Established in: 1985
Managing Director: Ashok Vaswani
Kotak Mahindra Bank Limited is a banking and financial services company, headquartered in Mumbai, Maharashtra. The bank offers banking and financial services to retail and corporate customers, specialising in personal finance, investment banking, life insurance and wealth management.
Kotak Mahindra Limited, formerly known as Kotak Mahindra Finance Limited, launched its IPO and went public in 1992. The IPO issued shares at ₹45 per share, which listed an dopened between ₹1,300-1,400 per share.
History of Kotak Mahindra Bank Limited
Kotak Capital Management Finance Limited was established by Uday Kotak in 1985 with initial seed capital gathered from family and friends. The company initially focused on bill discounting. In 1986, Ananad Mahindra and Harish Mahindra invested in the company, which led to it being renamed as Kotak Mahindra Finance Limited.
In the early 90s, the company entered into car financing through Kotak Mahindra Primus and investment banking by entering into a strategic partnership with Goldman Sachs to set up Kotak Mahindra Capital.
In 2003, Kotak Mahinda Finance Limited received its banking license and converted into Kotak Mahindra Bank Limited, becoming the first company to gain a banking license in India.
In 2014, Kotak Mahindra Bank Limited acquired ING Vysya Bank to expand its domestic branch network and operations. In the following years, the bank became a financial conglomerate which offered comprehensive financial services.
Business Segments of Kotak Mahindra Bank Limited
The following are the business segments of Kotak Mahindra Bank Limited.
These business segments offer loans such as home loans, personal loans, digital banking services and credit cards to retail customers.
This business segment provides credit, cash management, trade services, along with other financial services to large corporations, conglomerates, and public sector companies.
The bank provides retail two-wheeler and car financing to individuals and wholesale trade financing to auto dealerships through its subsidiaries.
This segment oversees the bank’s money market investments, forex markets, derivatives, primary dealerships of government securities and asset-liability management.
This business segment offers portfolio management services, mutual fund distributions and investment management through its subsidiary Kotak Mahindra Asset Management Company.
This business segment oversees life and general insurance products through its subsidiary companies, Kotak Mahindra Life Insurance and Kotak General Insurance.
Kotak Mahindra Bank Limited also offers securitisation and other speciality loans or services, which are handled via its subsidiaries.
Subsidiaries of Kotak Mahindra Bank Limited
The following are the subsidiaries of Kotak Mahindra Bank Limited.
- Kotak Mahindra Prime Limited
- Kotak Securities Limited
- Kotak Mahindra Capital Company Limited
- Kotak Mahindra Life Insurance Company Limited
- Kotak Mahindra Investments Limited
- Kotak Mahindra Asset Management Co. Limited
- Kotak Mahindra Trustee Company Limited
- Kotak Mahindra Pension Fund Limited
- Kotak Mahindra (International) Limited
- Kotak Mahindra Limited in the UK.
- Kotak Mahindra Inc.
- Kotak Mahindra Asset Management Pte Limited in Singapore
- Kotak Alternate Asset Managers Limited
- Kotak Mahindra Trusteeship Services Limited
- Kotak Infrastructure Debt Fund Limited
- IVY Product Intermediaries Limited
- BSS Sonata Microcredit Limited
- Kotak Mahindra Financial Services Limited
- Kotak Karma Foundation
Awards and Recognition Received by Kotak Mahindra Bank Limited
The following awards and recognitions were received by Kotak Mahindra Bank Limited.
- Best Private Sector Bank by Financial Express Best Banks Awards
- Excellence in Customer Service Award by India Banking Summit Awards
- India's Strongest Bank by Asian Banking Awards
- Digital Bank of the Year by India Banking Summit & Awards
- Digital Private Bank of the Year by The Asset Triple A Digital Awards
- Best Private Bank (India) by Euromoney Awards
- Padma Bhushan by the President of India
- Dealmaker of the Year by Mint India Investment Summit & Awards
Kotak Mahindra Bank Financial Highlights
- Revenue: Kotak Mahindra Bank reported revenue of ₹1,07,563.70 crore in FY26 vs ₹1,03,076.10 crore in FY25. It showed an increase of 4.35% on a yearly basis.
- Operating Profit: Kotak Mahindra Bank reported an operating profit of ₹25,992.72 crore in FY26 vs ₹28,989.03 crore in FY25. It showed a decrease of 10.34% on a year-on-year basis.
- Net Profit: Kotak Mahindra Bank reported a net profit of ₹19,180.62 crore in FY26 vs ₹21,945.74 crore in FY25. It showed a decrease of 12.60% on a yearly basis.
Kotak Mahindra Bank Quarterly Result Highlights
- Kotak Mahindra Bank reported revenue of ₹30,068.60 crore in Jun 2026, compared with ₹28,107.60 crore in Mar 2026, representing an increase of 6.98% on a quarter-on-quarter (QoQ) basis.
- Kotak Mahindra Bank reported an operating profit of ₹7,508.86 crore in Jun 2026, compared with ₹7,443.21 crore in Mar 2026, representing an increase of 0.88% on a quarter-on-quarter (QoQ) basis.
- Kotak Mahindra Bank reported a profit of ₹5,487.06 crore in Jun 2026, compared with ₹5,401.55 crore in Mar 2026, reflecting an increase of 1.58% on a QoQ basis.
- The earnings per share (EPS) of Kotak Mahindra Bank stood at ₹19.40 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.