Indian billionaire banker Uday Kotak, who was born on March 15, 1959, serves as the managing director and executive vice chairman of Kotak Mahindra Bank. When India’s economy was still closed and experiencing slow growth in the early 1980s, Kotak chose to go it alone rather than accept a lucrative offer from a multinational.
He expanded his company into different financial services over the course of the following few years, becoming well-known in bill discounting, stockbroking, investment banking, auto financing, life insurance, and mutual funds. The Reserve Bank of India granted Kotak Mahindra Finance Ltd. a banking licence on March 22, 2003, making it the first corporation in India’s corporate history to do so.
Uday Kotak Bio/Wiki
| Birth Name | Uday Suresh Kotak |
| Nick Name | Uday Kotak |
| Age | 64 years (as in 2023) |
| Religion | Hindu |
| Sun Sign/Zodiac Sign | Aries |
| Birth Place | Mumbai, India, |
| Date of Birth | 15 March 1959 |
| Nationality | Indian |
| Hobbies | Playing Golf |
Family |
|
| Mother's Name |  |
| Father's Name |  |
| Brother | None |
| Sister |  |
Girlfriends/Affairs |
|
| Affairs/Girlfriends | NA |
Marital Status, Wife and Children |
|
| Wife/Spouse |  |
| Children |  and 1 Daughter |
Education |
|
| School | Jamnalal Bajaj Institute of Management Studies |
| College/University | University of Mumbai |
| Profession | CEO of Kotak Mahindra Bank |
Height, Weight, and Figure Measurements |
|
| Height (Approx.) | 175 cm (as in 2022) |
| Weight (Approx.) | 80 kgs (as in 2022) |
Extra Ordinary Features |
|
| Race / Ethnicity | Indian |
| Hair Color | Grey |
| Eye Color | Black |
| S*xual Orientation | Straight |
Favourite Things |
|
| Favourite Food | North Indian Cuisine |
| Favourite Book | NA |
| Favourite Colors | Light Blue |
| Favourite Sport | Golf |
| Controversies | None |
Anand Piramal Bio, Age, Wife, House, Business, Net Worth
Early Life
With 60 individuals living under one roof in a Gujarati upper-middle class joint family, Kotak was reared there.
Initially, the family engaged in combination trade. “Capitalism at work and Socialism at home,” he dubbed it. Cricket and playing the sitar had been his two hobbies. He acknowledged in a 2014 interview with NDTV that he had given up on sitar playing.
Uday Kotak Education
His job decision was influenced by his aptitude in mathematics. Sydenham College awarded him a bachelor’s degree, while Jamnalal Bajaj Institute of Management Studies awarded him a master’s degree in management studies in 1982.
Also led the cricket team at his school as captain, and he participated in the Kagna League while at college. Kotak loves cricket a lot.
Uday Kotak Professional Life
Kotak founded Kotak Capital Management Finance Ltd. after earning his MBA (which later became Kotak Mahindra Finance Ltd). He transformed a bill-discounting start-up into a financial services conglomerate with assets of US$19 billion (as of March 2014), the second largest scheduled commercial bank by market capitalization in India (private and PSU), and more than 1250 branches from a seed capital of less than US$80,000 borrowed from family and friends.
Following a $2.4 billion deal he completed in November 2014 to acquire rival ING Vysya Bank, which was partially owned by Dutch financial services giant ING, Kotak almost doubled his wealth during the year as shares of his Kotak Mahindra Bank reached an all-time high.
Uday seized the chance presented by Nelco’s need for working capital as a Tata subsidiary. By persuading his relatives and friends to contribute money to Nelco at an interest rate of 12 per cent, he established a small trade-finance company. He also gave Nelco short-term trade credit at a rate lower than the bank’s lending rate.
Following the success of this endeavour, Kotak expanded into bill discounting using the same guidelines. Then, in 1986, Uday started his business Kotak Mahindra with a Rs 30 lakhs initial investment and acquired a 50% ownership stake. Anand Mahindra put a significant amount of money into Uday’s company; as a result, Uday gave his financial company the name Kotak Mahindra.
In 2015, Kotak entered the general insurance industry and teamed up with Bharti Airtel, owned by telecom billionaire Sunil Mittal, to launch a small payments bank. The Kotak Mahindra Group has expanded over the years into a number of industries, including stock broking, investment banking, auto financing, life insurance, mutual funds, etc.
In order to comply with RBI instructions, Kotak must lower its ownership of Kotak Mahindra Bank to 20% from its current 30%. With a monthly compensation of 27 lakh (US$35,000), he was reportedly one of the highest-paid CEOs of any Indian bank in August 2019. For the 2020–21 fiscal year, he became the leader of the Confederation of Indian Industry (CII).
