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Non-Executive Independent Part-time Chairman
Mr. C S Rajan, a Post Graduate in History, is an accomplished leader with 46 years of experience in public life. He was appointed as an Independent Director on the Board of the Bank, with effect from 22nd October, 2022 and as Chairman, with effect from 1st January, 2024.
An IAS officer of the 1978 batch, Mr. Rajan retired as the Chief Secretary of the Government of Rajasthan in 2016. He served in leadership roles for 12 years in key Infrastructure sectors, such as, Energy, Highways, Water Resources and Industry, including SSI/MSME and enjoyed a long stint of 14 years in Agriculture and Rural Development. During his years as an IAS officer, he has also been exposed to the fields of Human Resources, Finance and General Administration. He has served on inter-disciplinary teams for review of World Bank Agriculture projects in other States and also as a Consultant to the World Bank in a Study on ‘Farmer Participation in Agricultural Research and Extension System’ which was later published as a book co-authored by him.
After his retirement from active service in July 2016, Mr. Rajan served as Deputy Chairman in the Chief Minister of Rajasthan’s Advisory Council for a period of two and half years. In October 2018, Mr. Rajan was appointed by the Government of India on the Board of Infrastructure Leasing and Financial Services Limited ("IL&FS"), initially as Director from October 2018 to April 2019, thereafter as Managing Director from April 2019 to April 2022, then as Chairman & Managing Director from April 2022 to October 2022 and, since then, he has been serving as the Non-Executive Chairman of IL&FS.
Managing Director & CEO
Mr. Ashok Vaswani has a proven track record spanning three and a half decades, initially at Citigroup and, thereafter, at Barclays, of building and growing global businesses at scale, nurturing winning teams, establishing transformational partnerships, leveraging forward leaning technology, with a compelling business vision to deliver strong bottom-line growth. He brings with him significant executional experience with high degree of compliance and industrial strength across financial services.
Mr. Vaswani was Chief Executive Officer of Barclays Bank, UK and subsequently CEO of their Global Consumer, Private, Corporate and Payments businesses and Member of the Group Executive Committee. Earlier, he was CEO Citigroup Asia Pacific and Member of the Citigroup Global Operating & Management Committees. Mr. Vaswani also built and ran various country and regional businesses across geographies. He also held position as President of Pagaya Technologies Ltd, a US-Israeli AI Fintech.
Mr. Vaswani supports various philanthropic organisations, including Pratham and Lend-A-Hand.
He has been on the board of several prestigious institutions such as, London Stock Exchange Group, The Forward Institute, UK, Former Trustee, Citizens Advice Bureau, Former Chairman, Retail Committee, British Bankers Association, Former Chairman of the Board, Entercard, Former Board member, SP Jain Institute of Global Management, UK, Former Board member, Telenor, Former Board Member of VISA Asia Pacific and VISA, UK, Former Director and Member of the Audit and Technology Committee for Barclays Africa Group Ltd and Former Director, UK Finance.
Mr. Vaswani is a Bachelor of Commerce, Economics and Accountancy from the Sydenham College of Commerce and Economics (Bombay University), Chartered Accountant from the Institute of Chartered Accountants of India, Company Secretary from the Institute of Company Secretaries of India and received Executive Education from the Stanford University Graduate School of Business.
Non-Executive Director
Mr. Uday Kotak is the Founder and Director of the Bank. He was the Managing Director & CEO of the Bank till September 2023, prior to becoming Non-Executive Director. He has played an important role in the growth of the Kotak Mahindra group over the past 38 years. Under his leadership, the Kotak Mahindra group has emerged as one of India’s leading diversified and integrated financial services conglomerates, providing a range of financial solutions covering banking, asset management, alternate asset management, life and general insurance, stock broking, investment banking, private banking, microcredit and asset reconstruction.
