journeytimelineconf

Our Story

From launching Kotak Mahindra Finance Ltd. in 1985 to becoming one of the country’s most trusted financial institutions today, it’s been quite a journey.
Here are some of the biggest milestones we've crossed along the way.

2022

2021

2020

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2015

2014

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1985

Kotak Mahindra Bank Acquires DLL India’s Agri and Healthcare Equipment Financing Portfolio

Kotak Group Launched investment super-app 'Kotak Cherry'

Kotak Mahindra Bank launches Kotak FYN

Kotak Mahindra Bank makes an equity investment in KFin Technologies

Kotak Mahindra Group acquires vehicle financing portfolio of Volkswagen Finance

Sale of 200 million equity shares (~8.57% shareholding on a fully diluted basis) of Airtel Payments Bank Limited to Bharti Enterprises Limited

Kotak Mahindra Bank invests In IBBIC Private Limited

Kotak Mahindra Bank issues India’s first FPI license to an AIF incorporated in GIFT IFSC

Kotak Mahindra Bank invests in Ferbine Private Limited

Kotak Mahindra Bank receives Approval for Collection of Direct and Indirect Taxes

Kotak Mahindra Bank raises Rs 7,400 crore through a qualified institutional placement (QIP) of shares

Kotak 811 Launches India’s first zero-contact, video KYC savings account

Kotak Mahindra Bank launches its first international branch in Dubai, UAE

Buyout of 26% Old Mutual plc UK (OM) stake in Kotak Mahindra Old Mutual Life Insurance Limited

Launch of Kotak Infrastructure Debt Fund Limited

Kotak Mahindra Bank Acquires BSS Microfinance Private Limited

Kotak Mahindra Bank Unveils Bold Organic Growth Charter with 811

Kotak Mahindra Bank Receives RBI's nod to Set-up Kotak Infrastructure Debt Fund Limited

Kotak Mahindra Bank Announces to Buy Out 26% of Old Mutual's JV Stake in Kotak Mahindra Old Mutual Life Insurance

Kotak Mahindra Bank Raises Rs. 5,800 Crore Through QIP Issuance

Acquisition of 10,00,000 equity shares of Institutional Investor Advisory Services India Ltd.

Acquisition of 9,83,82,022 (19.90%) equity shares of Airtel M Commerce Services Ltd. Co.(AMSL)

Launch of international banking unit in GIFT City, Gandhinagar, Gujarat.

Acquisition of BSS Microfinance Pvt. Ltd.

RBI approves merger of ING Vysya Bank with Kotak Mahindra Bank effective April 1, 2015.

Kotak Mahindra General Insurance receives IRDA Approval to commence insurance business.

Innovative solutions such as Jifi and KayPay launched for digital and social media.

Acquisition of 15% equity stake in Multi Commodity Exchange of India Ltd. (MCX)

Launch of pension fund under India's National Pension System (NPS)

Opening of the Bank’s representative office in Dubai.

We buy out Goldman Sachs’ equity stake in KMCC and Kotak Securities Ltd.

Realignment of joint venture with Ford Credit International

Real Estate fund launched by Kotak Alternate Assets.

Kotak Mahindra Group enters alternate assets business with the launch of a private equity fund

KMFL becomes India’s first non-banking finance company to be converted into a commercial bank.

Launch of Kotak Mahindra Old Mutual Life Insurance Ltd. in partnership with Old Mutual PLC.

India’s first gilt fund launched through Kotak Mahindra Asset Management company (KMAMC).

Launch of Kotak Mahindra Primus Ltd. (now Kotak Mahindra Prime Ltd.), a joint venture with Ford Credit.

Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra Ltd., for financing Ford vehicles.

Launch of KMCC, a joint venture with Goldman Sachs Group for investment banking.

Investment banking division established.

Launch of auto finance division for financing passenger cars.

Entry into lease and hire purchase business.

Kotak Mahindra Finance Ltd. commences bill discounting business.

Leading from the front

Our Group Management Council comprises some of the most prominent leaders in the world of finance. It is responsible for driving and overseeing Kotak Mahindra Group’s growth charter.

