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Kotak Mahindra Prime Limited (KMPL) (earlier Kotak Mahindra Primus Limited) was incorporated on February 28, 1996. It was formed as a Joint Venture with Kotak Mahindra Bank Limited (then Kotak Mahindra Finance Limited) holding 60% and the balance being held by Ford Credit International Inc., U.S.A.

On October 4, 2005, the Joint Venture was realigned and the entire 40% shareholdings of Ford Credit International Inc., in the company was purchased by Kotak Group. The Registrar of Companies, Mumbai approved the change in name of the company from Kotak Mahindra Primus Limited to Kotak Mahindra Prime Limited with effect from December 1, 2005.
ICRA Rating:
  • Long Term Debentures  LA
CRISIL Rating:
  • Short Term  P1+
The ratings reflect the continued strong performance in terms of improving market position, tight control on asset quality and conservative balance sheet profile. KMP's rating benefits from its parentage, stable and strong management, resource raising capability and strong system and controls.

Mr. Uday Kotak   –   Chairman
Mr. Dipak Gupta   –   Director
Mr. C. Jayaram   –   Director
Mr. Shekhar Sathe   –   Director
Mr. Jaimin Bhatt   –   Director
Ms. Shanti Ekambaram   –   Director
Mr. Mohan Shenoi   –   Director

Management

Mr. Sumit Bali – CEO & Manager
Mr. Sudhakar Shanbhag – COO