He has played an important role in defining and developing India’s banking & financial sector over three decades. Mr. Kotak leads several key bodies and is currently Co-Chairman of the Indo-UK Financial Partnership (IUKFP) and Chairman of the Insolvency & Bankruptcy Board of India’s advisory committee on Corporate Insolvency and Liquidation. Mr. Kotak is a member of the Global Advisory Board of the Government of Singapore Investment Corporation (GIC). He was earlier a member of the International Advisory Panel of Monetary Authority of Singapore. He was also the President of the Confederation of Indian Industry (CII) from June 2020 until May 2021. From October 2018 to April 2022, Mr. Kotak also served as Non-Executive Chairman of a specially constituted board of Infrastructure Leasing and Financial Services Limited ("IL&FS") (a state-funded non-banking financial company) by the Government of India to steer IL&FS out of a deep crisis, which he served as his national duty. In 2017, a Committee on Corporate Governance constituted by SEBI under the leadership of Mr. Kotak recommended sweeping changes towards more robust and transparent corporate governance.
Mr. Kotak is the recipient of many accolades, including the ‘EY World Entrepreneur of the Year Award’ in 2014, ‘India Business Leader of the Year’ by CNBC-TV18 at the India Business Leader Awards 2021, Life Time Achievement Award at BT-KPMG Best Banks Awards 2023, Life Time Achievement award for Management at AIMA Awards 2023 and Institution Builder award at Forbes India Awards 2024.
Mr. Kotak holds a Bachelor’s degree in Commerce and a MMS degree from Jamnalal Bajaj Institute of Management Studies, Mumbai.
Independent Director
Mr. Uday Shankar is a highly acclaimed entrepreneur, executive and founder director at Bodhi Tree Systems. He has achieved global recognition for creating the largest media and entertainment business in the Asia-Pacific region. Trained as a journalist, Mr. Shankar has led the transformation of the media and entertainment (M&E) landscape in India and the region over the last three decades.
After a distinguished corporate journey, Mr. Shankar turned entrepreneur in 2021. Mr. Shankar launched Bodhi Tree Systems to use technology to redefine consumer sectors that represent significant opportunities but suffer from a lack of capital and innovation—media, education and healthcare. Bodhi Tree Systems has forged two strategic alliances with technology as the core driver of value creation: (i) ALLEN: Partnered with one of India’s largest and most reputed education institute, to address the learning challenges of millions of Indian students through technology; (ii) Viacom18: Partnered for establishment of one of India’s leading integrated TV and digital M&E enterprises. In both ventures, Mr. Shankar is deeply involved in all aspects of technology, serving as a mentor and providing guidance and feedback on product development, design, tech and innovation roadmap and recruiting the entire leadership, attracting talent from the globally-known tech companies.
Earlier, Mr. Shankar served as President of The Walt Disney Company Asia Pacific and Chairman of Disney & Star India. Under his leadership, Star transformed into the region’s leading company, distinctively placed at the intersection of media, entertainment and technology. He is credited with pioneering the streaming revolution in India and the APAC region. Beyond his corporate roles, Mr. Shankar is also the first media executive to be the President of the Federation of Indian Chambers of Commerce and Industry (FICCI). He is associated with the US-India Strategic Partnership Forum (USISPF) and his social initiatives include Malaria No More (MNM).
Mr. Shankar’s exceptional accomplishments have earned him numerous honors. Recognized by Forbes India as the “Best CEO (MNC)” for 2015 and named “Entrepreneur of the Year (Entrepreneurial CEO)” by EY for 2016, his achievements resonate widely. His inclusion in distinguished listings like the Indian Express’ “100 Most Powerful Indians” and India Today’s “50 Most Powerful People in India” reinforces his impact. Moreover, he was named the “Impact Person of the Decade – Media” by Impact Magazine.