Uday Kotak

Managing Director & CEO, Kotak Mahindra Bank

Uday Kotak, Founder and Managing Director & CEO of Kotak Mahindra Bank has led the group in a broad range of financial services for over 35 years. Uday believes that the true measure of performance is sustainable value creation. The Group’s vision for equitable prosperity extends beyond financial services. The Group via Kotak Education Foundation works with some of India’s most economically underprivileged communities, attempting to alleviate poverty through education and livelihood programmes.

Uday KotakManaging Director and CEO

Dipak Gupta

Joint Managing Director

Dipak Gupta is a whole-time director on the board of Kotak Mahindra Bank and is designated Joint Managing Director. Dipak Gupta helms numerous functions including, Internal Audit, IT including Cyber Security and Digital Initiatives. Dipak is the chairman of the Board of Directors of Kotak Investment Advisors Limited (KIAL). Dipak has played a key role in building various businesses for Kotak Mahindra Group. He was instrumental in forging the partnership between Kotak Mahindra Finance Ltd (KMFL) and Ford Credit International. He was the first CEO of the KMFL–Ford Credit joint venture, Kotak Mahindra Primus Limited. Dipak was also responsible for setting up the retail business following the conversion of KMFL into a bank.

Dipak GuptaJoint Managing Director

Shanti Ekambaram
Whole-time Director, Kotak Mahindra Bank

Shanti Ekambaram is the Whole-time Director of Kotak Mahindra Bank. In her new avatar she heads several functions including Kotak 811, Vigilance, Public Affairs, Human Resources, Group Marketing & Corporate Communications, Treasury, and Financial Inclusion.

Prior to her new role Shanti was head Consumer Banking and build an integrated Consumer Banking Franchise across asset and liability products. Before taking over the reins of consumer banking, she set up several businesses and was the head of the bank’s corporate and investment banking business.

KVS Manian
Whole-time Director, Kotak Mahindra Bank

KVS Manian is a part of the Group Management Council and spearheads Corporate, Institutional and Investment Banking, and Private Banking. Manian has been focused on building a high quality, integrated and profitable corporate franchise for the Kotak group. Prior to his current role, Manian scripted the retail-banking narrative of Kotak. He was President of Consumer banking - steering the bank from a single branch to over 600 branches and more than 1,000. In fact he has played a pivotal role in Kotak’s journey from a Non-Banking Financial Company (“NBFC”) to a Bank.

Jaimin Bhatt
Group President & Group Chief Financial Officer

Jaimin is Group CFO of Kotak Mahindra Bank and spearheads Finance, Tax, Strategy, Legal, Secretarial, Investor Relations, Operations and Facilities management and is also part of Kotak Group Management Council. He has been the Group CFO since 2003 and prior to his CFO stint, he was heading M&As at Kotak Mahindra Capital Company. He has over 38 years of experience in the financial sector, 28 years of which have been with the Kotak Mahindra Group.

Nilesh Shah
Managing Director, Kotak Mahindra Asset Management Company

Nilesh Shah is Managing Director of Kotak AMC. Nilesh lead his team to the Best Fund House of the Year Award at all the mutual funds where he has worked viz. Kotak, ICICI Prudential and Franklin Templeton Mutual Fund. Nilesh is a part time member of the Economic Advisory Council to the Prime Minister. He is a member of the Board of Association of Mutual Funds in India and a Member of COBOSAC committee of SEBI. Nilesh is also President of India’s oldest Chamber of Commerce viz. Bombay Chamber of Commerce and Industry in the city of Mumbai.

Jaideep Hansraj
Managing Director & CEO, Kotak Securities Limited

Jaideep brings with him, a strong domain in investments and capital markets along with a proven track record of building and scaling large businesses. At Kotak Securities, he has heralded technology to keep digitisation and innovation at the core of customer experience. Under his astute leadership, Kotak Securities has improved in all critical areas of business – acquisition, volume market share across segments, active clients, loan book, profitability, etc. He joined the Kotak Mahindra Group in July 1993, and in a short span of four years, he was elevated to the position of Chief Executive of Kotak Mahindra International Ltd. (a subsidiary of Kotak Mahindra Finance Limited). In October 1999, he took over as the Head of Kotak Securities’ private client function, and in 2004, moved from Kotak Securities to build the Wealth Management portfolio in the bank. He is a part of Kotak Group Management Council.

