About Esaf Small Finance Bank Limited
Data last updated: 14 July 2026
Esaf Small Finance Bank Limited is a public limited company based in Thrissur, Kerala, India, a subsidiary of Esaf Microfinance And Investments Private Limited. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 05 May 2016, the company has been in operation for over 10 years.
Registered with ROC Ernakulam under CIN L65990KL2016PLC045669. Listed.
Capital: an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹515.95 Cr. It is led by directors including Paul Thomas Kadambelil and Vinod Vijayalekshmi Vasudevan.
Last AGM: 24 September 2025. Financial statements filed for year ended 31 March 2025. Office: Building No.Vii/83/8 Esaf Bhavan Thrissur – Palakkad National Highway Mann, Uthy, Kerala, India – 680651.
As per NSE-filed standalone financials for FY 2026, the company reported a revenue of ₹4,348.23 Cr, a growth of 12.58% compared to the previous year. The net worth stands at ₹1,780.04 Cr (down 8.48% YoY). Total assets are valued at ₹30,868 Cr (up 13.58% YoY).
The company has a workforce of approximately 5,535 employees as per the latest available data. It operates as a subsidiary of Esaf Microfinance And Investments Private Limited.
The company is associated with 1 brand - Esaf. As per MCA filings, the company has satisfied charges of ₹1,531.64 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esafbank.com.
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Registered AddressBuilding No.Vii/83/8 Esaf Bhavan Thrissur – Palakkad National Highway Mann, Uthy, Kerala, India – 680651
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IndustryFinancial Services, Microfinance Institutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Esaf Small Finance Bank Limited
Esaf Small Finance Bank Limited has one previous CIN (Corporate Identification Number): U65990KL2016PLC045669. The current CIN is L65990KL2016PLC045669, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65990KL2016PLC045669 | Current |
| U65990KL2016PLC045669 | Previous |
Associated Brands with Esaf Small Finance Bank Limited
Esaf Small Finance Bank Limited operates one associated brand: ESAF. These brands represent Esaf Small Finance Bank Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Microfinance banking services are offered in India by ESAF. | esafbank.com |
Competitors & Alternatives of Esaf Small Finance Bank Limited
Brands and companies operating in the same space as Esaf Small Finance Bank Limited include AU Small Finance Bank, Ujjivan Small Finance Bank, Jana Small Finance Bank and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
AU Small Finance Bank
|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | Jaipur, India, India | 1996 |
Ujjivan Small Finance Bank
|
Small finance services are extended to underserved segments in India. | Bengaluru, India, India | 2005 |
Jana Small Finance Bank
|
Microfinance bank | Bengaluru, India, India | 1999 |
Suryoday
|
Small finance bank offering savings accounts, deposits, and loan products | Mumbai, India, India | 2008 |
Equitas Small Finance Bank
|
Small finance bank | Chennai, India, India | 2007 |
Utkarsh Bank
|