Mr. Shankar holds a Master in Philosophy (M. Phil.) and Master of Arts (M. A.) honors from Jawaharlal Nehru University
Independent Director
Dr. Ashok Gulati is a M.A. and Ph.D. from the Delhi School of Economics. Currently, he is a Distinguished Professor at the Indian Council for Research on International Economic Relations (ICRIER). Prior to this, he was the Chairperson of the Commission for Agricultural Costs and Prices (CACP), Government of India (2011-2014). He has been an Independent Director on the Central Board of Directors of RBI, National Bank for Agriculture and Rural Development (NABARD) and National Commodity and Derivatives Exchange Limited (NCDEX). He is currently a member of the Eleventh Audit Advisory Board of the Comptroller and Auditor General of India.
Dr. Gulati was a Director at the International Food Policy Research Institute (IFPRI) from 2001 to 2011. He was also a member of the Economic Advisory Council of Prime Minister, Late Shri Atal Bihari Vajpayee. Dr. Gulati has been deeply involved in policy analysis and advice for India. He was also a member of the Committee appointed by the Hon’ble Supreme Court on the Farm Laws. For his contributions to the field, the President of India honoured him with the 'Padma Shri’ award in 2015. Dr. Gulati has 18 books to his credit on Indian and Asian Agriculture, besides numerous research papers in national and international Journals. He has been a prolific writer in leading newspapers in India, with his column “From Plate to Plough” in the Indian Express and Financial Express.
Independent Director
Ms. Ashu Suyash is a Chartered Accountant from the Institute of Chartered Accountants of India and completed her Bachelor’s Degree in Commerce from the University of Mumbai. She has over 33 years of experience in the financial services and global information services sector, including as CEO where she led several Indian and Global businesses for over 17 years. She was the Managing Director & CEO at CRISIL Limited (“CRISIL”) till September 2021 and a member of the Operating Committee of S & P Global. She serves on the Advisory Boards and Committees of several institutions such as the Insolvency and Bankruptcy Board of India (IBBI) and National Institute of Securities and Markets (NISM).
Ms. Suyash played a pivotal role in enabling CRISIL regain its ratings leadership position and transform it to become a global analytics company and solutions provider through wide-scale adoption of technology. She led CRISIL’s growth through product innovation and acquisitions in a very challenging environment. Prior to her role as Managing Director & CEO of CRISIL, Ms. Suyash was the CEO of L&T Mutual Fund and the Managing Director and Country Head of Fidelity Mutual Fund. She also had a long and successful career of over 15 years with Citibank where she held several key positions across corporate, consumer and investment banking divisions.
Ms. Suyash has founded Colossa Ventures LLP, an innovative platform aimed at providing capital, capability and confidence building for women entrepreneurs and women-focussed businesses.
Non-Executive Director
Mr. Amit Desai, B. Com., LL.B., is a lawyer, with several decades of experience.
Deputy Managing Director
Ms. Shanti Ekambaram is a Commerce Graduate, a Chartered Accountant and a Cost and Works Accountant. She has been associated with the Kotak Mahindra Group for over 30 years and has been responsible for successfully setting up and running several business units. Ms. Ekambaram currently oversees the Treasury, Human Resources, Public Affairs, 811, Corporate Social Responsibility and Environmental, Social and Governance, Legal and Secretarial functions. The Investment Banking and Institutional Equities businesses is also under the oversight of Ms. Ekambaram. Prior to her current role, she led the Consumer Banking business at the Bank from April 2014 to May 2022. Under her leadership, Bank’s savings accounts base grew at an exemplary pace, probably the fastest in the Indian banking industry. Simultaneously, the focus of the business was on judiciously growing the retail loan book, both secured and unsecured. In addition, the Consumer Banking business drove its digital agenda across customer acquisition, customer adoption of banking, payments and e-commerce transactions, enhancing customer experience and deepening engagement.
