Mr. Uday Kotak
MD and CEO
Kotak Mahindra Bank Limited
Mr. Uday Kotak is the Founder and CEO of Kotak Mahindra Bank (Kotak). The Bank has consolidated net worth of around USD 7 billion and around 50,000 employees. For Uday, who believes that the true measure of performance is value creation, the scorecard is telling: investors who kept faith with the enterprise over the past 32 years have seen 40% CAGR on their investments over this period.
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 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 capitalized 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 banking and financial services. The Kotak Education Foundation works with some of India’s most economically depressed communities, attempting to alleviate poverty in a sustainable way through education and livelihood programmes.
Uday holds a Bachelor’s degree in Commerce and an MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai.