If the friendship song 'Yeh Dosti Hum Nahi Todenge', picturized on Dharmendra and Amitabh Bachchan in the film 'Sholay', is taken into real life, then the names of two big businessmen come to the fore. One is Uday Kotak and Anand Mahindra. Today, the friendship of these two industrialists has completed almost 40 years. In the banking sector, 'Kotak Mahindra' has become not two different but one identity, but do you know that this journey started with the marriage of Uday Kotak. Let's know the whole story…
So it happened that Uday Kotak, who once dreamed of becoming a cricketer, had recovered from a head injury caused by a ball. He had canceled becoming a cricketer, now he wanted to do something new. At the same time he got a job offer from Hindustan Lever, but his father advised him to do some business, and Uday Kotak got involved in the idea of opening a finance company.
Uday got proposal in marriage
Uday Kotak got married in 1985. Before marriage, he had started his own 'Kotak Capital Management Finance Limited'. This company would take money from people at low interest and give it to big companies at slightly higher interest. But the clients on both sides would have got the money at a better rate than the bank interest rates prevailing at that time. With this margin, Uday Kotak would make money.
His work was going on when at the same time, Mahindra Group heir Anand Mahindra returned to India after studying abroad. He got the responsibility of handling the family's steel business and with this he became a client of Uday Kotak's company, their meetings increased and their friendship grew stronger.
Well, when Uday got married, Anand Mahindra also attended it. There was a discussion between the two on the idea of a big finance company, Anand Mahindra immediately agreed to invest in Uday Kotak's idea and asked him, 'Can I invest in your company?'
Name of 'Mahindra' associated with Kotak
Uday Kotak could not say no to this proposal of the successor of the Mahindra Group. Anyway, adding the name of a group like Mahindra helped Kotak to become a reliable brand in the market. In this way, Kotak Finance became Kotak Mahindra Finance in no time.
Mahindra had invested Rs 1 lakh
Anand Mahindra had invested Rs 1 lakh in Uday Kotak's company in 1985 itself. Also became its promoter. Then a total investment of Rs 30 lakh was made in this company. Although Anand Mahindra separated himself from Kotak Mahindra Bank in 2009, but even today the name of 'Kotak Mahindra Bank' remains intact.
Mahindra's best investment
Anand Mahindra has on many occasions described investing in Kotak's Idea as his best investment so far. Uday Kotak has always called Anand Mahindra his friend and mentor. Uday Kotak once said that every big finance company in the world is known by the name of its founders (like JP Morgan, Moody's Investors, Morgan Stanley, Standard & Poor's etc.). He also wanted to keep his family name along with the name of his company. After coming together with Mahindra, it became 'Kotak Mahindra'.
Let us tell you, Kotak Mahindra Bank is the only company in India in which the names of two corporate houses are linked. This is the only finance company in which the name of its founders is mentioned.
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