Prior to this, Ms. Ekambaram was President - Wholesale and Investment Banking for 11 years until April 2014, where she was responsible for ensuring delivery of comprehensive advisory and financial solutions to leading Indian Corporates, Public Sector Undertakings, Financial Institutions, Multinationals and the Government. She was also Executive Director and CEO of Kotak Mahindra Capital Company Limited earlier and, along with her team, steered the firm to a position of market leadership. She established a franchise recognised for executing innovative deals, including pioneering the first book-built IPO in India, which ushered global standards in the Indian capital markets. Ms. Ekambaram has rich and varied experience across Retail and Wholesale Banking.
Before joining the Kotak Mahindra Group, Ms. Ekambaram had a short stint with Bank of Nova Scotia - the Canadian International Bank, with their Corporate Banking and Treasury division.
Ms. Ekambaram is on the board of Indian Institute of Management, Bangalore (IIM-B). She was a member of the FICCI National Committee on Banking for Financial Year 2021-22.
Business Today, one of India’s leading business magazines, recognised Ms. Ekambaram as one of the ‘Most Powerful Women in Indian Business’ from 2013-2017, in 2019 and 2020. Fortune India had featured Ms. Ekambaram as one of the ‘50 Most Powerful Women in Business in India’ from 2016-2020. Ms. Ekambaram received the ‘CA Business Leader award’ from the Institute of Chartered Accountants of India in the Large Corporate – BFSI category in 2020 and was also named CA Woman Business Leader in 2013. Further, the Ladies’ Wing of the IMC Chamber of Commerce and Industry recognised Ms. Ekambaram as ‘Woman of the Year 2013-14 in Banking and Financial Services’. She was listed by ET x Femina among the ‘Promising Women Leaders of India 2022’.
Independent Director
Mr. Eli Leenaars has over 35 years of experience in the financial services sector, including institutional & investment banking, asset management, corporate & retail banking and life & general insurance. A respected expert on the future of digital banking, Mr. Leenaars has experience in managing businesses through a wide range of matters including mergers & acquisitions, complex corporate restructurings, strategic initiatives and challenging financial environments.
Mr. Leenaars enjoyed a 24-year career (since 1991) at ING Group N.V., a Dutch multinational banking and financial services company and various of its subsidiaries and held numerous key management positions, including as Chairman of ING Poland (1997-1999), Chairman & CEO of ING Latin America (1999-2002) and Chairman & CEO of ING Central & Eastern Europe (2003-2004). Between 2004 and 2015, Mr. Leenaars was member of ING’s Executive Board with responsibility for ING’s Global Retail & Private Banking operations and Group Technology and Operations. This also included him serving from 2010 until 2015 as CEO of ING Direct N.V., at the time the world’s largest digital bank.
From April 2015 to May 2021, Mr. Leenaars served as Group Managing Director at UBS Group AG, a Swiss multinational investment bank and financial services company and as Vice-Chairman of the Global Wealth Management Division, based in Zurich.
Mr. Leenaars has served as Group Chief Operating Officer of Quintet Private Bank, a medium-sized Luxembourg-headquartered bank and wealth manager with operations in 6 European countries, from June 2021 to April 2024, based in Luxembourg.
Since January 2019, Mr. Leenaars is a Board Member of Capital One Financial Corporation, a major US bank, headquartered in McLean, Virginia, USA, with operations primarily in the USA.
Since 2009, Mr. Leenaars is a member of the European and the Global Executive Committee of the Trilateral Commission (Paris, Tokyo and Washington, DC) and was its Treasurer, between 2009 to 2022.
Mr. Leenaars has completed LL.M. from the Catholic University Nijmegen, Netherlands and the European University Institute, Florence, Italy and attended the Program for Management Development (PMD) at Harvard Business School, Boston, USA.