Virat Diwanji
Group President & Head - Consumer Bank

Virat Diwanji is a part of the Bank’s Group Management Council. Over the last two and a half decades with Kotak, Virat has led over 10 diverse business lines cutting across Assets and Liabilities. He took on the mantle of managing the branch banking business in November 2007 with the primary responsibility of establishing bank branches as a point of product distribution, transaction processing and differentiated customer experience. Some of his career milestones include managing the first JV of the Group with an overseas partner, Ford Credit as its Managing Director. In the recent past, Virat has successfully managed the integration of ING Vysya Bank’s retail distribution network with the branch banking network of Kotak.

S. Sriniwasan
Managing Director,
Kotak Investment Advisors Limited

S. Sriniwasan (Srini) joined the Kotak Mahindra Group in 1993 and currently heads Kotak Investment Advisors Limited (KIAL), a wholly owned subsidiary of Kotak Mahindra Bank. Srini has played a crucial role in setting up and building the Alternate Assets business at KIAL
Srini also oversees Kotak Private Equity, Kotak Infrastructure Funds, Kotak Special Opportunities Fund and Kotak Listed Equities. As one of the earliest fund managers to raise and invest capital in India, Srini has introduced significant financing, financial structuring and negotiating skills in the alternate assets industry.

Paul Parambi
Group President & Chief Risk Officer

Paul Parambi is a part of Group Management Council and heads Risk Management for the Bank, and is responsible for embedding a common framework and practices for managing risk across the Bank. He is the convener of the Risk Management Committee, and is a member of the Credit Committee, Fraud Risk Management Committee and ALCO. Prior to this, Paul has handled several leadership roles within the Bank and the Group, including heading credit for the Consumer and Commercial Bank, heading Group Strategy, as also leading Kotak’s International Business.

Oisharya Das
CEO - Kotak Private Banking

Oisharya Das heads the Private Banking business at Kotak Mahindra Bank Ltd., and has been an integral part since its inception. She has played an important role in the growth of the business, both in India and overseas. She is part of the Bank’s Group Management Council that drives and oversees Kotak Mahindra Group’s growth charter. Prior to taking over as CEO, Oisharya was the National Director where she spearheaded client relations at a national level, and established the non-resident business as well.

S Ramesh
Group President & Managing Director & CEO - Kotak Investment Banking

S Ramesh joined the Kotak Mahindra Group in 1995 and has been instrumental in spearheading investment banking division in his two and a half decade association with the Kotak Group. Ramesh is part of the Group Management Council. Under his leadership, Kotak Investment Banking has established and reinforced its standing as a pioneer and leader in the Indian equity capital markets. As the head of the equity financing business at Kotak Investment Banking, he is credited with building the franchise of the firm and guiding it to a position of strength.

TV Sudhakar
Group President & Chief Compliance Officer

TV Sudhakar has been heading the Bank Compliance function for the last 10+ years. He is responsible for ensuring strong compliance framework and culture, implementation of all regulatory and statutory prescriptions across the Bank. He comes with a long experience of 26 years with the RBI Central Bank of the Country having worked in various areas such as Reserve Management, Banking and non-banking regulation and supervision, human resources management etc. He is currently a member of the Group Management Council of the Bank and is member of internal committees such as First Tier Audit Committee and Vigilance Committee.

Kotak has evolved over the years...

1985

Established Kotak Capital Management Finance Ltd focused on Bill Discounting.

2003

Kotak Mahindra Finance Ltd. becomes India’s first non-banking finance company to convert into a commercial bank.

2014

Merger of ING Vysya Bank with Kotak Mahindra Bank.

2017

Launch of 811 - India’s unique full-service digital banking ecosystem.