IndusInd Bank
Company History
IndusInd Bank derives its name and inspiration from the Indus Valley civilisation - a culture described by National Geographic as ‘one of the greatest of the ancient world’ combining a spirit of innovation with sound business and trade practices.Mr. Srichand P. Hinduja, a leading Non-Resident Indian businessman and head of the Hinduja Group, conceived the vision of IndusInd Bank - the first of the new-generation private banks in India - and through collective contributions from the NRI community towards India’s economic and social development, brought our Bank into being.
The Bank, formally inaugurated in April 1994 by Dr. Manmohan Singh, Honourable Prime Minister of India who was then the country’s Finance Minister, started with a capital base of Rs.1,000 million (USD 32 million at the prevailing exchange rate), of which Rs.600 million was raised through private placement from Indian Residents while the balance Rs.400 million (USD 13 million) was contributed by Non-Resident Indians.
The merger with the Bank in June 2004 of Ashok Leyland Finance Ltd., among the largest leasing finance and hire purchase companies in India, set in motion a process of consolidation through the combined customer base of the merged entity and its increased geographical penetration. IndusInd Bank has become one of the fastest-growing banks in the Indian banking sector today with its branch network expanding from 61 as on March 31, 2004 to 137 as on March 31, 2006 – reflecting an increase in excess of 125% in 24 months. The Bank has approximately 150 ATMs of its own, and has concluded multilateral arrangements with other banks with a total network of 15,000 ATM outlets. All the outlets of the Bank, including its branches and ATMs, are connected via satellite to its central database that operates on the latest version of IBM’s AS400-720 series hardware and Midas Kapiti (now, Misys) software.
IndusInd Bank’s broad lines of business include Corporate Banking, Retail Banking, Treasury and Foreign Exchange, Investment Banking, Capital Markets, Non-Resident Indian (NRI) / High Networth Individual (HNI) Banking, and (through a subsidiary) Information Technology.
IndusInd Bank provides multi-channel facilities including ATMs, Net Banking, Mobile Banking, Phone Banking, Multi-city Banking and International Debit Cards. It was one of the first banks to become a part of RBI’s Real Time Gross Settlement (RTGS) system. It has implemented an enterprise-wide risk management system encompassing global best practices in the area of Risk Management, with help from KPMG. This has enabled the Bank to remain in the forefront in complying with the requirements of Basel II. It is the first bank in India to receive ISO 9001:2000 certification for its Corporate Office and its entire network of branches.
With its roots in Indian tradition and emphasis on customer care, IndusInd Bank’s service philosophy is well reflected in the communication tagline “We Care… Dil Se”.
Company Background
Industry Name : Finance - Banks - Private Sector
House Name : Hindujas Group
Year Of Incorporation 1994
Regd. Office
Address : 2401, General Thimmayya Road, (Cantonment)
District : Pune
State : Maharashtra
Pin Code : 411001
Tel. No. : 020-26343201
Fax No. : 020-26343241
Email : aprao@indusind.com
Internet : http://www.indusind.com
Auditors : S R Batliboi & Co.
Registrars
Name : Intime Spectrum Registry Ltd.
Address : C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (W), Mumbai - 400078, Maharashtra
Tel. No. : 25963838
Fax No. : 25946969
Email : isrl@intimespectrum.com
Internet : www.intimespectrum.com
BSE: 532187
NSE: INDUSINDBK
List Of Directors
1 R Seshasayee Chairman / Chair Person
2 Ram Buxani Director
3 R Sundararaman Director
4 T Anantha Narayanan Director
5 T T Ram Mohan Director
6 Pallavi Shroff Director
7 Premchand Godha Director
8 Ajay Hinduja Director
9 S C Tripathi Director
10 Bhaskar Ghose Managing Director
11 S Nagarajan Joint Managing Director
12 S Nagarajan Joint Managing Director
Location Details
Secretarial Office
Mr. Suresh Vishwanathan, Company Secretary & Head - Compliance, 701, Solitaire Corporate Park, 167, Guru Hargovindji Marg,
Mumbai - 400093
Maharashtra - India
Phone : 56412485, 56412486
Fax : 56412347
Branch Office
Ananthapur 10/373, Nama Towers Subhash Road
Ananthapur District - 515001
Andhra Pradesh - India
Phone : 244955, 551286
Email : anap@indusind.com
Branch Office
1-8-448 Sardar Patel Road
Secunderabad - 500003
Andhra Pradesh - India
Phone : 27907660/64/65
Fax : 27907673
Email : hybe@indusind.com
Branch Office
Meridian Educational Society Road No. 7 Banjara Hills
Hyderabad - 500034
Andhra Pradesh - India
Phone : 23354567/8
Fax : 23354567
Email : hyme@indusind.com
Overseas Office
Country Mark Home 50, Ragent Street London WIB 5 RD
London - United Kingdom
Phone : 4324503
Fax : 4324504
Email : arun_trivedi@indusind.com
Branch Office
Laxmi, 100, Sardar Patel Road, Begumpet,
Secunderabad - 500003
Andhra Pradesh - India
Phone : 27907660/63/64/65
Fax : 27907673
Overseas Office
203 Safa Commercial Building Opp. Burjuman Centre
Dubai - United Arab Emirates
Phone : 3978803
Fax : 3978805
Email : ibldubai@indusind.ae
Branch Office
Sudarshan Building Old No.86 New No. 92
Chennai (Madras) - 600018
Tamil Nadu - India
Branch Office
Landscape Excesior, Dayanad Bandodkar Marg,
Panjim - 403001
Goa - India
Phone : 2429044/46/47
Fax : 2427799
Branch Office
B 1/2, Morya Estate, New Link Road, Oshiwara, Andheri (W)
Mumbai - 400053
Maharashtra - India
Phone : 56951107 - 10
Fax : 56951106
Branch Office
Preet Vihar C - 61, Preet Vihar, Vikas Marg,
New Delhi - 110092
Delhi - India
Phone : 22051623/32/64
Fax : 22051644
Branch Office
World Business House, S M Road, Nr.Parimal Garden, Ellis Bridge,
Ahmedabad - 380006
Gujarat - India
Phone : 6426104 - 8
Fax : 6560401
Branch Office
M G Road, 1st Floor, West Wing Du ParcTrinity, No 17,
Bangalore - 560001
Karnataka - India
Phone : 5592319/27/31
Fax : 5592309
Registered Office
2401, General Thimmayya Road
Pune - 411001
Maharashtra - India
Phone : 26343201
Fax : 26343241
Email : aprao@indusind.com
Corporate Office
701, Solitaire Corporate Park 167, Guru Hargovindji Marg
Mumbai - 400093
Maharashtra - India
Phone : 66412200
Fax : 66412224
Email : investor@indusind.com