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Posts Tagged ‘Kotak Mahindra Bank’

Since the inception of the erstwhile Kotak Mahindra Finance Limited in 1985, it has been a steady and confident journey leading to growth and success. The milestones of Kotak Mahindra’s growth story are listed below by year.

Kotak Mahindra Bank Ltd is a one stop shop for all banking needs. The bank offers personal finance solutions of every kind from savings accounts to credit cards, distribution of mutual funds to life insurance products. Kotak Mahindra Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. Kotak Bank has one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals.

Kotak Mahindra Bank

Kotak Mahindra Bank

Major corporate events (Milestone)
Year Events

1985 Uday Kotak, Sidney A A Pinto and Kotak & Company promote Kotak Capital Management Finance Limited
1986 The company changes its name to Kotak Mahindra Finance Limited
1987 Kotak Mahindra Finance Limited enters the lease and hire purchase market
1990 Launches auto finance division
1991 Starts investment banking division. Takes over FICOM, one of India’s largest financial retail marketing networks
1995 Incorporates brokerage and distribution businesses as a separate entity, Kotak Securities. Incorporates the investment banking division as a separate company, Kotak Mahindra Capital Company
1996 Spins off the auto finance business as Kotak Mahindra Prime Limited (formerly known as Kotak Mahindra Primus Limited). Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra Limited, to finance Ford vehicles. Launches Matrix Information Services, marking its entry into information distribution
1998 Enters the mutual fund market with the launch of Kotak Mahindra Asset Management Company
2000 Kotak Mahindra ties up with Old Mutual plc for a life insurance business
2003 Kotak Mahindra Finance Ltd converts into a commercial bank – the first Indian company to do so
2004 Launches India Growth Fund, a private equity fund
2005 Kotak Group buys Kotak Mahindra Prime and sells Ford Credit Kotak Mahindra