Kotak Mahindra Group

Kotak Mahindra Group Founded:1985

The Kotak Mahindra Group is one of Indias leading financial institutions, offering complete financial solutions that encompass every sphere of life.

DescriptionKotak Mahindra Bank is an Indian financial service firm established in 1985

Milestones

Year
Milestone
1986
Kotak Mahindra Finance Limited starts the activity of Bill Discounting
1987
Kotak Mahindra Finance Limited enters the Lease and Hire Purchase market
1990
The Auto Finance division is started
1991
The Investment Banking Division is started. Takes over FICOM, one of India's largest financial retail marketing networks
1992
Enters the Funds Syndication sector
1995
Brokerage and Distribution businesses incorporated into a separate company - KotaK Securities. Investment Banking division incorporated into a separate company - Kotak Mahindra Capital Company
1996
The Auto Finance Business is hived off into a separate company -Kotak Mahindra Prime Limited (formerly known as Kotak Mahindra Primus Limited). Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra Limited, for financing Ford vehicles. The launch of Matrix Information Services Limited marks the Group's 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 the Life Insurance business.
2000
Kotak Securities launches its on-line broking site (now www.kotaksecurities.com). Commencement of private equity activity through setting up of Kotak Mahindra Venture Capital Fund.
2001
Matrix sold to Friday Corporation
2001
Launches Insurance Services
2003
Kotak Mahindra Finance Ltd. converts to a commercial bank - the first Indian company to do so.
2004
Launches India Growth Fund, a private equity fund.
2005
Kotak Group realigns joint venture in Ford Credit; Buys Kotak Mahindra Prime (formerly known as Kotak Mahindra Primus Limited) and sells Ford credit Mahindra.
2005
Launches a real estate fund
2006
Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company and Securities
2008
Launched a Pension Fund under the New Pension System
2009
Kotak Mahindra Bank Ltd. Opened a representative office in Dubai

Entered Ahmedabad Commodity Exchange as anchor investor
2010
Ahmedabad Derivatives and Commodities Exchange, a Kotak anchored enterprise, became operational as a national commodity exchange.
2011
Kotak Mahindra Bank Ltd entered into a Business Cooperation arrangement with CIMB Group Sdn Bhd, Malaysia.

More Information

Key People

 

Products / ServicesBanking & Savings, Loans & Borrowings, Investments & Insurance, Corporate & Institutional

Contact Details

Location Mumbai
Phone Number+91 22 66384444
Company Office Address

Kotak Mahindra Bank Ltd, 36-38A, Nariman Bhavan, 227 Nariman Point, Mumbai - 400 021