The stars of India’s financial markets
Uday Kotak: a visionary leader
Stars of the future
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"We understand the lie of the land better than any global player. We are India"
Uday Kotak, Kotak Mahindra |
UDAY KOTAK IS a rich man. His fortune is $2.2 billion, according to Forbes, making him one of the world’s wealthiest Indians.
Kotak has accumulated this wealth not in the sexy and fast-growing areas of technology and telecoms but in the staid and tightly controlled field of Indian banking. His firm, Kotak Mahindra, in which he and other promoters hold a 55% stake, is one of the country’s leading private-sector financial institutions.
Founded in 1985 and originally called Kotak Capital Management Finance, the firm started life as a trade finance boutique. It had just two employees.
More than 20 years later, Kotak Mahindra is involved in every aspect of Indian...
