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Radar · Banks in Maharashtra

Best Banks Companies in Maharashtra, India

The 115 best Banks companies in Maharashtra, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: IDFC First Bank.

115companies tracked
$1.9Bdisclosed funding
1unicorns
4have raised

Ranked: Best Banks companies in Maharashtra

#CompanyDisclosed fundingLast roundRevenueEmployeesFounderApp-install YoYRecent signals
1Abhyudaya Co-Operative Bank
Co-operative bank
———150Premnath Salian
Managing Director
——
2Adarniya P.D. Patilsaheb Sahakari Bank
Urban co-operative bank
————Najmuddin Gulab Momin
CEO
——
3Aditya Anagha
Provider of deposit accounts, loans, and related financial services
———2,500———
4Ambarnath Jai-Hind Co-Op Bank
Urban co-operative bank
———24Vilas Desai Saheb
Founder & Chairman
——
5Apna Sahakari Bank
Urban co-operative bank
————Prakash Kondurkar
CEO
——
6Axis Bank
Provider of diverse personal, business, NRI, and agricultural banking services
————Amitabh Chaudhry
CEO & MD
+43%—
7Barclays
Provider of debit cards, investment, and cash management services
———7,100———
8Barclays Bank
Provider of wealth management, investment banking, and financial services
————C Venkatakrishnan
CEO
+43%—
9Baroda Global Shared Services
Commercial bank
——$34M
FY2025
30,000——5 job openings

Top 12 Banks companies in Maharashtra

#1
Public · Mumbai, Maharashtra · founded 1997 · 931 employees
$1.6Braised
▾

Commercial bank. The bank offers a wide range of personal and business banking products, including savings and current accounts, loans, investments, credit cards, and wealth management. It positions itself as a customer-centric, ethical, and technology-driven institution, aiming to build a world-class bank.

Fliar Intelligence Index™ 95how this company ranks against its industry peers
Customers
top 7%
Innovation
top 10%
Funding
top 16%
Market
top 17%
Tech
top 17%
Product
top 20%
Customers: Play-Store rating 4.86★ across 2,669,257 ratings (6 apps) · Review volume +21% in 6 mo · Marquee-customer mentions: top 4% of tracked companies
Innovation: 9 new-product events in 24 mo
Funding: Raised $1.6B across 3 rounds · 3 rounds over 6 yrs (0.5/yr) · Last round Post IPO (Apr 2025)
Funding rounds
  • Apr 2025Post IPO$878.4M
  • Oct 2023Post IPO—
  • Apr 2021Post IPO$408.8M
  • Jun 2020Post IPO$263.7M
Founders & team
Deepak TandonCo-Founder Wildflower Business Solutions Pvt LtdVembu VaidyanathanCEO & MD
Investors
Baillie Gifford, BNP Paribas, Bajaj Allianz, HDFC Life, Tata AIA Life Insurance, ICICI Prudential Life Insurance
Tech stack
Adobe Experience ManagerAkamaiAkamai Bot ManagerAkamai MpulseAngularAnimate.Css
#2
Series B · Mumbai, Maharashtra · founded 2008 · 8354 employees
$110.9Mraised
▾

Small finance bank offering savings accounts, deposits, and loan products. It provides banking solutions including savings and current accounts, term and recurring deposits, and various loan options like home, vehicle, and microfinance loans. The bank facilitates banking through mobile and internet platforms, UPI, business correspondents, and branch services.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 190k LinkedIn followers
Funding rounds
  • May 2020Series B$8.3M
  • Mar 2019Series B$35.9M
  • Feb 2017Series B$23.9M
  • Jun 2016Series B$15M
Founders & team
Ramakrishnan LCo-Founder & OwnerBaskar RamachandranCo-Founder&CEO
Investors
TVS Capital Funds, responsAbility, Growth Catalyst Partners, HDFC, Gaja Capital, IFC
Tech stack
BootstrapCdnjsCloudflareCodeigniterDartFacebook Pixel
#3
Acquired · Mumbai, Maharashtra · founded 1943 · 12202 employees
$120.6Mraised
▾

