Raise is building technology-led financial services for users in India, focusing on consumer products and infrastructure services.

Raise

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, rural, public provident fund, pension, and Demat accounts; fixed and recurring deposits; and safe deposit lockers; as well as offshore accounts and deposits, overdrafts against fixed deposits, and sweep-in facilities. It also provides personal, home, car, two wheeler, business, educational, gold, consumer, and rural loans; loans against properties, securities, rental receivables, and assets; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, healthcare/medical equipment and commercial vehicle finance, dealer finance, and term and professional loans. The company offers credit, debit, prepaid, and forex cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; insurance and investment products. It provides short term finance, bill discounting, structured finance, export credit, loan syndication, and documents collection services; online and wholesale, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; and channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services, as well as financial solutions for supply chain partners and agricultural customers. As of March 31, 2022, the company had 21,683 banking outlets; 6,342 branches; and 18,130 automated teller machines in 3,188 cities/towns. HDFC Bank Limited was incorporated in 1994 and is based in Mumbai, India.

Hasmukhbhai Parekh

HDFC Bank Limited

ICICI Bank Limited provides various banking products and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life insurance, General insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits. It also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities, card swipes, and schools and colleges; and credit, debit, prepaid, travel, and corporate cards. In addition, the company offers insurance products; pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services, as well as other services to agri corporates. Further, it provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, project and technology finance, and institutional banking services, as well as Internet, mobile, and phone banking services. Additionally, the company offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. As of March 31, 2022, it had a network of 5,418 branches and 13,626 ATMs. ICICI Bank Limited was founded in 1955 and is headquartered in Mumbai, India.

ICICI Bank Limited

Axis Bank Limited provides financial services in India and internationally. It operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. The Treasury segment is involved in investments in sovereign and corporate debt, and equity and mutual funds, as well as in trading operations, derivative trading, and foreign exchange operations The Retail Banking segment engages in the provision of lending services to individuals/small businesses; liability products, card services, internet banking, mobile banking, ATM services, depository, financial advisory services, and NRI services. The Corporate/Wholesale Banking segment offers corporate advisory, placements and syndication, project appraisals, capital market related, and cash management services. The Other Banking Business segment is involved in para banking activities. The company operates 4,759 branches. It also has a network of 10,990 ATMs and 5,972 recyclers; and eight international offices with branches at Singapore, Dubai, and Gift City, India; and representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah. The company was formerly known as UTI Bank Limited and changed its name to Axis Bank Limited in July 2007. Axis Bank Limited was incorporated in 1993 and is based in Mumbai, India.

Metric
Company Name	Raise	HDFC Bank Limited	ICICI Bank Limited	Axis Bank Limited
Symbol		HDFCBANK	ICICIBANK	AXISBANK
MSH ID	CO:RAISEHOLDING	COM:HDFCBANK	COM:ICICIBANK	COM:AXISBANK
Market	PRIVATE	STOCKS	STOCKS	STOCKS
Sector	Financial Services & Finance	Financial Services	Financial Services	Financial Services
Industry	Fintech	Banks - Regional	Banks - Regional	Banks - Regional
Country	IN	IN	IN	IN
Stage	Venture Round
Employee Count		173.22K	157.80K	104.63K
Website	raiseholding.co	hdfcbank.com	icicibank.com	axisbank.com
LinkedIn				axis-bank
Founders

Metric
Market Cap		145.68B	102.89B	47.31B
Enterprise Value
Monthly Web Traffic	838.09K	114.07M	50.79M	24.23M
Web Traffic Growth	-0.07	0.05	-0.13	0.01
Valuation
Raised Capital		500M		444.27M

Metric
Revenue	48.17B	27.87B	16.29B
Revenue (LTM)
Revenue (NTM)
Gross Profit	48.17B	27.87B	16.29B
EBITDA	-163.45M	20.28M	159.51M
Operating Income	9.04B	-215.36M	-4.41M
Net Income	7.56B	5.22B	3.12B
EPS	1.06	0.75	1.01
Diluted EPS	1.06	0.73	1.00
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.89	1	1
Operating Profit Margin	0.31	0.37	0.34
EBITDA Margin	-0.00	0.00	0.01
Net Profit Margin	0.26	0.28	0.28
Return on Equity	0.17	0.19	0.18
Return on Assets	0.02	0.02	0.02
Return on Capital Employed	0.02	0.03	0.02

CO:RAISEHOLDING

Raise

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	21.25	16.90	24.39
P/B Ratio	1.45K	2.94	2.19
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	4.48	4.97	4.91
EV Multiple	44.20	30.49	16.53

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover	0.11	0.09	0.07

Metric
Operating Cash Flow	9.41B	10.13B	5.78B
Free Cash Flow	8.91B	9.70B	5.49B
Cash Flow to Debt	0.00	0.00	0.00
Operating Cash Flow/Sales	0.00	0.00	0.00
Free Cash Flow Yield	0.00	0.00	0.00

Metric
Cash & Equivalents	27.02B	-19.22B	13.75B
Accounts Receivable
Inventory
Goodwill		292.10M	34.15M
Debt to Capitalization	0.65	0.45	0.60
Debt to Assets	0.20	0.09	0.16
Current Ratio
Quick Ratio			0.25

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.01	0.00	0.00
R&D to Revenue
SG&A to Revenue	0.04	0.12