Kotak Mahindra is one of India's leading financial organizations, offering a wide range of financial services such as commercial banking, stock broking, mutual funds, life insurance, and investment banking. It has a net worth of over Rs. 10,963 crores and a large distribution network across cities in India and offices worldwide. The group employs around 20,000 people serving 8.8 million customer accounts. Kotak Mahindra Asset Management Company is the asset manager for Kotak Mahindra Mutual Fund, which started in 1998 and has over 1 million investors in various schemes, including being the first to launch a dedicated gilt scheme investing only in government securities.