking and financial services are provided to diverse clients.
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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 State Bank of India
State Bank of India has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Coastal Energen and Giro Commercial Bank. 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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Commercial bank
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1993 |
| 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 - State Bank of India
| 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 |
State Bank Of India Comparisons
Competitors of State Bank of India
State Bank of India 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 State Bank Of India
Frequently Asked Questions about State Bank of India
When was State Bank of India founded?
State Bank of India was founded in 1806 and raised its 1st funding round 212 years after it was founded.
Where is State Bank of India located?
State Bank of India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of State Bank of India?
Somnath Adhya is the current CEO of State Bank of India.
How many employees does State Bank of India have?
As of Mar 31, 2024, the latest employee count at State Bank of India is 236,230.
What is the annual revenue of State Bank of India?
Annual revenue of State Bank of India is $76.87B as on Mar 31, 2024.
What does State Bank of India do?
State Bank of India is involved in offering a range of banking and financial services. Operations are focused on commercial banking for individuals and corporate clients. Solutions include savings accounts, loans, and digital banking platforms. The bank serves various sectors including retail and corporate finance. Activities are conducted to ensure secure and accessible financial services.
Who are the top competitors of State Bank of India?
What products or services does State Bank of India offer?
State Bank of India offers Banking Services.
Is State Bank of India publicly traded?
Yes, State Bank of India is publicly traded on NSE under the ticker symbol SBIN.
How many acquisitions has State Bank of India made?
State Bank of India has made 2 acquisitions, including Coastal Energen, and Giro Commercial Bank.
Who are State Bank of India's investors?
State Bank of India has 5 investors. Key investors include Axis Bank, ICICI Bank, State Bank of India, Canara Bank, and KfW.
What is State Bank of India's ticker symbol?
The ticker symbol of State Bank of India is SBIN on NSE.
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