Ichalkaranji is a city in the Kolhapur district of the Indian state of Maharashtra. The city is known for its textile manufacturing industry and the export of textile goods. This city was initially a Maratha Princely state which is situated on the banks of the Panchganga River. It lies in the Panchganga valley, quite near to the neighboring city of Kohlapur. There are seven hamlets within Ichalkaranji. Ichalkaranji Municipal Council looks after the civic administration of the city. There are 65 wards in the city that are governed by the elected council members. The textile business boosts the economy of this city and raised the per capita income to Rs.116,472. Hence, the city is often referred to as the "Manchester of Maharashtra." Engineering, especially the manufacture of measuring instruments, is the second largest industry here and considerably contributes to the economy of the city. The finance sector also has a prominent presence in Ichalkaranji and provides employment opportunities to many residents. Sugarcane is also heavily cultivated at Ichalkaranji. The city has several schools and colleges that offer different types of education and courses. There are many institutes offering research facilities.
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.