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BANKING

Uday Kotak: Finance is the catalyst

As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May Asia focus..

Kotak Mahindra is a story of evolution. It started out in 1985 as a leasing and broking business, becoming an investment bank in the 2000s and eventually what they call internally ‘bank plus’, a full-service institution.

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Uday Kotak

“We saw a very significant opportunity as India’s economy evolved over the last 30 years, and there was a deep belief that the financial sector in India would go through its own evolution and that there was space for private-sector financial intermediation,” says Uday Kotak, founder and chief executive, looking back to when he set up the institution in the 1980s.