Kotak Mahindra
HISTORY
SR Batliboi & Co. Kotak Mahindra Group was established in 1985 as Kotak Capital Management Finance. The name was changed into Mahindra Finance. It was engaged in bill discounting activities. Later it entered into lease and hire purchase market, auto finance, investment banking and other banking activities.
Kotak Mahindra Bank is part of the Kotak Mahindra Group with a networth of over Rs. 5,997 crore.
It employs over 20,000 people in India and aboard.Today the group provides services to around 5 million customers .
Presently it is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. It caters to the financial needs of individuals and corporates.
Kotak Bank has an international presence through its subsidiaries with offices in in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India
Products and Services
In personal panking to offers a wide range of products and services in deposits, loans, investments, insurance, forex services, demat services, online services and wealth management services.
In NRI banking it offers money transfer, Investment products such as International deposits, mutual funda, money transfer facility, remittance facility, loan, etc.
Priority banking It provides products and services to high networth individuals (HNIs) clients such as deposits, loans, cards, investments, etc.
In business banking it caters to SME, retail, NRI and other corporates offering a spectrum of products and services.
Awards
Kotak Investment Banking was honoured with “Best Investment Bank” and “Best Equity House in India” at Finance Asia Best Bank Awards 2008.
Kotak Mutual Fund's Kotak Bond Short-term was awarded ICRA Mutual Fund Gold Award in the short-term Debt category for 1 year & 3 yeara – 2008.
Kotak Investment Bank bagged “Best Investment Bank” in the domestic category in India by Finance Asia for the second year in a row.
Kotak Mutual Fund was given the ‘best debt fund house’ and also was awarded ‘wealth creator award’ at Outlook Money NDTV Profit 2007 awards.
COMPANY COMPETITOR
ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Yes Bank, Centurion Bank of Punjab, Indusind Bank, Federal Bank, J&K Bank, ING Vysya Bank, Karur Vysya Bank, SouIndBank, Karnataka Bank, City Union Bank, Bank of Rajasthan, Dhanalakshmi Bank, Lakshmi Vilas Bank
Other Related Details
Date of Establishment 1985
Revenue 605.281 ( USD in Millions )
Market Cap 260384.1400193 ( Rs. in Millions )
Corporate Address 36-38 A Nariman Bhavan,227 Nariman Point , Mumbai,Maharashtra
Company Website www.kotak.com
Management Details
Chairperson - Shankar Acharya
MD - Uday Kotak
Directors - Anand G Mahindra, Anand Mahindra, Asim Ghosh, Bina Chandarana, C Jayaram, Cyil Shroff, Cyril Shroff, Dipak Gupta, Jaimin Bhatt, K M Gherda, Pradeep N Kotak, Shankar Acharya, Shishir Bajaj, Shivaji Dam, Sudipto Mundle, Uday Kotak
Business Operation
Bank - Private
Background
Kotak Mahindra Group was established in 1985 as Kotak Capital Management Finance. The name was changed into Mahindra Finance. It was engaged in bill discounting activities. Later it entered into lease and hire purchase market, auto finance, investment banking and other banking activities.
Kotak Mahindra Bank is part of th Kotak Mahindra Group with a networth of over Rs. 5,997 crore.It employs over 20 Financials.
Total Income - Rs. 34230.066 Million ( year ending Mar 2009)
Net Profit - Rs. 2760.972 Million ( year ending Mar 2009)
Company Secretary Bina Chandarana
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