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In February 2003, Kotak Mahindra Finance received a banking licence from the Reserve Bank of India, becoming India's first non-banking finance company to be converted into a bank. Kotak Mahindra Finance was then renamed Kotak Mahindra Bank. [15] At the time, Uday Kotak had a 56% stake in the company while Anand Mahindra held a 5% stake. [16]
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Kotak Mutual Fund is an Indian mutual fund that is managed by Mahindra Asset Management Company (KMAMC). KMAMC started operations in December 1998 and as of 2018, had approximately 74 Lakh investors in various schemes. [6] The fund is a wholly-owned subsidiary of Kotak Mahindra Bank.
The Kotak Mahindra Group was founded in 1985 as a provider of financial services. [8] [9] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. [10]
Zeta has partnerships with IDFC Bank, [18] Sodexo, [19] Excelity Global, [20] Kotak Mahindra Bank [21] [22] and RBL Bank. [15] Zeta launched the first employee benefits survey in India along with Nielsen Holdings in April 2018. [23] It also bought a minority stake in PeopleStrong in January 2018. [24]
Zurich Kotak General Insurance Company is an Indian general insurance company headquartered in Mumbai. It offers non-life insurance products like motor, car, bike, health, travel, home and others. [3] It is 70% owned by Swiss insurance company Zurich Insurance.
Uday Suresh Kotak (born 15 March 1959) is an Indian billionaire banker and founder of Kotak Mahindra Bank, where he is a non-executive director. [2] He resigned from his CEO position in September 2023. [ 3 ]
Manoj Kishorbhai Kotak is an Indian politician. He is a member of the Bharatiya Janata Party. He has served Lok Sabha, Parliament of India from Mumbai North East since 2019. He served 3-terms as a Corporator in the Brihanmumbai Municipal Corporation and was leader of the Bharatiya Janata Party in the Corporation. [2] [3] [4] [5]