A 100% subsidiary of India’s fastest growing bank, Kotak Mahindra Bank Ltd., Kotak General Insurance was established to service the growing non-life insurance segment in India. In April 2015, Kotak General Insurance received the license to start the business and since then it has a national footprint of 19 branches spread across India and has 793 employees as on September 2020. At Kotak General Insurance, we value customer service, quality and innovation above everything else.
The company aims to cater to a wide range of customer segment & geographies offering an array of non-life insurance products like Motor, Health, Home and Commercial.
As a practice, the company seeks to provide a differentiated value proposition through customized products & services leveraging state of art technology & digital infrastructure.
Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd. The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on 31st March, 2020, Kotak Mahindra Bank Ltd has a national footprint of 1,600 branches and 2,519 ATMs, and branches in GIFT City and DIFC (Dubai). For more information, please visit the company’s website at https://www.kotak.com/
The Kotak Mahindra Group is one of the leading financial services conglomerates in India, and received its banking license from the Reserve Bank of India (RBI) in February 2003.
To find out more, please visit www.kotak.com
Kotak Mahindra Finance Ltd. commences bill discounting business
Enters lease and hire purchase business
Starts auto finance division for financing passenger car
Establishes investment banking division
Joint venture with Goldman Sachs Group Inc. for investment banking; incorporation of Kotak Mahindra Capital Company (KMCC)
6Auto 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.
Kotak Mahindra Group launches India's first gilt fund through Kotak Mahindra Asset Management company (KMAMC)
Kotak Mahindra Group launches life insurance business, partners Old Mutual plc to form Kotak Mahindra Old Mutual Life Insurance Ltd.
Kotak Mahindra Finance Ltd. receives its banking license from the RBI, becomes the first non-banking financial company in India to be converted into a commercial bank – Kotak Mahindra Bank Ltd.
Kotak Mahindra Group enters alternate assets business with the launch of a private equity fund
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 Bank buys out Goldman Sachs’ equity stake in Kotak Mahindra Capital Company and Kotak Securities Ltd.
Kotak Mahindra Bank opens a representative office in Dubai
Kotak Mahindra Group launches a pension fund under India's National Pension System (NPS)
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 socia
l 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
16 Reserve Bank of India (RBI) approves merger of ING Vysya Bank with Kotak Mahindra Bank effective April 1, 2015
Kotak Mahindra General Insurance Receives IRDAI Approval To Commence Insurance Business
Kotak Mahindra Bank Acquires 10,00,000 Equity shares of Institutional Investor Advisory Services India Limited
Kotak Mahindra Bank Acquires 9,83,82,022 (19.90%) Equity Shares of Airtel M Commerce Services Limited Company (AMSL)
Kotak Mahindra Bank launches International Banking Unit in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat
Kotak Mahindra Bank Acquires BSS Microfinance Private Limited
For more information, please visit www.kotak.com/about_us
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