About Uday Kotak
Executive vice chairman and managing director of Kotak Mahindra Bank is Indian banker Uday Suresh Kotak. He is a billionaire. In the early 1980s, Kotak made the decision to start his own business rather than accept a lucrative position with a multinational corporation because India was still a closed economy and economic growth was slow.
Uday Kotak Family
Uday Kotak, the pioneer and Chief of Kotak Mahindra Bank, was brought into the world on 15 March 1959 in Mumbai, India. He was naturally introduced to an upper-working class Gujarati Lohana joint family and experienced childhood in an enormous joint family. Kotak’s family was initially associated with the cotton business and had relocated from Karachi to Mumbai.
Kotak was brought up in a joint-family Gujarati household with 60 people living together in a shared kitchen. The family was initially into exchanging. He referred to this as “Free enterprise at work and Communism at home”. His two diversions had been cricket and playing the sitar. In a 2014 meeting with NDTV, he conceded that he was done seeking after his playing of the sitar. His choice of career was influenced by his mathematical prowess. He graduated from Sydenham College with a bachelor’s degree and Jamnalal Bajaj Institute of Management Studies with a postgraduate degree in management studies in 1982.
Uday Kotak Career
Kotak started his career working for a small financing company before starting his own business in 1985, Kotak Capital Management Finance Ltd. Kotak Mahindra Bank, which is now one of India’s leading private banks, took over the business later on. In November 2014, Kotak completed a $2.4 billion acquisition of rival ING Vysya Bank, which is partially owned by the Dutch financial services group ING. As a result, shares of Kotak Mahindra Bank reached an all-time high, and Kotak almost doubled his wealth in 2014.
He expanded his business into a variety of financial services over the following few years, establishing a prominent presence in stockbroking, investment banking, car finance, life insurance, and mutual funds, as well as bill discounting.
Kotak Mahindra Finance Ltd. became the first corporate entity in India’s history to receive a banking licence from the Reserve Bank of India on March 22, 2003. His 14-year partnership with Goldman Sachs came to an end in 2006 when Goldman Sachs sold Mr Kotak its 25% stake in two subsidiaries for $72 million.
Uday Kotak Facts
Even with having been engaged twice, Prokhorov has never been married. Soon after buying the Nets, he promised to get hitched in the event that the Nets had not brought home the NBA title in 5 years or less.
Uday Kotak Net Worth
According to the billionaire list of 2023, his net worth is $13.6 billion. Uday Kotak is the CEO of Kotak Mahindra Bank and a prominent figure in the Indian banking industry.
Personal Information
| Full Name | Uday Suresh Kotak |
| Father’s Name | Suresh Kotak |
| Mother’s Name | Indira Kotak |
| Siblings | Arti |
| Date Of Birth | 15 March 1959 |
| Age | 64 Years |
| Birth Place | India |
| Height | 5’ 9” |
| Education | MBA from University of Mumbai |
| Net Worth | $13.3 Billion |
| Profession | Businessman |
| Relationship Status | Married |
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