Small finance bank | Varanasi, India, India | 2009 |
Capital Small Finance Bank
|
Microfinance services including savings accounts and loans are provided. | Jalandhar, India, India | 2016 |
Satin Creditcare
|
Micro loans for businesses are offered by this NBFC. | Delhi, India, India | 1990 |
Fincare Small Finance Bank
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Micro-finance bank | Bengaluru, India, India | 2007 |
Business Activity of Esaf Small Finance Bank Limited
Esaf Small Finance Bank Limited operates primarily in the financial and insurance service sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Banking activities by Central, Commercial and Saving banks | Locked |
Detailed business activity records for Esaf Small Finance Bank Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
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Auditor Details of Esaf Small Finance Bank Limited
Esaf Small Finance Bank Limited is audited by Kirtane & Pandit LLP (ICAI peer reviewed, certificate valid till 2028-12-31); M/S Sundaram & Srinivasan (ICAI peer reviewed, certificate valid till 2027-09-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Kirtane & Pandit LLP (ICAI peer reviewed, certificate valid till 2028-12-31); M/S Sundaram & Srinivasan (ICAI peer reviewed, certificate valid till 2027-09-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Esaf Small Finance Bank Limited
Esaf Small Finance Bank Limited is currently managed by 8 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paul Thomas Kadambelil | Managing Director | 05 May 2016 | 10 Years 2 Months | Current |
|
Vinod Vijayalekshmi Vasudevan
Also directs:
Esaf Small Finance Bank Limited, Vv Digital Spaces Llp
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Director | 22 Dec 2021 | 4 Years 6 Months | Current |
|
George Kalaparambil John
Also directs:
Esaf Small Finance Bank Limited
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Whole-Time Director | 18 May 2024 | 2 Years 2 Months | Current |
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Kolasseril Chandramohanan Ranjani
Also directs:
Esaf Small Finance Bank Limited, Sm Swasthman Foundation
|
Director | 13 Dec 2022 | 3 Years 7 Months | Current |
| Biju Varkkey | Director | 17 Aug 2023 | 2 Years 11 Months | Current |
|
Ajay Sharma
Also directs:
Esaf Small Finance Bank Limited, Banswara Syntex Ltd, India International Exchange (Ifsc) Limited and 1 more
|
Director | 21 Dec 2025 | 0 Years 7 Months | Current |
Financials of Esaf Small Finance Bank Limited FY 2026 filings available
Esaf Small Finance Bank Limited reported revenue of ₹4,348.23 Cr (up 12.58% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Revenue from Operations | ₹4,348.23 Cr | ₹3,862.22 Cr | ₹3,818.43 Cr |
| Interest Earned | ₹4,348.23 Cr | ₹3,862.22 Cr | ₹3,818.43 Cr |
| Other Income | ₹0 | ₹467.09 Cr | ₹441.82 Cr |
| Total Income | ₹4,348.23 Cr | ₹4,329.31 Cr | ₹4,260.25 Cr |
| Employee Benefit Expense | ₹692.02 Cr | ₹660.08 Cr | ₹362.97 Cr |
| Interest Expended | ₹1,837.44 Cr | ₹1,810.69 Cr | ₹1,448.73 Cr |
| Operating Expenses | ₹1,798.82 Cr | ₹1,903.51 Cr | ₹1,648.83 Cr |
| Operating Profit before Provisions | ₹711.97 Cr | ₹615.11 Cr | ₹1,162.69 Cr |
