Axis Bank

Axis Bank is a financial institution that offers personal and commercial banking services to individuals and businesses. Read more

Amitabh Chaudhry's photo - Managing Director & CEO of Axis Bank

Managing Director & CEO

Amitabh Chaudhry

CEO Approval Rating

83/100

Founded:

1994

Status:

PublicIndependent CompanyNational Stock Exchange of IndiaAXISBANK

AXIS BANK TOP COMPETITORS OR ALTERNATIVES

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SBI is a top competitor of Axis Bank. SBI was founded in Mumbai, Maharashtra} in 1806. SBI competes in the Banks industry. Compared to Axis Bank, SBI generates $46.1B more revenue.

HDFC is Axis Bank's #2 competitor. HDFC is headquartered in Mumbai, Maharashtra, and was founded in 1994. HDFC competes in the Banks field. HDFC generates 318% the revenue of Axis Bank.

ICICI Bank has been one of Axis Bank's top competitors. ICICI Bank is a Public company that was founded in 1955 in Mumbai, Maharashtra. Like Axis Bank, ICICI Bank also competes in the Banks industry. Compared to Axis Bank, ICICI Bank has 52,932 more employees.

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Axis Bank Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$6.3B

Axis Bank's revenue is the ranked lowest among it's top 10 competitors. The top 10 competitors average 13.6B. Over the last four quarters, Axis Bank's revenue has decreased by 33%. Specifically, in Q1 2021's revenue was $850.4M; in Q4 2020, it was $2.6B; in Q3 2020, it was $1.5B; in Q2 2020, Axis Bank's revenue was $1.3B.

Axis Bank Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Freecharge Payment Technologies Pvt. Ltd.

Jul 2017

Source »
$60M
FreeCharge is an online financial platform that allows users to pay mobile, water, gas and electricity bills.

These are all the companies that Axis Bank has acquired. Axis Bank's latest acquisition was Freecharge Payment Technologies Pvt. Ltd. in Jul 2017. FreeCharge is an online financial platform that allows users to pay mobile, water, gas and electricity bills.

Axis Bank Funding History

Since Axis Bank was founded in 1994, it has participated in 6 rounds of funding. In total Axis Bank has raised $6.8B. Axis Bank's last funding round was on Aug 2020 for a total of $1.3B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Equity
Aug 2020
$1.3B
-
Post-IPO Equity
Sep 2019
$1.8B
Post-IPO Equity
Nov 2017
$1.8B
Post-IPO Debt
Dec 2014
$893.8M
-
Post-IPO Debt
Aug 2014
$991.5M
-

Since Axis Bank was founded in 1994, it has participated in 6 rounds of funding. In total Axis Bank has raised $6.8B. Axis Bank's last funding round was on Aug 2020 for a total of $1.3B

Axis Bank Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Max Life insurance is a provider of life insurance products and services for individuals.
$210M
May 31, 2020
Equity
-
SBI Card is a financial institution that provides credit cards and value-added payment products and services for individuals and businesses.
$101M
May 04, 2019
Debt
-
Cardekho is an Indian Based website that allows the buying and selling, reviewing, and comparing of new and used cars
$110M
Jan 02, 2019
Series C
-
CultFit is an India-based physical fitness application that provides primary care, mental wellbeing, and related solutions for men and women.
$10M
Jan 29, 2018
Debt
-
ONGC is an India-based petroleum company that produces, refines, and distributes petrol, diesel, and natural gas for industrial and commercial sectors.
$2.4B
Jan 22, 2018
Debt
-

These are all the companies that Axis Bank has invested in. Axis Bank's latest investment was Freecharge Payment Technologies Pvt. Ltd. in Jul 2017. FreeCharge is an online financial platform that allows users to pay mobile, water, gas and electricity bills.