Commercial bank. It offers a range of personal and business banking products and services, include secure online banking services, credit cards, loans, and other financial solutions to its customers. It also provides various online platforms and mobile applications to facilitate convenient banking and financial management.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 803k LinkedIn followers — 4.1% of this cohort's audience
Activity: 1 expansions announced in 12 mo
Founders & team
Veena MankarCo-Founder & DirectorR SubramaniakumarMD & CEO
Investors
Eastbridge Group, WFM Asia, ICICI Prudential Life Insurance, Gaja Capital, British International Investment, EQT
#4
Late Stage · Mumbai, Maharashtra · founded 2004 · 29387 employees
$4.6Mraised
▾

Commercial bank. The bank services includes savings & salary account, credit cards, corporate banking, insurance, mortgage loans, private banking. It also offers wealth management, investment banking to individual & business. In 2019, the company recorded annual revenues of $4.6B, and a net loss of $2.9B.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1.5M LinkedIn followers — 7.9% of this cohort's audience
Funding rounds
  • Dec 2022Post IPO$1.1B
  • Mar 2020Post IPO$978.9M
  • Nov 2019Post IPO$12.3M
  • Aug 2019Post IPO$270.5M
Founders & team
Rajan PentalExecutive DirectorPrashant KumarCEO & MD
Investors
SBI, Axis Bank, ICICI Bank, HDFC Bank, Federal Bank, Bandhan Bank
Tech stack
JavaOracle Weblogic ServerAkamai Bot ManagerDigicertAkamaiOracle Dynamic Monitoring Service
#5
Public · Mumbai, Maharashtra · founded 1994 · 213527 employees
$85Mraised
▾

Centurion Bank of Punjab (formerly Centurion Bank) is a diversified financial institution providing personal banking, wealth management, corporate banking, and forex services among others.

Founders & team
Aditya PuriCEO
Investors
ICICI Venture, GW Capital Group, ChrysCapital, Citi, Evolvence Equity Partners
#6
Public · Mumbai, Maharashtra · founded 2006 · 2895 employees
$35Mraised
▾

Commercial bank. The bank has its roots in FINO PayTech, which is an end-to-end customer sourcing and servicing player providing low-cost payment technology with an extensive services delivery channel. FINO group also works directly in micro-lending and micro-insurance through their NBFC Intrepid Finance& Leasing. Provides savings and current account products, and payment products and cards in line with RBI guidelines.

Funding rounds
  • Mar 2018Series A—
  • Dec 2009Series A$15M
  • 2007Series A$20M
Founders & team
Manish KheraCo-FounderRishi GuptaMD & CEO
Investors
Intel Capital, IFC, Intel Education Accelerator, HSBC, SoftBank Capital, Temasek
Tech stack
AngularBootstrapClevertapFont AwesomeGoogle Font ApiHsts
#7
Public · Mumbai, Maharashtra · founded 1906 · 51825 employees
—raised
▾

Bank of India provides financial services to retail, corporate, MSME, rural and NRI clients. Incorporate banking, it provides Cash Management Services, Project Finance & Syndication Services, Loans, Trade Finance, and Cash Management Services. In rural banking, it provides short term capital to farmers through different cards such as Kisan Credit Card, Shatabdi Krishi Vikas Card, Kisan Samadhan Card and Star Bhumiheen Kisan Card. In 2022, the company recorded annual revenues of $6.36B and a net profit of $0.4B.

Founders & team
Rajneesh KarnatakCEO
Investors
Financial Services, Life Insurance Corporation of India
Tech stack
JavaBootstrapGoogle CloudGoogle AdsOwl CarouselJquery Ui
#8
Public · Mumbai, Maharashtra · founded 1911
—raised
▾

Provider of retail banking services including loans and investment accounts. It offers include savings and deposit accounts, credit cards, and various loan products. The entity provides mechanisms for tax payments, utility bill settlements, and investment management in mutual funds and government schemes. It provides services through digital portals for fund transfers, account management, and document submission. The organization maintains security protocols for electronic banking and provides support for managing financial assets and debt obligations.

