Uday Kotak

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  1. # * # Uday Kotak (born 15 March 1959) is an Indian businessman. He is the vice-chairman and managing director of Kotak Mahindra Bank. He owns a 50% stake in Kotak Mahindra Bank, which he founded and runs. Forbes estimated his wealth to be $3.2 billion in 2011. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in two subsidiaries for $72 million.

He is an alumnus of the Jamnalal Bajaj Institute of Management Studies, Mumbai and Sydenham College, Mumbai.In 1986, when he started his own business, he borrowed a money of 30 lakh from family and friends that he put in his company.As he told ANAND MAHINDRA , an early investor in his business,"Let's put our names to the business..All great Financial house the MORGANS,Roths are remebered by the names of their founders.In 20 yrs of starting of business uday company had a market cap of 6,700 crores INR and its third largest private sector bank in INDIA.
Hailing from a traditional upper middle Class Gujarati cotton traders family, who later diversified into commodities buisiness.
From Childhood he had passion for Maths and Cricket, he eventually became the captain of the school team and went to Play kanga league in college..He also seemed to have specail relation with figures.
He did well in school to secure a seat in Sydenham college for four Year B.com course and topped the UNIVERSITY i third and fourth......

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