Axis Bank News

June 14, 2021BW BUSINESSWORLD

Axis Bank Stake In Max Life Likely To Rise To 20 % In 12-18 Months

Max Life Insurance recorded a 22 per cent rise in its total new business premium (individual and grou... See more »
June 10, 2021The Paypers

Axis Bank introduces conversational banking solution

Karix Mobile, a subsidiary of Tanla Platforms, has deployed a conversational banking solution, dubbed... See more »
June 10, 2021Fii News

Axis Bank to re-define role it plays for customers

WhatsApp: banking activities on there go Axis Bank's objective is to re-define the role it can play i... See more »
June 9, 2021Livemint

Axis Bank SMS alert charges to change from next month. Details here

Axis Bank has recalibrated its SMS charges too following the new regime introduced by the telecom reg... See more »
June 8, 2021India Infoline

Axis Bank board allots over 1.17 lakh equity shares under ESOP Scheme

Axis Bank board allots over 1.17 equity shares under ESOP Scheme.... See more »
May 25, 2021India Infoline

Axis Bank board allots 94,821 equity shares under ESOP scheme

Axis Bank allots 94,821 equity shares under ESOP.... See more »
May 22, 2021Business Today

Axis Bank to reclassify 3 promoters as public shareholders post regulatory approvals

Three promoter entities United India Insurance, National Insurance and New India Assurance have made ... See more »

Axis Bank Press Releases

August 16, 2018Business Wire India

Axis Bank's Axis Aha! Conversational AI Powered by Active.Ai Wins the DX Leader Award at 2018 IDC Digital Transformation Awards

Business Wire IndiaAxis Bank's AI-led conversational banking assistant - Axis Aha!, powered by Active... See more »
May 8, 2018Business Wire India

Axis Bank Power Salute Offering for Indian Coast Guard

Business Wire IndiaAxis Bank signed a MoU today with The Indian Coast Guard to offer special banking ... See more »
November 15, 2017NewsVoir

Shardul Amarchand Mangaldas Advises Axis Bank on its INR. 11626 Crores Fundraising

Shardul Amarchand Mangaldas advised Axis Bank on its INR. 11626 crores fundraising from multiple glob... See more »
May 22, 2017NPR

Axis Bank Payment Gateway Extension for Magento 2

Business Wire IndiaAxis Bank Payment Gateway Extension for Magneto 2 developed by Elsner Technologies... See more »
January 5, 2017NPR

Twin Tracking Capabilities for the Future

Business Wire India Empowers its 56000+ workforce using twin track capability building along with bes... See more »
December 21, 2016Blackbird

Axis Bank dismisses 24 staffers, suspends 50 accounts after I-T raids

A preliminary report is expected in 10 days, final report in three weeks Nupur Anand | Mumbai Decembe... See more »
November 26, 2016Blackbird

Siddarth Bhamre

Never miss a great news story!Get instant notifications from Economic TimesAllowNot now You can switc... See more »

Axis Bank Videos

Social Media

Axis Bank Headquarters

C-2, Pandurang Budhkar Marg, Worli Wadia International Centre

Mumbai, Maharashtra400 025

91-22-2425-2525

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Axis Bank Summary

ABOUT

Overview

Axis Bank (National Stock Exchange of India, AXISBANK) offers Internet banking services, personal banking services accounts, cards, loans, and other financial products. It is the third largest private sector bank in India. It offers the full spectrum ...

CEO

Axis Bank's Managing Director & CEO, Amitabh Chaudhry, currently has an approval rating of 83%. Axis Bank's primary competitors are SBI, HDFC & ICICI Bank.

Frequently Asked Questions about Axis Bank

  1. When was Axis Bank founded?

    Axis Bank was founded in 1994
  2. Who is Axis Bank's CEO?

    Axis Bank's CEO is Amitabh Chaudhry
  3. How much revenue does Axis Bank generate?

    Axis Bank generates $6.3B in revenue
  4. How much funding does Axis Bank have?

    Axis Bank has historically raised $6.8B in funding
  5. Where is Axis Bank's headquarters?

    Axis Bank's headquarters is in Mumbai Maharashtra, IN
  1. How many employees does Axis Bank have?

    Axis Bank has 78,300 employees
  2. What sector does Axis Bank operate in?

    Axis Bank is in Banks
  3. Who are Axis Bank's competitors?

    Axis Bank's top competitors are SBI, HDFC, ICICI Bank
  4. Who has Axis Bank invested in?

    Axis Bank's has invested in companies such as Max Life insurance, SBI Card, CarDekho