Private sector lender YES Bank has become the first Indian company to have over 50 lakh shareholders, according to the shareholding pattern of the bank on March-end.
Tata Power is ranked second with 38.5 lakh shareholders, followed by Reliance Industries with 33.6 lakh shareholders, according to the December 2022 shareholding disclosures.
| Rank | Company | Shareholders |
|---|---|---|
| 1 | YES Bank | 50 lakh+ |
| 2 | Tata Power | 38.5 lakh |
| 3 | Reliance Industries | 33.6 lakh |
The bank had 50.6 lakh shareholders as of March 31, 2023, all of whom were public shareholders. This was an increase from 48.1 lakh shareholders as of December 2022, most likely owing to the end of the three-year lock-in period for shareholders that held equity shares of the bank when it underwent the reconstruction scheme in March 2020.
The end of the lock-in period on March 13 allowed for more shares of the bank to be available for public trade. As such, the number of shareholders of the bank has been steadily increasing since the 17.9 lakh shareholders at the time of implementation of the YES Bank reconstruction scheme. Since then, the total number of shares held has also more than doubled from 1,255 crore to 2,875 crore.
About Yes Bank
Yes Bank is an Indian bank headquartered in Mumbai, India[5] and was founded by Rana Kapoor and Ashok Kapoor in 2004.
| Type | Public |
| Traded as | BSE: 532648 NSE: YESBANK |
| ISIN | INE528G01035 |
| Industry | Banking, Financial services |
| Founded | 2004; 19 years ago |
| Founder | Rana Kapoor “Late Ashok Kapur”. 28 November 2008. |
| Headquarters | Mumbai, Maharashtra, India |
| Key people | Sunil Mehta (Chairman) Prashant Kumar (MD & CEO) |
| Revenue | ₹22,423 crore (US$2.8 billion) (2022) |
| Operating income | ₹1,433.68 crore (US$180 million) (2022) |
| Net income | ₹1,064.04 crore (US$130 million) (2022) |
| Total assets | ₹273,543 crore (US$34 billion) (2021) |
| Total equity | ₹33,196 crore (US$4.2 billion) (2020) |
| Number of employees | 23800 (2021) |
| Capital ratio | 17.0% |
| Website | www.yesbank.in |