| Provisions (other than tax) | ₹940.37 Cr | ₹1,250.08 Cr | ₹592.28 Cr |
| Profit Before Tax | -₹228.4 Cr | -₹692.97 Cr | ₹570.41 Cr |
| Total Tax Expense | -₹62 Cr | -₹171.58 Cr | ₹144.84 Cr |
| Net Profit | -₹166.4 Cr | -₹521.39 Cr | ₹425.57 Cr |
| Basic EPS | ₹-3.23 | ₹-10.13 | ₹8.96 |
| Diluted EPS | ₹-3.22 | ₹-10.12 | ₹8.94 |
| Gross NPA | ₹1,213.86 Cr | ₹1,290.56 Cr | ₹893.04 Cr |
| Gross NPA % | 0.05% | 0.07% | 0.05% |
| Net NPA % | 0.02% | 0.03% | 0.02% |
| Return on Assets % | -0.01% | -0.02% | 0.02% |
| CET1 Ratio % | 0.14% | 0.17% | 0.19% |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹30,868 Cr | ₹27,178 Cr | ₹26,087 Cr |
| Equity (Net Worth) | ₹1,780.04 Cr | ₹1,945.01 Cr | ₹1,774.43 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Operating Cash Flow | -₹1,960.29 Cr | ₹3,176.32 Cr | ₹1,000.92 Cr |
| Investing Cash Flow | -₹191.67 Cr | -₹768.83 Cr | -₹582.53 Cr |
| Financing Cash Flow | ₹1,347.37 Cr | -₹1,851.62 Cr | ₹235.1 Cr |
| Dividends Paid | ₹0 | ₹36.03 Cr | ₹0 |
| Net Change in Cash | -₹804.59 Cr | ₹555.87 Cr | ₹653.49 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,196.45 Cr | ₹894.05 Cr | ₹819.82 Cr | ₹828.23 Cr | ₹893.44 Cr | ₹949.89 Cr | ₹996.43 Cr | ₹1,022.49 Cr | ₹1,002 Cr | ₹974.37 Cr | ₹1,842.05 Cr |
| Interest Earned | ₹1,196.45 Cr | ₹894.05 Cr | ₹819.82 Cr | ₹828.23 Cr | ₹893.44 Cr | ₹949.89 Cr | ₹996.43 Cr | ₹1,022.49 Cr | ₹1,002 Cr | ₹974.37 Cr | ₹1,842.05 Cr |
| Other Income | ₹0 | ₹269.39 Cr | ₹145.16 Cr | ₹195.14 Cr | ₹143.34 Cr | ₹111.89 Cr | ₹96.58 Cr | ₹115.25 Cr | ₹149.84 Cr | ₹119.98 Cr | ₹172.02 Cr |
| Total Income | ₹1,196.45 Cr | ₹1,163.44 Cr | ₹964.98 Cr | ₹1,023.37 Cr | ₹1,036.78 Cr | ₹1,061.78 Cr | ₹1,093.01 Cr | ₹1,137.74 Cr | ₹1,151.84 Cr | ₹1,094.35 Cr | ₹2,014.07 Cr |
| Employee Benefit Expense | ₹173.46 Cr | ₹170.5 Cr | ₹158.4 Cr | ₹190.43 Cr | ₹184.87 Cr | ₹178.67 Cr | ₹193.06 Cr | ₹103.48 Cr | ₹104.72 Cr | ₹89.3 Cr | ₹168.96 Cr |
| Interest Expended | ₹477.33 Cr | ₹461.73 Cr | ₹455.76 Cr | ₹450.36 Cr | ₹457.65 Cr | ₹462.87 Cr | ₹456.07 Cr | ₹434.1 Cr | ₹411.25 Cr | ₹377.41 Cr | ₹660.08 Cr |
| Operating Expenses | ₹477.83 Cr | ₹449.19 Cr | ₹415.97 Cr | ₹448.09 Cr | ₹488.47 Cr | ₹471.53 Cr | ₹493.91 Cr | ₹449.6 Cr | ₹455.91 Cr | ₹429.25 Cr | ₹763.67 Cr |
| Operating Profit before Provisions | ₹241.29 Cr | ₹252.52 Cr | ₹93.25 Cr | ₹124.92 Cr | ₹90.66 Cr | ₹127.38 Cr | ₹143.03 Cr | ₹254.04 Cr | ₹284.68 Cr | ₹287.69 Cr | ₹590.32 Cr |
| Provisions (other than tax) | ₹214.2 Cr | ₹243.39 Cr | ₹248.67 Cr | ₹234.12 Cr | ₹331.5 Cr | ₹409.77 Cr | ₹339.69 Cr | ₹169.12 Cr | ₹226.15 Cr | ₹137.84 Cr | ₹228.29 Cr |
| Profit Before Tax | ₹27.09 Cr | ₹9.13 Cr | -₹155.42 Cr | -₹109.2 Cr | -₹240.84 Cr | -₹282.39 Cr | -₹254.66 Cr | ₹84.92 Cr | ₹58.53 Cr | ₹149.85 Cr | ₹362.03 Cr |
| Total Tax Expense | ₹3.58 Cr | ₹2.01 Cr | -₹39.61 Cr | -₹27.98 Cr | -₹57.65 Cr | -₹71.49 Cr | -₹64.59 Cr | ₹22.15 Cr | ₹15.18 Cr | ₹37.71 Cr | ₹91.95 Cr |
| Net Profit | ₹23.51 Cr | ₹7.12 Cr | -₹115.81 Cr | -₹81.22 Cr | -₹183.19 Cr | -₹210.9 Cr | -₹190.07 Cr | ₹62.77 Cr | ₹43.35 Cr | ₹112.14 Cr | ₹270.08 Cr |
| Basic EPS | ₹0.46 | ₹0.00 | ₹0.00 | ₹-1.58 | ₹-3.56 | ₹-4.10 | ₹-3.69 | ₹1.22 | ₹0.91 | ₹2.43 | ₹6.01 |
