New Delhi, Dec. 24 -- Kotak Mahindra Bank has built a reputation for taking long-term bets across a wide range of companies, including KFin Technologies, Pioneer Embroiderie, and Quadrant Televentures. But one investment stands apart, both for its timing and for what it has delivered over the years.

In 2014, when this company was facing a crisis, Kotak took a contrarian approach and invested Rs.459 crore for a 15% stake, at Rs.600 per share.

Over the last 11 years, that investment has grown nearly 18 times, with the stock now trading around Rs.10,795. The company's valuation has increased from Rs.3,060 crore to over Rs.55,055 crore during the period.

Consequently, Kotak's investment of Rs.459 crore has now grown to Rs.8,258 crore. The ...