Uday Kotak

Uday Kotak

Uday Kotak (born 15 March 1959) is an Indian businessman. He is the vice-chairman and managing director of Kotak Mahindra Bank. He owns a 50% stake in Kotak Mahindra Bank, which he founded and runs. Forbes estimated his wealth to be $4.1 billion in 2012. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in two subsidiaries for $72 million.

There are quite a few more billionaires in the world than you may think.  Every country seems to have their fair share.  Even though this is the case the economy has been rough on everyone, including the billionaires.  They lost money as well but perhaps they did not feel it as much.  India boosts a very successful entrepreneur who drudged up the determination and passion to take a business and turn it into a billion dollar operation.  His name is Uday Kotak.  He is 50 years of age and he is a self-made billionaire.  He made his money in one of the most risky businesses of all, investment banking.  He became the pride of Mumbai and turned finance in India upside down and inside out.  This young man who grew up in India living on hopes and dreams became a magnate in banking and achieved success beyond his wildest dreams.

He attended Bombay University where he obtained his four-year degree.  He also received a Masters in Business Administration from UOB Science.  After college he joined with a tycoon who made his fortune in tractors and created a finance company.  Over the years the company would adapt to offering new financial options such as bill discounting and auto finance.  In 1991 his company took control of FICOM a major marketing network in retail.  The very next year they jumped into Funds Syndication.  By 1995 the company began to divide into divisions.  The Banking division for investments became Kotak Mahindra Capitol Company.  Many more separate branches were to follow.

In 1998 he begins the mutual market fund in an asset management company.  A few years later and they were in the life insurance business as well.  The same year they launched their first brokerage site online.  In 2003 the finance company changes over to a commercial bank.  He holds the honor of being the first company in India to accomplish this.  The next year he creates the India Growth Fund.  This is a private equity program.  In 2005 a real estate fund is incorporated.  He continues to maintain a wide range of financial options for those who desire it.

Along the way he was able to get married and have a few children.  His dedication and persistence has won him admiration throughout the Indian financial society.  His financial empire has won numerous awards over recent years.  Some of the awards were for being one of the best employers in India.  Others were for being the best local bank.  He took a small finance company and turned it into a financial conglomerate.  That is why he is considered one of the most successful entrepreneurs of his generation.  He was part of the financial change in India and he paved the way for many of the alterations.  His passion for finance was equaled for the last quarter of a century in his country.  He introduced the world of investments and financial options to India in an entirely new way.  In the end he is the true definition of success.