| Diluted EPS | ₹0.45 | ₹0.00 | ₹0.00 | ₹-1.57 | ₹-3.55 | ₹-4.09 | ₹-3.69 | ₹1.22 | ₹0.91 | ₹2.42 | ₹6.00 |
| Gross NPA | ₹1,213.86 Cr | ₹1,165.59 Cr | ₹1,634.57 Cr | ₹1,363.63 Cr | ₹1,290.56 Cr | ₹1,273.95 Cr | ₹1,279.33 Cr | ₹1,242.11 Cr | ₹893.04 Cr | ₹713.2 Cr | ₹399.12 Cr |
| Gross NPA % | 0.05% | 0.06% | 0.09% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.05% | 0.04% | 0.03% |
| Net NPA % | 0.02% | 0.03% | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.01% |
| Return on Assets % | 0.00% | 0.00% | 0.00% | 0.00% | -0.01% | -0.01% | -0.01% | 0.00% | 0.00% | 0.01% | 0.01% |
| CET1 Ratio % | 0.14% | 0.15% | 0.16% | 0.18% | 0.17% | 0.18% | 0.19% | 0.20% | 0.19% | 0.19% | 0.18% |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Retail | ₹1,015.3 Cr | -₹28.26 Cr | ₹21,784 Cr | ₹22,076 Cr |
| NA | ₹0 | ₹0 | ₹0 | ₹0 |
| Wholesale | ₹25.51 Cr | ₹3.97 Cr | ₹792.76 Cr | ₹743.89 Cr |
| Treasury | ₹96.79 Cr | -₹5.94 Cr | ₹7,543.46 Cr | ₹5,930.27 Cr |
| Other Banking Operations | ₹58.85 Cr | ₹57.32 Cr | ₹0 | ₹0 |
| Capital & Reserves | ₹0 | ₹0 | ₹0 | ₹1,780.04 Cr |
| Unallocated | ₹0 | ₹0 | ₹747.27 Cr | ₹337.59 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Retail | ₹3,661.64 Cr | -₹425.85 Cr | - | - |
| NA | ₹0 | ₹0 | - | - |
| Wholesale | ₹103.3 Cr | ₹35.69 Cr | - | - |
| Treasury | ₹404.85 Cr | -₹9.56 Cr | - | - |
| Other Banking Operations | ₹178.44 Cr | ₹171.32 Cr | - | - |
| Capital & Reserves | ₹0 | ₹0 | - | - |
| Unallocated | ₹0 | ₹0 | - | - |
Board & Governance of Esaf Small Finance Bank Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Esaf Small Finance Bank Limited has 9 directors - 6 independent and 2 executive. The board is chaired by Karthikeyan Manickam.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Karthikeyan Manickam | Non-Executive - Independent Director · Chairperson | 2025-12-21 | 1 |
| Kadambelil Paul Thomas | Executive Director · CEO-MD | 2018-10-01 | 1 |
| Thomas Jacob Kalappila | Non-Executive - Independent Director | 2020-03-10 | 0 |
| Vinod Vijayalekshmi Vasudevan | Non-Executive - Independent Director | 2021-12-22 | 1 |
| Kolasseril Chandramohanan Ranjani | Non-Executive - Independent Director | 2022-12-13 | 1 |
| Biju Varkkey | Non-Executive - Independent Director | 2023-08-17 | 2 |
| Ajay Sharma | Non-Executive - Independent Director | 2025-12-21 | 2 |
| George Kalaparambil John | Executive Director | 2024-05-18 | 1 |
| George Ittan Maramkandathil | Non-Executive - Non Independent Director | 2025-11-18 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Kolasseril Chandramohanan Ranjani (Chairperson), Thomas Jacob Kalappila, Ajay Sharma, Vinod Vijayalekshmi Vasudevan |
| Nomination and remuneration committee | Biju Varkkey (Chairperson), Kolasseril Chandramohanan Ranjani, Karthikeyan Manickam |
| Stakeholders Relationship Committee | George Ittan Maramkandathil (Chairperson), Kolasseril Chandramohanan Ranjani, Kadambelil Paul Thomas, Karthikeyan Manickam |
| Risk Management Committee | Ajay Sharma (Chairperson), Kolasseril Chandramohanan Ranjani, Kadambelil Paul Thomas, Thomas Jacob Kalappila, Karthikeyan Manickam |
