Axis Bank office

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses.

Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

With a balance sheet size of Rs. 9,96,118 crores as on 31st March 2021, Axis Bank has achieved consistent growth and with a 5 year CAGR (2015-16 to 2020-21) of 13% each in Total Assets & Advances and 15% in Deposits.

Committee of Directors

Name of MembersCategory
S. VishvanathanChairman
Amitabh ChaudhryMember
Ketaki BhagwatiMember

Audit Committee of the Board

Name of MembersCategory
Girish ParanjpeChairman
T. C. Suseel KumarMember
Prof. S. Mahendra DevMember

Risk Management Committee

Name of MembersCategory
Ketaki Bhagwati Chairperson
Amitabh ChaudhryMember
Girish Paranjpe Member
Gopalaraman PadmanabhanMember

Stakeholders Relationship Committee

Name of MembersCategory
S. Vishvanathan Chairman
Rajesh Dahiya Member
Vasantha GovindanMember

Nomination and Remuneration Committee

Name of MembersCategory
Meena Ganesh Chairperson
Rakesh Makhija Member
Girish ParanjpeMember

Special Committee of the Board of Directors for Monitoring of Large Value Frauds

Name of MembersCategory
S. Vishvanathan Chairman
Amitabh Chaudhry Member
Rakesh Makhija Member
T.C. Suseel Kumar Member
Prof. S. Mahendra Dev Member

Customer Service Committee

Name of MembersCategory
G. Padmanabhan Chairman
Amitabh Chaudhry Member
T.C Suseel KumarMember
Vasantha GovindanMember

IT Strategy Committee

Name of MembersCategory
Ashish KotechaChairman
Girish ParanjpeMember
Amitabh ChaudhryMember
Meena GaneshMember
Gopalaraman PadmanabhanMember
S. VishvanathanMember

Corporate Social Responsibility Committee

Name of MembersCategory
Rakesh MakhijaChairman
Rajiv Anand Member
Rajesh DahiyaMember
Meena Ganesh Member

Review Committee

Name of MembersCategory
Amitabh ChaudhryChairman
S. Vishvanathan Member
Ketaki BhagwatiMember

Acquisitions, Divestments and Mergers Committee

Name of MembersCategory
Rakesh Makhija Chairman
Ketaki BhagwatiMember
Amitabh ChaudhryMember
Meena GaneshMember
Ashish KotechaMember

Committee of Whole-Time Directors

Name of MembersCategory
Amitabh ChaudhryChairman
Rajiv Anand Member
Rajesh Dahiya Member

Environmental, Social and Governance Committee

Name of MembersCategory
Prof. S. Mahendra DevChairman
Ketaki BhagwatiMember
Ashish KotechaMember
Amitabh ChaudhryMember

Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

The registered office of Axis Bank is located at :

‘Trishul’, 3rd Floor,
Opposite Samartheshwar Temple,
Near Law Garden, Ellisbridge,
Ahmedabad, Gujarat - 380 006

Axis House,
C-2 Wadia International Centre,
Pandurang Budhkar Marg, Worli, Mumbai – 4000 025

The Corporate Office of Axis Bank is located at Axis House Mumbai. Axis House has received the ‘Platinum’ rating awarded by the US Green Building Council for its environment friendly facilities and reduction of carbon emission.

The Bank has authorized share capital of Rs. 850 crores comprising 4,250,000,000 equity shares of Rs.2/- each. As on 31st March 2021. The Bank has issued, subscribed and paid-up equity capital of Rs. 612.75 crores, constituting 306,37,48,652 equity shares of Rs.2/- each as on 31st March 2021. The Bank’s shares are listed on the National Stock Exchange of India Limited and the BSE Limited. The GDRs issued by the Bank are listed on the London Stock Exchange (LSE). The Bonds issued by the Bank under the MTN programme are listed on the Singapore Stock Exchange.

The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses.

The Bank at present has following 9 subsidiaries and 1 step-down subsidiary:

The Bank has 9 subsidiaries namely, Axis Capital Ltd. (ACL), Axis Securities Ltd. (ASL), Axis Trustee Services Ltd. (ATSL), Axis Asset Management Company Ltd. (AAMC), Axis Mutual Fund Trustee Ltd. (AMFT), Axis Finance Ltd. (AFL), A.TREDS Ltd.(ATL), Axis Bank UK Ltd. (ABUK) and Freecharge Payment Technologies Private Ltd. (Freecharge).


Step-down subsidiary - Axis Capital USA LLC (subsidiary of Axis Capital Ltd.)

ACL was incorporated in India as a wholly-owned subsidiary of the Bank on 6th December 2005 and received its certificate of commencement of business on 2nd May 2006. Certain businesses of M/s. Enam Securities Pvt. Ltd. were merged with Axis Capital Ltd. as part of a scheme and the following companies became direct subsidiaries of ACL:

  • Axis Securities Ltd. (formerly Enam Securities Direct Pvt. Ltd.)
  • Axis Finance Ltd. (formerly Enam Finance Pvt. Ltd.)
  • Axis Securities Europe Ltd. (formerly Enam Securities Europe Ltd.)
  • Enam International Ltd., UAE (voluntarily dissolved with effect from 24th August 2014)

Axis Securities Ltd., Axis Finance Ltd. and Axis Securities Europe Ltd. later became direct subsidiaries of the Bank in line with the RBI directives. Enam International Ltd., (UAE) was voluntarily dissolved with effect from 24th August 2014.

