IDFC First Bank Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
IDFC First Bank is an Indian universal bank established with a focus on ethical, digital, and social good banking. It was officially formed after the merger of IDFC Bank Limited and Capital First Bank in 2018. It is now led by V. Vaidyanathan, former MD and CEO of ICICI Prudential Life Insurance Company, with the intent of providing financial services to small businesses. These services include accounts, deposits, loans, cards, investments, insurance, and offers. The bank’s net worth has increased by ₹11,274 cr since 2018 to stand at ₹26,531 cr on June 30, 2023. IDFC First Bank was awarded the Best Mid-Sized Bank title at the 17th Mint BFSI (Banking, Financial Services, and Insurance) Summit & Awards, 2025.
Incorporation Year: 2014
Headquarters: Mumbai
Top Management: V. Vaidyanathan
Industry: BFSI
Website: www.idfcfirstbank.com
Featured In Fortune India Ranking
Fortune 500 India
#72(2024)
#84(2023)
#91(2022)
#82(2021)
#81(2020)
#111(2019)
#145(2018)
#137(2017)
#280(2016)
#168(2011)
#168(2010)
#72(2024)#84(2023)#91(2022)#82(2021)#81(2020)#111(2019)#145(2018)#137(2017)#280(2016)#168(2011)#168(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
36,257
(INR Cr)
Net Operating Income
30,325
(INR Cr)
Assets
296,390
(INR Cr)
Profit
2,942
(INR Cr)
Net Worth
32,274
(INR Cr)
Fortune India Coverage
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Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 36257 33.3% | 27195 33.7% | 20345 11.9% | 18180 1.2% | 17963 37.9% | 13028 27.5% | 10218 6.5% | 9597 136.9% | 4052 - | 0 - |
| Net Operating Income (INR Cr) | 30325 33.43% | 22728 32.35% | 17173 7.54% | 15968 -1.68% | 16240 33.07% | 12204 34.13% | 9098 6.06% | 8578 135.10% | 3649 - | 0 - |
| Profit (INR Cr) | 2942 18.4% | 2485 1778.1% | 132 -72.6% | 483 - | -2843 - | -1908 - | 880 -13.6% | 1019 118.2% | 467 - | -3 - |
| Assets (INR Cr) | 296390 23.5% | 240009 26.2% | 190244 16.6% | 163160 9.3% | 149234 -10.8% | 167203 32.1% | 126570 12.8% | 112260 34.7% | 83333 - | 0 - |
| Net Worth (INR Cr) | 32274 24.9% | 25848 22.6% | 21082 17.8% | 17900 16.2% | 15404 -15.4% | 18199 19.2% | 15274 4.1% | 14677 0.0% | 13633 - | -3 0.0% |
| Employee Cost (INR Cr) | 5634 31.7% | 4279 38.0% | 3100 34.7% | 2302 28.2% | 1795 40.3% | 1279 62.7% | 786 27.9% | 615 139.6% | 257 - | 0 - |
| Interest Cost (INR Cr) | 13870 | 10091 | 7465 | 8585 | 10228 | 8743 | 7126 | 6515 | 2802 | 0 |
| Cash & Bank Balance (INR Cr) | 12481 | 13779 | 15702 | 5773 | 4163 | 9526 | 4877 | 5140 | 2904 | 0 |
| Total Debt (INR Cr) | 251506 | 201682 | 158502 | 134322 | 122476 | 140337 | 105327 | 90360 | 65379 | 0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.1% | 9.1% | 0.7% | 2.7% | - | - | 8.6% | 10.6% | 11.5% | - |
| Profit As % Of Assets | 1.0% | 1.0% | 0.1% | 0.3% | - | - | 0.7% | 0.9% | 0.6% | - |
| Profit As % Of Networth | 9.1% | 9.6% | 0.6% | 2.7% | - | - | 5.8% | 6.9% | 3.4% | - |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - |
| RONW | 9.6% | 9.4% | 0.6% | 2.6% | - | - | 6.4% | 7.2% | 6.9% | - |
| ROCE | - | - | - | - | - | - | - | - | - | - |