Gandhidham is located in the Kutch District in the Indian state of Gujarat. The town was built in the 1950s by Bhai Pratap Dialdas for the resettlement of the refugees from Sindh after the partition of India. It was initially called Sindhu Resettlement Corporation Ltd. The town was named after Mahatma Gandhi who was the father of the Indian nation. Gandhidham is considered to be the economic capital of Kutch. It is a rapidly developing city in the state. It is a growing city, ideal for families and retired individuals. It is also a favored destination for conventions and business meetings. The city offers a peaceful life to its residents, with a plenty of options for recreation and entertainments. It is known for its verdant picnic spots and parks. Gandhidham is connected to the rest of the country by road and rail. Transport Nagar, situated on the outskirts of the city, serves as the hub of all major transport activities of Gandhidham. There are many reputed educational institutions as well as all modern amenities available in the city that ensures a comfortable lifestyle to the residents.
On November 3, 1926, the Laxmi Vilas Bank was founded under the Indian Companies Act, 1913, and on November 10, 1926, it had achieved the certificate to commence business. In 1926, seven businessmen of Karur founded Lakshmi Vilas Bank under the leadership of Shri V.S.N. Ramalinga Chettiar. They aimed to serve the financial needs of people who were occupied in trading businesses, industry and agriculture, in and around Karur. The Laxmi Vilas Bank is a private sector bank. It is based in Chennai, Tamil Nadu, India and did considerable expansion of its branch network from 1961 to 1965, when the bank took over nine other banks. In 1976, the bank obtained the status of Authorized Dealer in foreign exchange for providing services to the customers involved in international trade as well as to travelers who travel overseas. In 1977, the mechanization was introduced in the administrative office. The bank implemented core Banking Solution (CBS) in October 2006, and all of the banks branches were migrated to CBS by March 2008. Lakshmi Vilas Bank has 523 offices,984 ATM centers, and seven extension counters, as of 2018. Mr. Partha Sarthi Mukherjee is the MD and CEO of Lakshmi Vilas Bank. The bank was established on November 3, 1926, under the Indian Companies Act, 1913, and on November 10, 1926, it obtained the certificate to commence business.