Uday Kotak is an Indian banker and the man behind Kotak Mahindra Bank. Kotak was interested in establishing his presence in car finance and life insurance in the early 1980’s. His journey starts with borrowing less than $80,000 from his friends and family.
He used the money to build Kotak Capital Management Finance Ltd. which later turned into Kotak Mahindra Finance Ltd. Let us begin with the inspiring journey of Uday Kotak in building Kotak Mahindra Bank. We will also discuss Uday Kotak’s net worth and financial achievements.
Who Is Uday Kotak?
Uday Kotak was born on 15 March 1959 in Mumbai, India. He completed his graduation from Sydenham College. Later, he completed his MBA from JBIMS, Mumbai. Brown and brought up in Mumbai, and he was always a business-minded individual.
His parents belonged to a Gujarati Hindu Lohana family who ran a business of cotton trading. Thus, he had been exposed to business since his childhood. He started the bank with his father and three employees. They worked in 300 square feet office in Fort, Mumbai. It started growing bigger with around 1,780 branches today.
Uday Kotak Net Worth And Income
Uday Kotak has a net worth of $13.3 Billion. He runs Kotak Mahindra Bank as a non-executive director. He invested in companies like Dr Lal PathLabs, Ofbusiness, and Cult. fit. Apart from that, he has been appointed as non-executive chairman of ILFS India by GoI, President of the Confederation of Indian Industry. And Member of Advisory Committees of SEBI, Board of Governors of NISM. Uday likes playing cricket and sitar in his free time. Apart from that, ThePrint is his other big investment. It is a news portal that keeps updated about every news.
Uday Kotak launched other related businesses such as Kotak Alternate Asset Managers (KAAM) and Kotak 811. He achieved another milestone such as EY Ernst & Young World Entrepreneurs of 2014.
Uday was ranked 138th among the global billionaires and the 15th richest Indian of 2023. Uday Kotak focuses more on his businesses. It leads him to turn Rs. 10,000 to Rs. 300 crores in 38 years. The bank is 3rd largest private bank as of 2022.
Where To Follow Uday Kotak?
- X(Twitter): @udaykotak (1.1 million followers)
Uday Kotak is not very active on other social media handles. However, he keeps updating the necessary details through his X account. Stay tuned for more information.