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Kotak Mahindra Bank is an Indian banking and financial services company founded by Uday Kotak in 1985. It offers various products and services for corporate and retail customers, and has grown through acquisitions, partnerships and expansions.
Uday Kotak is an Indian banker and founder of Kotak Mahindra Bank, the third largest private sector bank in India. He started his career in the 1980s with a bill-discounting business and diversified into various financial services, becoming a billionaire and a prominent business leader.
- Uday Kotak - Personal Life
- Uday Kotak - Education
- Uday Kotak - Professional Life
- Uday Kotak - Success Story
- Uday Kotak - Founder of Kotak Mahindra Bank
- Uday Kotak - Acquisitions
- Uday Kotak - Memberships
- Uday Kotak - Awards and Honors
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Uday was born to a Gujaratifamily. He loved to play cricket and also used to play the musical instrument, the Sitar. He lived in a huge joint family with 60 people sharing a common kitchen under one roof. His family ran a cotton trading business. He asserts that he has learned socialism at home and capitalism at work. He is married to Pallavi Kotak...
Uday was a student of mathematics and this propelled him to choose his career path. He graduated with a bachelor’s degree from Sydenham College in Mumbai. He further completed Masters of Business Administration (MBA) from Jamnalal Bajaj Institute of Management Studiesin 1982.
Uday started with his business soon after completing his management studies. He borrowed less than $80,000 from his family and friends to startKotak Capital Management Finance Limited, which later became Kotak Mahindra Finance Limited. He successfully converted it into Kotak Mahindra Bank in 2003. He serves as the Chairman of Infrastructure Leasing...
Uday eventually converted the bill-discounting startup into a financial services conglomerate in 2003. Kotak Mahindra Bank became the second-largest commercial bank by market capitalization in India (private and PSU). Kotak has assets of worth $62 billion, in addition to 1600 branches and 2519 ATMs, as of the year 2021.
Uday foundedKotak Mahindra Bank in February 2003. It is India’s third most valued bank and is headquartered in Mumbai, Maharashtra, India. As of 2021, the bank grosses a revenue of $7.9 billion. The subsidiaries of Kotak Mahindra Bank include Kotak Mahindra General Insurance, Kotak Life Insurance, Kotak Mutual Fund, Kotak Securities, Kotak Mahindra...
Uday almost doubled his wealth as shares of Kotak Mahindra Bank rose high after he closed a $2.4 billion deal in November 2014 in rivalry withING Vysya Bank, which is partially owned by Dutch financial services group ING. He acquired ING Vysya Bank for $2.1 billion in 2015. After the merger of Kotak and ING, ING Group held a 7% stake in Kotak Mahin...
Uday Kotak has memberships in several high authorities. 1. Uday is a member of the Government of India’s High-level Committee on Financing Infrastructure, the Primary Market Advisory Committee of the Securities & Exchange Board of India (SEBI). 2. He is a member of the Board of Governors of the National Institute of Securities Markets and ICRIER. 3...
Uday Kotak has been honored with many awards which are listed below: 1. Uday was ranked #2 in Best CEO in the year 2020. 2. Kotak Mahindra bank was ranked #4 in the Best Managed Companyin the year 2020. 3. Uday received theLifetime Achievement Award at Magna Awards 2019 by Businessworld. 4. At the Business Today Best CEO Awards 2019, he was named t...
Who is owner of Kotak Mahindra bank?
Uday Kotak is the owner of Kotak Mahindra bank.
When was Kotak Mahindra Bank founded?
Kotak Mahindra bank was founded in February 2003.
What is the Uday Kotak's net worth?
Uday Kotak has a net worth of $14.5 billion.
Learn about the biography, education, professional life, success story, and achievements of Uday Kotak, the billionaire businessman who founded Kotak Mahindra Bank in 2003. Kotak Mahindra Bank is India's third most valued bank and has a net worth of $62 billion as of 2021.
- 63 (2022)
- 15 March, 1959
- Mumbai, India
- University of Mumbai
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Sep 2, 2023 · Uday Kotak, the founder of Kotak Mahindra Bank, started his financial services business in 1985 with a bill discounting service. He grew it into India's third-largest private lender by market value with innovative products, global partnerships and smart marketing.
Company History - Kotak Mahindra Bank. 1985. - The company was incorporated on 21st November 1985 under the name. Kotak Capital Management Finance Ltd. The Company has been promoted. by Mr Uday...
Sep 18, 2023 · Learn about the journey of Kotak Mahindra Bank, from its founding in 1985 as a non-banking finance company to its transformation into a commercial bank in 2003. Discover its major milestones, subsidiaries, acquisitions, products, and values in this comprehensive blog.
Founded by Uday Kotak, the bank's visionary founder and managing director, Kotak Mahindra Bank initially operated as Kotak Capital Management Finance Ltd. (KCMFL), focusing on non-banking financial activities such as bill discounting and corporate finance.
