Latest news with #KMIL
Al Etihad
10 hours ago
- Business
- Al Etihad
Kotak Mahindra gets SCA licence to launch fund management activities in UAE
18 Aug 2025 20:26 ABU DHABI (ALETIHAD)Kotak Mahindra (International) Limited (KMIL), a wholly owned subsidiary of Kotak Mahindra Bank Limited, has secured a licence from the UAE Securities and Commodities Authority (SCA) to conduct Investment Fund Management and Portfolio Management this approval, KMIL has become the first Indian firm to receive such a licence from the SCA, a press release announcing the decision said. It marks a significant milestone in cross-border financial services and sets the stage for the launch of UAE-domiciled funds for retail investors.'We are honoured to receive this licence from the UAE regulator. It is a testament to our enduring commitment to the UAE and our vision of fostering globally integrated, transparent capital markets,' said Shyam Kumar, President and Head of Kotak International. 'India's economic momentum continues to attract global interest, and through this licence, we are excited to offer UAE retail investors access to our India-focused investment strategies – enabling them to participate in one of the world's dynamic and resilient markets. We will offer India-centric investment options to help investors diversify their portfolios.'The company said it plans to leverage the licence by launching retail-focused solutions in the UAE aligned with its successful UCITS (Luxembourg-domiciled) and India-domiciled strategies. Subscriptions for these funds are expected to open by the final quarter of approval underscores Kotak Group's approach of working with regulators worldwide to expand access to capital markets. Alongside India, the group holds regulatory approvals in the USA, UK, Singapore, Mauritius and now the UAE. Kotak International, the global business arm of the Kotak Group, connects investors with India's growth story through a range of asset management, advisory and investment offerings. With more than three decades of experience and $6.08 billion assets under management, the firm operates across key financial hubs including Singapore, London, New York, Dubai and Mauritius.
Zawya
14 hours ago
- Business
- Zawya
Kotak Mahindra International becomes the first Indian firm to receive SCA license for investment and portfolio management in the UAE
Dubai, UAE – Kotak Mahindra (International) Limited ('KMIL'), a wholly owned subsidiary of Kotak Mahindra Bank Limited, today announced that it has been granted a license by the Securities and Commodities Authority ('SCA') - the capital markets regulator of the United Arab Emirates - to conduct Investment Fund Management and Portfolio Management activities. With this approval, KMIL becomes the first Indian firm to receive this license from the SCA, marking a significant milestone in the evolution of cross-border financial services. This development paves the way for the launch of UAE-domiciled funds for retail investors, further reinforcing the UAE's position as a regional financial and investment hub. 'We are honored to receive this license from the Securities and Commodities Authority. It is a testament to our enduring commitment to the UAE and our vision of fostering globally integrated, transparent capital markets,' said Mr. Shyam Kumar, President and Head, Kotak International. 'India's economic momentum continues to attract global interest, and through this license, we are excited to offer UAE retail investors access to our India-focused investment strategies - enabling them to participate in one of the world's dynamic and resilient markets. We will offer India-centric investment options to help investors diversify their portfolios.' KMIL intends to leverage this license to support the growth of the UAE's investment fund industry by offering retail-focused solutions. The company plans to launch funds aligned with its successful UCITS (Luxembourg-domiciled) and India-domiciled strategies, with subscriptions expected to open for UAE investors by the final quarter of CY2025. This license reflects Kotak Group's dedication to co-operate with global regulators to enhance accessibility of capital markets to a larger set of investors. With regulatory approvals in India, the USA, UK, Singapore, Mauritius, and the UAE, Kotak continues to expand its international presence and contribute to the robust financial ecosystems. About Kotak International Kotak International is the global