[2][3][4] It was established in 2001 and currently serves 46 million customers in 148 cities and towns across India.

[5][6] The company provides protection, retirement, savings, investment, and annuity plans.

[7] The Kotak Mahindra Group was founded in 1985 as a provider of financial services.

[10] The company started operations in 2001 on a joint venture between Kotak Mahindra Bank Ltd and Old Mutual Plc.

[11][12][13] In 2017, Kotak Mahindra Bank bought Old Mutual's 26 percent stake in the life insurance joint venture for Rs 1,293 crore, subject to approvals, making the life insurance company fully owned by Kotak Mahindra Group.