Independent Director
Ms. Ketaki Bhagwati serves as an Independent Director and Senior Advisor, providing leadership to companies in strategy, business development, operations, governance and financial, credit and risk management. She is currently an Independent Director on the Board of Bayer CropScience Limited. Prior to her board roles, Ms. Bhagwati held the position of Chief Investment Officer in the Financial Institutions Group at the International Finance Corporation (IFC), where she worked from 1991 to 2005, specializing in private equity, mergers & acquisitions, debt & structured finance and distressed asset workouts across various sectors in Asia, the Middle East and Africa. Before joining IFC, she worked at Credit Rating Information Services of India (CRISIL) in Mumbai.
Ms. Bhagwati is a member of the Investment Committee at Encourage Capital, a US-based impact fund focused on investments in India. She is also a Senior Advisor to the Board of KPMG India Private Limited and to the South Asia Center, Atlantic Council (USA), focusing on major economic policy issues in India. She is also a member of the Wellesley College Business Leadership Council.
Previously, Ms. Bhagwati also served as an Independent Director on the Board of Axis Bank Limited and Omniactive Health Technologies Private Limited and as a Nominee Director of IFC on the Board of Tikona Infinet Private Limited.
Ms. Bhagwati has completed Master of Public Administration in Economic Development & Finance from Harvard University’s John F. Kennedy School of Government and Bachelor of Arts in Political Science from Wellesley College.
The Board has constituted several committees to deal with specific matters as well as delegated powers to them for carrying out various activities for effective functioning of the company. The Audit Committee and Stakeholders Relationship Committee have been constituted in accordance with the guidelines issued by the Reserve Bank of India, Securities and Exchange Board of India read with requirements of the Companies Act, 2013. In addition to these, the Board has also set up additional committees such as Nomination & Remuneration Committee, Share Transfer and Other Matters Committee (STOM), Special Committee of the Board for monitoring and follow-up of Frauds (erstwhile Committee on Frauds), Customer Service Committee, Corporate Social Responsibility Committee, Risk Management Committee, Group Risk Management Committee ESOP Allotment Committee, Review Committee for classification and declaration of borrowers as wilful defaulters, Management Committee and Committee on Derivative Products.
Documents/Reports Review and Financial Reporting Process
Independent Statutory Auditors
Internal Audit Department
Whistleblowing/ Vigil mechanism
Inspections conducted by regulators
Risk Management
Process Improvement
The Stakeholders Relationship Committee of the Bank reviews the complaints received from the shareholders and ensures redressal thereof.
Pursuant to the directives of the Reserve Bank of India, the Bank has constituted a Committee on Frauds for monitoring and reviewing all the frauds involving amounts of Rs. 1 crore and above.
The Bank has, pursuant to the directives issued by the Reserve Bank of India, constituted a Customer Services Committee. The Committee has been constituted to bring about ongoing improvements in the quality of customer services provided by the Bank. The Committee would also oversee the functioning of the Customer Service Standing Committee, compliance with the recommendations of the Committee on Procedures and Performance Audit and Public Services (CPPAPS) and also mount innovative measures for enhancing the quality of customer service and improving the level of customer satisfaction for all categories of cliental, at all times.
The terms of reference of the Committee includes to identify, monitor and measure the risk profile of the Bank; develop policies and procedures; verify models that are used for preparing complex products; review models as development takes place in the markets and also identify new risks; monitor compliance of various risk parameters by operating departments; design stress scenarios to measure the impact of unusual market conditions and monitor variance between actual volatility of portfolio value and that predicted by risk measures; and ensure that the Bank’s credit exposure to any one group or industry does not exceed the internally set limits and that the risk is prudently diversified; and to specifically include cyber security.
To allot shares arising out of the options exercised in accordance with the terms and conditions of the various ESOP Schemes of the Bank
To review the order passed by the Identification Committee (1st Level Committee) after considering the written representation, if any forwarded by the Borrower(s) and pass necessary orders upholding / rejecting the order passed by the Identification Committee (1st Level Committee).
To bring operational flexibility in processing of credit proposals and also to discharge other responsibilities prescribed in different RBI directives including periodical calendar of reviews.
1) Issues relating to the Group from risk perspective.
2) Group risk appetite.