business arm of the Kotak Group connecting international investors with India's vibrant growth story. With over 30 years of experience and an AUM of USD 6.08 Billion (as of 30th June 2025) the firm offers a comprehensive suite of asset management, advisory, and investment solutions to global clients seeking exposure to Indian markets. Kotak International has a global presence in key financial hubs - Singapore, London, New York, Dubai, and Mauritius - and operates via the following subsidiaries of Kotak Mahindra Bank Limited: - Kotak Mahindra Asset Management (Singapore) Pte. Ltd. (KMAMS) - Kotak Mahindra (UK) Ltd. (KMUK) - Kotak Mahindra Inc. (KMInc) - Kotak Mahindra (International) Ltd. (KMIL)
Arabian Post
14 hours ago
- Business
- Arabian Post
Kotak Mahindra International Secures UAE Investment License
Kotak Mahindra International Limited, a subsidiary of Kotak Mahindra Bank, has made a significant stride in expanding its footprint in the UAE's financial sector. The firm has officially received a licence from the Securities and Commodities Authority, granting it the ability to manage investments and portfolios within the emirate's capital markets. This makes KMIL the first Indian financial institution to obtain such a licence, opening the door to a wider range of investment opportunities in the region. The SCA's approval allows KMIL to operate in a competitive, high-growth financial market that is rapidly evolving. As a result, the firm is now positioned to offer both retail and institutional clients a broader spectrum of services, ranging from portfolio management to investment advisory. This move is expected to enhance the firm's existing capabilities and leverage the UAE's status as a global financial hub. KMIL's entry into the UAE market signifies a strategic effort to tap into the growing demand for professional investment services in the region, especially as the Middle East continues to be a lucrative market for global financial players. The UAE's business environment is becoming more conducive to foreign investments, with its forward-thinking regulatory framework and attractive tax incentives drawing a significant number of international financial institutions. ADVERTISEMENT The SCA's move to issue such licences aligns with the UAE's broader economic diversification strategy. By encouraging international firms to set up operations in the country, the UAE government aims to fortify its capital markets and establish itself as a leading financial centre in the region. The decision also underlines the country's commitment to maintaining a stable and robust regulatory environment for financial services. Kotak Mahindra's strategic expansion comes at a time when global interest in the UAE's financial markets is surging. The country's strategic location, tax-friendly policies, and world-class infrastructure have led to an influx of capital from around the world, positioning it as an ideal base for firms like Kotak Mahindra International to service clients in both the Gulf Cooperation Council region and beyond. The company's move also reflects a growing trend of Indian financial institutions seeking to diversify their portfolios and expand internationally. With this licence, Kotak Mahindra International joins a select group of global players that have made the UAE their home for managing investments and portfolios. This development underscores the increasing prominence of the UAE as a financial epicentre. KMIL's parent company, Kotak Mahindra Bank, has long been a key player in India's banking and financial services landscape. With its new licence, the bank's international arm can now offer its expertise to a new set of clientele while taking advantage of the burgeoning investment opportunities in the Middle East. The UAE's progressive economic policies and its positioning as a global financial hub make it an attractive destination for firms looking to serve the broader Middle Eastern, African, and Southeast Asian markets. Industry experts note that the SCA's licence is a vital step in enhancing the overall appeal of the UAE's financial services sector. The SCA, tasked with overseeing the functioning of capital markets, is committed to fostering a conducive environment for businesses to thrive. By offering such licences to international firms, the authority is sending a strong signal about its readiness to support the financial community and encourage further investments into the UAE economy.
