Gurgaon is an important and economically developed city in the Indian state of Haryana which falls within the territorial boundaries of the National Capital Region. It acts as a satellite city to the capital city of New Delhi. Its name was officially changed to Gurugram in 2016. Popularly referred to as the Millenium City, Gurgaon has witnessed rapid development over the past 30 years. It is one of the Indian cities with the highest per capita income. This planned and organized urban agglomerate is divided into 36 wards, which are further divided into blocks with many apartments and residential complexes. The main road through Gurgaon is the NH-8 expressway which joins Delhi to Jaipur. The city hosts the offices and outlets of 250 out of the Fortune 500 companies and it is a major haven for outsourcing and employment. The DLF Cyber City in Gurgaon is a large IT hub which hosts many of these offices. Famous educational institutions like the MDI Gurgaon, ITM University, The Shri Ram School are situated in Gurgaon. Entertainment and commercial centers such as Ambience Mall, Epicentre, etc. have opened up plentifully. The city is witnessing speedy urbanization and is on its way to becoming a leading financial and industrial hub.
On 31st October 1904, The Kumbakonam Bank Limited as it was then called was incorporated as a limited company. The first MOA was signed by 20 devoted and prominent citizens of Kumbakonam including T.S.Raghavachariar, Sarvashri R. Santhanam Iyer, S.Krishna Iyer, and V.Krishnaswami Iyengar. The First Agent of the Bank was T.S.Raghavachariar. He was succeeded by Shri R. Santhanam Iyer, who was designated as Secretary of the bank under the amended Articles of Association which states that "now onwards the secretary will be the in charge of the Banks Management in place of an agent." Shri S. Mahalinga Iyer succeeded him as Secretary who subsequently became the First full-time MD of the Kumbakonam bank as per the amendment of Articles in 1929. From 1926 to 1929, he held the position of Secretary and that of MD from 1929 to 1963. in the beginning. The bank preferred the role of a regional rural bank and slowly built an office in the Delta District, Thanjavur. On 24th January 1930, the first branch of the Bank was opened at Mannargudi. After that, branches were opened at several places within a span of 25 years. On November 14, the bank celebrated its golden jubilee at Kumbakonam.