Haridwar is an ancient and holy city in the Indian state of Uttarakhand. The River Ganga, after having descended from its source in the Gangotri Glacier for 253 kilometers, enters the Indo-Gangetic Plains for the first time at Haridwar. Hence the ancient name of the city was Gangadw?ra. Haridwar is one of the sapta Puri or seven holiest places where, according to Hindu mythology, salvation can be attained. According to Hindu religious texts, Amrit or elixir had been accidentally spilled over Haridwar during the mythological "Samudra Manthan." The spot where the elixir had been spilled is known as Brahma Kund which is a celebrated Hindu pilgrimage. Moreover, the Kumbh Mela is celebrated at Haridwar every 12 years and millions of people from across the world throng to the city. They perform the ritualistic dip in the holy Ganga and seek salvation. Tourism drives the economy of the state and the place is always full of devotees or tourists. The hospitality industry is equally thriving in this city. Haridwar is also an ancient seat of learning and it hosts many prestigious educational institutions. The city is well connected to all parts of the country. The most famous places that people visit in Haridwar are Har Ki Pauri, Chandi Devi Temple, Kankhal, Pawan Dham, Bharat Mata Mandir, etc. There are quite a few places for shopping in Haridwar where people usually purchase items of devotion and inexpensive ornaments.
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.