Corporate Profile

ASL was incorporated in India on 21^st July 2006.

ASL is a wholly-owned subsidiary of the Bank and is in the business of retail broking. ASL offers investment solutions to retail investors like trading in equity and derivatives, IPO, Mutual Fund, SIP, ETF, NCDs, Bonds, Company FD and tax saving solution etc. through the Axis Direct platform.

The paid-up capital of ASL is Rs.144.50 crores. The net profit of ASL for the year ended 31^st March 2023 was Rs. 200.91 crores.

ATSL was incorporated in India as a wholly-owned subsidiary of the Bank on 16^th May 2008 and received its certificate of commencement on 30^th September 2008. ATSL is in the business of trusteeship services. It offers trusteeship services and agency & administration services to corporate clients.

The paid-up capital of ATSL is Rs.1.50 crores. ATSL reported a net profit of Rs.24.64 crores for the year ended 31^st March 2023.

AAMC was incorporated on 13^th January 2009 and received its certificate of commencement on 4^th March 2009. AAMC is in the business of asset and wealth management.

In September 2012, the Bank entered into a strategic partnership with Schroders Plc. Through this partnership, Schroder Investment Management (Singapore) Ltd. (SIMSL), through its wholly-owned subsidiary, Schroder Singapore Holdings Private Ltd. (SSHPL), acquired 25 per cent of the total issued and paid-up equity share capital plus one equity share in AAMC.

AAMC is registered with the SEBI to act as an Investment Manager for Axis Mutual Fund (the Fund). AAMC manages the investment portfolio of the schemes launched by the Fund and provides administrative services to the Fund.

AAMC is registered with the SEBI as a Portfolio Manager and provide Portfolio Management services (PMS). AAMC is also registered under SEBI (Alternative Investment Funds) Regulations and is providing an investment management services to scheme’s launch under Alternative Investment Funds (AIF).

The paid-up capital of AAMC is Rs.210.11 crores. AAMC reported a net profit of Rs. 429.50 crores for the year ended 31^st March 2023.

AMFT was incorporated on 2^nd January 2009 and received its certificate of commencement on 4^th March 2009.

In September 2012, the Bank entered into a strategic partnership with Schroders plc. Through this partnership, SIMSL, through its wholly-owned subsidiary, SSHPL acquired 25 per cent of the total issued and paid-up equity share capital plus one equity share in AMFT.

AMFT is acting as a trustee to Axis Mutual Fund.

The paid-up capital of AMFT is Rs.0.05 crores. The Company reported a net profit is Rs.0.05 crores for the year ended 31^st March 2023.

AFL was incorporated in India as a wholly-owned subsidiary of the Bank on 27^th April 1995. It is a non-deposit accepting non-banking finance company (NBFC) regulated by the RBI.

AFL provides wholesale and retail lending solutions to corporate and retail customers. On the retail front, AFL offers products such as Loan against Property, Business Loan, Consumer Finance, Personal Loan and Loan against Securities. On the wholesale front, the products offered are Special Situations Funding, Structured Financing and Real-Estate Financing requirements.

The paid-up capital of AFL is Rs. 590.81 crores. AFL reported a net profit of Rs. 579.10 crores for the year ended 31^st March 2023.

A.Treds Ltd. is a joint venture between the Bank and Mjunction Services Ltd. It was set up on 23^rd May 2016. The Bank and Mjunction Services Ltd. hold 67.00% and 33.00% of the share capital, respectively. ATL undertakes the activities and operations related to the trade receivable discounting system. ATL owns and operates “Invoicemart” a digital platform which connects MSME suppliers and corporate buyers to multiple financiers. This platform enables sellers to get working capital quickly by selling their invoices to financiers.

The paid-up capital of ATL is Rs. 65 crores. ATL reported a net profit of Rs. 6.74 crores for the year ended 31^st March 2023.

ABUK is a wholly-owned overseas subsidiary of the Bank and undertakes the activities of banking. It was incorporated on 7^th March 2011 in the United Kingdom and commenced its operations on 19 ^th April 2013 upon receipt of approval from the FCA.

ABUK has a paid-up capital of US$ 55 million (Rs.451.94 crores) as on 31^st March 2023. The subsidiary is currently under closure mode.

Freecharge Payment Technologies Private Ltd. was acquired by the Bank (from Jasper Infotech Private Ltd.) on 6^th October 2017 post receiving the approval from RBI. Freecharge is now a wholly-owned subsidiary of the Bank.

FPTPL operates payment system for prepaid payment instrument (“PPI”) services, mobile wallets and also acts as merchant aggregator for online and offline merchant transactions and facilitates mobile recharge, Fastag recharge, DTH recharge, Data card recharge, pay mobile bills, utility bills, data cards etc. FPTPL also provides some financial services i.e. Freecharge Pay Later, UPI payments, Instant Loans, Loan EMI Payment, Digital Gold, Mutual Funds, Fixed Deposits etc.

FPTPL has a paid-up capital of Rs. 1,763.70 crores. The reported net profit was Rs.49.55 crores for the year ended 31^st March 2023.

ACUL was incorporated in Delaware on 2^nd August 2017. It is a wholly owned subsidiary of Axis Capital Ltd. ACUL is a broker-dealer registered with Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA).

ACUL has paid-up capital of US$ 0.71 million (Rs.5.79 crores).

Axis Pension Fund Management Limited (APFML) was incorporated on 17^th May 2022 to undertake pension fund management business under the National Pension System.

APFML received its Certificate of Registration from Pension Fund Regulatory and Development Authority as a Pension Fund on 1^st July 2022.

Total paid-up capital of APFML is Rs. 80 crores. Axis AMC and Axis Bank hold 51.00% and 9.02% respectively of the paid-up capital of  APFML. Other shareholders Havells Group and Manipal Group (through their entities) hold 19.99% each of the paid-up capital of APFML.