Uday Kotak

Uday Kotak

Uday Kotak (#194)

Things change so fast, you can't afford to be complacent.

  • $ 14 B
  • Banking
  • India
  • M
  • 67 Years

About Me

Spurning his family's trading business, Uday Kotak started a finance firm in 1985 then went on to convert it into a bank in 2003. His Kotak Mahindra Bank is now among India's top four banks in the private sector, boosted by its 2014 acquisition of ING Bank's Indian operations. In 2023, Kotak stepped down as CEO and managing director of the bank, four months ahead of his retirement. He's now a non-executive director on the board. The bank is now run by a former Citibanker. Kotak's son, Jay Kotak, a Harvard Business School grad, is vice president and co-head of the Kotak811 digital bank. The bank sold a 70% stake in its general insurance arm to Zurich Insurance for $640 million in 2024. The joint venture is now called Zurich Kotak General Insurance.
About Images

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Uday Kotak’s rise and global influence.

  • #14   India's Richest (2025)
  • #165   Billionaires (2025)

Wealth Growth

Net Worth Growth Over Time

Tracking Uday Kotak’s net worth journey over the years, highlighting key growth phases and financial milestones.

Current Net Worth: $14.4B (February 5, 2026)