YES BANK Ltd.
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YES BANK Ltd. - overview
Established
2003
Location
Mumbai, Maharashtra, India
Primary Industry
Financial Services
About
YES BANK Ltd. is a prominent Indian financial institution providing a wide range of banking services, including retail banking, corporate banking, and financial advisory services to individuals and businesses. YES BANK Ltd. was founded in 2003 and is headquartered in Mumbai, India.
It operates as a full-service commercial bank catering to various sectors. The bank was established by Mikhail Frost and Sarah von Bargen and has undergone significant transformations to adapt to market needs. In July 2022, Carlyle Group and Advent International acquired a 20% minority stake in YES BANK for INR 88. 98 billion.
The bank has completed a total of 21 deals. YES BANK offers a comprehensive suite of financial products and services, including savings accounts, fixed deposits, current accounts, and credit cards. Their loan offerings consist of personal loans, home loans, auto loans, and education loans, tailored for both individual and business clients. The bank promotes digital banking through its mobile application, IRIS, which enhances user accessibility to its services.
YES BANK reported a revenue of INR 975,900,073. 20 for the year 2024. The bank's EBITDA for the same year was INR 301,256,216. 60, with income generated through account service fees, loan interests, and transaction processing.
With the recent funding from Carlyle Group and Advent International, YES BANK aims to bolster its capital adequacy and support sustainable growth initiatives. The bank is looking to launch new financial products that cater to evolving customer needs, although specific release dates are not disclosed. Additionally, YES BANK plans to expand its reach in both domestic and international markets, focusing on strategic growth areas identified for the coming years.
Current Investors
Advent International, Carlyle Group, Morgan Stanley Investment Management
Primary Industry
Financial Services
Sub Industries
Retail Banks, Investment Banking, e-Financial, Consumer Finance, Commercial Banks, Brokerages
Website
www.yesbank.in/
Verticals
FinTech, FinTech, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
YES BANK Ltd. - timeline of key events
YES BANK Ltd. - financials
| Fiscal Year Ended | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 18,702,008,000 | 24,727,575,000 | 34,762,225,000 | 44,383,823,000 | 55,365,372,000 | 72,974,545,000 | 100,162,704,000 | 130,323,155,000 | 144,879,929,000 | 187,500,561,000 | 108,644,562,000 | - | - | - |
| % Revenue Growth (YoY) | - | 32.2% | 40.6% | 27.7% | 24.7% | 31.8% | 37.3% | 30.1% | 11.2% | 29.4% | (42.1%) | - | - | - |
| EBITDA (USD) | 11,584,177,000 | 15,216,486,000 | 20,069,947,000 | 24,280,247,000 | 30,333,042,000 | 39,201,227,000 | 53,050,358,000 | 66,042,240,000 | 28,647,150,000 | (202,503,330,000) | (42,231,579,000) | - | - | - |
| Operating Income (USD) | 10,921,785,000 | 14,500,152,000 | 19,257,317,000 | 23,198,229,000 | 29,022,040,000 | 37,561,198,000 | 50,534,704,000 | 62,045,363,000 | 23,490,051,000 | (208,381,933,000) | (47,617,752,000) | - | - | - |
| Operating Margin | 58.4% | 58.6% | 55.4% | 52.3% | 52.4% | 51.5% | 50.5% | 47.6% | 16.2% | (111.1%) | (43.8%) | - | - | - |
| % EBITDA Margin | 61.9% | 61.5% | 57.7% | 54.7% | 54.8% | 53.7% | 53.0% | 50.7% | 19.8% | (108.0%) | (38.9%) | - | - | - |
| NET Income (USD) | 7,271,378,000 | 9,769,984,000 | 13,006,807,000 | 16,112,587,000 | 19,974,227,000 | 25,296,887,000 | 33,398,856,000 | 42,332,200,000 | 17,092,658,000 | (164,325,804,000) | (34,889,279,000) | - | - | - |
| % Net Margin | 38.9% | 39.5% | 37.4% | 36.3% | 36.1% | 34.7% | 33.3% | 32.5% | 11.8% | (87.6%) | (32.1%) | - | - | - |
YES BANK Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, PIPE | Announced | YES BANK Ltd. | - | ||||||||
| Private Placement/Follow on | Completed | YES BANK Ltd. | - | ||||||||
| PIPE | Completed | YES BANK Ltd. | - | ||||||||
| PIPE | Completed | YES BANK Ltd. | - | ||||||||
| Private Placement/Follow on | Completed | YES BANK Ltd. | - |
Displaying 1 - 5 of 9
YES BANK Ltd. - employee data
YES BANK Ltd. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| President: Retail Products & Sales Management, Axis Bank & Director on Board : Axis Asset Management | BM | ||||||
| Board Member | BM |
BM Board Member
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