ICICI (The Industrial Credit and Investment Corporation of India Limited) Basic Knowledge

ICICI (The Industrial Credit and Investment Corporation of India Limited)

Website: www.icicibank.com

Chairperson - M K Sharma MD - Chanda Kochhar Directors - Rajiv Sabharwal, K Ramkumar, NS Kannan, Alok Tandon, V Sridar, V K Sharma, Tushaar Shah, M S Ramachandran, Homi Khusrokhan, Dileep Choksi

The Industrial Credit and Investment Corporation of India Limited (ICICI) incorporated at the initiative of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses. Mr.A.Ramaswami Mudaliar elected as the first Chairman of ICICI Limited.

ICICI emerges as the major source of foreign currency loans to Indian industry. Besides funding from the World Bank and other multi-lateral agencies, ICICI was also among the first Indian companies to raise funds from international markets.

ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998, an equity offering in the form of ADRs listed on the NYSE in fiscal 2000, ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.

ICICI Group Companies

ICICI Group
http://www.icicigroupcompanies.com

ICICI Prudential Life Insurance Company
http://www.iciciprulife.com/public/default.htm

ICICI Securities
http://www.icicisecurities.com

ICICI Lombard General Insurance Company
http://www.icicilombard.com

ICICI Prudential AMC & Trust
http://www.icicipruamc.com

ICICI Venture
http://www.iciciventure.com

ICICI Direct
http://www.icicidirect.com

ICICI Foundation
http://www.icicifoundation.org

Disha Financial Counselling
http://www.icicifoundation.org

ICICI Bank also has banking subsidiaries in UK and Canada

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ICICI Bank
9th Floor, South Towers
ICICI Towers
Bandra Kurla Complex
Bandra (E)
Mumbai
Phone: 91-022-653 7914

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