Axis Bank was established in 1994 as the first private sector bank in India after liberalization. It has over 21,000 employees and a network of over 1,200 branches and 7,500 ATMs across India. Axis Bank reported steady growth in profits over recent years, with net income reaching Rs. 3,344 crore in 2011. The bank offers a range of consumer, corporate and investment banking products and services. Strengths include support from prominent shareholders and knowledge of the Indian market, while threats include competition from foreign and government-owned banks.