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Kotak Mahindra Primus was subsequently renamed as Kotak Mahindra Prime. [18] In 2006, Kotak Mahindra Bank bought out Goldman Sachs' 25% stake in Kotak Mahindra Capital for ₹ 210 crore (US$46.35 million) and 25% in Kotak Securities for ₹ 123 crore (US$27.15 million), turning both companies into its wholly-owned subsidiaries. [19]
Pages in category "Kotak Mahindra Bank" The following 9 pages are in this category, out of 9 total. This list may not reflect recent changes. A. Airtel Payments Bank;
Government of Arunachal Pradesh (joint venture, Government of India sold its stake to the Government of Arunachal Pradesh) 13: Madhya Pradesh Ashok Hotel Corporation: 2017: Government of Madhya Pradesh (transferred ownership to the Government of Madhya Pradesh) 14: Hotel Janpath: 2018: Bloom Hotel Group: 15: Bharatpur Ashok Hotel Corporation: 2017
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]
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 ]
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.
IIFL and its group companies are backed by Canadian investor Prem Watsa, private equity firm General Atlantic and CDC Group, the UK Government's private equity arm. [5] [6] [7] IIFL is ranked among the top seven financial conglomerates in India [8] and as the top independent financial services firm in India in terms of market capitalisation. [9]
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