Mehsana is a municipality situated in the Mehsana district in the Indian state of Gujarat. The name of this city is also spelled Mahesana. Mehsana was founded by the Rajput heir of the Chavda dynasty by the name of Mehsaji Chavda. He had constructed the Torana or the arc gate of the city and had also built a temple dedicated to Goddess Toran in 1414. The city was a part of the Bombay state after the Indian independence. It got annexed into the state of Gujarat in 1960. The city houses around 2 lakh residents who speak in Gujarati, Marathi and Hindi. The city is famous for its local breed of Mehsani buffaloes. The Doodhsagar Dairy in Mehsana is the largest dairy in Asia. The city also houses one of the largest assets for the onshore production of oil and natural gas by ONGC. The agriculture, as well as the road-equipment based industries, are also doing quite well in Mehsana. The Ganpat University and the Gujarat Technological University are the reputed educational institutions in this city. The city has a spectacular stepwell at Boter Kotha ni Vav, built during the rule of Emperor Aurangzeb. Badiyashi Vav in Biladi Baug is another stepwell worth visiting. There are several Jain and Hindu temples in and around Mehsana that call for a visit.
In 2000, Indian Overseas Bank engaged in an initial public offering (IPO) that brought the governments share in the banks equity down to 75%. In 2001, the IOB acquired the Mumbai-based Adarsha Janata Sahakari Bank. Then in 2009, the bank took over Shree Suvarna Sahakari Bank, which was founded in 1969 and had its head office in Pune. Since 2006, Shree Suvarna Sahakari Bank had been in administration. It had nine offices in Pune, 2 in Mumbai and 1 in Shirpur. The total strength of employees was estimated to be more than 100. On 29 August 2003, the Indian Overseas Bank has opened an extension counter at New Kathiresan Temple complex, Bambalapitiya, Ceylon. The IOB opened a representative office in Guangzhou, China in 2005 followed which the bank opened another representative office in Kuala Lumpur and 2009 in Dubai, UAE. In the new millennium, international expansion started once again. The bank took over Bharat Overseas Bank in 2007. After three years, Malaysia granted a commercial banking license to a local bank jointly owned by BOB, IOB, and the Andhra Bank. The new bank named, India International Bank ( IIB Malaysia), began its business in 2012 in Kuala Lumpur and had a large population of Indians. The Andhra Bank holds a 25% stake in its joint-venture, BOB owns 40%, and remaining 35% is with IOB. On 31 August 2013, the Indian Overseas Bank has opened an offshore banking unit in Colombo, Sri Lanka. The bank also converted its existing Extension Counter at Ceylon into a full-fledged branch.