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Kotak Mahindra Bank company logo
Diversified Financial Services
FINANCE | Retail Banking
kotak.com

Investments

21

Portfolio Exits

6

Funds

6

Partners & Customers

10

About Kotak Mahindra Bank

Kotak Mahindra Bank (BSE: 500247) (NSE: KOTAKBANK) operates as a private sector bank. It offers a wide range of banking products and financial services. It provides banking services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management. It was founded in 1985 and is based in Mumbai, India.

Headquarters Location

36-38A, Nariman Bhavan 227 Nariman Point

Mumbai, 400021,

India

+91 (022) 61660000

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Latest Kotak Mahindra Bank News

Zurich to acquire 70% stake in Kotak General Insurance for Rs 5,560 cr

Feb 24, 2024

The other terms of the transaction remain unchanged, the lender said. Representative Image. 1 min read NEW DELHI: Private lender Kotak Mahindra Bank on Friday informed the exchanges that Zurich Insurance Company will acquire 70% stake in Kotak Mahindra General Insurance Company for Rs 5,560 crore. “The parties to the aforesaid transaction, viz., the Bank, Zurich and Kotak General have mutually agreed that Zurich will acquire 70% stake in Kotak General by way of a combination of primary and secondary acquisitions in a single tranche, for a total consideration of approximately Rs 5,560 Crore, instead of the proposal announced in our earlier disclosure,” Kotak Mahindra Bank said. The other terms of the transaction remain unchanged, the lender said. The Proposed 70% Acquisition would be subject to fulfilment of customary conditions precedent, including the receipt of regulatory approvals from the Reserve Bank of India and the Insurance Regulatory and Development Authority of India. Earlier in the month, the Competition Commission of India (CCI) gave its green light to the acquisition. In November 2023, it was first announced that Zurich Insurance Company will invest a sum of around Rs 4,051 crore or $500 million to acquire a 51% stake in Kotak General Insurance. Zurich Insurance was then expected to acquire an additional stake of 19% within a period of three years from its initial acquisition. The proposed transaction had then valued Kotak General Insurance at around Rs 7,943 crore on a post money valuation.

Kotak Mahindra Bank Investments

21 Investments

Kotak Mahindra Bank has made 21 investments. Their latest investment was in SatSure as part of their Series A on February 06, 2023.

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Kotak Mahindra Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/6/2023

Series A

SatSure

Yes

4

3/23/2022

Debt - III

Stanza Living

$57M

Yes

6

9/20/2021

Corporate Minority

KFin Technologies

$42.1M

Yes

5

7/27/2021

Corporate Minority - II

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10

7/6/2021

Unattributed VC - IV

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$99M

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10

Date

2/6/2023

3/23/2022

9/20/2021

7/27/2021

7/6/2021

Round

Series A

Debt - III

Corporate Minority

Corporate Minority - II

Unattributed VC - IV

Company

SatSure

Stanza Living

KFin Technologies

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Amount

$57M

$42.1M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

6

5

10

10

Kotak Mahindra Bank Portfolio Exits

6 Portfolio Exits

Kotak Mahindra Bank has 6 portfolio exits. Their latest portfolio exit was Sai Silks Kalamandir on September 27, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/27/2023

IPO

$99M

Public

3

12/29/2022

IPO

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$99M

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10

6/21/2022

Acquired

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$99M

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10

9/3/2021

Acq - Fin

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$99M

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10

3/19/2021

IPO

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$99M

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10

Date

9/27/2023

12/29/2022

6/21/2022

9/3/2021

3/19/2021

Exit

IPO

IPO

Acquired

Acq - Fin

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

3

10

10

10

10

Kotak Mahindra Bank Acquisitions

1 Acquisition

Kotak Mahindra Bank acquired 1 company. Their latest acquisition was Sonata Finance on February 10, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/10/2023

Series D

$99M

$6.44M

Acquired

12

Date

2/10/2023

Investment Stage

Series D

Companies

Valuation

$99M

Total Funding

$6.44M

Note

Acquired

Sources

12

Kotak Mahindra Bank Fund History

6 Fund Histories

Kotak Mahindra Bank has 6 funds, including Indian Special Situations Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/13/2019

Indian Special Situations Fund

Restructuring/Distressed Debt

Closed

$1,000M

1

2/28/2019

Kotak Indian Distressed Assets Fund

$99M

10

3/12/2013

Core Infrastructure India Fund Pte Ltd.

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$99M

10

Kotak PE Fund

10

Special Situation Credit Opportunity Fund

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10

Closing Date

8/13/2019

2/28/2019

3/12/2013

Fund

Indian Special Situations Fund

Kotak Indian Distressed Assets Fund

Core Infrastructure India Fund Pte Ltd.

Kotak PE Fund

Special Situation Credit Opportunity Fund

Fund Type

Restructuring/Distressed Debt

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Status

Closed

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Amount

$1,000M

$99M

$99M

Sources

1

10

10

10

10

Kotak Mahindra Bank Partners & Customers

10 Partners and customers

Kotak Mahindra Bank has 10 strategic partners and customers. Kotak Mahindra Bank recently partnered with Indian Institute of Technology Kanpur on December 12, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

12/14/2023

Partner

India

Kotak Mahindra Bank partners with IIT Kanpur to set up School of Sustainability

Kotak Mahindra Bank on Thursday said it has partnered with IIT to establish a fully integrated School of Sustainability as part of its corporate social responsibility initiative .

1

11/27/2023

Partner

India

The New Myntra Kotak Credit Card: The Credit Card That Makes You Fashion-able

That 's why the partnership between Myntra and Kotak Mahindra Bank has introduced a game-changer : Kotak Mahindra Bank 's Myntra .

1

10/31/2023

Vendor

India

Zaggle Bags INR 76 Cr Cobranding Order From Kotak Mahindra Bank

In an exchange filing , Zaggle said that the agreement is for a period of three years and is valued at INR 76 Cr by conservative estimates .

2

10/23/2023

Partner

India

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10

9/4/2023

Partner

United Arab Emirates

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10

Date

12/14/2023

11/27/2023

10/31/2023

10/23/2023

9/4/2023

Type

Partner

Partner

Vendor

Partner

Partner

Business Partner

Country

India

India

India

India

United Arab Emirates

News Snippet

Kotak Mahindra Bank partners with IIT Kanpur to set up School of Sustainability

Kotak Mahindra Bank on Thursday said it has partnered with IIT to establish a fully integrated School of Sustainability as part of its corporate social responsibility initiative .

The New Myntra Kotak Credit Card: The Credit Card That Makes You Fashion-able

That 's why the partnership between Myntra and Kotak Mahindra Bank has introduced a game-changer : Kotak Mahindra Bank 's Myntra .

Zaggle Bags INR 76 Cr Cobranding Order From Kotak Mahindra Bank

In an exchange filing , Zaggle said that the agreement is for a period of three years and is valued at INR 76 Cr by conservative estimates .

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Sources

1

1

2

10

10

Kotak Mahindra Bank Team

13 Team Members

Kotak Mahindra Bank has 13 team members, including current Chief Technology Officer, Milind Nagnur.

Name

Work History

Title

Status

Milind Nagnur

Chief Technology Officer

Current

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Name

Milind Nagnur

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Work History

Title

Chief Technology Officer

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Status

Current

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