Kotak Edge

Uday Kotak
Managing Director & CEO
Kotak Mahindra Bank Limited

Uday Kotak, is the Founder and MD & CEO of Kotak Mahindra Bank. The Bank has consolidated net worth of around US$8.4 billion as on 31st March 2019 and about 60,000 employees. Uday believes that the true measure of performance issustainablevalue creation. Investors who kept faith with the enterprise over the past 33 years have seen 40% CAGR on their investments.

When Uday dipped a finger in the banking and financial sector in 1985, he knew he had found his calling. For the 26-year old, the small bill discounting business he had started held the promise of a universal banking company. In March 2003, the company that Uday built, Kotak Mahindra Finance became the first NBFC in India to get a banking license.

Today, Kotak is among India’s most efficient, high-performing and trusted banks. Uday’s strategy for growth is defined by quality, simplicity and prudence. This conviction and a respectable distance from market exuberance has ensured that the bank is well capitalised and its asset book is of high quality.

The premise of Kotak’s business model is concentrated India, diversified financial services. The group has a global presence with offices in key financial markets. The bold vision that underscores the group’s growth is also an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked.

The Group’s vision for equitable prosperity extends beyond financial services. The Kotak Education Foundation works with some of India’s most economically underprivileged communities, attempting to alleviate poverty through education and livelihood programmes.

Uday has served as Chairman of the SEBI constituted Corporate Governance Committee. In October 2017, the Uday-led panel submitted the report on corporate governance to SEBI recommending sweeping changes to create a more robust and transparent governance environment. In October 2018, Government of India appointed Uday as the non-executive chairman of the new IL&FS board with a mandate to steer one of India’s largest NBFCs - IL&FS, out of the crisis that it is caught up in, which Uday has taken up as national duty. Uday is a member of the International Advisory Panel of Monetary Authority of Singapore and is the President-Designate of Confederation of Indian Industry (CII).

Uday holds a Bachelor’s degree in Commerce, and a MMS degree from Jamnalal Bajaj Institute of Management Studies.

    Membership

  • Member of the International Advisory Panel of Monetary Authority of Singapore
  • Member of the International Advisory Board of the Government of Singapore Investment Corporation (GIC)
  • President-Designate of Confederation of Indian Industry (CII)
  • Co-Chairman of Indo-UK Financial Services Partnership (IUKFP) constituted under guidance of Ministry of Finance (MoF), Government of India (GoI) and UK Treasury
  • Served as Chairman of Securities and Exchange Board of India (SEBI) constituted Corporate Governance Committee
  • Chairman of Advisory Committee on Corporate Insolvency and Liquidation constituted by the Insolvency & Bankruptcy Board of India
  • Member of the Board of Governors of Indian Council for Research on International Economic Relations (ICRIER)

    Achievements

  • ‘Life Time Achievement Award’ at Magna Awards 2019 by Businessworld.
  • ‘USIBC Global Leadership Award’ at the 2018 India Ideas Summit organised by the U.S.-India Business Council
  • ‘Banker of the Year’ by Businessworld Magna Awards 2018
  • ‘CEO of the Year’ for Individual Excellence at the CNBC-AWAAZ CEO Awards 2018
  • ‘Lifetime Achievement Award ’ at The Financial Express’ Best Banks’ Awards 2016
  • ‘Businessman of the Year 2016’ by Business India
  • Sole Indian Financier to feature in Money Masters: The Most Powerful People in The Financial World, by Forbes magazine, USA (May 2016)
  • ‘ET Business Leader of the Year’ at ET Awards 2015 for Corporate Excellence
  • ‘Entrepreneur of the Year’ at Forbes India Leadership Awards 2015
  • ‘Entrepreneur of the Decade’ by Bombay Management Association (BMA) in 2015
  • ‘Ernst & Young World Entrepreneur of the Year 2014 Award’
This website uses cookies to ensure you get the best experience on our website. Learn More. GOT IT!