Malegaon is a small city in the Nashik District of the Indian state of Maharashtra. It was previously known as Mulligaum and it lies at the convergence of the Mausam and Girna rivers. The city is known for its famous fort. The Malegaon fort, which took 25 years to build, attracted a lot of Muslim workers and artisans from all over the country, who settled in the area. Later, many people from the Muslim community migrated to this city during various revolts and uprisings in the country. The city has roughly 6 lakh residents, among which 79% follow Islam as their religion. The city is a major hub for cloth weaving. The city has over 3 lakh power looms and t attracts workers from all the neighboring regions. PVC pipe manufacturing industry has also gained importance in Malegaon in the recent years. The citys education system supports native language Marathi as well as Urdu and English through many institutions. There are a few schools in the area, alongside junior colleges and senior colleges that are affiliated to the Pune University. The students seeking higher education generally travel to nearby cities. Malegaon is known for its notorious spoof film industry called Mollywood, which makes parodies and spoofs of classic Hollywood and Bollywood films. Its an extremely low budget film industry where most of the actors are the residents exhibiting their talents and their imaginative minds.
the Bank of Maharashtra is a significant public sector bank in India owned by the government of India with 81.61% of the total shares. As of 5 April 2016, The bank had 15 million customers across the country and network of 1897 branches. It has the most extensive network of offices by any public sector bank in the state of Maharashtra. It was founded by V. G. Kale and D. K. Sathe, and on 16 September 1935, registered as a banking company at Pune with an authorized capital of ? 1 million. It began its operations on 8 February 1936. Banks financial assistance to small units has found many of todays industrial houses. In 1938, the second branch of the bank was opened at Fort, Bombay(currently Mumbai). The bank expanded rapidly after nationalization in 1969. Mr. Sushil Muhnot was the former Managing Director and Chairman before Mr. Ravindra Prabhakar Marathe, who is the current MD and CEO of the Bank of Maharashtra. In 1998, the bank had achieved autonomous status after moving into A category from C due to which it has limited interference of Government authority in its decision-making process and internal affairs. In 2004, it was listed in Bombay Stock Exchange and National Stock Exchange of India.