his B.com degree from Sydenham College of Commerce and Economics. Life as a Cricketer ● Since his childhood, he was passionate about cricket and also passionate about mathematics. ● Uday has held the cricket teams’ captainship in school and college. Kotak played the Kanga League in Mumbai. ● He wanted to build his career as a cricketer. Uday was a good cricketer—a left-hand spinner and a right-hand batsman.
● In September 1979, the ball hit his head
when he was running between the wickets at the Kanga League held in Azad Maidan, Mumbai, and immediate surgery to stop the brain hemorrhage and left him bed-ridden for few months ● The incident not only cost him a year but also marked the end of his cricket dreams. Personal Life of uaday kotak ● He married with pallavi kotak in 1985.
● They have two children’s.
( Jai kotak and dhawal kotak) Entrepreneur Journey begins ● 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. ● After getting huge success, Uday decided to establish something big. At the age of 23, Uday initiated Kotak Capital Management Finance Ltd, a financial consultancy, which later became Kotak Mahindra Finance Ltd. Career of Uday Kotak ● Over the next few years, Kotak diversified his financial consultancy business into various areas of financial services, establishing a prominent presence in investment banking, bills discounting, stockbroking, mutual funds, life insurance, and car finance. Uday Kotak: eminent as a self-made billionaire banker. ● On 22 March 2003, Kotak Mahindra Finance Ltd received a banking license from Reserve Bank of India. ● In India’s corporate history, this is the first non-banking finance company in India who received a banking license and transform into a bank from a non-banking finance company. ● Kotak collected ₹ 30 lakh to start an NBFC in 1980 for bill discounting. His investment in Hutchison Essar of ₹ 2 crore investment in 1998 fetched him ₹ 1,019 crores in 2006. Kotak Mahindra Bank – a story of evolution.
● In 2014, Kotak converted a bill-discounting
business into a financial services conglomerate and become the 2nd largest scheduled commercial bank in India by market capitalization with more than 1270 branches. ● In 2015, Kotak Mahindra Bank had partnered with the telco-giant Airtel and ventured into general insurance to start a small payments bank. 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.