Uday Kotak
$13.81B
as of 07/05/24
About Uday Kotak
Spurning his family's trading business, Uday Kotak started a finance firm in 1985 then went on to convert it into a bank in 2003.
His Kotak Mahindra Bank is now among India's top four banks in the private sector, boosted by its 2014 acquisition of ING Bank's Indian operations.
In 2020, Kotak sold some shares to reduce his stake in the bank as mandated by the Reserve Bank of India.
In September 2023, Kotak stepped down as CEO and managing director of the bank, four months ahead of his retirement. He's now a non-executive director on the board.
His son, Jay Kotak, a Harvard Business School grad, is vice president and co-head of the Kotak811 digital bank.
Personal stats
Citizenship
IndiaSource of wealth
BankingResidence
Mumbai, IndiaMarital status
MarriedBirth date
03/15/59 (age 65)Number of children
2Education
Bachelor of Arts/Science, University of Mumbai; Master of Business Administration, University of MumbaiSelf-made
self-madeUday Kotak’s fortune is worth
230K
troy ounces of gold
212K
median U.S. household
138K
median U.S. income
0.276%
U.S. credit card volume
0.055%
GDP of the United States
0.041%
United States debt
Net worth history
Annual ranking
Did you know?
Kotak was initially backed by tractor tycoon Anand Mahindra, who still holds a small stake in the bank.
Net worth over time
Real-time ranking
Financial assets
BSE INDIA | 500247-IN
Kotak Mahindra Bank Ltd.Images © Forbes.com. All rights reserved.