Maheshtala is an emerging city situated in the Indian State of West Bengal. It is a major municipality in South West Kolkata. The area falls under the Kolkata Metropolitan Development Authority or KMDA in the South 24 Parganas district of the state. There are around half a million residents of Maheshtala who are employed in various service sectors of the KMDA area. Maheshtala is well connected to various parts of the state via the Kolkata Suburban Railway. A London-based company along with a Bengali NRI has embarked upon a joint venture with the Maheshtala Municipality on a grand project to develop a mini township called the Maheshtala project. Once completed, the 44 buildings of the projects will house 2240 middle-income group flats. The company plans on improving the road infrastructure in the area to ensure a quick development.
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.