ESAF - About the company
ESAF is a public company based in Thrissur (India), founded in 1992. It operates as a Microfinance banks. ESAF has raised $112M in funding from investors like Dia Vikas, PNB MetLife and ESAF Co-Operative. The company has 16 active competitors, including 4 funded and 8 that have exited. Its top competitors include companies like Slice, Jana Small Finance Bank and Capital Small Finance Bank.
Company Details
- Website
- esafbank.com
- Social
- Email ID
- *****@esafbank.com
- Phone Number
- +91 **********
- Registered Address
- X/109/M4, SECOND FLOOR HEPHZIBAH COMPLEX, MANNUTHY, MANNUTHY-PA, LAKKAD NH, Thrissur, MANNUTHY, Kerala, India, 680651
Key Metrics
Founded Year
1992
Location
Thrissur, India
Stage
Public
Total Funding
$112M in 5 rounds
Latest Funding Round
Ranked
5th among 16 active competitors
Annual Revenue
₹4,330Cr as on Mar 31, 2025
Employee Count
6,057 as on Mar 31, 2026
Exit Details
Public
Legal entities associated with ESAF
ESAF is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ESAF FINANCIAL HOLDINGS PRIVATE LIMITED CIN: U65910KL1996PTC077288 , India, Active | Sep 27, 1996 | $2.49M (As on Mar 31, 2019) | - | |
ESAF SMALL FINANCE BANK LIMITED CIN: L65990KL2016PLC045669 , India, Active | May 05, 2016 | $512M (As on Mar 31, 2025) | 13159 (As on Jan 31, 2025) |
ESAF's IPO details
ESAF got listed on Nov 10, 2023.
Click here to take a look at ESAF's IPO in detail
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ESAF's funding and investors
ESAF has raised a total funding of $112M over 5 rounds. Its first funding round was on Jun 22, 2009. Its latest funding round was a Series C round on Mar 31, 2021 for $*****. 77 investors participated in its latest round. ESAF has 11 institutional investors and 98 angel investors.
Here is the list of recent funding rounds of ESAF:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 31, 2021 | 8163863 | Series C | 4811562 | 8371167 | 8691781 | 7547338 |
Nov 15, 2018 | 2706034 | Angel | 1235070 | 1044441 | 2791312 | 7905611 |
Jul 31, 2018 | 5721434 | Series B | 6906111 | 6148452 |
Access funding benchmarks and valuations. Sign up today!View details of ESAF's funding rounds and investors
ESAF's founders and board of directors
Founder? Claim ProfileESAF's Board of Directors
ESAF's board has 8 active members. Paul Thomas Kadambelil is part of team and Alex Parackal George, Asha Morley, Ravimohan Periyakavil Ramakrishnan, Vikraman Ampalakkat, Joseph Vadakkekara Antony, Vinod Vijayalekshmi Vasudevan and Eby Thomas are independent board members.Here is the list of ESAF's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
krmgbvu | Team | - | Past | 6y 8m |
mpclkwz | Team | - | Past | 9y 7m |
goiju{f | Team | - | Past | 9y 6m |
ngqnann | Team | - | Past | 5y 9m |
iy{ay{u | Team | - | Past | 2y 6m |
Independent board member | - | Current | 9y 3m | |
kcfzipq | Independent board member | - | Current | 8y 7m |
rablgak | Independent board member | - | Current | 7y 1m |
wplyxen | Independent board member | - | Current | 9y 1m |
sqowyx{ | Independent board member | - | Current | 4y 1m |
czu{tlf | Independent board member | - | Past | 3y 4m |
rozymsr | Independent board member | - | Past | 9y 9m |
{ibzedy | Independent board member | - | Past | 2y 7m |
bvexauw | Independent board member | - | Past | 4y 3m |
axutt{{ | Independent board member | - | Past | 1y 7m |
uz{elgt | Independent board member | - | Past | 6y 4m |
iavoewj | Independent board member | - | Past | 7y 2m |
lpywjzl | Independent board member | - | Past | 4y 8m |
enczqub | Independent board member | - | Past | 4y 6m |
hofnpss | Independent board member | - | Past | 3y 8m |
ykk{tcj | Independent board member | - | Past | 3y 2m |
ESAF's employee count trend
ESAF has 6,057 employees as of Mar 26. Here is ESAF's employee count trend over the years:
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ESAF's Competitors and alternates
