Pimpri-Chinchwad, the twin city of Pune, is an industrial city in the Indian state of Maharashtra. The city witnessed rapid industrialization in the 1960s which developed the city into an industrial zone. Hindustan Antibiotics Limited or HAL, a public sector drug manufacturing company run by the Indian government, was the first one to set up at Pimpri-Chinchwad in 1954, giving a great start to the industrial development of the city. This city is often referred to as the "Detroit of the East" owing to its large number of industrial units that have crossed 4000 in number. This city has factories of TATA Motors, Mahindra, Bajaj Auto and many more. Various other automobile companies have set up their manufacturing units in Pimpri-Chinchwad. There are many other small as well as large-scale companies and heavy industries in the area that have opened up innumerable job opportunities in this city. The place that was earlier home to Marathi families found a lot of multi-ethnic and multi-lingual people from all over the country migrating to Pimpri-Chinchwad in search of employment. Schools, colleges, healthcare and entertainment facilities have opened up to support the lifestyle of the citys growing population. The city is well connected to Pune and other neighboring suburbs and is eagerly awaiting the Pune-Pimpri-Chinchwad Metro services expected to be operational in 2021.
ICICI Bank is an Indian multinational and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2017, it became the third largest bank in India concerning assets and fourth regarding market capitalization. It offers many products and financial services for corporate and retail customers through investment banking, life insurance, non-life insurance, venture capital and asset management. The bank had a vast network of 4,850 branches and 14,404 ATMs in India having a presence in 17 countries as of 2017. In 1998, ICICIs shareholding in ICICI Bank was reduced to 46 percent, through a public offering of shares in India , followed by an equity offering in the form of American Depositary Receipts on the NYSE in 2000. ICICI Bank acquired the Bank of Madura Limited in an all-stock deal in 2001, Sangli Bank in 2007 and Bank of Rajasthan in 2010. In 2000, ICICI Bank became the first Indian bank to list on the New York Stock Exchange with its five million American depositary shares. In October 2001, the merger of ICICI and two of its wholly-owned retail finance subsidiaries was permitted by the Boards of Directors of ICICI and ICICI Bank, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank.