1985
 
 - The company was incorporated on 21st November 1985 under the name
 Kotak Capital Management Finance Ltd.  The Company has been promoted
 by
 Mr Uday S Kotak, Mr S.A.A Pinto and Kotak & Company.  The company
 obtained the certificate of commencement of business on 11th
 February
 1986 and the Existing promoters were joined by Mr Harish Mahindra
 and
 Mr Anand Mahindra.  The company's name was changed on 8th April 1986
 to
 its present name Kotak Mahindra Finance Ltd.
 
 - The Company deals in Bill discounting, leasing and hire purchase,
 corporate finance, management of fixed deposit mobilisation,
 financing
 against securities, money market operations, consumer finance,
 investment banking and clients' money management.
 
 1990
 
 - 3,08,770 No. of equity shares subscribed for by the promoters,
 directors, 3,41,230 No. of equity shares allotted as rights as on
 28.3.89.  19,50,000 shares issued as bonus (6,50,000 shares in prop.
 1:1 as on 29.7.89 and 13,00,000 shares in prop. 1:1 as on 27.2.91).
 
 1991
 
 - An application was made to SEBI for approval for setting up a
 Mutual
 Fund trust and an asset management company.  The newly set up
 Corporate
 Advisory Services Group received several mandates for advice on
 mergers
 and acquisitions and re-structuring.
 
 - The Company's newly established Foreign Exchange Risk Management
 Service carters to the vast potential demand for price risk
 management.
 The Company established itself as a major leasing and hire-purchase
 company and as a source of finance for purchasers of automobiles.
 
 1992
 
 - In January, the Company offered and allotted 15,50,000 - 14%
 secured
 partly convertible debentures of Rs 90 each for a total value of Rs
 13.95 crores in the following manner: (i) 2,00,000 debentures to
 promoters, directors, etc. (ii) 77,500 debentures to employees
 (including working directors)/workers on preferential basis (iii)
 12,72,500 debentures to Indian public through prospectus.
 
 - Additional 30,000 debentures to promoters, directors, etc., 9,500
 debentures to employees and 1,93,000 debentures to Indian public
 were
 allotted to retain oversubscription.
 
 - As per the terms of debenture issue, a portion of Rs 45 of each
 debenture of Rs 90 was to be converted into 1 equity share of Rs 10
 each at a premium of Rs 35 per share as on the date of allotment of
 the
 debentures.  Accordingly 17,82,500 No. of equity shares allotted as
 on
 25th February, 1992, being the date of allotment of the debentures.
 The non-convertible portion of Rs 45 of each debenture would be
 redeemed at par in three equal instalments of Rs 15, Rs 15 and Rs 15
 at
 the end of the 7th, 8th and 9th year respectively from the date of
 allotment of the debentures.
 
 - In April, the Company has raised Rs. 18 crores by issue of
 Commercial
 Paper which has been awarded P1 + rating by Credit Rating and
 Information Services of India limited (CRISIL) indicating highest
 standards of safety.
 
 1993
 
 - During February, the Company issued 69,82,500 Rights equity shares
 of
 Rs 10 each at a premium of Rs 15 per share in proportion 1:1 (all
 were
 taken-up).  Additional 13,950 shares were allotted to those who had
 applied for additional shares.
 
 - The Company issued through a Prospectus 44,00,000 No. of equity
 shares of Rs 10 each for cash at a premium of Rs 140 per share of
 which
 the following were reserved for allotment (i) 1,30,000 shares to
 promoters, directors, their relatives etc., (ii) 25,000 shares to
 Foreign/Indian Financial Institutions (all were taken up).  Of the
 remaining 50,000 shares reserved for allotment on a preferential
 basis
 to employees (only 34,600 shares taken up).  Another 5,55,000 shares
 to
 NRIs were reserved on non-repatriation basis (all were taken up).
 
 - Balance 36,40,000 shares, along with 15,400 shares not taken up by
 employees', were offered for public subscription.
 
 - At the 8th Annual General Meeting held on 28th September the
 Company
 has reserved 61,22,000 No. of equity shares of Rs 10 each for cash
 to
 be allotted at such issue price as may be decided by the board to
 Foreign Institutional Investors and/or, Foreign and/or Indian
 Pension
 and/or Mutual and/or other Funds and/or Institutions, Banks,
 Companies,
 Bodies and/or individuals and/or Groups of Individuals.
 
 - The Company's newly set up Corporate Advisory Services Group
 received
 several mandates for advice on mergers and acquisitions and
 re-structuring and some have already been executed with success.
 
 1994
 
 - The Company entered into a Memorandum of Understanding with KB
 Currency Advisors Inc. USA to market their Foreign Exchange Fund
 Management programme.
 
 - 183,65,500 Rights equity shares issued in prop. 1:1.  11,800 No. 
 of
 equity shares forfeited.
 
 - The Company has received the approval of Securities and Exchange
 Board of India (SEBI) for setting up a Mutual Fund.
 
 1995 
 
 - The Company issued 4,00,000 - 17% Secured Redeemable
 Non-convertible
 Debenture of Rs 2500 each including 96000 - 16% NCDs reserved for
 NRIs/URB (only 9510 taken-up).  Unsubscribed portion of 90
 debentures
 issued to the public.  These are redeemable at par on 7.3.2001 with
 an
 option for early redemption up to a maximum of 5% of the issue
 amount
 every year.
 
 - The Company entered into a joint venture agreement with Ford
 Credit
 International Inc. (FCI), a subsidiary of Ford Motor Credit Co.,
 USA.
 It was proposed to finance all non Ford Passenger cars.
 
 - Kotak Mahindra Capital company became a subsidiary of the Company.
 
 1996
 
 - The Company's operations were affected by the liquidity crunch,
 scarcity of resources, sluggishness in the capital markets and the
 overall deceleration of economic growth.
 
 - The Company has entered into a MOU with the Chubb Corporation, New
 Jersey, U.S.A., one of the largest American Insurance firms, to
 develop
 a Joint Venture dedicated to the conduct of casuallity and property
 insurance business in India.
 
 - The Company has invested a sum of about Rs 200 lakhs in Matrix
 Information Services private Ltd. (Matrix), a company formed for
 providing comprehensive value added information to business and
 general
 users.  Matrix is a wholly owned subsidiary of the company.
 
 - The Company has divested its entire holding of 20,00,070 No. of
 equity shares of Rs 10 each of Kotak Mahindra Securities Ltd. 
 (KMSL)
 and 20,00,000 ordinary shares of US $ 1 each of Kotak Mahindra
 International Ltd.
 
 - Hamko Financial Services Ltd., Kotak Mahindra Securities Ltd.,
 provides of broking services to institutional and corporate clients,
 Kotak, Mahindra Asset Management Company, Kotak Mahindra
 International
 Ltd., an offshore company and Kotak Mahindra (UK) Ltd., are all
 subsidiaries of the Company.
 
 - The Company's public issue of 400000 16-17% Secured Redeemable
 Non-Convertible Debentures of Rs.2500 each for cash at par
 aggregating
 Rs.100 crores in January.
 
 1997
 
 - In recognition of the Company's prudent funds management, CRISIL
 has
 assigned a rating of AA+ to the Company's public issue of
 Non-Convertible Debentures and P1+ for all short term borrowings
 upto
 Rs.35000 lakhs.
 
 - Kotak Mahindra Finance Ltd, has decided to venture into health
 insurance business.
 
 - Kotak Mahindra Finance has launched a new consumer finance product
 called Kotak Mahindra K-Value.
 
 - Hamko is a 100 per cent subsidiary of KMFL and investment in it
 was
 structured to avoid limitations of Section 372 under the Companies
 Act.
 
 - The company has diversified into various activities for which it
 has
 set up subsidiaries including broking, capital market activities,
 auto
 finance, etc.
 
 1998
 
 - Kotak Mahindra Asset Management Company Limited (KMAMCL) launched
 its
 mutual fund schemes in December.
 
 - The Company it would launch its mutual fund with two schemes --
 KGilt
 Unit Scheme and K30 Unit Scheme.
 
 - Kotak Mahindra Finance, is a joint venture with Goldman Sachs.
 
 1999 
 
 - The `FAA' (pronounced `F double A') rating assigned to the fixed
 deposit programme of Ford Credit Kotak Mahindra (FCKM) has been
 reaffirmed.
 
 - With the allotment to the Company of 50,000 equity shares of Rs. 
 10
 each by Kotak Mahindra Trustee Company Limited (KMTCL) on 12th May.
 
 2000
 
 - Kotak Mahindra Finance Ltd (KMFL) and Chubb Corporation of the US
 have decided to call off their joint venture for entering the
 general
 insurance business in India.
 
 - The Company has decided to set up a venture capital fund with an
 initial corpus of Rs. 100 crore.
 
 - KMFL has set up a new asset reconstruction division to offer
 recovery
 management services to players in the financial services industry.
 
 - The Company Issue of 91,82,500 No. of Equity Shares of Rs. 10/-
 each
 for cash at a premium of Rs. 90/- per share aggregating Rs.
 91,82,50,000 to the Equity Shareholders of the Company on Rights
 basis
 in the ratio of one equity share for every our equity shares held on
 15th February.
 
 - Mr. K.K. Sheth has resigned effective from May 8.
 
 - Kotak Securities an affiliate of Kotak Mahindra Finance Ltd., has
 launched electronic broking services for retail investors.
 
 - Kotak Mahindra Finance is in talks with foreign insurers for a
 joint
 venture in the life insurance business.
 
 - The Company has proposed to start-up capital of Rs 150 crore in
 its
 life insurance joint venture with Old Mutual, the UK based financial
 services group.
 
 - The Company proposes to make the necessary applications to the RBI
 and the Insurance Regulatory and Development Authority for entering
 the
 life insurance business.
 
 - OM Kotak Mahindra Life Insurance Company, the recently formed
 joint
 venture company of Kotak Mahindra Financeand Old Mutual Plc has
 filed
 its application for approva of life insurance licence on 1st
 September.
 
 - Kotak Mahindra Finance Ltd has been assigned Ind AAA rating
 (indicating highest credit quality) for its Rs.510 million medium
 term
 borrowing programme.
 
 - Fitch India has assigned a rating of Ind AAA to the Rs 51-crore
 medium term borrowing program of Kotak Mahindra Finnance Ltd for
 high
 credit quality and negligible risk factor.
   
 2001 
 
 - The Company recommended a swap ratio of 25 shares of KMFL for
 every
 share of Pannier Tradings which has a 75 per cent equity stake in
 Kotak
 Securities.
 
 - The Bharath Petroleum Corporation Ltd (BPCL) has decided to part
 ways
 with Kotak Mahindra, one of the leading domestic financial services
 company, in its convenient store venture In & Out.
 
 2002
 
 -KMFL's business has seen a fast growth with the total disbursement
 of commercial vehicle loan of the company in the last fiscal was
 tuned to Rs. 250cr.
 
 -RBI has given in-principle approval to  Kotak Mahindra Finance Ltd
 to convert itself
 into a bank, thereby becoming the first ever non-banking finance
 company converted
 into a bank.
 
 -Mr Uday Kotak says, there won't be any frsh capital infusion in the
 bank in the near future.
 
 -KMFL informed BSE the FITCH ratings assigned:
 Fixed Deposit Programme - Ind AAA
 Non-Convertible Debenture - Ind AAA
 
 -Mr.Ajay Sondhi has been appointed as the Additional Director of
 Kotak Mahindra 
 Finance Ltd.
 
 -Kotal Mahindra Finance Company has shortlisted i-flex solutions
 'Flexicube' and 'Infosys',
 'Finnacle' for its core banking solutions.
 
 -KMFL has raised 76.22cr by selling securitised commercial vehicle
 loans to investors.
 
 -CRISIL has assigned 'AAA(SO)' rating for Rs.83cr securitisation
 Programme of Kotak
 Mahindra Finance Ltd.
 
 -Mr.Uday Kotak has been appointed as the Executive Vice Chairman and
 
 Managing Director of the company.
 
 -Kotak Mahindra Finance Ltd has mobilised Rs.104.89cr , asset-backed
 securitisation
 of commercial vehicle receivables.
 
 -Business Standard and Business Standard digital have ceased to be
 the subsidiaries
 of  Kotak Mahindra Finance Ltd.
 
