KOTAK MAHINDRA BANK Share price

The Company was incorporated on November 21 1985 as KotakCapital Management Finance Limited and obtained the Certificateof Commencement of Business on February 11 1986. The initialPromoters of the Company are Mr. Uday S. Kotak Mr. S.A.A. Pintoand Kotak & Co. In early 1986 the existing Promoters werejoined by the late Harish Mahindra and Mr. Anand G. Mahindra.The Company''s name was changed on April 8 1986 to its presentname Kotak Mahindra Finance Limited.Within a short span the Company has established itself as one ofthe known financial houses in the country. It commencedoperations with bill discounting and soon started other fundbased activities like corporate leasing and hire purchaseautomobile finance and money market operations. Subsequentlyit also entered the funds syndication and investment bankingbusiness.With the liberalisation of the Indian economy and opening up ofthe financial markets the Company diversified and startedoffering a wider spectrum of financial services. To meet theincreasing competition from global players in the Indianfinancial markets in terms of capital knowledge basetechnology and systems the Company decided to restructure itsinvestment banking and car finance divisions into joint venturecompanies. As a result of this restructuring of businesses theJoint Venture companies have been well capitalised have accessto the skills expertise and experience technology systems andprocesses of the Joint Venture partners. Through these JointVenture partners these companies have access to internationalclients and business.