Uday Kotak
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 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.
The bank is now run by a former Citibanker. Kotak's son, Jay Kotak, a Harvard Business School grad, is vice president and co-head of the Kotak811 digital bank.
The bank sold a 70% stake in its general insurance arm to Zurich Insurance for $640 million in June 2024. The joint venture is now called Zurich Kotak General Insurance.
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
troy ounces of gold
median U.S. household
median U.S. income
U.S. credit card volume
GDP of the United States
United States debt
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Annual ranking
Did you know?
In 2018, Kotak was appointed by the government as non-executive chairman of the debt-strapped Infrastructure Leasing & Financial Services until 2022.
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Financial assets
BSE INDIA | 500247-IN
Kotak Mahindra Bank Ltd.Images © Forbes.com. All rights reserved.