journeytimelineconf

Our Story

From launching Kotak Mahindra Finance Ltd. in 1985 to becoming one of the country’s most trusted financial institutions today, it’s been quite a journey.
Here are some of the biggest milestones we've crossed along the way.

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2009

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1991

1990

1987

1985

Kotak Announces Organisational Developments at the Leadership Level

Zurich acquires majority stake in Kotak General Insurance; to build a leading general insurer for India

Kotak Mahindra Bank Limited announces acquisition of Sonata Finance, a Leading Microfinance Institution

Kotak Pullela Gopichand Badminton Academy

Kotak Mahindra Bank Acquires DLL India’s Agri and Healthcare Equipment Financing Portfolio

Kotak Group Launched investment super-app 'Kotak Cherry'

Kotak Mahindra Bank launches Kotak FYN

Kotak Mahindra Bank makes an equity investment in KFin Technologies

Kotak Mahindra Group acquires vehicle financing portfolio of Volkswagen Finance

Sale of 200 million equity shares (~8.57% shareholding on a fully diluted basis) of Airtel Payments Bank Limited to Bharti Enterprises Limited

Kotak Mahindra Bank invests In IBBIC Private Limited

Kotak Mahindra Bank issues India’s first FPI license to an AIF incorporated in GIFT IFSC

Kotak Mahindra Bank invests in Ferbine Private Limited

Kotak Mahindra Bank receives Approval for Collection of Direct and Indirect Taxes

Kotak Mahindra Bank raises Rs 7,400 crore through a qualified institutional placement (QIP) of shares

Kotak 811 Launches India’s first zero-contact, video KYC savings account

Kotak Mahindra Bank launches its first international branch in Dubai, UAE

Buyout of 26% Old Mutual plc UK (OM) stake in Kotak Mahindra Old Mutual Life Insurance Limited

Launch of Kotak Infrastructure Debt Fund Limited

Kotak Mahindra Bank Acquires BSS Microfinance Private Limited

Kotak Mahindra Bank Unveils Bold Organic Growth Charter with 811

Kotak Mahindra Bank Receives RBI's nod to Set-up Kotak Infrastructure Debt Fund Limited

Kotak Mahindra Bank Announces to Buy Out 26% of Old Mutual's JV Stake in Kotak Mahindra Old Mutual Life Insurance

Kotak Mahindra Bank Raises Rs. 5,800 Crore Through QIP Issuance

Acquisition of 10,00,000 equity shares of Institutional Investor Advisory Services India Ltd.

Acquisition of 9,83,82,022 (19.90%) equity shares of Airtel M Commerce Services Ltd. Co.(AMSL)

Launch of international banking unit in GIFT City, Gandhinagar, Gujarat.

Acquisition of BSS Microfinance Pvt. Ltd.

RBI approves merger of ING Vysya Bank with Kotak Mahindra Bank effective April 1, 2015.

Kotak Mahindra General Insurance receives IRDA Approval to commence insurance business.

Innovative solutions such as Jifi and KayPay launched for digital and social media.

Acquisition of 15% equity stake in Multi Commodity Exchange of India Ltd. (MCX)

Launch of pension fund under India's National Pension System (NPS)

Opening of the Bank’s representative office in Dubai.

We buy out Goldman Sachs’ equity stake in KMCC and Kotak Securities Ltd.

Realignment of joint venture with Ford Credit International

Real Estate fund launched by Kotak Alternate Assets.

Kotak Mahindra Group enters alternate assets business with the launch of a private equity fund

KMFL becomes India’s first non-banking finance company to be converted into a commercial bank.

Launch of Kotak Mahindra Old Mutual Life Insurance Ltd. in partnership with Old Mutual PLC.

India’s first gilt fund launched through Kotak Mahindra Asset Management company (KMAMC).

Launch of Kotak Mahindra Primus Ltd. (now Kotak Mahindra Prime Ltd.), a joint venture with Ford Credit.

Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra Ltd., for financing Ford vehicles.

Launch of KMCC, a joint venture with Goldman Sachs Group for investment banking.

Investment banking division established.

Launch of auto finance division for financing passenger cars.

Entry into lease and hire purchase business.

Kotak Mahindra Finance Ltd. commences bill discounting business.

Kotak has evolved over the years...

1985

Established Kotak Capital Management Finance Ltd focused on Bill Discounting.

2003

Kotak Mahindra Finance Ltd. becomes India’s first non-banking finance company to convert into a commercial bank.

2014

Merger of ING Vysya Bank with Kotak Mahindra Bank.

2017

Launch of 811 - India’s unique full-service digital banking ecosystem.