Kotak Mahindra Bank Partners With Jyoti CNC To Empower MSMEs With Tailored Equipment Financing Solutions

Kotak Mahindra Bank Ltd. (KMBL) has announced a strategic arrangement with Jyoti CNC, one of India’s leading CNC machine manufacturers, to offer, on standalone basis, customized equipment financing solutions to MSMEs in the machine tool industry.

This collaboration aims to simplify and accelerate access to capital for businesses looking to invest in advanced CNC machinery. Under the arrangement, Kotak Mahindra Bank will offer equipment loans up to ₹3 crore digitally, enabling faster and more flexible financing.

 

Rohit Bhasin, President, Head – Business Banking, Affluent, NRI and Chief Marketing Officer, Kotak Mahindra Bank, said, "This arrangement reflects our commitment to supporting MSMEs at every stage of their growth. By offering tailored financing solutions, we aim to empower manufacturers to scale operations, adopt cutting-edge technology, and enhance productivity."

 

The initiative is designed to benefit a wide spectrum of MSMEs, including:

 

- OEM suppliers to large automobile manufacturers

 

- Job workers operating on a smaller scale with limited machinery

 

Parakramsinh G. Jadeja, Founder, Chairman and MD – Jyoti CNC Automation Ltd, said, "We are excited to collaborate with Kotak Mahindra Bank to provide our customers with seamless access to financing. This initiative will not only support their business aspirations but also strengthen the overall ecosystem of precision manufacturing in India."

 

This arrangement aligns with Kotak’s broader strategy to be the preferred banking partner for MSMEs, offering innovative financial solutions that drive growth and resilience across industries.

 

About Kotak Mahindra Bank Limited

 

Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Limited.

 

The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking, and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on 30th June 2025, Kotak Mahindra Bank Ltd has a national footprint of 2,154 branches and 2,927 ATMs (incl. cash recyclers), and branches in GIFT City and DIFC (Dubai).