MD of Kotak Mahindra Bank

... Uday Kotak Morbi



More about Uday Kotak


Bachelor’s Degree from Sydenham College MBA Jamnalal Bajaj Institute of Management Studies.

Story of Life

Kotak was raised in an upper middle class Gujarati Lohana joint-family household with 60 persons sharing a common kitchen under one roof. The family was originally into cotton trading. He called this “Capitalism at work and Socialism at home”.

His two pastimes had been cricket and playing the sitar. In a 2014 interview with NDTV he admitted that he was no longer pursuing his playing of the sitar.

His talent in mathematics influenced his choice of career. He obtained his Bachelor’s Degree from Sydenham College and completed his post graduation in management studies in 1982 from Jamnalal Bajaj Institute of Management Studies.

Famous for

Uday Kotak (born 15 March 1959) is an Indian banker; executive vice chairman and managing director of Kotak Mahindra Bank.


In early 1980s, while India was still a closed economy and economic growth was muted, Uday Kotak decided to start out on his own, refusing a lucrative job option from a multinational. Over the next few years, he diversified his business into various areas of financial services, establishing a prominent presence in bills discounting, stockbroking, investment banking, car finance, life insurance and mutual funds. On 22 March 2003, Kotak Mahindra Finance Ltd. became the first company in India’s corporate history to receive a banking license from Reserve Bank of India.


Sole Indian Financier to feature in Money Masters: The Most Powerful People in The Financial World, by Forbes magazine, USA (May 2016)

Received the ‘AIMA-JRD Tata Corporate Leadership Award’ for the year 2015 at AIMA’s 2nd National Leadership Conclave

‘Best Transformational Leader Award 2015’ by Asian Centre for Corporate Governance & Sustainability in 2016

‘ET Business Leader of the Year’ at ET Awards 2015 for Corporate Excellence.

‘Entrepreneur of the Year’ at Forbes India Leadership Awards 2015.

‘Entrepreneur of the Decade’ by Bombay Management Association (BMA) in 2015.

Banker of the Year 2014 by Business world

Ernst & Young World Entrepreneur of the Year 2014 Award.

Ernst & Young Entrepreneur of the Year 2013 Award (India)

Banker of the Year 2013-14 at FE Best Bank’s Awards.

Special award for his contribution in the growth of India’s equity markets at India’s Best Market Analyst Awards 2012 by Zee Business in 2012.

‘Financial Leadership Award’ at NDTV Profit’s Business Leadership Awards 2011 in 2012.

CNBC Asia’s Business Leader of the Year in 2008.

CNBC TV18’s ‘Innovator of the Year award’ in 2006.

Financial leaders of the 21st Century by Euro money.