Founded in 1985 by Uday Kotak as Kotak Mahindra Finance Limited, the company received a banking license from the Reserve Bank of India (RBI) in February 2003, becoming the first non-banking finance company in India to be converted into a commercial bank. The bank provides a comprehensive range of financial services that includes personal banking, corporate banking, wealth management, investment banking, and insurance. Its business philosophy is centered on providing customers with professional, accessible, and high-quality financial solutions.