Karishma Kotak Bio, Age, Husband, Height, Father, Net Worth & Wiki
Uday Kotak Career
Kotak Mahindra Finance Ltd. began its bill discounting business in 1986. The year 1987 saw Uday’s business enter the lease and hire buy sector. He began his career in the auto finance branch in 1990. He assumed control of FICOM, one of India’s biggest retail marketing networks, in 1991. Made a debut in the fund syndication sector in 1992.
He established a separate firm called Securities in 1995 and consolidated his brokerage and distribution companies under it. Additionally, Kotak Mahindra Capital Company created the Investment Banking branch. His auto finance operation was divided into a different company, Kotak Mahindra Prime Limited, in 1996. He invested a substantial sum in Ford Credit Kotak.
He founded Matrix Information Services Limited, which began the Group’s debut in the information distribution industry, and Mahindra Limited to finance Ford automobiles. He entered the mutual fund industry in 1998 when Kotak Mahindra Asset Management Company was established.
He partnered with Kotak Mahindra and Old Mutual plc in 2000 to conduct a life insurance business. Kotak Securities opened its online travel agency. Private equity activity has begun. To launch a private equity venture, the Kotak Mahindra Venture Capital Fund was established.
He sold Matrix to Friday Corporation in 2001 and started Insurance Services. Finance Ltd. incorporated Kotak Securities Ltd. He converted Kotak Mahindra Finance Ltd. into a commercial bank in 2003, making it the first company in India to do so. He established the India Growth Vehicle, a private equity fund, in 2004.
In 2005, he reorganised the Kotak Group’s joint venture with Ford Credit and bought out their own part in Kotak Mahindra Prime. In addition, the Ford Credit Kotak Mahindra Kotak Group’s interest was sold. Additionally, he started a real estate fund. In 2006, he acquired the 25% investment in Kotak Mahindra Capital Company and Kotak Securities that Goldman Sachs had previously owned.
He started a pension fund in 2008 as part of the new pension system. A representative office for Kotak Mahindra Bank Ltd. was established in Dubai in 2009. As an anchor investor, he entered the Ahmedabad Commodity Exchange. He turned the Kotak-anchored Ahmedabad Derivatives and Commodities Exchange into a functioning national commodity exchange in 2010.
The market value of Kotak Mahindra Firm has increased thirty times since it went public in 1992, reaching over $6 billion. The bank currently has the second highest price-to-book ratio among large international banks. Currently, Kotak owns 48% of the shares. The slogan “Think Investments Think Kotak,” has become increasingly well-known throughout the world.
Jim Walton Biography, Age, Height, Assets, Career
Uday Kotak Family
Father of Uday Kotak is businessman Sir Suresh Amritlal Kotak, also known as the “Cotton Man of India.” Indira Kotak is the name of his mother. Aarti Kotak is the sister of Uday Kotak.
In 1985, Uday Kotak married Pallavi Kotak, with whom he had two children: Jay Kotak, a son, and a daughter.
Uday Kotak Achievements
Business World named Uday its “Most Valuable CEO” for the year 2010. In 2009, he received the title of “Asian Asset Manager of the Year.” The Investor of the Year Award for 2009 was given to Kotak Realty Funds Group by GIREM. In 2006, CNBC TV18 presented him with the “Innovator of the Year Award.”
In 2003, he received Ernst & Young’s “Entrepreneur of the Year Award.” At the annual gathering of the World Economic Forum in Davos, Uday was highlighted as one of the “Global Leaders of Tomorrow.” Additionally, Euromoney Magazine listed him as one of the top financial leaders of the twenty-first century.
He is on the boards of the Indian School of Business, Mahindra United World College of India, and the Indian Council for Research on International Economic Affairs. He received the Ernst & Young World Entrepreneur Of The Year award in June 2014.
He was the only Indian financier listed in Forbes magazine’s list of “Money Masters: The Most Powerful People in The Financial World” (May 2016). On the 2017 list of India’s 50 most powerful people, India Today magazine rated him eighth.
Lei Jun Biography, Xiaomi, Wife, Education, Career
Uday Kotak Net Worth
The current managing director, CEO, member of the executive board, and director of Kotak Mahindra Bank is the Indian businessman Uday Kotak.
He founded Kotak Mahindra Bank, where he holds a 50% stake in the company. He is thought to be worth $13.7 billion overall.
| Estimated Net Worth in 2023 (Approx) | $13.7 Billion |
| Estimated Net Worth in 2022 (Approx) | $13.7 Billion |
| Estimated Net Worth in 2021 (Approx) | $12 Billion |
| Estimated Net Worth in 2020 (Approx) | $10 Billion |
| Annual Salary | $2 Billion |
Assets |
|
| Houses |  |
| Cars | NA |
| Yachts |  |
| Jets |  |
FAQs
How much is the net worth of Uday Kotak?
His current net worth (as of 2023) is $13.7 Billion.
Who is Uday Kotak wife?
He is married to Pallavi Kotak.
What is Uday Kotak age?
He is 64 years old as of 2023.
What is the name of the Uday Kotak firm?
He is the founder of Kotak Mahindra Bank.
