by Major Events Of Uday Kotak’s Life
- 1959: Uday Kotak was born on March 15 in Mumbai, India.
- 1981: After completing his bachelor’s degree in Commerce from the University of Mumbai, Uday Kotak joined Kotak Capital Management Finance Limited, a non-banking financial institution founded by his family.
- 1985: Kotak Capital Management Finance Limited was converted into a bank, known as Kotak Mahindra Bank, with Uday Kotak as its founder and managing director.
- 1990: Kotak Mahindra Finance Limited was incorporated as a subsidiary of Kotak Mahindra Bank to offer a range of financial services.
- 1991: Kotak Mahindra Finance Limited launched India’s first mutual fund, known as Kotak Mahindra Asset Management Company.
- 1998: Kotak Securities Limited was incorporated as a subsidiary of Kotak Mahindra Bank to offer broking and distribution services.
- 2003: Uday Kotak founded Kotak Mahindra Bank as a full-fledged private sector bank, which offered a range of financial services to customers. The bank was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
- 2005: Kotak Mahindra Bank acquired a 14.5% stake in ING Vysya Bank, which was later merged with Kotak Mahindra Bank in 2015.
- 2010: Kotak Mahindra Bank acquired the domestic asset management business of Goldman Sachs.
- 2014: Kotak Mahindra Bank acquired the business banking portfolio of Barclays Bank in India.
- 2016: Kotak Mahindra Bank acquired the business banking portfolio of BSS Microfinance Private Limited.
- 2018: Uday Kotak was appointed as the Non-Executive Chairman of the board of the Reserve Bank of India (RBI), the central bank of India.
- 2019: Uday Kotak was ranked as the eighth-richest person in India by Forbes, with a net worth of $10.7 billion.
- 2020: Kotak Mahindra Bank became the second-largest private sector bank in India in terms of market capitalization.
Uday Kotak has been recognized for his contributions to the Indian banking and financial services industry, including his advocacy for financial inclusion and his philanthropic efforts. He continues to lead Kotak Mahindra Bank and remains a prominent figure in the Indian business landscape.
Uday Kotak is an Indian entrepreneur and banker who is widely known for founding and leading Kotak Mahindra Bank, one of India’s leading private-sector banks.
