Bank of Maharashtra
Fortune 500 2024
+ 14 More
+ 14 More
Share
Share
OVERVIEW
FINANCIALS
NEWS
About
Bank of Maharashtra was established in 1934 when the Mahratta Chamber of Commerce felt the need for a separate bank for the state of Maharashtra. Soon after, it was officially registered in 1935 and began operations from 1936. It remained under private ownership till 1969, when it was nationalised with 13 other banks. The bank provides personal, agriculture, corporate, and NRI banking with approximately 5000 branches. Its products include credit and debit cards, mutual funds, government savings and investment schemes, loans, and insurance, among others. The Confederation of Indian Micro, Small, and Medium Enterprises awarded Bank of Maharashtra the Best Bank title for promoting government schemes.
Incorporation Year: 1935
Headquarters: Pune
Top Management: Nidhu Saxena
Industry: BFSI
Website: bankofindia.co.in
Featured In Fortune India Ranking
Fortune 500 India
#101(2024)
#118(2023)
#116(2022)
#103(2021)
#110(2020)
#120(2019)
#115(2018)
#102(2017)
#89(2016)
#93(2015)
#91(2014)
#107(2013)
#129(2012)
#140(2011)
#130(2010)
#101(2024)#118(2023)#116(2022)#103(2021)#110(2020)#120(2019)#115(2018)#102(2017)#89(2016)#93(2015)#91(2014)#107(2013)#129(2012)#140(2011)#130(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
23,509
(INR Cr)
Net Operating Income
20,495
(INR Cr)
Assets
307,342
(INR Cr)
Profit
4,072
(INR Cr)
Net Worth
18,427
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 23509 29.3% | 18182 16.0% | 15674 8.0% | 14518 10.4% | 13155 5.9% | 12418 -1.7% | 12636 -7.0% | 13587 -3.6% | 14090 3.0% | 13686 6.4% | 12864 22.1% | 10536 34.0% | 7862 28.9% | 6099 14.5% | 5327 10.9% | 4804 - |
| Net Operating Income (INR Cr) | 20495 28.91% | 15899 22.12% | 13019 9.70% | 11869 3.25% | 11496 5.95% | 10850 -2.22% | 11096 -8.00% | 12062 -7.59% | 13053 3.06% | 12665 5.93% | 11957 24.37% | 9613 33.26% | 7214 29.68% | 5563 17.47% | 4736 10.35% | 4292 - |
| Profit (INR Cr) | 4072 56.3% | 2605 125.9% | 1153 101.8% | 571 43.3% | 399 - | -4763 - | -1112 - | -1356 - | 118 -74.6% | 465 16.6% | 399 -48.2% | 769 76.1% | 437 30.5% | 335 -23.9% | 440 16.7% | 377 - |
| Assets (INR Cr) | 307342 14.8% | 267840 16.1% | 230796 17.2% | 196852 16.4% | 169191 2.5% | 165012 5.5% | 156449 -1.9% | 159411 -1.0% | 161029 10.2% | 146073 7.1% | 136360 16.6% | 116981 28.3% | 91156 19.2% | 76477 7.6% | 71082 20.4% | 59052 - |
| Net Worth (INR Cr) | 18427 28.7% | 14317 14.7% | 12485 12.1% | 11136 15.5% | 9645 113.9% | 4510 -49.5% | 8937 42.7% | 6262 -17.2% | 7564 6.4% | 7107 23.5% | 5756 22.0% | 4718 24.8% | 3779 28.0% | 2953 22.4% | 2413 16.3% | 2074 17.0% |
| Employee Cost (INR Cr) | 2838 37.9% | 2058 -0.6% | 2071 -8.2% | 2256 29.3% | 1745 -2.8% | 1795 10.9% | 1619 -10.5% | 1808 17.3% | 1542 -5.7% | 1634 2.3% | 1597 34.3% | 1189 6.7% | 1114 -3.8% | 1158 76.5% | 656 13.0% | 581 - |
| Interest Cost (INR Cr) | 10672 | 8157 | 6974 | 6970 | 7216 | 7115 | 7706 | 8886 | 9174 | 8790 | 8447 | 6580 | 4696 | 3594 | 3439 | 3035 |
| Cash & Bank Balance (INR Cr) | 30312 | 18529 | 19916 | 12942 | 10447 | 9155 | 15884 | 16642 | 9320 | 6753 | 6102 | 6173 | 5744 | 4049 | 6695 | 4105 |
| Total Debt (INR Cr) | 278445 | 244830 | 210022 | 178228 | 153720 | 150785 | 143030 | 147177 | 148208 | 133237 | 125120 | 107208 | 83467 | 69915 | 66092 | 54507 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 17.3% | 14.3% | 7.4% | 3.9% | 3.0% | - | - | - | 0.8% | 3.4% | 3.1% | 7.3% | 5.6% | 5.5% | 8.3% | 7.8% |
| Profit As % Of Assets | 1.3% | 1.0% | 0.5% | 0.3% | 0.2% | - | - | - | 0.1% | 0.3% | 0.3% | 0.7% | 0.5% | 0.4% | 0.6% | 0.6% |
| Profit As % Of Networth | 22.1% | 18.2% | 9.2% | 5.1% | 4.1% | - | - | - | 1.6% | 6.5% | 6.9% | 16.3% | 11.6% | 11.3% | 18.2% | 18.2% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 24.9% | 19.4% | 9.8% | 4.1% | 3.7% | - | - | - | 1.6% | 7.2% | 6.6% | 16.9% | 11.3% | 11.4% | 19.6% | 19.6% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |