Adoni is located in the Kurnool district of Andhra Pradesh. The municipality of Adoni also functions as the headquarter of the Adoni Mandal and the Adoni Revenue Division. Adoni has a population of more than 1.5 lakh residents, who speak in Telugu. Adoni was a fort town of the famous Vijayanagara Empire during the 15th to 16th centuries. After the decline of this glorious empire, Adoni went into the hands of Ali Adil Shah I of the Bijapur Sultanate. The Mohammedan rulers soon captured the area within a few years. The area was tossed to the hands of the Nizams and the Marathas and finally went to the British. In the late 19th century, Adoni faced a severe El Nino famine which claimed nearly one-third of its population. Adoni became a part of Andhra Pradesh in 1953. Adoni is a huge producer of cotton. The city has a thriving ginning and textile industry. Groundnut oil is another major production of Adoni. This city is also an important trading center in the state, with a large market situated in the center of the town. Adoni is often referred to as the second "Bombay" of India for its businesses and also for its cotton exports.
The ICICI Bank is multinational financial services company. It has its corporate office in Mumbai, Maharashtra, India and its registered office in Vadodara, Gujarat, India. The ICICI Bank became the third largest bank in India concerning assets and fourth regarding market capitalization in the year 2017. The bank offers many products and financial services for its corporate and retail customers such as investment banking,non-life insurance, life insurance, venture capital and asset management. The ICICI bank had 4,850 branches and 14,404 ATMs in India alongside the global presence in 17 countries as of 2017. In the year 2000, the ICICIs shareholding in the ICICI bank was decreased to 46 percent in the public offering of shares in India; followed by an equity offering in the form of American Depositary Receipts listed on the NYSE. The Bank of Madura Limited was acquired by the ICICI Bank in an all-stock deal in 2001. The same year ICICI Bank became the first Indian bank to list on the New York Stock Exchange with its five million American depositary shares.