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Fincare Small Finance Bank Ltd (Merged)
Next 500 2024
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OVERVIEW
FINANCIALS
About
Fincare Small Finance Bank is a digital-first bank dedicated to enhancing financial inclusion in India. It caters to underserved and unbanked communities by offering a diverse range of banking products, including savings and current accounts, fixed deposits, microloans, and insurance. With a strong focus on technology-driven banking, Fincare ensures seamless digital transactions and doorstep banking services, making financial solutions more accessible. The bank prioritizes customer-centric services, empowering individuals and small businesses with credit and investment opportunities. By bridging the gap between traditional banking and digital accessibility, Fincare plays a crucial role in fostering economic growth at the grassroots level.
Incorporation Year: 1995
Headquarters: Bengaluru, Karnataka, India
Top Management: Rajeev Yadav (MD & CEO)
Industry: BFSI
Website: fincarebank.com
Featured In Fortune India Ranking
Next 500 India
#267(2024)#192(2023)#132(2022)#170(2021)#489(2020)
#267(2024)#192(2023)#132(2022)#170(2021)#489(2020)
Ranking Trend Fortune Next 500 India
Financial Data 2023
Revenue
1,971
(INR Cr)
Net Operating Income
1,744
(INR Cr)
Assets
12,468
(INR Cr)
Profit
104
(INR Cr)
Net Worth
1,314
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1971 19.8% | 1645 19.5% | 1377 13.2% | 1216 80.1% | 675 92.5% | 351 89.0% | 186 239.7% | 55 3.0% | 53 - |
| Net Operating Income (INR Cr) | 1744 20.40% | 1449 15.79% | 1251 16.89% | 1070 76.86% | 605 92.67% | 314 87.63% | 167 210.21% | 54 2.33% | 53 - |
| Profit (INR Cr) | 104 1068.4% | 9 -92.2% | 113 -21.1% | 143 40.7% | 102 - | -98 - | 9 225.1% | 3 -61.4% | 7 - |
| Assets (INR Cr) | 12468 14.4% | 10902 36.8% | 7967 12.0% | 7116 70.6% | 4172 83.4% | 2274 89.9% | 1198 371.7% | 254 42.1% | 179 - |
| Net Worth (INR Cr) | 1314 9.3% | 1202 18.1% | 1018 12.6% | 904 35.7% | 666 97.3% | 338 -22.4% | 435 896.8% | 44 6.5% | 41 0.0% |
| Employee Cost (INR Cr) | 568 37.9% | 412 42.5% | 289 11.3% | 260 43.9% | 181 52.4% | 119 129.0% | 52 310.3% | 13 50.8% | 8 - |
| Interest Cost (INR Cr) | 654 | 570 | 550 | 452 | 229 | 119 | 66 | 23 | 23 |
| Cash & Bank Balance (INR Cr) | 772 | 1236 | 1156 | 1083 | 522 | 252 | 310 | 54 | 39 |
| Total Debt (INR Cr) | 10817 | 9400 | 6719 | 6022 | 3326 | 1796 | 631 | 233 | 157 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.3% | 0.5% | 8.2% | 11.8% | 15.1% | - | 4.7% | 4.9% | 13.1% |
| Profit As % Of Assets | 0.8% | 0.1% | 1.4% | 2.0% | 2.4% | - | 0.7% | 1.1% | 3.9% |
| Profit As % Of Networth | 7.9% | 0.7% | 11.1% | 15.9% | 15.3% | - | 2.0% | 6.1% | 16.9% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - |
| RONW | 8.2% | 0.8% | 11.8% | 18.2% | 20.2% | - | 3.6% | 6.3% | 16.9% |
| ROCE | - | - | - | - | - | - | - | - | - |