Ichalkaranji is a city in the Kolhapur district of the Indian state of Maharashtra. The city is known for its textile manufacturing industry and the export of textile goods. This city was initially a Maratha Princely state which is situated on the banks of the Panchganga River. It lies in the Panchganga valley, quite near to the neighboring city of Kohlapur. There are seven hamlets within Ichalkaranji. Ichalkaranji Municipal Council looks after the civic administration of the city. There are 65 wards in the city that are governed by the elected council members. The textile business boosts the economy of this city and raised the per capita income to Rs.116,472. Hence, the city is often referred to as the "Manchester of Maharashtra." Engineering, especially the manufacture of measuring instruments, is the second largest industry here and considerably contributes to the economy of the city. The finance sector also has a prominent presence in Ichalkaranji and provides employment opportunities to many residents. Sugarcane is also heavily cultivated at Ichalkaranji. The city has several schools and colleges that offer different types of education and courses. There are many institutes offering research facilities.
Established in 1994,the IndusInd Bank Ltd is a Mumbai based bank which offers commercial and electronic banking products and services. The Union Finance Minister, Mr.Manmohan Singh inaugurated it in April 1994. The operations of the bank started under the chairmanship of S.P Hinduja on 17th April 1994, with the aim of serving to the NRI community. The name of the bank is inspired from the Indus Valley Civilization.The bank began with a capital amount of Rs.1 billion out of which Rs. 600 million had been raised by the Indian residents and rest of the amount by NRIs.Among the new-generation private banks, IndusInd Bank is the first in India. The bank has its specialization in retail banking, and it keeps on upgrading its support systems through new technologies. It is also expanding its branches all across the country along with global spread. The IndusInd bank has its subsidiaries in Abudhabi, London, and Dubai. The maximum number of offices in India are in New Delhi, Mumbai, and Chennai. It has 1885 ATMs and 1004 bank branches across 625 locations of the country as on June 2016. The bank has been ranked 13th among top 50 most valuable brands on Brandz Top in the year 2015.