Managing Director & CEO, Kotak Mahindra Bank
Uday Kotak is the Founder and MD & CEO of Kotak Mahindra Bank Ltd. (Kotak). The consolidated net worth of Kotak is over Rs 74,000 crore and Kotak Mahindra Group (Group) has over 71,000 employees. Uday believes that the true measure of performance is sustainable value creation. Investors who kept faith with the enterprise over the past 34 years have seen 40% CAGR on their investments.
The Group's vision for equitable prosperity extends beyond financial services. The Kotak Education Foundation works with some of India's most economically underprivileged communities, attempting to alleviate poverty through education and livelihood programmes.
Uday has served as Chairman of the SEBI constituted Corporate Governance Committee. In October 2017, the Uday-led panel submitted the report on corporate governance to SEBI recommending sweeping changes to create a more robust and transparent governance environment. In October 2018, Government of India appointed Uday as the non-executive chairman of the new IL&FS board with a mandate to steer one of India's largest NBFCs - IL&FS, out of the crisis that it is caught up in, which Uday has taken up as national duty. Uday is a member of the International Advisory Panel of Monetary Authority of Singapore, the International Advisory Board of the Government of Singapore Investment Corporation (GIC) and President of the Confederation of Indian Industry (CII).
Uday is recipient of the 'Ernst & Young World Entrepreneur of the Year Award' in 2014, 'Economic Times Business Leader of the Year Award' in 2015, 'Businessman of the Year 2016' by Business India, 'Lifetime Achievement Awardâ€™ at Financial Express' Best Banks' Awards 2016, 'USIBC Global Leadership Award' at the 2018 India Ideas Summit organised by the U.S.-India Business Council, 'Life Time Achievement Award' at Magna Awards 2019 by Businessworld and 'Best CEO in Banking Sector' by the Business Today Best CEO Awards 2019.
Uday holds a Bachelor's degree in Commerce from Mumbai University and a Master's in Management Studies degree from Jamnalal Bajaj Institute of Management Studies, Mumbai.