singrauli, in the Indian state of Madhya Pradesh, is popularly known as the Energy capital of India. The area used to be covered in dense forests earlier that was not navigable and inhabited by wild animals. It was earlier known as Shringavali. It was named after a sage known as Shringi. The kings of the Rewa State ruled the area till 1947. They used the area as an open-air prison to detain errant civilians and officers. Singrauli has five tehsils now - Singrauli, Chitrangi, Deosar, Mada and Sarai. Singrauli has a group of rock-cut caves called Mada Caves made in the 7th and 8th century. All major companies operating in this area belongs to the Indian energy industry, which entirely drives the economy of the city. The companies focus on mining of coal and subsequent power generation. NTPC, Coal India Limited, Essar, Hindalco, Reliance and several other established companies have set up their plants at Singrauli. The industrial belt has also resulted in a critical condition of air pollution which is a serious concern.
IndusInd Bank was founded in 1994 under the chairmanship of Srichand P Hinduja, head of the Hinduja group and a famous NRI. The head office of IndusInd Bank is in Mumbai and offers a wide range of financial products and services. 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 the global spread. In 2008-09, the bank tied up with BONY Mellon for online remittances from the US to India. It has received the prestigious ISO 27001 certification for IT operations in 2009-10. It was ranked second in the fastest growing bank category published in the report by the business world and PWC. In 2016, it was featured on Forbes among 50 super companies in India. Mr. Romesh Sobti, the MD, and Chairman won the best CEO award in the year 2018.