Biography
Uday Kotak is one of India’s best-known bankers and the founder of Kotak Mahindra Bank. He started his journey in financial services in the 1980s, at a time when India’s banking and finance sector was still taking its first steps toward becoming a modern industry.
What began as a small finance business in 1985 grew into Kotak Mahindra Bank, which became the first non-banking finance company in India to receive a banking licence from the Reserve Bank of India in 2003. Under his leadership, the bank expanded across banking, investment banking, insurance and other financial services.
Kotak stepped down as the bank’s Managing Director and CEO in September 2023 and continues to serve as a non-executive director.
Born and raised in Mumbai, Kotak studied commerce at Sydenham College before completing his management studies at Jamnalal Bajaj Institute of Management Studies. He has also focused on education and social development through the Kotak Education Foundation.
With an estimated net worth of around $13.6-14.4 billion, Uday Kotak remains one of India’s most prominent figures in banking and finance.
