Uday Kotak entrepreneur

1. Uday Kotak :
Founder of Kotak
Mahindra bank

2. Introduction
Uday Kotak is the Vice Chairman and the Managing Director
of Kotak Mahindra Bank. He is a self made Indian Business
man with a net worth of 7.6 billion dollars. In less than two
decades he has not only made a prodigious fortune but has
also created a brand name in the banking and investment
industry. Presently, Kotak Mahindra Bank is the 3rd largest
private sector bank in India.

3. Entrepreneur Journey begins
After completing his MBA, Kotak was set to join Hindustan Unilever, an Indian subsidiary of the
multinational consumer goods company (FMCG Company). Then he decided to try his hands at
business, Uday joined his family business where he would have to deal with family members. Uday was
always very keen on finance. He was no longer interested to continue with it. While doing his MBA,
Kotak decided to start out on his own, in the early 1980s, on his father’s insistence, Kotak started his
own small financial agency at Navsari building premise from a 300 sq. ft. office space that his father
offered him and said: “Son, you do what you want. ”Uday started his finance and bill discounting
business with a seed capital borrowed from family and friends. The major part of investment comes from
his best friend Anand Mahindra. Therefore the financial agency was named Kotak Mahindra.

4. Turning point for Uday Kotak
Uday realized the vital importance of the banking industry in the flourishing market like India and
the stringent control of the government over this sector. After having established himself firmly as
a service provider in the non banking sector, he wanted to make an entry and explore the banking
sector. He observed that the sector was controlled by ineffective state owned banks and also the
helplessness of the foreign banks to open new branches because of the regulatory approvals. He
predicted that since Central Bank has barricaded foreign banks to acquire more than 5% of any
domestic banks till 2009, his bank will derive its market share at the cost of state-owned banks.
Therefore Mr. Kotak decided to make an entry into the banking sector by applying for a banking
license with the RBI and was finally granted with the same in 2003. The banking license allowed
Uday to operate at least six different businesses from a single dais. As quoted by Uday himself “A
dramatic change has taken place in India. This nation of savers has turned into a nation of
investors and spenders. That's an exploding opportunity for a banker”.

5. Achievement and Awards
•2014 – Named Ernst & Young World Entrepreneur.
•2014 – Become chairman of IL&FS.
•2015 – Sole Indian Financier to feature in Money Masters
•2016 – Most Powerful People in The Financial World.
•2017 – Ranked 8th in India’s 50 most powerful people.
•2017 – Businessman of the year by Economic Times.
•2018 – Named “Best CEOs in the World”
•2018 – E&Y World Entrepreneur
•2019 – CNBC Innovator of the Year
•2019 – One of the most highly paid CEO among the Indian banks.

6. THANK YOU