Founded in 1985 by Uday Kotak as a financial services firm, the Kotak Mahindra Group received its banking license in 2003, becoming the first non-bank financial company in India to convert into a bank Today, it operates through multiple subsidiaries:
Kotak Mahindra Bank – retail and corporate banking, with ~60,000 employees
Asset Management Company – one of India’s largest mutual funds (5th largest) with 8.1 million investors kotakmf.com
General & Life Insurance
Investment Banking & Stock Broking
Auto and Vehicle Finance (Kotak Prime)
Alternate Assets & Private Equity
With a national presence of over 4,400 branches and international offices in London, New York, Dubai, Singapore, Mauritius, and more