{"id":"uday-kotak","type":"person","url":"https://diginpl.com/people/uday-kotak","language":"en","name":"Uday Kotak","name_en":"Uday Kotak","name_ne":null,"description":"Executive Vice Chairman and Managing Director of Kotak Mahindra Bank","headline":"Executive Vice Chairman and Managing Director of Kotak Mahindra Bank","also_known_as":[],"summary":"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.","summary_more":["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."],"facts":[{"key":"born","label":"Born","values":[{"text":"15 March 1959","date":"1959-03-15"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q7876966#P569"}},{"key":"birthplace","label":"Place of birth","values":[{"text":"Mumbai","wikidata":"https://www.wikidata.org/wiki/Q1156"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q7876966#P19"}},{"key":"citizenship","label":"Citizenship","values":[{"text":"India","wikidata":"https://www.wikidata.org/wiki/Q668"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q7876966#P27"}},{"key":"occupation","label":"Occupation","values":[{"text":"entrepreneur","wikidata":"https://www.wikidata.org/wiki/Q131524"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q7876966#P106"}},{"key":"education","label":"Education","values":[{"text":"Jamnalal Bajaj Institute of Management Studies","wikidata":"https://www.wikidata.org/wiki/Q6148070"},{"text":"Sydenham College","wikidata":"https://www.wikidata.org/wiki/Q7659771"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q7876966#P69"}},{"key":"x","label":"X (Twitter)","values":[{"text":"udaykotak","url":"https://x.com/udaykotak"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q7876966#P2002"}}],"office":null,"sections":[],"cited":[],"cited_from":null,"videos":[],"last_reviewed":null,"organizations":[],"same_as":["https://en.wikipedia.org/wiki/Uday_Kotak","https://www.wikidata.org/wiki/Q7876966","https://x.com/udaykotak"],"faq":[{"q":"When was Uday Kotak born?","a":"Uday Kotak was born on 15 March 1959 in Mumbai."},{"q":"Where did Uday Kotak study?","a":"Uday Kotak was educated at Jamnalal Bajaj Institute of Management Studies, Sydenham College."}],"related":[{"name":"Anand Mahindra","url":"https://diginpl.com/people/anand-mahindra"},{"name":"B. R. Shetty","url":"https://diginpl.com/people/b-r-shetty"},{"name":"Bhavin Turakhia","url":"https://diginpl.com/people/bhavin-turakhia"},{"name":"Isha Ambani","url":"https://diginpl.com/people/isha-ambani"},{"name":"Jupally Rameswar Rao","url":"https://diginpl.com/people/jupally-rameswar-rao"},{"name":"Kailash Chandra Mahindra","url":"https://diginpl.com/people/kailash-chandra-mahindra"},{"name":"Kumar Mangalam Birla","url":"https://diginpl.com/people/kumar-mangalam-birla"},{"name":"Pankaj M Munjal","url":"https://diginpl.com/people/pankaj-m-munjal"},{"name":"Ram Shriram","url":"https://diginpl.com/people/ram-shriram"},{"name":"Romesh Wadhwani","url":"https://diginpl.com/people/romesh-wadhwani"},{"name":"Sri Prakash Lohia","url":"https://diginpl.com/people/sri-prakash-lohia"},{"name":"Sunil Vaswani","url":"https://diginpl.com/people/sunil-vaswani"}],"places_in":[],"nearby":[],"image":{"url":"https://diginpl.com/kb-img/uday-kotak-853287c0ab.jpg","width":500,"height":610,"license":"GODL-India","credit":"Ministry of Finance of India","page":"https://commons.wikimedia.org/wiki/File:Uday_Kotak.jpeg"},"sources":[{"label":"Wikipedia (English): Uday Kotak","url":"https://en.wikipedia.org/wiki/Uday_Kotak","license":"https://creativecommons.org/licenses/by-sa/4.0/"},{"label":"Wikidata item Q7876966","url":"https://www.wikidata.org/wiki/Q7876966","license":"https://creativecommons.org/publicdomain/zero/1.0/"},{"label":"Image: Uday Kotak.jpeg by Ministry of Finance of India (GODL-India)","url":"https://commons.wikimedia.org/wiki/File:Uday_Kotak.jpeg","license":null}],"license":{"text":"CC BY-SA 4.0","url":"https://creativecommons.org/licenses/by-sa/4.0/","facts":"https://creativecommons.org/publicdomain/zero/1.0/"},"attribution":"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.","cite":"\"Uday Kotak\". DigiNepal. Last updated 31 October 2026. https://diginpl.com/people/uday-kotak. Retrieved 6 November 2026.","date_modified":"2026-10-31T11:28:20Z","facts_checked":"2026-11-06","alternates":{"html":"https://diginpl.com/people/uday-kotak","en":"https://diginpl.com/people/uday-kotak","ne":"https://diginpl.com/people/uday-kotak?lang=ne"}}