3) Analyse the material risks to which the Group, its businesses and subsidiaries would be exposed. It would discuss all risk strategies, both at an aggregated level and by type of risk and make recommendations to the Board in accordance with the Group’s overall risk appetite.
4) Identify potential intra-group conflicts of interest.
5) Assess whether there were effective systems in place to facilitate exchange of information for effective risk oversight of the Group.
6) Carry out periodic independent formal review of the Group structure and internal controls.
7) Articulate the leverage of the Group and monitor the same.
To examine the new product proposals, various parameters and their comprehensive evaluation, before being offered to its customers.
To review such matters as may be delegated to the Committee or as it may deem fit for oversight and governance function
IT Strategy & Digital Payments Promotion Committee has been constituted to ensure effective IT Governance and promotion of digital payments, in line with the relevant guidelines issued by the Reserve Bank of India (including the extant Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices dated November 7, 2023)
Kotak Mahindra Prime Ltd is among India's largest dedicated passenger vehicle finance companies. Kotak Mahindra Prime offers loans for the entire range of passenger cars, multi-utility vehicles and pre-owned cars. Also on offer are inventory funding and infrastructure funding to car dealers with strategic arrangements via various car manufacturers in India as their preferred financier.
For more information, please visit the Kotak Prime website - https://www.carloan.kotak.com
Uday Kotak (Chairman)
Vyomesh Kapasi (Managing Director)
Chandrashekhar Sathe, Independent Director
Akila Urankar, Independent Director
Ravi Venkatraman, Independent Director
Shahrukh Todiwala, Whole-Time Director
Amit Mohan, Non-Executive Director
Prakash Apte, Independent Director
Tekumalla Nihar Ramana Rao, Additional Director and Independent Director
Kotak Securities is one of the largest broking houses in India with a wide geographical reach. Kotak Securities operations include stock broking and distribution of various financial products including private and secondary placement of debt, equity and mutual funds.
Kotak Securities operates in the belowmentioned main areas of business:
For more information, please visit the Kotak Securities website - http://www.kotaksecurities.com
Board of Directors
Jaideep Hansraj (Non-Executive Chairman)
Falguni Nayar
Noshir Dastur
Sripal Shah (Managing Director)
Pratik Gupta (Whole-time Director)
Shanti Ekambaram
Kotak Investment Banking (KMCC) is a full-service investment bank in India offering a wide suite of capital market and advisory solutions to leading domestic and multinational corporations, banks, financial institutions and government companies.
Board of Directors
Uday Kotak (Chairman)
S Ramesh (Managing Director & CEO)
Sourav Mallik (Managing Director & Deputy CEO)
Jaimin Bhatt
Jayasankar Venkataraman (Managing Director)
Anu Aggarwal
Shanti Ekambaram
Kotak Mahindra Life Insurance Company Limited (Formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.) has become a 100% subsidiary of Kotak Mahindra Bank Limited with effect from 13th October 2017.
A Company that combines its international strengths and local advantages to offer its customers a wide range of innovative life insurance products, helping them take important financial decisions at every stage in life and stay financially independent. The company has covered over 19 million lives and is one of the fastest growing insurance companies in India.
For more information, please visit the Kotak Life Insurance website - https://insurance.kotak.com
Board of Directors
Uday Kotak (Chairman)
Farida Khambata
Dipak Gupta
Gaurang Shah
G. Murlidhar
Mahesh Balasubramanian
Sanjeev Kumar Pujari
C S Rajan
Jaideep Hansraj
Sharda Agarwal
Kotak Mahindra Investments Limited (KMIL) is a 100% subsidiary of Kotak Mahindra Bank Ltd. The Company is into primary businesses of Financing against securities, Lending to Real Estate Sector, Corporate & other structured Finance and Strategic Investments.
