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.