Uday Kotak Net Worth

Uday Kotak, born in Mumbai, India on March 15, 1959, started his own finance firm in 1985 and converted it into a bank in 2003. His bank has since become one of the top four private sector banks in India, and he has recently launched a digital banking app, 811, to double the bank's customers. He is currently in the process of reducing his stake in the bank to 15% by 2020.
Uday Kotak is a member of Finance

Age, Biography and Wiki

Birth Day March 15, 1959
Birth Place Mumbai, India, India
Uday Kotak age 64 YEARS OLD
Birth Sign Aries
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

💰 Net worth: $12.9 Billion (2024)

Uday Kotak, a prominent figure in the Indian finance industry, is widely recognized for his significant net worth which is estimated to reach an impressive $12.9 billion in 2024. Renowned for his expertise and contributions to the financial sector, Kotak's success is a result of his astute business acumen and entrepreneurial spirit. As the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank, he has played a pivotal role in transforming the institution into one of India's leading banks. With his remarkable achievements and wealth, Uday Kotak continues to have a profound impact on India's financial landscape.

2009 $1.2 Billion
2010 $3 Billion
2011 $3.2 Billion
2012 $4.1 Billion
2013 $4.4 Billion
2014 $3.8 Billion
2015 $7.2 Billion
2016 $6.3 Billion
2017 $8 Billion
2018 $11.01 Billion

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.