Dharmavaram is situated in the Anantapur district of Andhra Pradesh. It functions as the divisional headquarter of the Dharmavaram revenue division and the Dharmavaram Mandal. The huge tank at Dharmavaram was built by Kriyasakthi Odeyar, whose mothers name was Dharmamba. The city has got its name there. Dharmavaram is known for cotton and silk weaving industries. The handloom silk sarees of Dharmavaram are popular all over South India. It is often called the silk City of Andhra Pradesh. The economy of the town is driven by the weaving industry. The major crop cultivated in this area is groundnut. Leather puppets are manufactured at Dharmavaram and the city is quite famous for it. Around 1.2 lakh residents live in Dharmavaram, who mostly speak in Telugu. Dharmavaram has adequate government schools to impart primary and secondary school education. It also has a few aided and private schools and colleges. The city has good connectivity in terms of roads and railway.
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.