Top competitors of ESAF include Slice, Jana Small Finance Bank and Capital Small Finance Bank. Here is the list of Top 10 competitors of ESAF, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of credit card and banking services with digital account access | $342M | 85/100 | ||
2nd |  Jana Small Finance Bank 1999, Bengaluru (India), Public | Microfinance bank | $814M | 80/100 | |
3rd | Capital Small Finance Bank 2016, Jalandhar (India), Public | Microfinance bank | $52.1M | 79/100 | |
4th | Small finance bank offering savings accounts, deposits, and loan products | $111M | 79/100 | ||
5th | Microfinance banks | $112M | 72/100 | ||
6th |  Utkarsh Bank 2009, Varanasi (India), Public | Small finance bank | $33M | 76/100 | |
7th | Ujjivan Small Finance Bank 2005, Bengaluru (India), Public | Small finance bank | $154M | 70/100 | |
8th | AU Small Finance Bank 1996, Jaipur (India), Public | Small finance bank | $136M | 69/100 | |
9th |  Equitas Small Finance Bank 2007, Chennai (India), Public | Small finance bank | $195M | 65/100 | |
10th | Fincare Small Finance Bank 2007, Bengaluru (India), Series D | Micro-finance bank | $175M | 65/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on ESAF's competitors? Click here to see the top ones
ESAF's Latest cap tables and shareholding
Founders own 7.16%, Funds own 1.94%, Parent Entities (largest shareholder) own 62.46% and Enterprises own 19.21%. The net worth of ESAF's founders is INR 241Cr as of Mar 31, 2021.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 7.16% | 241Cr | 9144532 | 6326480 | 8036615 | 1212435 |
Fund | 1.94% | 65.5Cr | 5 | 8 | 8 | 4 |
Parent Entity | 62.46% | 2,110Cr | 3764982 | 1393940 | 3052827 | 5187314 |
Enterprise | 19.21% | 648Cr | 2442132 | 3249608 | 1735404 | 2413869 |
Angel | 9.20% | 311Cr | 2048019 | 1845506 | 5396022 | 1062971 |
59 | 21 | 44 | 95 | 83 | 37 | |
Total | 99.97% | 3,370Cr | 5822069 | 2886574 | 6042270 | 2603088 |
To unlock detailed Cap Table of ESAF Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of ESAF's Shareholding
ESAF's Investments and acquisitions
ESAF has made 3 investments including Credif, Samunnati and NPCI. ESAF has not made any acquisitions as of now.Here is the list of its investments:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 17, 2025 | Investments | 1992 | Jalandhar (India) | |
Apr 07, 2025 | Investments | 2014 | Chennai (India) | |
Nov 21, 2020 | Investments | 2005 | Mumbai (India) |
Want to know more about where corporates are investing? Sign up today!See all investments by ESAF
News related to ESAF
Filter this listMedia has covered ESAF for a total of 8 events in the last 1 year, 3 of them have been about company updates and 1 about people movement.
•
ESAF SFB Posts Double-Digit Growth in Deposits, 38% Loan Growth | Q4 UpdateCNBC-TV18•Apr 05, 2026•ESAF
•
Karthikeyan Manickam is the New Chairman of ESAF Small Finance BankMedia Bulletins•Jan 03, 2026•ESAF
•
ESAF Small Finance Bank Secures Industry-Best ESG Rating Of 75.4 From CareedgeNews Experts•Nov 27, 2025•ESAF
•
Utkarsh, ESAF small finance banks gear up for equity raiseMoneycontrol•Sep 15, 2025•ESAF, Utkarsh Bank
•
ESAF Small Finance Bank Selects SugarCRM for Customer Relationship Management and Digital BankingBusiness Wire•Jul 31, 2025•ESAF, SugarCRM
•
ESAF Small Finance Bank selects Kyndryl for IT transformation and digital bankingExpress Computer•Jun 10, 2025•ESAF, Kyndryl
•
Samunnati Secures ₹2,300 Crore in Funding, Expands Lender BaseYourStory•Apr 07, 2025•Samunnati, Anicut Capital, Alteria Capital, Altifi and 16 others
•
Tata Power & ESAF Bank partner to expand rural India's renewable energy access.Business News This Week•Mar 06, 2025•ESAF, Tata Group, Tata Power
•
ESAF Small Finance Bank posts strong secured asset growth despite loss in Q3 FY25Business News Today•Feb 11, 2025•ESAF
•
ESAF Small Finance Bank faces Rs 190cr loss in Q2 amid higher provisions, CASA deposits surgeBusiness News Today•Nov 14, 2024•ESAF
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