Jaunpur is a town as well as a municipal board in the Jaunpur district of Uttar Pradesh. Jaunpur is located in the Purvanchal area, towards the northwest of the Varanasi district in the eastern part of the state. A greenfield airport is currently under construction in Jaunpur. Jaunpur was founded 1359 by the Sultan of Delhi Feroz Shah Tughlaq and was then known as Sheeraz-e-Hind. However, the ruler of Jaunpur soon broke off from the Delhi Sultanate and founded the Sharqi dynasty at Jaunpur and continued to rule for over a century till the Delhi Sultanate reconquered Jaunpur in 1493. It passed on to the Lodis and the Mughals and finally to the British after the Permanent settlement of 1779. Jaunpur has extremely fertile land due to the presence of five rivers namely Gomti, Sai, Varuna, Pili, and Basuhi. The Indian government initiated industrialization in 1976. The Satharia Industrial Development Authority was set up with more than 500 acres of land to promote industrial, commercial and social development. Pepsico India Pvt. Ltd and Hawkins Cooker Limited have their manufacturing units in this area. The area is dotted with great historical monuments and a few worth visiting are Shahi Quila Jaunpur Fort, Shahi Bridge, Jaunpur Atala Masjid, Jaunpur Jama Masjid, Lal Darwaza Masjid, etc.
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.