Khaleej Times
18 hours ago
- Business
- Khaleej Times
Kotak Mahindra gains SCA approval to launch UAE funds
Kotak Mahindra (International) Limited (KMIL), a wholly owned subsidiary of Kotak Mahindra Bank Limited, has become the first Indian financial institution to receive approval from the Securities and Commodities Authority (SCA) of the UAE to conduct investment fund management and portfolio management activities. The licence marks a historic step for both the bank and the UAE's financial sector, opening new avenues for cross-border investment flows and collaboration between the two economies. Kotak Mahindra, one of India's most prominent private sector banking and financial services groups, has a long-established reputation for innovation in wealth management and investment banking. Founded in 1985, the Kotak Group today operates across consumer banking, corporate lending, insurance, asset management, and capital markets. With more than 70,000 employees, it manages assets worth over $100 billion and serves millions of clients globally. Kotak Mahindra Bank itself is among India's most valuable banking institutions, listed on Indian stock exchanges with a market capitalisation exceeding $50 billion. Its international operations include regulated businesses in the United States, United Kingdom, Singapore, and Mauritius, and now extend more deeply into the Middle East with the SCA licence. The SCA, established in 2000, is responsible for regulating securities markets, investment funds, and financial services. The licence granted to Kotak Mahindra allows the firm to launch UAE-domiciled funds for retail investors – an important milestone since it will make India-focused investment products more accessible to the UAE's large expatriate community and local investors seeking portfolio diversification. 'This licence is a testament to our enduring commitment to the UAE and our vision of fostering globally integrated, transparent capital markets,' said Shyam Kumar, president and head of Kotak International. 'India's economic momentum continues to attract global interest, and through this licence we are excited to offer UAE investors access to India-focused investment strategies, enabling them to participate in one of the world's most dynamic and resilient markets.' Kotak Mahindra intends to launch funds aligned with its successful UCITS (Luxembourg-domiciled) and India-domiciled strategies, which have attracted strong investor participation globally. The new offerings will cater specifically to the UAE market and are expected to open for subscription in the final quarter of 2025. Analysts note that such initiatives will deepen the financial ties between India and the UAE, two economies already closely linked through trade, energy cooperation, and remittances. Industry experts also see the move as part of a broader trend of Indian financial institutions expanding internationally. As India continues to grow as one of the fastest-expanding major economies – projected by the IMF to grow at over six per cent annually through 2026 – global investors are increasingly seeking exposure to its markets. Kotak's presence in the UAE will give them a direct gateway, regulated under one of the most respected capital market authorities in the region. For the UAE, it underscores confidence in its regulatory environment and its ambition to attract international asset managers to base products locally, according to analysts. The licence adds to Kotak's global footprint, with approvals already in place in India, the US, UK, Singapore, and Mauritius.
News18
21 hours ago
- Business
- News18
First For India: Kotak Mahindra Wins UAE License To Launch Local Funds
Last Updated: Kotak Mahindra (International) Limited got a UAE license for Investment Fund and Portfolio Management, becoming first Indian firm to offer UAE-domiciled funds to retail investors. Kotak Mahindra (International) Limited ('KMIL"), a wholly owned subsidiary of Kotak Mahindra Bank Limited, today announced that it has been granted a license by the Securities and Commodities Authority ('SCA") – the capital markets regulator of the United Arab Emirates – to conduct Investment Fund Management and Portfolio Management activities. With this approval, KMIL becomes the first Indian firm to receive this license from the SCA, marking a significant milestone in the evolution of cross-border financial services. This development paves the way for the launch of UAE-domiciled funds for retail investors, further reinforcing the UAE's position as a regional financial and investment hub. 'We are honored to receive this license from the Securities and Commodities Authority. It is a testament to our enduring commitment to the UAE and our vision of fostering globally integrated, transparent capital markets," said Shyam Kumar, President and Head, Kotak International. 'India's economic momentum continues to attract global interest, and through this license, we are excited to offer UAE retail investors access to our India-focused investment strategies – enabling them to participate in one of the world's dynamic and resilient markets. We will offer India-centric investment options to help investors diversify their portfolios." KMIL intends to leverage this license to support the growth of the UAE's investment fund industry by offering retail-focused solutions. The company plans to launch funds aligned with its successful UCITS (Luxembourg-domiciled) and India-domiciled strategies, with subscriptions expected to open for UAE investors by the final quarter of CY2025. This license reflects Kotak Group's dedication to co-operate with global regulators to enhance accessibility of capital markets to a larger set of investors. With regulatory approvals in India, the USA, UK, Singapore, Mauritius, and the UAE, Kotak continues to expand its international presence and contribute to the robust financial ecosystem. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
