Kotak Bank partners Jyoti CNC for MSME financing

By Vriti Gothi

Kotak Mahindra Bank Ltd. has partnered with Jyoti CNC Automation Ltd, to deliver tailored equipment financing solutions to micro, small and medium enterprises (MSMEs). The initiative underscores Kotak Mahindra Bank’s commitment to advancing digital transformation in commercial banking and strengthening India’s manufacturing ecosystem.

Under the arrangement, MSMEs investing in advanced CNC machinery will gain access to digital equipment loans of up to ₹3 crore, enabling faster, more flexible, and customer-centric financing. The partnership seeks to simplify capital access, accelerate adoption of cutting-edge technology, and empower businesses across the machine tool industry to scale efficiently.

The collaboration is expected to benefit a wide range of enterprises, from OEM suppliers to large automobile manufacturers to smaller job workers operating with limited machinery, thereby fuelling innovation and competitiveness across the sector.

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.”

Parakramsinh G. Jadeja, Founder, Chairman and Managing Director, 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.”

The partnership aligns with Kotak Mahindra Bank’s broader MSME strategy to be the preferred financial partner for small and medium businesses. By combining sector-specific expertise with digital-first lending capabilities, the Bank is enhancing resilience and growth opportunities for MSMEs – a cornerstone of India’s economic progress.