Management Co. Ltd. Kotak Securities Ltd.
- Institutional Equities KMCC - Investment Banking KIAL - Private Equity KIAL - Realty Fund KMPL - Car loans KMIL - LAS, CRE & Corporate loans Kotak General Insurance
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Get acquainted with the Board of Directors at the Kotak Mahindra Group and meet some of the most knowledgeable and recognised names in the financial world.
As a young 26-year old entrepreneur in 1985, Uday Kotak started Kotak Capital Management Finance Ltd. (which later became Kotak Mahindra Finance Ltd). The vision was to eventually become a banking company. Private Indian banks were not even a speck on the horizon at that time. On 22nd March 2003, Kotak Mahindra Finance Ltd. became the first non-banking financial company (NBFC) in India's corporate history to be converted into a bank.
Kotak Mahindra Bank Ltd. (KMBL) is regarded as one of the most efficient and high performing banks in India, built on the principles of simplicity and prudence. Uday remains unfazed by market euphoria and his 'basics of banking' approach has ensured that the loan book is of high quality and the bank is well-capitalised. In a journey spanning nearly three decades, Uday has not only helped the company grow to this scale but also earn respect.
Today, Kotak Mahindra Group, a first generation enterprise, with networth of Rs. 33,361 crore (approx. US$ 5 billion), has a global presence, employs over 46,500 people and is recognised as one of the topmost employers in India. The group has the distinction of providing a 40% CAGR to its shareholders over a 30 year period. The core of the business model is 'concentrated India, diversified financial services'.
Uday has a strong focus on community development and inclusive growth which is reflected by the Group's initiatives to provide low cost services to rural customers and its welfare programmes. Uday feels strongly that education is key to the alleviation of the social malaise afflicting India's under-privileged. In a bid to address this issue, he has established the Kotak Education Foundation that focuses on the educational needs of underprivileged children.
Uday holds a Bachelor's degree in Commerce and an MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai.
Dipak Gupta, Joint Managing Director, Kotak Mahindra Bank has been with Kotak Mahindra Group since 1992. He was appointed as Executive Director of Kotak Mahindra Finance Limited (now Kotak Mahindra Bank Limited) on 1st October 1999.
Effective May 2016, Dipak heads the Group Treasury, Wealth Management and Asset Reconstruction business of the Bank, and has oversight over the Alternative Investments business of Kotak Mahindra Group.
Dipak is part of the Bank's Management Committee (MANCOM) and Bank's Operating Management Committee (OMANCOM) that drives and oversees the Kotak Group's growth charter.
With over 30 years' experience, he has played a key role in building various businesses for Kotak Mahindra Group. Dipak was instrumental in the collaboration of Kotak Mahindra with Ford Credit International to form Kotak Mahindra Primus Limited (KMPL), of which he was the first CEO. He was also responsible for setting up the retail businesses post the conversion of KMFL into a Bank.
Prior to joining Kotak, Dipak had worked in the consultancy division of A.F. Fergusson.
Dipak is a graduate in Electronics Engineering from IIT, Varanasi and a postgraduate in Management from the Indian Institute of Management, Ahmedabad (IIMA).