Ajmer is situated in the Indian state of Rajasthan and is the administrative headquarters of the eponymous Ajmer District. It is one of the heritage cities for HIRDAY- heritage city development and augmentation Yojana launched by the PM of India. The city is also known as ?The City of Unity? and ?Heart of Rajasthan.? Ajmer has a long history of being ruled by the Rajputs who played an important role in shaping up the city. The city has been divided into 55 wards for effective administration, with each ward represented by an elected member. The economy of Ajmer is based on agriculture as well as manufacturing and textile industries. Crops like bajra, jowar, pulses, maize, groundnut, cotton, wheat, barley, gram and oilseeds are grown in the entire Ajmer district. The city hosts many educational institutions and universities like the Central University of Rajasthan, Maharshi Dayanand Saraswati University, etc. Ajmer is a beautiful tourist destination with plenty of must-visit places such as Akbars Palace & Museum, Dargah Ajmer Shariff, Nasiyan Jain Temple, Taragarh Fort, Ana Sagar Lake, Nareli Jain Temple, Rangji Temple, etc.
Kotak Mahindra Finance Ltd was launched in 1985. Mr. Uday Kotak is the MD & CEO of the bank. In 1990, the bank introduced the auto finance division for financing the passenger cars. In 1991, it established the investment banking division. Indias first gilt fund was launched through Kotak Mahindra Asset Management Company. The Kotak Mahindra Finance Ltd became Indias first non-banking finance company to be converted to a commercial bank. For financing Ford vehicles, the bank took a significant stake in Ford Credit Kotak Mahindra Ltd. The first representative office of Kotak Mahindra was opened in Dubai in 2008. In 2009, the pension fund was launched under NPS. For the digital and social media, the bank has launched innovative solutions such as JIffi and KayPay in the year 2014. The RBI approved the merger of KMFL with ING Vysya Bank in 2015, and Kotak Mahindra Insurance received IRDAI approval for starting its insurance business. In 2017, the bank acquired BSS Microfinance Ltd. Recently the bank has launched Kotak Infrastructure Debt Fund Ltd.