The company is rated AAA by CRISIL indicating high-credit-quality rating with stable outlook. KMIL, with a consolidated book of about 7,000 Crores, has marquee names as clients in its Loans against Shares , Corporate and Structures products business and Corporate Real Estate sector.
Being a part of the Kotak Group, KMIL endeavor's to provide strategic solutions to its clients in the areas that it operates in. It enables its customers to pursue ambitious growth strategies and execute value-creating transactions. Its strategy has been of relationship management & penetration, continuous product innovation coupled with tight control on credit quality and effective risk monitoring & management. The Company is well positioned to harness all opportunities that current economic environment offers.
For more information, please visit the Kotak Mahindra Investment website - https://www.kmil.co.in/
Board of Directors
Uday Kotak (Chairman)
Paritosh Kashyap
Chandrashekhar Sathe
Padmini Khare Kaicker
Amit Bagri
Prakash Krishnaji Apte
Paresh Parasnis
Baswa Ashok Rao
Kotak Mahindra Asset Management Company Limited is the asset manager of Kotak Mahindra Mutual Fund. Kotak Mahindra Asset Management Company Limited offers a complete bouquet of asset management products and services that are designed to suit the diverse risk return profiles of each and every type of investor.
KMAMC and Kotak Mahindra Bank are the sponsors of Kotak Mahindra Pension Fund Ltd, which has been appointed as one of six fund managers to manage pension funds under the New Pension Scheme (NPS).
Board of Directors
Uday Kotak (Chairman)
Nilesh Shah (Managing Director)
Jaideep Hansraj
Gaurang Shah
Sanjiv Malhotra
Krishnakumar Natarajan
Laxminarayan Rangarajan
Anjali Raina
Kotak Mahindra Trustee Company Limited acts as the trustee to Kotak Mahindra Mutual Fund.
Board of Directors
Sharadkumar Bhatia (Chairman)
Amit Desai
Chandrashekhar Sathe
Uday Phadke
Jayesh Merchant
Kotak Mahindra Pension Fund Limited (KMPFL), a subsidiary of Kotak Mahindra Bank Ltd (KMBL) was appointed as a Pension Fund Manager (PFM) by the Pension Fund Regulatory and Development Authority (PFRDA).
Board of Directors
Nilesh Shah
Noshir Dastur
Puneet Kapoor
Sharadkumar Bhatia
Lakshmi Iyer
Sundarraman Ramamritham
This subsidiary of Kotak Mahindra Bank Ltd is registered with the Financial Services Commission-Mauritius. KMIL has a registered office in Mauritius and a representative office in Abu Dhabi .
Board of Directors
Shyam Kumar Syamasundaran
Christopher Daniel
Mamode Izam Nathadkhan
Neeraj Malhotra
Amul Sharma
Thirumagen Vaitilingon;
Priscilla Balgobin-Bhoyrul
Jaideep Hansraja
KMUK, a 100% subsidiary of Kotak (the parent company). Is one of the first firms of Indian origin to be authorized and regulated by the Financial Conduct Authority in the United Kingdom.
KMUK has the registered office in London, with branch offices in Dubai and Singapore. It is the first Indian company to be authorized to operate from its branch in the Dubai International Financial Centre and is regulated by the Dubai Financial Services Authority. It is also regulated by the Monetary Authority of Singapore.
Board of Directors
Sanjeev Kumar Prasad
Gaurang Shah
Ruchit Puri
Shyam Kumar Syamasundaran
Christopher Daniel
Gijo Joseph
Ashok Vaswani
This subsidiary of Kotak Mahindra Bank Ltd is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) in the United States. It offers investors in US, an opportunity to invest in India through a range of India specific funds and through facilitating institutional trades through Kotak Securities Limited. KM Inc has its registered office in Delaware and principal business office in New York.
Board of Directors
Gijo Joseph
Shyam Kumar
Jaideep Hansraj
KMAMS, a 100% subsidiary of Kotak (the parent company), is incorporated in Singapore and serves as the international asset management arm of the Kotak group. KMAMS is authorised and regulated in Singapore by the Monetary Authority of Singapore and holds a Capital Markets License to engage in fund management activities.
