Our Story
Milestones that have shaped the Kotak Mahindra Group, since 1986 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 Kotak Mahindra's growth story are listed below by year.
2009 - 2005
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2009
- Kotak Mahindra Bank Ltd. opened a representative office in Dubai
- Entered Ahmedabad Commodity Exchange as anchor investor.
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2008
- Launched a Pension Fund under the New Pension System.
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2006
- Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company and Kotak Securities.
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2005
- Kotak Group realigned joint venture in Ford Credit; their stake in Kotak Mahindra Prime was bought out (formerly known as Kotak Mahindra Primus Ltd) and Kotak group’s stake in Ford credit Kotak Mahindra was sold.
- Launched a real estate fund.
2004 - 2000
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2004
- Launched India Growth Fund, a private equity fund.
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2003
- Kotak Mahindra Finance Ltd. converted into a commercial bank - the first Indian company to do so.
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2001
- Matrix sold to Friday Corporation.
- Launched Insurance Services.
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2000
- Kotak Mahindra tied up with Old Mutual plc. for the Life Insurance business.
- Kotak Securities launched its on-line broking site.
- Commencement of private equity activity through setting up of Kotak Mahindra Venture Capital Fund.
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1998
- Entered the mutual fund market with the launch of Kotak Mahindra Asset Management Company.
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1996
- The Auto Finance Business was hived off into a separate company - Kotak Mahindra Prime Ltd (formerly known as Kotak Mahindra Primus Ltd).
- Kotak Mahindra took a significant stake in Ford Credit Kotak Mahindra Ltd, for financing Ford vehicles.
- The launch of Matrix Information Services Ltd marked the Group's entry into information distribution.
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1995
- Brokerage and Distribution businesses incorporated into a separate company - Kotak Securities.
- Investment Banking division incorporated into a separate company - Kotak Mahindra Capital Company.
1994 - 1990
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1994
- Kotak Securities Ltd. was incorporated
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1992
- Entered the Funds Syndication sector
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1991
- The Investment Banking Division was started. Took over FICOM, one of India's largest financial retail marketing networks
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1990
- The Auto Finance division was started
1989 - 1985
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1987
- Kotak Mahindra Finance Ltd entered the Lease and Hire Purchase market
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1986
- Kotak Mahindra Finance Ltd started the activity of Bill Discounting