Axis Capital offers services in the areas of Equity Capital Markets, M&A, Private Equity, Structured Finance and Institutional Equities to investors, companies and government entities.

The paid-up capital of ACL is Rs.73.50 crore. The net profit of ACL for the year ended 31st March 2021 was Rs.138.21 crore.

ASL was incorporated in India on 21st July 2006. The sales and securities business, including the retail broking business of Axis Capital Ltd., was merged with ASL on 25th May 2013.

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 AXIS DIRECT platform.

The paid-up capital of ASL is Rs.144.50 crore. The net profit for fiscal 2021 is Rs. 164.55 crore.

ATSL was incorporated in India as a wholly-owned subsidiary of the Bank on 16th May 2008 and received its certificate of commencement on 30th 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 crore. The reported net profit is Rs.20.12 crore for fiscal 2021.

AAMC was incorporated on 13th January 2009 and received its certificate of commencement on 4th March 2009. AAMC is in the business of asset 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 approved by the SEBI to act as Investment Manager for Axis Mutual Fund. Axis Mutual Fund is also registered with the SEBI. AAMC is act as Investment Manager to Axis Mutual Fund (the Fund). AAMC manages 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 crore. The reported net profit is Rs.243.73 crore for fiscal 2021.

AMFT was incorporated on 2nd January 2009 and received its certificate of commencement on 4th March 2009. AMFT is acting as a trustee to Axis Mutual Fund.

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.

The paid-up capital of AMFT is Rs.0.05 crore. The reported net profit is Rs.0.15 crore for fiscal 2021.

AFL was incorporated on 27th April 1995. It is a non-deposit accepting non-banking finance company regulated by the RBI. AFL provides Wholesale and Retail lending solutions to Corporate and retail segment customers. AFL offers the products on the retail side include Loan against Property, Business Loan, Consumer Finance, Personal Loan and Loan against Securities and on Wholesale side includes Special Situations Funding, Structured Financing and Real-Estate Financing requirements.

During the year ended 31st March 2021, Axis Private Equity Ltd., a wholly owned subsidiary, has merged with AFL.

The paid-up capital of AFL is Rs.482.25 crore. The reported net profit was Rs.194.62 crore for fiscal 2021.

ATL is a joint venture between Bank and Mjunction Services Ltd. set up on 23rd May 2016. The Bank and Mjunction Services Ltd. each hold 67 per cent. and 33 per cent., of the share capital, respectively. ATL undertakes the activities and operations related to the trade receivable discounting system. ATL owns and operate “Invoicemart” a digital platform which connects MSME suppliers and corporate buyers to multiple financier. This platform enables sellers to get working capital quickly by selling their invoices to financiers.

The paid-up capital of ATL is Rs.65 crore.

ABUK is a wholly-owned overseas subsidiary of the Bank. It was incorporated on 7th March 2011 in the United Kingdom and commenced its operations on 19th April 2013 upon receipt of approval from the FCA. ABUK is in the business of commercial banking, excluding the business of retail mortgage loans.

ABUK has paid-up capital of US$ 80 million (Rs.584.88 crore) as on 31st March 2021.

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

Freecharge is in the business of providing digital payments services through web- & mobile-based platforms and payment gateways. Freecharge, a website and payment application, which customers use to make payments of prepaid, postpaid, DTH, metro recharge and utility bill payments to numerous service providers. Customers also use Freecharge wallet to pay online platforms and at offline shops & stores.

During the year ended 31st March 2021, Accelyst Solution Private Ltd., a wholly owned subsidiary, has merged with Freecharge.

Freecharge has paid-up capital of Rs. 1,763.70 crore. The reported net profit was Rs.36.53 crore for fiscal 2021.

ACUL was incorporated in Delaware on 2nd 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.5.15 crore).

A central tenet in the Bank’s Policy on Corporate Governance is commitment to ethics, integrity, accountability and transparency. To ensure that the highest standards are maintained in these aspects on an on-going basis and to provide safeguards to various stakeholders (including shareholders, depositors and employees) the Bank has formulated a ‘Whistleblower Policy’. The Policy provides stakeholders with the opportunity to address serious concerns arising from irregularities, malpractices and other misdemeanours, if any, committed by the Bank’s personnel by approaching a Committee of senior officials of the Bank, set-up for the purpose (known as the Whistleblower Committee). Concerns relating to senior management can be reported directly to the Audit Committee of the Board. The Policy is intended to encourage stakeholders to report suspected or actual occurrence of illegal, unethical or inappropriate actions, behaviour or practices by staff without fear of retribution. To ensure smooth flow and management of complaints under Whistleblower policy, a web-based application – www.cwiportal.com has also been set up which provides an option for anonymous reporting thereby enabling the stakeholders to lodge their complaints online over a secure platform without fear of revelation of identity. The Policy contains provisions protecting Whistleblowers from any unfair action prejudicial to their interest. The Audit Committee of the Board reviews, on a quarterly basis, a synopsis of the complaints received and the resolution thereof.