Meerut is a thriving city in the Indian state of Uttar Pradesh. It is the second largest urban agglomerate in the National Capital Region with nearly 1.5 million residents. It lies between the plains of the Ganga and the Yamuna. The city is known to be the largest manufacturer of sports equipment and musical instruments. Meerut was considered to be among the ancient cities of Hastinapur, the capital of the Kaurava and the Pandava kingdoms as mentioned in the Hindu epic Mahabharata. The city dates back to the ancient Indus Valley civilization. Meerut is divided into 80 wards for administration, which are represented by elected corporators. Meeruts economy is principally based on manufacturing industries. Apart from sports and musical instruments, the city also has textile, sugar, distillery, chemical, paper, publishing and handloom industries. Meerut is known for its gold market, which is one of the largest jewelry markets in Asia. Over 25,000 skilled craftsmen are employed in this market, who process around 60 kilograms of the gold in a day. Meerut also has many educational institutes like Sardar Vallabhbhai Patel University of Agriculture and Technology, Swami Vivekanand Subharti University and Shobhit University. Notable places to visit when traveling to Meerut include Amarnath Mandir, Gandhi Bagh, Basilica of Our Lady of Graces and Hastinapur Wildlife Sanctuary. The city has top-notch infrastructure as it is well connected to all the important cities in North India. Meerut is just 70 kilometers away from the country capital New Delhi. This proximity serves as a boon for Meerut as the connectivity ensures a citys economic welfare.
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.