Uday Kotak

About Uday Kotak

Birth Day: March 15, 1959
Birth Place: Mumbai, India, India
Residence: Mumbai, Maharashtra State, India
Alma mater: Sydenham College of Commerce and Economics Jamnalal Bajaj Institute of Management Studies
Occupation: Founder and chairman of Kotak Mahindra Bank
Spouse(s): Pallavi Kotak
Children: 2

Uday Kotak

Uday Kotak was born on March 15, 1959 in Mumbai, India, India. Spurning his family's trading business, Uday Kotak started a finance firm in 1985 then went on convert it into a bank 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 March 2017, Kotak launched 811, a digital banking app offering zero-balance accounts with the aim of doubling the bank's customers to 16 million. Kotak has been cashing out his stake in Kotak Mahindra Bank in small tranches to comply with a central bank order to reduce it to 15% by 2020.
Uday Kotak is a member of Finance

Does Uday Kotak Dead or Alive?

As per our current Database, Uday Kotak is still alive (as per Wikipedia, Last update: May 10, 2020).

🎂 Uday Kotak - Age, Bio, Faces and Birthday

Currently, Uday Kotak is 61 years, 10 months and 2 days old. Uday Kotak will celebrate 62rd birthday on a Monday 15th of March 2021. Below we countdown to Uday Kotak upcoming birthday.

Days
Hours
Minutes
Seconds
Popular As Uday Kotak
Occupation Finance
Age 61 years old
Zodiac Sign Aries
Born March 15, 1959 (Mumbai, India, India)
Birthday March 15
Town/City Mumbai, India, India
Nationality India

🌙 Zodiac

Uday Kotak’s zodiac sign is Aries. According to astrologers, the presence of Aries always marks the beginning of something energetic and turbulent. They are continuously looking for dynamic, speed and competition, always being the first in everything - from work to social gatherings. Thanks to its ruling planet Mars and the fact it belongs to the element of Fire (just like Leo and Sagittarius), Aries is one of the most active zodiac signs. It is in their nature to take action, sometimes before they think about it well.

🌙 Chinese Zodiac Signs

Uday Kotak was born in the Year of the Pig. Those born under the Chinese Zodiac sign of the Pig are extremely nice, good-mannered and tasteful. They’re perfectionists who enjoy finer things but are not perceived as snobs. They enjoy helping others and are good companions until someone close crosses them, then look out! They’re intelligent, always seeking more knowledge, and exclusive. Compatible with Rabbit or Goat.

Famous Quotes:

Things change so fast, you can't afford to be complacent.

Biography/Timeline

1982

His talent in mathematics influenced his choice of career. He earned a bachelor's degree from Sydenham College and completed a postgraduate degree in management studies in 1982 from Jamnalal Bajaj Institute of Management Studies.

2003

In early 1980s, while India was still a closed economy and economic growth was muted, Kotak decided to start out on his own, refusing a lucrative job option from a multinational. 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. On 22 March 2003, Kotak Mahindra Finance Ltd. became the first company in India’s corporate history to receive a banking license from Reserve Bank of India.

2014

During 2014, Kotak almost doubled his wealth as shares of his Kotak Mahindra Bank hit an all-time high after he sealed a $2.4 billion deal in November 2014 for rival ING Vysya Bank, partly owned by Dutch financial services group ING.

2015

In 2015, Kotak enters the general insurance Business and is partnering Telecom magnate Sunil Mittal's Bharti Airtel to start a small payments bank.

2016

Kotak has reduced his stake in the Kotak Mahindra Bank to 40% as he is required to bring down his holding to 30% by 2016.

2018

Forbes estimated his wealth to be $10.6 billion in 2018. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in two subsidiaries for $72 million.

Uday Kotak trend