Board of Directors
Nitin Jain
Ruchit Puri
Shyam Kumar Syamasundaran
Nilesh Shah
Kotak Alternate Asset Managers Limited (“KAAML”) focuses on the Alternate Assets business. KAAML was set up to bring a sharper focus to Kotak’s alternate assets practice and has raised/managed/advised across different asset classes including Private Equity Funds, Real Estate Funds, Infrastructure Funds, Special Situations Fund, Listed Strategies and Investment Advisory teams, all led by independent investment teams. KAAML is also a registered Investment Advisor and has a digital platform viz. Cherry for various investment solutions.
Board of Directors
Dipak Gupta
Subramanian Sriniwasan
Gaurang Shah
Jaimin Bhatt
Oisharya Das
Rajeev Saptarshi
Lakshmi Iyer
Jaideep Hansraj
Kotak Mahindra Trusteeship Services Limited acts as a trustee to domestic venture capital funds and private equity funds. It also acts as a trustee to estate planning trusts, in which it assists in setting up private trusts for high net worth individuals to achieve their succession and financial planning.
Board of Directors
Chetan Desai
Shivaji Dam
Tushar Mavani
Bhargesh Ojha
Gautami Gavankar
KIDFL, formerly into forex broking business, was converted into the infrastructure debt financing business after approval from RBI. The regulatory approval for registration as a non-banking financial company from RBI has been received in April 2017.
Board of Directors
Dipak Gupta
Sujata Guhathakurta
Paritosh Kashyap
Raghunandan Maluste
Baswa Ashok Rao
Sanjeev Ramesh Shah
IVY Product Intermediaries Ltd is engaged in marketing and distribution of various financial products/services of the Bank
Board of Directors
Chetan Desai
Ambuj Chandna
Thakur Bhaskar
BSS Microfinance Limited is a Business Correspondent of Kotak Mahindra Bank for providing micro credit products to women belonging to economically disadvantaged sections mainly for income generation activities helping them expand their micro-enterprises, increasing their household income and improving the overall quality of lives of their families.
Board of Directors
D. Kannan (Chairman)
Tapobrat Chaudhuri
Shwetha Kalappa
Manish Kothari
S. Kumar
KMFSL, registered in Abu Dhabi Global Markets (“ADGM), United Arab Emirates is regulated by the Financial Services Regulatory Authority (FSRA), the financial services regulator for the ADGM. The Financial Services Permission (“FSP”) issued by FSRA to the firm is 200051. KMFSL offers financial services in and out of the ADGM and is authorized by FSRA to conduct the following regulated activities:
a) Arranging deals in investment ;
b) Advising on Investments or Credit;
c) Insurance intermediation
d) Arranging Custody; and
e) Arranging Credit
Board of Directors
Mr. Rajeev Mohan
Mr. Jaideep Hansraj
Mr. Shyam Kumar
Mr. Amul Sharma
Mr. Gijo Joseph
Ms. Priscilla Balgobin-Bhoyrul
Mr. Shripalkumar Parasmal Shah
Kotak Karma Foundation is a company registered under Section 8 of the Companies Act, 2013, as a wholly-owned subsidiary of the Bank for setting up a Centre of Excellence (CoE) of the Bank for furtherance of part of its Corporate Social Responsibility (CSR) initiatives.
Board of Directors
Shanti Ekambaram
Paul Verghese Parambi
Chetan Nanjibhai Savla
Sonata Finance Private Limited (“Sonata”), a Non-Banking Finance Company – Micro Finance Institution registered with the RBI, is a Business Correspondent, Wholly-Owned Subsidiary of the Bank. Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs. 2,620 crore
Board of Directors
Anup Kumar Singh
Devarajan Kannan
Manish Kothari
Tapobrat Chaudhuri