Uday Kotak is an Indian Billionaire Businessman and the executive vice chairman & managing director of Kotak Mahindra Bank. Today, we take a look at the Uday Kotak's Success Story, the biography of the Richest Banker in India.
In 1995 Kotak entered the distribution and brokerage business. He kept doing this and in a few years, Kotak Mahindra was now involved in investment banking, bill discounting, stockbroking, life insurance, car finance, and mutual funds. In 2003 Kotak Mahindra Finance Ltd. received a banking license from the Reserve Bank of India (RBI). Kotak Mahindra was the only non-banking finance company to receive a banking license from the RBI in 2003. By 2014, what Uday Kotak had started off in a 300 square feet office was already the 2nd largest scheduled commercial bank in India by market capitalization with more than 1270 branches.
What is even more astonishing is that despite the banking sector receiving one of the worst PR’s Kotak Mahindra has managed to survive with reasonable safety through the multiple crises the banking sector has fallen into. Uday Kotak after so many years still holds the MD and CEO position for Kotak Mahindra. His story could easily be one of the greatest self-made success stories of our country. He is today worth $14.8 billion! Let us know what you think of Uday Kotak’s success story in the comments section below.
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Source: tradebrains.in