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Our Story

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
  • 2009

    • Kotak Mahindra Bank Ltd. opened a representative office in Dubai
    • Entered Ahmedabad Commodity Exchange as anchor investor.
  • 2008

    • Launched a Pension Fund under the New Pension System.
  • 2006

    • Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company and Kotak Securities.
  • 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
  • 2004

    • Launched India Growth Fund, a private equity fund.
  • 2003

    • Kotak Mahindra Finance Ltd. converted into a commercial bank - the first Indian company to do so.
  • 2001

    • Matrix sold to Friday Corporation.
    • Launched Insurance Services.
  • 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.
  • 1998

    • Entered the mutual fund market with the launch of Kotak Mahindra Asset Management Company.
  • 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.
  • 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
  • 1994

    • Kotak Securities Ltd. was incorporated
  • 1992

    • Entered the Funds Syndication sector
  • 1991

    • The Investment Banking Division was started. Took over FICOM, one of India's largest financial retail marketing networks
  • 1990

    • The Auto Finance division was started
1989 - 1985
  • 1987

    • Kotak Mahindra Finance Ltd entered the Lease and Hire Purchase market
  • 1986

    • Kotak Mahindra Finance Ltd started the activity of Bill Discounting