ICICI Group

The ICICI Group, established in 1955 through a collaboration between the World Bank, the Indian Government, and Indian industry representatives, initially focused on project finance to support industrial development in India. In response to India's financial liberalisation in the 1990s, ICICI diversified its services, evolving from project finance to a comprehensive financial services provider. This included the formation of ICICI Bank in 1994 and its listing on the New York Stock Exchange in 1999, marking significant milestones.
Recognising the benefits of universal banking, ICICI merged with ICICI Bank in 2001. This strategic move aimed to leverage a larger capital base, broaden service offerings, and tap into new revenue streams. Approved by regulatory bodies and shareholders, the merger unified ICICI Group's operations, integrating its financing and banking activities across wholesale and retail sectors into a single entity.

Mumbai, Maharashtra, India

1955-01-01