Patiala is situated in the Indian state of Punjab. It is the administrative capital of Patiala District. The administration of the city is done through 57 wards which are administered by an elected representative. The city is located around the Qila Mubarak or the Fortunate Castle which was constructed in 1763 by the chieftain of the royal dynasty of the Patiala State, Baba Ala Singh. Patiala is the fourth largest city in Punjab and it houses the National Institute of Sports. Patiala was traditionally an agriculture-based economy. However, the city has now become home to plenty of manufacturing units that produce goods like cutting tools, power cables, etc. Some reputed educational institutions and universities in this city include the Thapar University, the Punjabi University, the Rajiv Gandhi National University of Law, the Netaji Subhash National Institute of Sports, the Government Medical College, etc. Patiala?s vintage location has led to the development of various tourist spots such as the Bahadurgarh Fort, Mubarak complex, the Gurdwara Dukh Niwaran Sahib, the Gurdwara Moti Bagh Sahib, Maa Kali Devi Mandir, QilaSheesh Mahal, Baradari Gardens, 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.