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Uday Kotak
Ministry of Finance of India · GODL-India
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Uday Kotak

Executive Vice Chairman and Managing Director of Kotak Mahindra Bank

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Uday Suresh Kotak (born 15 March 1959) is an Indian banker and founder of Kotak Mahindra Bank, where he is a non-executive director. He resigned from his CEO position in September 2023. His son, Jay Kotak, is the co-head of the bank's digital banking app, 811.

Quick facts

Born
wd
Place of birth
Mumbai wd
Citizenship
India wd
Occupation
entrepreneur wd
Education
Jamnalal Bajaj Institute of Management Studies, Sydenham College wd
Social media
X (Twitter) wd

About

In the early 1980s, while India was still a closed economy with slow economic growth, Kotak decided to start on his own, turning down a lucrative job offer from a multinational corporation. 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.

In March 2003, Kotak Mahindra Finance Ltd. became the first company to receive a banking license from Reserve Bank of India. In 2006, he and Goldman Sachs ended their 14-year partnership when Goldman Sachs sold their 25% stake in two subsidiaries for $72 million to Kotak. Bloomberg Billionaires Index estimated his wealth to be US$14.8 billion as of April 2021.

In October 2024, Kotak was ranked 18th on the Forbes list of India's 100 richest tycoons, with a net worth of $14.1 billion.

As per Forbes list of The Richest People In The World, dated 8 March 2024 Uday Kotak ranked #148 with a net worth of $13.3 billion.

Questions

When was Uday Kotak born?
Uday Kotak was born on 15 March 1959 in Mumbai.
Where did Uday Kotak study?
Uday Kotak was educated at Jamnalal Bajaj Institute of Management Studies, Sydenham College.

Sources

  1. Wikipedia (English): Uday Kotak · CC BY-SA 4.0
  2. Wikidata item Q7876966 · CC0 1.0
  3. Image: Uday Kotak.jpeg by Ministry of Finance of India (GODL-India)

Last updated · facts checked 6 November 2026

Cite this page

"Uday Kotak". DigiNepal. Last updated 31 October 2026. https://diginpl.com/people/uday-kotak. Retrieved 6 November 2026.

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Text from the Wikipedia article Uday Kotak, licensed under CC BY-SA 4.0. This page's text is shared under the same licence. Facts from Wikidata (CC0). Image: Uday Kotak.jpeg — Ministry of Finance of India, GODL-India.

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