Pimpri-Chinchwad, the twin city of Pune, is an industrial city in the Indian state of Maharashtra. The city witnessed rapid industrialization in the 1960s which developed the city into an industrial zone. Hindustan Antibiotics Limited or HAL, a public sector drug manufacturing company run by the Indian government, was the first one to set up at Pimpri-Chinchwad in 1954, giving a great start to the industrial development of the city. This city is often referred to as the "Detroit of the East" owing to its large number of industrial units that have crossed 4000 in number. This city has factories of TATA Motors, Mahindra, Bajaj Auto and many more. Various other automobile companies have set up their manufacturing units in Pimpri-Chinchwad. There are many other small as well as large-scale companies and heavy industries in the area that have opened up innumerable job opportunities in this city. The place that was earlier home to Marathi families found a lot of multi-ethnic and multi-lingual people from all over the country migrating to Pimpri-Chinchwad in search of employment. Schools, colleges, healthcare and entertainment facilities have opened up to support the lifestyle of the citys growing population. The city is well connected to Pune and other neighboring suburbs and is eagerly awaiting the Pune-Pimpri-Chinchwad Metro services expected to be operational in 2021.
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.