Founders & team
A ManimekhalaiCEO & MD
Tech stack
BoomerangBootstrapFont AwesomeHstsJqueryModernizr
#9
Public · Pune, Maharashtra · founded 1935 · 12977 employees
—raised
▾

Commercial bank

Founders & team
Nidhu SaxenaManaging Director and CEO
Investors
Life Insurance Corporation of India, Aditya Birla, National Portal of India
Tech stack
Microsoft Asp.NetBootstrapSwiperModernizrJqueryGoogle Tag Manager
#10
Acquired · Mumbai, Maharashtra · founded 1964 · 18205 employees
$7.7Braised
▾

Bank focused on providing home, auto, education & property loans. Its services include mobile & internet banking, a positive pay system, debit card PIN generation, soft token, fixed deposit accounts, and online payment services.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 541k LinkedIn followers — 2.7% of this cohort's audience
Activity: 1 partnerships (incl. Switch Mobility Automotive Ltd.) announced in 12 mo
Founders & team
Tarun PrasadDeputy General ManagerZumer DamaniaDeputy General ManagerKavita KotianDeputy General Manager
Investors
SBI, Axis Bank, Indian Bank, Yes Bank, ICICI Bank, IDBI Bank
Tech stack
AngularApolloBootstrapChart.JsFont AwesomeGoogle Font Api
#11
Public · Mumbai, Maharashtra · founded 1911 · 30770 employees
—raised
▾

Commercial bank

Founders & team
Pallav MohapatraCEO & Managing DirectorSorabji PochkhanawalaFounderMatam Venkata RaoCEO & Managing Director
Investors
Life Insurance Corporation of India
Tech stack
DrupalPhpBootstrapBackbone.JsUnderscore.JsSlick
#12
Public · Pune, Maharashtra · founded 1994 · 45637 employees
—raised
▾

Provider of personal and business banking products and services. It other services include debit & credit cards, savings & current accounts, video KYC, microfinance, personal & commercial vehicle loans, credit cards, and SME loans. In 2022, the company recorded annual revenues of $5.54B and a net profit of $0.93B

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1.7M LinkedIn followers — 8.5% of this cohort's audience
Founders & team
Rajiv AnandCEO & MD
Investors
JPMorgan Chase, General Atlantic, Hinduja Group, India Capital Growth, Life Insurance Corporation of India, Norwest
Tech stack
Amazon AdvertisingAmazon CloudfrontAmazon S3Amazon Web ServicesAmazon WebstoreAzure Edge Network

Funding & investor landscape

$1.9Btotal disclosed funding
6companies funded
40disclosed rounds
0rounds last 90 days
Most active investors
Life Insurance Corporation of India6 rounds
Beacon India5 rounds
ICICI Bank5 rounds
Norwest5 rounds
Temasek5 rounds
ChrysCapital4 rounds
IFC4 rounds
Nepean Capital4 rounds
True North4 rounds
WestBridge Capital4 rounds

Notable founders

Deepak Tandon
Co-Founder Wildflower Business Solutions Pvt Ltd · IDFC First Bank
Vembu Vaidyanathan
CEO & MD · IDFC First Bank
Ramakrishnan L
Co-Founder & Owner · Suryoday
Baskar Ramachandran
Co-Founder&CEO · Suryoday
Veena Mankar
Co-Founder & Director · RBL Bank
R Subramaniakumar
MD & CEO · RBL Bank
Rajan Pental
Executive Director · Yes Bank
Prashant Kumar
CEO & MD · Yes Bank
Aditya Puri
CEO · Centurion Bank
Manish Khera
Co-Founder · Fino Payments Bank
Rishi Gupta
MD & CEO · Fino Payments Bank
Rajneesh Karnatak
CEO · Bank of India
Prism market signals · India · country-scoped Prism corpus, 6,060,314 docs

Market landscape — 10 sub-themes by coverage

Share of Banks coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

Common questions

How many Banks companies are there in Maharashtra, India?
Radar tracks 115 indexable Banks companies headquartered in Maharashtra, India, India, that meet our profile-completeness bar.
What is the total funding raised by Banks companies in Maharashtra, India?
The Banks companies in Maharashtra, India on this list have raised a combined $1.9B in disclosed equity funding across 6 funded companies.
Which is the highest-funded Banks company in Maharashtra, India?
IDFC First Bank is the highest-funded Banks company in Maharashtra, India, with $1.6B in disclosed equity funding.
How many Banks companies in Maharashtra, India are funded?
6 of the 115 Banks companies in Maharashtra, India on this list have disclosed at least one equity funding round.
How many Banks unicorns are there in Maharashtra, India?
1 Banks company in Maharashtra, India on this list is valued at $1B or more.
Who are the top investors in Maharashtra, India Banks companies?
The most active investors in Maharashtra, India Banks companies on this list include Life Insurance Corporation of India, Beacon India, ICICI Bank, Norwest, Temasek.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

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