| Corporate Social Responsibility Committee | Karthikeyan Manickam (Chairperson), George Ittan Maramkandathil, Kadambelil Paul Thomas, Ajay Sharma |
Charges & Borrowings of Esaf Small Finance Bank Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Mar 2017 | Others | ₹29.98 Cr | Satisfied |
| 10 Mar 2017 | Others | ₹115 Cr | Satisfied |
| 10 Mar 2017 | Axis Bank Limited | ₹195.72 Cr | Satisfied |
| 10 Mar 2017 | Others | ₹38.33 Cr | Satisfied |
| 10 Mar 2017 | Others | ₹19.51 Cr | Satisfied |
Total charge records: 17 View all charges
Employees and EPFO Compliance at Esaf Small Finance Bank Limited
View historical data on people associated with Esaf Small Finance Bank Limited, including employment history and EPFO contributions.
Employee and EPFO history for Esaf Small Finance Bank Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Esaf Small Finance Bank Limited
GST registrations and filing compliance for Esaf Small Finance Bank Limited
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Credit Ratings, Litigation & Regulatory Alerts for Esaf Small Finance Bank Limited
Credit ratings, litigation, and regulatory alerts for Esaf Small Finance Bank Limited
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MSME Payment Delays by Esaf Small Finance Bank Limited
MSME payment history for Esaf Small Finance Bank Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
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- Delay periods and reasons
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Subsidiaries & Group Companies of Esaf Small Finance Bank Limited
Corporate group structure for Esaf Small Finance Bank Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
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MCA Filings & Documents of Esaf Small Finance Bank Limited
MCA filings and documents for Esaf Small Finance Bank Limited
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Recent Activity on Esaf Small Finance Bank Limited
Recent News on Esaf Small Finance Bank Limited
Frequently Asked Questions about Esaf Small Finance Bank Limited
Esaf Small Finance Bank Limited is an active public limited company in the financial services sector based in Thrissur, Kerala, India. It was incorporated on 05 May 2016 (10+ years old) and is registered under CIN L65990KL2016PLC045669. The company has 5,535 employees.
Esaf Small Finance Bank Limited reported revenue of ₹4,348.23 Cr for FY 2026 (up 12.58% YoY) based on standalone NSE filings.
The current directors of Esaf Small Finance Bank Limited are:
- Paul Thomas Kadambelil - Managing Director
- Vinod Vijayalekshmi Vasudevan - Director
- George Kalaparambil John - Whole-Time Director
- Kolasseril Chandramohanan Ranjani - Director
- Biju Varkkey - Director
- Ajay Sharma - Director
- Maramkandathil George Ittan - Director
- Karthikeyan Manickam - Director
The primary industry of Esaf Small Finance Bank Limited is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
Yes, Esaf Small Finance Bank Limited is a listed company.
Esaf Small Finance Bank Limited can be reached at the registered office: Building No.Vii838 Esaf Bhavan Thrissur – Palakkad National Highway Mann, Uthy, Kerala, India – 680651, or through the website esafbank.com.