U day Kotak is a self-made Indian billionaire who is the founder and former managing director and CEO of Kotak Mahindra Bank, one of India's largest and most successful private-sector banks. An MBA graduate, he famously turned down a lucrative job offer from a multinational corporation to start his own financial services business in 1985 with a small loan from family and friends. He started with bill discounting and has since built his company into a full-fledged financial conglomerate.
Under his leadership, Kotak Mahindra has grown into a dominant force in Indian finance, with services spanning commercial banking, stockbroking, asset management, and investment banking. A key moment in his career was the acquisition of ING Vysya Bank in 2014, a deal that significantly scaled up his bank's operations. He is renowned for his prudent management style and his deep understanding of the Indian financial markets. After nearly four decades at the helm, he stepped down as CEO in 2023 but remains a non-executive director and the company's largest shareholder.
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Uday Suresh Kotak is an Indian businessman, the self-made billionaire Founder, Former MD, and Executive Vice Chairman of Kotak Mahindra Bank Ltd. (NSE: KOTAKBANK), one of India's largest and most successful private banks. His career is rooted in elite finance, entrepreneurial audacity, and strategic asset management.
Kotak holds a B.Com. from Sydenham College, Mumbai, and an MBA from Jamnalal Bajaj Institute of Management Studies (JBIMS). His philosophical approach centers on scale, stability, and long-term commitment to financial prudence (pioneering the integrated financial services model). He founded the precursor to Kotak Mahindra Bank in 1985 as a financial consulting firm.
Uday Kotak's strategic genius was his commitment to institutional stability. He founded Kotak Capital Management Finance in 1985, successfully evolving it through various financial ventures before orchestrating the conversion of the NBFC (Non-Banking Financial Company) into Kotak Mahindra Bank in 2003. His structural contribution is immense: pioneering the modern private banking model that transformed the Indian financial sector.
He stepped down as CEO in 2023 (remaining Non-Executive Director and Executive Vice Chairman) to focus on governance and his family office. His wealth is secured by the colossal, long-term, stable profitability of the Indian financial services and banking sector.
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Founds Kotak Capital Management Finance (Founding).
The NBFC is converted into Kotak Mahindra Bank (Banking Apex).
Steps down as MD and CEO, remaining Non-Executive Director and Executive Vice Chairman (Executive Transition).
Continues as Founder and Executive Vice Chairman, guiding the global financial giant (Executive Oversight).
Uday Kotak's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded financial giant, Kotak Mahindra Bank Ltd. (NSE: KOTAKBANK), and his private investments.
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Uday Kotak's social impact stems from Kotak Mahindra Bank's role in providing essential banking and financial services, which accelerated capital market growth and financial inclusion across India. The Kotak Education Foundation supports major initiatives in education and skill development for underprivileged youth, focusing on economic mobility and literacy.
His personal philanthropy supports various community and educational initiatives.
Uday Kotak maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored business suits or traditional Indian business attire. His aesthetic reflects serious authority and stability, typical of a leader in the global financial sector.
Residing in Mumbai, India, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic investment, and financial discipline.
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-0.04% | -$0.74M
0% | $0.02M
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