Management Co. Ltd. Kotak Securities Ltd.
- Institutional Equities KMCC - Investment Banking KIAL - Private Equity KIAL - Realty Fund KMPL - Car loans KMIL - LAS, CRE & Corporate loans Kotak General Insurance
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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 the group growth story are listed below year wise.
Reserve Bank of India (RBI) approves merger of ING Vysya Bank with Kotak Mahindra Bank effective April 1, 2015
Thrust on digital and social with the launch of innovative solutions - first-of-its-kind fully integrated social bank account - 'Jifi', and world's first bank agnostic instant funds transfer platform using Facebook - 'KayPay'. Subsequently in Jan 2015, 'Jifi Saver' - a savings bank account with secure and seamless transactions on popular social networks was launched.
Kotak Mahindra Bank acquires 15% equity stake in Multi Commodity Exchange of India Limited (MCX)
Kotak Mahindra Asset Management Company Ltd. acquires schemes of Pinebridge Mutual Fund
Kotak Mahindra Group announces its foray into General Insurance business
Kotak Mahindra Group launches a pension fund under India's National Pension System (NPS)
Kotak Mahindra Bank opens a representative office in Dubai
Kotak Mahindra Bank buys out Goldman Sachs’ equity stake in Kotak Mahindra Capital Company and Kotak Securities Ltd.
Kotak Mahindra Group realigns joint venture with Ford Credit; takes 100% ownership of Kotak Mahindra Prime (formerly known as Kotak Mahindra Primus Limited) and sells its stake in Ford Credit Kotak Mahindra to Ford
Kotak Alternate Assets launches a real estate fund
Kotak Mahindra Group enters alternate assets business with the launch of a private equity fund
Kotak Mahindra Finance Ltd. (KMFL), the group's flagship company, receives banking license from the Reserve Bank of India (RBI). With this, KMFL becomes the first non-banking finance company in India to be converted into a commercial bank - Kotak Mahindra Bank Ltd.
Kotak Mahindra Group launches life insurance business, partners Old Mutual plc to form Kotak Mahindra Old Mutual Life Insurance Ltd.
Kotak Mahindra Group launches India's first gilt fund through Kotak Mahindra Asset Management company (KMAMC)
Auto finance business is hived off into a separate company - Kotak Mahindra Primus Limited (now known as Kotak Mahindra Prime Limited), a joint venture with Ford Credit to finance non-Ford vehicles.
Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra Ltd., for financing Ford vehicles.
Joint venture with Goldman Sachs Group Inc. for investment banking; incorporation of Kotak Mahindra Capital Company (KMCC)
Establishes investment banking division
Starts auto finance division for financing passenger car
Enters lease and hire purchase business
Kotak Mahindra Finance Ltd. commences bill discounting business