Axis Bank office

Corporate Profile

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 4,758 domestic branches (including extension counters) with 10,990 ATMs & 5,972 cash recyclers spread across the country as of 31st March 2022. The Bank has 6 Axis Virtual Centers with over 1,500 Virtual Relationship Managers as of 31st March 2022. The Overseas operations of the Bank are spread over eight international offices with branches in Singapore, Dubai (at DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking, Liability Businesses, and Private Banking/Wealth Management offerings.

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 shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

With a balance sheet size of Rs. 11,75,178 crores as on 31st March 2022, Axis Bank has achieved consistent growth and with a 5-year CAGR (2016-17 to 2021-22) of 14% each in Total Assets & Advances and 15% in Deposits.

Committee of Directors

Name of MembersCategory
S. VishvanathanChairman
Ketaki BhagwatiMember
Rajiv AnandMember
Vasantha GovindanMember

Audit Committee of the Board

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

Risk Management Committee

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

Stakeholders Relationship Committee

Name of MembersCategory
S. Vishvanathan Chairman
Vasantha GovindanMember
Rajiv AnandMember
Manoj KohliMember

Nomination and Remuneration Committee

Name of MembersCategory
Meena Ganesh Chairperson
Rakesh Makhija Member
Girish ParanjpeMember
TC Suseel KumarMember

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
Manoj KohliMember

Information Technology and Digital Strategy Committee

Name of MembersCategory
Gopalaraman PadmanabhanChairman
Amitabh ChaudhryMember
Girish ParanjpeMember
S. VishvanathanMember
Ashish KotechaMember
Manoj KohliMember

Corporate Social Responsibility Committee

Name of MembersCategory
Rakesh MakhijaChairman
Rajiv Anand Member
Meena Ganesh Member
Prof S. Mahendra DevMember

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

Environmental, Social and Governance Committee

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

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 an authorized share capital of Rs. 850 crores comprising 4,250,000,000 equity shares of Rs.2/- each as on 31st  March 2022. The Bank has issued, subscribed and paid-up equity capital of Rs. 613.95 crores, constituting 306,97,47,836 equity shares of Rs.  2/- each as on 31st March 2022. 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 4,758 domestic branches (including extension counters) with 10,990 ATMs & 5,972 cash recyclers spread across the country as on 31st March 2022. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2022.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 in Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking, Liability Businesses and Private/Banking/Wealth Management offerings.

The Bank at present has following 9 subsidiaries and 2 step-down subsidiaries:

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 subsidiaries -
Axis Capital USA LLC (subsidiary of Axis Capital Ltd.)
Axis Pension Fund Management Ltd. (subsidiary of Axis Asset Management Company 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 the 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. subsequently 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 Ltd. offers services in the areas of Equity Capital Markets, Debt Capital Markets, M&A and Advisory, Forex and Derivative solutions, Private Equity, Structured Finance and Institutional Equities to investors, companies and government entities.

The paid-up capital of ACL is Rs.73.50 crores. The net profit of ACL for the year ended 31st March 2022 was Rs.189.28 crores.

ASL was incorporated in India on 21st 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 31st March 2022 was Rs. 229.13 crores.

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 crores. ATSL reported a net profit of Rs.23.23 crores for the year ended 31st March 2022.

AAMC was incorporated on 13th January 2009 and received its certificate of commencement on 4th 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. 402.20 crores for the year ended 31st March 2022.

AMFT was incorporated on 2nd January 2009 and received its certificate of commencement on 4th 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.0.16 crores for the year ended 31st March 2022.

AFL was incorporated in India as a wholly-owned subsidiary of the Bank on 27th 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. 538.51 crores. AFL reported a net profit of Rs. 346.34 crores for the year ended 31st March 2022.

A.Treds Ltd. is a joint venture between the Bank and Mjunction Services Ltd. It was set up on 23rd May 2016. The Bank and Mjunction Services Ltd. 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 operates “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 crores.

ABUK is a wholly-owned overseas subsidiary of the Bank and undertakes the activities of banking. It was incorporated on 7th 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.416.86 crores) as on 31st March 2022. The subsidiary is currently under closure mode.

Freecharge Payment Technologies Private Ltd. was acquired by the Bank (from Jasper Infotech Private Ltd.) on 6th 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 based recharge platform which enables users to recharge mobile talktime, DTH recharge, pay mobile bills, utility bills, data cards etc.

FPTPL has a paid-up capital of Rs. 1,763.70 crores. The reported net profit was Rs.22.59 crores for the year ended 31st March 2022.

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.5.34 crores).

Axis Pension Fund Management Limited (APFML) was incorporated on 17th 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 1st 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.

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.