# Uday Kotak

_Executive Vice Chairman and Managing Director of Kotak Mahindra Bank_

Canonical: https://diginpl.com/people/uday-kotak
Last updated: 2026-10-31

> 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:** 15 March 1959 ([Wikidata](https://www.wikidata.org/wiki/Q7876966#P569))
- **Place of birth:** Mumbai ([Wikidata](https://www.wikidata.org/wiki/Q7876966#P19))
- **Citizenship:** India ([Wikidata](https://www.wikidata.org/wiki/Q7876966#P27))
- **Occupation:** entrepreneur ([Wikidata](https://www.wikidata.org/wiki/Q7876966#P106))
- **Education:** Jamnalal Bajaj Institute of Management Studies; Sydenham College ([Wikidata](https://www.wikidata.org/wiki/Q7876966#P69))
- **X (Twitter):** udaykotak ([Wikidata](https://www.wikidata.org/wiki/Q7876966#P2002))

## 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.

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## Sources

- [Wikipedia (English): Uday Kotak](https://en.wikipedia.org/wiki/Uday_Kotak) — [CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/)
- [Wikidata item Q7876966](https://www.wikidata.org/wiki/Q7876966) — [CC0 1.0](https://creativecommons.org/publicdomain/zero/1.0/)
- [Image: Uday Kotak.jpeg by Ministry of Finance of India (GODL-India)](https://commons.wikimedia.org/wiki/File:Uday_Kotak.jpeg)

## Licence and 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 this page

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