Raipur is the capital city as well as the largest urban agglomerate in the Indian state of Chhattisgarh. It was a part of Madhya Pradesh before the new state of Chhattisgarh was formed in November 2000. Naya Raipur or New Raipur is actually the new capital of the state which is 17 kilometers away from the older city of Raipur. Swami Vivekananda Airport separates these two cities. This city is the administrative headquarters of Raipur District. The current administration is based on its division into 72 wards which are managed by an elected representative. The source of Raipurs economy is mainly from agriculture. Crops like pulses, wheat, paddy, urad, peas, etc. are cultivated widely. Soybean, Alsi and groundnut are some of the oilseeds that are grown around the city. It is also a center for the state?s steel and other industries. Raipur has many educational institutions and universities like Indian Institute of Management, National Institute of Technology, All India Institute of Medical Sciences, Indira Gandhi Agricultural University, International Institute of Information Technology, etc. Although not a tourism-based city, Raipur has some places worth visiting such as the Shahid Veer Narayan Singh International Cricket Stadium, Shri Rajiv Lochan Mandir, Urja Park, Naya Raipur Central Park.
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.