 -Mr.C Jayaram and Mr. Dipak Gupta are appointed as whole time
 Directors on the
 Board of Kotak Mahindra Finance Ltd.
 
 2003
 
 -Madison Communications has won the Rs.30cr Kotak Mahindra's media
 AOR account.
 
 -The proposal of changing the name from 'Kotak Mahindra Finance Ltd'
 to 'Kotak
 Mahindra Bank Ltd' and the proposal to change the Authorised capital
 from 100,00,00,000
 divided into 10,00,00,000 equity shares of Rs.10 each has been
 approved by the 
 company shareholders.
 
 -RBI  has granted licence to Kotak Mahindra Finance Ltd to embark on
 its
 banking business.
 
 -O & M has got the creative account of Kotak Mahindra Bank, and has
 said to be 
 working professionally.
 
 -Kotak Mahindra Bank has received a lot of interest from portfolio
 investors, private
 equity investors and potential strategic investors.
 
 -Kotak Mahindra Bank has entered into an ATM sharing agreement with
 UTI Bank, 
 which would allow KMB's customer free access to around 800 ATM's.
 
 -Kotak Mahindra Bank has started its operations in New Delhi by
 inaugurating a 
 branch Cannaught place office.
 
 -Dr.Shankar Acharya has been appointed as the Additional Director to
 the 
 board of the bank.
 
 -The Board of Kotak Mahindra Bank Ltd accepts the resignation of 
 Mr.S.A.A Pinto and Mr.M.R Punja as the Directors of the Bank.
 
 -Kotak Mahindra Investment Co Ltd. PCC  a subsidiary of Kotak
 Mahindra Capital Company
 has constituted itself from a private company to a public limited co.
 and has changed
 its name to 'Global Investment Opportunities Fund Ltd'.
 
 -Kotak Mahindra bank has unveiled several home finance products
 options which includes
 Home loan, Home equity Loan, Home loan transfer and Home improvement
 loans.
 
 --Kotak Mahindra Bank launches online remittance services called,
 FUNDStoHOME 
 for Non-resident Indians.
 
 -In reponse to the repo rate cut by theRBI, the Kotak Mahindra Bank
 has reduced its 
 lending rates in home loans.
 
 -Kotak Mahindra Bank Limited has informed that the equity shares of
 the Bank have been delisted from the Delhi Stock Exchange Association
 Ltd w.e.f December 10, 2003.
 
 2004
 
 -Kotak Mahindra Bank Limited has informed that the Bank's equity
 shares will be delisted from The Stock Exchange, Ahmedabad with
 effect from January 20, 2004.
 
 -Kotak Mahindra Bank sets up branch in Surat
 
 -Kotak Mahindra Mutual Fund has launched Kotak Opportunities, an
 open-ended equity growth scheme
 
 -Kotak Mahindra Bank inks pact with Reuters
 
 2005
 
 -Kotak Mahindra Bank purchases stressed assets worth Rs 1,000 cr
 
 -Kotak Bank join hands with IndianNGOs.com
 
 -Kotak Mahindra Bank invests Rs 25 cr in BFW
 
 2006
 
 -Kotak Mahindra joins hand HDFC Bank to share ATMs.
 
 -Kotak Mahindra to buy out Goldman Sachs' stake in JVs
 
 -Kotak Mahindra Bank sets up branch in Valsad
 
 -Kotak Mahindra subsidiary acquires Ford Credit's auto portfolio
 
 2007
 
 -Kotak Mahindra Bank Launches Home Banking, Improves Banking
 Experience
 
 -Kotak Mahindra Bank Launches Salary 2 Wealth
 
 -Kotak Mahindra Bank Launches Kotak Gold Debit Card
 
 -Kotak Mahindra Bank Ties up with Taxshax.com, Simplifies Filing of
 IT Returns
 
 2008
 
 - Kotak Mahindra Bank launched credit cards for its customers.
 
 2009
 
 -Kotak entered into tie up with Russia's top investment bank
 
 -Kotak Mahindra Bank Wins IT Team of the Year for 3rd
 Consecutive Time at the Banking Technology Awards 2008