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Uday Suresh Kotak (born 15 March 1959) is an Indian banker and founder of Kotak Mahindra Bank, where he is a non-executive director. In the early 1980s, while India was still a closed economy with slow economic growth, Kotak decided to start on his own, turning down a lucrative job offer from a multinational corporation. [2]
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- Facts/Trivia
Uday Suresh Kotak was born on Sunday, 15 March 1959 (age 64 years; as of 2023) in Bombay, Bombay State (now Mumbai, Maharashtra), India. His zodiac sign is Pisces. In an interview, Uday revealed that he used to live in a joint family of sixty people in Mumbai. Talking about it, he said, After completing his schooling at Hindi Vidya Bhavan in Mumbai...
Family Business
After Uday underwent surgery and temporarily dropped his studies, he joined his family business of trading in Mumbai; however, he later left the family business and established a finance firm. In an interview, Uday revealed that he got aversed to work in the family business due to a difference of opinion with other family members on how to run the business.
Starting A Business in Finance
After completing his MBA, Uday received a job offer to work with Hindustan Unilever; however, he declined the offer and established a finance firm in Navsari, Mumbai. He talked about it, in an interview, and said, Following the establishment of the finance firm, his father, Suresh, introduced him to Shivanand Mankekar, a finance guru, who taught Uday about the functioning of the stock markets and finance.
Kotak Mahindra Bank
In 1985, he established a finance firm called Kotak Capital Management with Sidney Pinto, a banker. He began the company with an initial investment of under US $80,000 (Rs. 30 lakhs approx.) borrowed from his family and friends. The company indulged in bill discounting business with Tata Group and Mahindra. While working with Mahindra, he came in contact with Anand Mahindra, who was the general manager at Mahindra & Mahindra back then. Uday Kotak asked Anand to invest Rs. 1 lac in his company...
In June 2014, he received the Ernst & Young World Entrepreneur Of The Year Award.Uday Kotak with his EY Entrepreneur of the Year award
Mercedes-Benz GLS-ClassAudi A8BMW 8-SeriesIn an interview, Uday revealed that he liked to play cricket and wanted to pursue a career in professional cricket; however, he had to give up on his dreams of becoming a cricketer after getting gr...
Who is Uday Kotak? 1) Uday Kotak will continue to serve as a non-executive director on the bank's board. The 64-year-old India's richest banker founded Kotak Mahindra Bank...
3 days ago · Spurning his family's trading business, Uday Kotak started a finance firm in 1985 then went on to convert it into a bank in 2003. His Kotak Mahindra Bank is now among India's top four banks in...
Sep 2, 2023 · Uday Kotak on Saturday resigned as the Managing Director and Chief Executive Officer of private lender Kotak Mahindra Bank, the company said in a stock exchange filing.
Sep 2, 2023 · Uday Kotak, the founder of Kotak Mahindra Bank, has stepped down as the bank's Managing Director and CEO. Under his leadership, the bank grew from a small bill-discounting business to India's third-largest private lender by market value.
Nov 12, 2023 · If not for a cricket ball to the skull, Uday Kotak might never have become one of modern India’s most successful finance entrepreneurs. The speeding projectile that hit him during a match at ...
