Vellore is a city as well as the administrative headquarters of the Vellore District of Tamil Nadu. It is a part of Tondaimandalam or Tondai Nadu. Located beside River Palar, Vellore has been ruled by various rulers such as the Pallavas, the Cholas, the Vijayanagar Empire, the Rashtrakutas, the Carnatic kingdom and the British. Legend says that the region housed many Velan (or Babul) trees, which gave the name "Vellore" to the city. The city of Vellore is the stronghold of the Arcot Mudaliars population. The other largest communities in the city are the Balija Naidus and the Muslims. The city has four zones that are further sub-divided into 60 wards for civic administration. Vellore is being developed into a smart city as per PM Narendra Modis Smart Cities Mission. Vellore is the home to two of Indias top educational institutions - Vellore Institute of Technology (VIT) and Christian Medical College & Hospital. The city is a major center for medical tourism in the country as people from all over the country travel to Vellore to seek various treatments. Moreover, Vellore is the top exporter of leather products in the country. The countrys biggest explosives manufacturing company is located in Vellore. It is called the Tamil Nadu Explosives Limited (TEL). The Vellore Fort, Srilakshmi Golden Temple and Sri Jalakandeswarar Temple are few of the places worth visiting in Vellore.
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.