Uday Kotak

Institute of Diploma Studies Under Nirma UniversityInformation Technology Department

Produce by : 12DIT013

Date Of Birth: 15th March,1959.

He was born in Mumbai, India.

He was born in upper middle class family.

He did his schooling from Hindi Vidya Bhavan,

Mumbai.

When Uday was in school he discovered two

talents in him:

1. Cricket – He is big fan of cricket.

2. Math's.

He obtained his Bachelor's Degree from Sydenham College and completed his post graduation in management studies in 1982 from Jamnalal Bajaj Institute of Management Studies.

He married with Pallavi Kotak in 1985.

They have two children's.

Uday Kotak made an entry into the finance business soon after his graduation. He found that banks gave depositors 6% interest on

their investments but charged an interest of 16.5% from borrowers. Nelco, a subsidiary of Tata needed working capital and Uday

took advantage of this opportunity. He formed a small trade-finance business by convincing his family and friends to lend money to Nelco at 12% interest rate and provided short-term trade credit to Nelco at a rate lower than the bank's lending rate.

It was then in 1986, Uday established his company Kotak Mahindra with an initial investment of Rs 30 lakhs and took 50% stake in the business.

A huge capital was invested in his business by Anand Mahindra and hence Uday named his finance company as Kotak Mahindra.

1986 - The Kotak Mahindra Finance Ltd started with its bill discounting activity.

1991 - He took over FICOM, which is one of India's largest retail marketing networks.

1998 - He entered the mutual fund market with the launch of Kotak Mahindra Asset Management Company.

2003 - He converted Kotak Mahindra Finance Ltd into a commercial bank which became the first Indian company to do so.

2006 - He bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company and Kotak Securities.

2008 - He launched a Pension Fund under the New Pension System.

2010 – He made the Ahmadabad Derivatives and Commodities Exchange which was a Kotak anchored enterprise, operational as a national commodity exchange.

Uday was awarded with “Most Valuable CEO” overall, 2010 by Business world.

He was awarded as “Asian Asset Manager of the year” in 2009.

He was a bestowed with “Innovator of the Year Award” by CNBC TV18 IN 2006.

September 1979, he was playing cricket in the Kanga League……

The doctor told his parents that he had a brain hemorrhage and that there was no hope. Nevertheless, they operated instantly.

“A dramatic change has taken place in India. This nation of savers has turned into a nation of investors and spenders. That's an exploding opportunity for a banker”.