Uday Kotak was born on 15 March 1959 in an upper-middle-class Gujarati Lohana joint-

family of 60 people in Mumbai. His father had come back to India from Karachi after
Partition. They into the trading business of cotton and other agricultural commodities.
He did his schooling in Hindi Vidya Bhavan and graduated in B.com from Sydenham
College of Commerce and Economics.
He did his post-graduation MBA from the Jamnalal Bajaj Institute of Management Studies.

Since childhood, He was passionate about only two things, cricket, and mathematics. He has
played the Kanga League in Mumbai.
He wanted to be a cricketer. Uday was an excellent cricketer—a left-hand spinner and a right-
hand batsman.
 In September 1979, he had an accident while playing cricket at the Kanga League held in
Azad Maidan, Mumbai. He had to undergo Immediate surgery to stop the brain hemorrhage
that left him bed-ridden for a few months.

This incident not only cost him a year but also led to the end of his cricket dreams. He also
missed a year at the Jamnalal Bajaj Institute of Management.

While doing his MBA at JBIMS, Mumbai, HE decided to start independently and collected ₹
30 lakh to start an NBFC in 1980 for bill discounting. His investment in Hutchison Essar of ₹
two crores in 1998 got him ₹ 1,019 crores in 2006. Uday started his small financial agency
from a 300 sq. ft. office space. He started his finance and bill discounting business with the
capital borrowed from his friends and family. The central part of investment comes from his
best friend, Anand Mahindra. The agency was named Kotak Mahindra.
Uday provided financial support to business organizations, including Nelco( a Tata subsidiary
), and charged lower interest rates to business organizations than banks.
 After gaining some experience and success, Uday decided to establish something big. At 23,
Uday started Kotak Capital Management Finance Ltd, a financial consultancy, which later
was named Kotak Mahindra Finance Ltd.
Over the next couple of years, Kotak broadened his financial consultancy business into
multiple areas of financial services, building a prominent presence in investment banking, life
insurance, car finance bill discounting, stockbroking, and mutual funds.
Uday Kotak's firm belief that trust is the key for any financial services collaborated with the
Mahindra Group and brought in the new name 'Kotak Mahindra'.
 
 On 22nd march 2003, Kotak Mahindra Finance Ltd received a banking license from the RBI.
This was the first non-banking finance company in India's corporate history that received a
banking license and transformed into a bank from a non-banking finance company. 
Since then, Kotak Mahindra Bank has evolved to provide financial assistance such as asset
reconstruction, commercial banking, mutual funds, investment banking, insurance, etc. 
In 1990, Kotak Mahindra launched its auto finance division for financing passenger cars. 
In 1991, the investment banking division was established.

( add from 1991 to 2014 journey)

Kotak Mahindra acquired a 25% stake in two subsidiaries for $72 million in 2006 and ended
its partnership with Goldman Sachs.
 
In 2014, Kotak converted a bill-discounting business into a financial services conglomerate
and became India's 2nd largest scheduled commercial Bank by market capitalization with
more than 1270 branches.
 
In 2015, Kotak Mahindra Bank ventured into general insurance to start a small payments
bank by partnering with Airtel, and Upon receiving approval from the RBI, Kotak Mahindra
Bank Ltd. (KMBL) announced its plan to foray into the General Insurance business. 

In 2015, RBI also approved the merger of ING Vysya Bank with Kotak Mahindra Bank
effective 1st April 2015.
Kotak Mahindra Bank Ltd acquired 10,00,000 equity shares of institutional investor Advisory
Services India Ltd. at Rs. 10/- each, aggregating to Rs. 1 crore, 9.99% of the company's paid-
up capital.

 Kotak Mahindra Bank Ltd on 23 February 2016, it has signed a Share Subscription and
Shareholders Agreement with Airtel M Commerce Services Ltd. Co. (AMSL) and Bharti
Airtel Ltd. Acquired equity shares at Rs. 10/- each of quantity of 9,83,82,022, aggregating to
Rs. 98.38 crore is 19.90% of the paid-up capital of AMSL.

They have revamped their Net Banking services, making it easier than
ever for customers to access their finances from the
safety and comfort of their homes. A new cash
Kotak Mahindra launched a management portal with advanced features,
providing an enhanced customer experience. they continue
to invest in a dedicated portal for delivering a seamless and
unified transaction banking experience to MSMEs, financial
groups, large corporates, and MNCs.

Further, the life and general insurance businesses brought

in robotic process automation to digitize the policy
issuance, increase operational efficiency, and refine the claim
settlement processes. Also, the Bank's customers
can now buy insurance via the Bank's mobile app and
internet banking channels.
 As economic conditions improve, Kotak Mahindra has launched innovative new investment
products with Kotak Securities launching a Global Investing facility that allows customers
access to the US markets, free intraday trading, and a direct mutual fund platform.
Kotak Mutual Fund was launching an ESG-focused fund that lets
customers invest in ESG-compliant companies. Kotak Securities also enhanced its online
modes for transactions and communications.
These were in the form of introducing a new mobile app,
enhanced trading platforms, easily opening trading accounts
, and attractive pricing.