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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.

2018  
2017  
2016  
2015  
2014  
2009  
2008  
2006  
2005  
2004  
2003  
2001  
1998  
1996  
1995  
1991  
1990  
1987  
1985  
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.
Read More
Acquisition of 9,83,82,022 (19.90%) equity shares of Airtel M Commerce Services Ltd. Co.(AMSL)
Know More
Launch of international banking unit in GIFT City, Gandhinagar, Gujarat.
Acquisition of BSS Microfinance Pvt. Ltd.
Know More
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.
Read More
Innovative solutions such as Jifi and KayPay launched for digital and social media.
Read More
Acquisition of 15% equity stake in Multi Commodity Exchange of India Ltd. (MCX)
Read More
Launch of pension fund under India's National Pension System (NPS)
Read More
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
Read More
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.
Read More
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
Uday Kotak

Managing Director and CEO, Kotak Mahindra Bank

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Uday Kotak, Founder and Managing Director & CEO of Kotak Mahindra Bank, has led the group in a broad range of financial services for over 30 years. Uday believes that the true measure of performance is value creation. The Group’s vision for equitable prosperity extends beyond financial services. The 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
Dipak Gupta

Joint Managing Director, Kotak Mahindra Bank

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Dipak Gupta helms the support functions of the bank, including Human Resources, IT, Operations, Digital Initiatives, Customer Experience, Marketing and CSR, and has an oversight on the asset reconstruction and alternate investment businesses of the Group. With over 30 years of experience, Dipak has played a key role in building various businesses at Kotak Mahindra Group. He was instrumental in the collaboration of Kotak Mahindra with Ford Credit International to form Kotak Mahindra Primus Limited, of which he was the first CEO. Dipak was also responsible for setting up the retail businesses post the conversion of Kotak Mahindra Finance Limited into a Bank.

Dipak GuptaJoint Managing Director

shanti-ekambaram

Shanti Ekambaram
Group President – Consumer Banking

Shanti Ekambaram heads Consumer Banking and is focused on growing an integrated Consumer Banking Franchise across asset and liability products. Before taking over the reins of consumer banking, Shanti set up several businesses and was the head of the bank's corporate and investment banking business.

d-kannan

D Kannan
Group President – Commercial Banking

D Kannan heads one of the Strategic Business Units (SBU) of Kotak Mahindra Bank - the Commercial Banking business, since August 2014. His SBU encompasses Agri Finance, Commercial Vehicles, Construction Equipment, Tractor Finance, Microfinance, and retail branches of commercial banking. 

gaurang-shah

Gaurang Shah
Whole-time Director & Group President 

Gaurang Shah is a whole-time director on the board of Kotak Mahindra Bank. He oversees the Insurance, Asset Management including Alternate Assets and Asset Reconstruction businesses and is Non-Executive Director on the boards of the insurance, asset management and international business entities, which are wholly owned subsidiaries of Kotak Mahindra Bank. Gaurang has over 35 years of experience largely in financial services, of which over 23 years have been with the Kotak Mahindra Group.

 

g-murlidhar

G Murlidhar 
Managing Director & Chief Executive Officer
Kotak Mahindra Life Insurance

G Murlidhar is one of the founding members of Kotak Life Insurance, and is currently the company’s Managing Director & CEO. Over the past decade, Murlidhar has played an instrumental role in establishing a strong operational and service backbone, dovetailing into a highly efficient distribution network for Kotak Life Insurance.

jaideep-hansraj

Jaideep Hansraj
Managing Director & Chief Executive Officer
Kotak Securities


Jaideep Hansraj recently assumed charge as MD & CEO of Kotak Securities, the broking arm of Kotak Mahindra Group. He has been with Kotak for over two decades. Prior to this role, Jaideep was head of the Bank’s Wealth Management, Priority Banking and NR business. Under his leadership, Kotak Wealth Management has emerged as the leading wealth management firm in India and has won several accolades and recognition across the industry.

jaimin-bhatt

Jaimin Bhatt
Group President & Group Chief Financial Officer

Jaimin Bhatt heads the Centre Division at Kotak Mahindra Bank, which comprises Finance, Tax, Strategy, Secretarial, Internal Audit, Investor Relations, Management Accounts and Legal & Compliance. Jaimin is also Chairman of the Bank’s First Tier Audit Committee. He has been the Group CFO since 2002.

kvs-manian

KVS Manian
Whole-time Director & Group President - Corporate, Institutional, Investment Banking & Wealth Management

KVS Manian heads Corporate, Institutional & Investment Banking, and is building a high-quality corporate franchise that offers integrated corporate and investment banking solutions. He also oversees the Wealth Management business. Prior to this, Manian spearheaded the consumer banking business for about eight years.

narayan-sa

Narayan SA
Group President - Treasury & Global Markets

Narayan helms Integrated Treasury (forex, fixed income, money markets and derivatives), Primary Dealership and Balance Sheet Management units at Kotak Mahindra Bank. Narayan continues to have an oversight of Kotak Securities and Kotak Mahindra Prime.

venkattu-srinivasan

Venkattu Srinivasan
Group President – Asset Reconstruction and Structured Credit

Venkattu Srinivasan heads the Asset Reconstruction Division at Kotak Mahindra Bank. He pioneered the business of purchasing non-performing loans in India, and was instrumental in establishing the Asset Reconstruction Division at the Bank. In his two decade innings at Kotak, Venkattu has played a crucial role in setting up several lending businesses such as commercial vehicle loans, tractor finance, construction equipment, farm equipment, SARAL business loans etc.

virat-diwanji

Virat Diwanji
Group President – Retail Liabilities & Branch Banking

In his two and a half decade long innings at 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. 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.

nilesh-profile


Nilesh Shah
Group President & Managing Director - Kotak Mahindra Asset Management Company (KMAMC).

Nilesh brings more than 25 years of experience in financial and capital markets, and has managed funds across equity, fixed income securities and real estate for local and global investors. A gold medalist chartered accountant and a merit ranking cost accountant, Nilesh’s hobbies include reading and educating investors on financial planning. He has co-authored a book on Financial Planning called "A Direct Take".

 

Kotak has evolved over the years...

1996

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

2003

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

2014

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

2019

We have a lot more in store for you coming up this year.

Our Story

Since the inception of the erstwhile Kotak Mahindra Finance Limited in 1985, it has been a steady and confident journey leading to growth and success. Have a look at our milestones over the past few years.

2018  
2017  
2016  
2015  
2014  
2009  
2008  
2006  
2005  
2004  
2003  
2001  
1998  
1996  
1995  
1991  
1990  
1987  
1985  
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.
Read More
Acquisition of 9,83,82,022 (19.90%) equity shares of Airtel M Commerce Services Ltd. Co.(AMSL)
Know More
Launch of international banking unit in GIFT City, Gandhinagar, Gujarat.
Acquisition of BSS Microfinance Pvt. Ltd.
Know More
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.
Read More
Innovative solutions such as Jifi and KayPay launched for digital and social media.
Read More
Acquisition of 15% equity stake in Multi Commodity Exchange of India Ltd. (MCX)
Read More
Launch of pension fund under India's National Pension System (NPS)
Read More
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
Read More
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.
Read More
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.