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Journey of Uday Kotak : Uday Suresh Kotak , born on 15 March 1959, is a distinguished Indian banker renowned for founding Kotak Mahindra Bank, where he serves as a non-executive director. Early Life and Family Background Uday Kotak was born on March 15, 1959, in Mumbai, into an upper-middle-class Gujarati Hindu Lohana family known for their involvement in cotton trading. Growing up, he experienced life in a large joint family, where 60 members shared a single roof. Kotak humorously referred to ... Uday Kotak is an Indian billionaire banker and founder of Kotak Mahindra Bank, where he is a non-executive director. He started his own financial services company in the 1980s and became the first to receive a banking license from RBI in 2003. Uday Kotak today announced his departure from Kotak Mahindra Bank as the managing director (MD) and the chief executive officer (CEO) effective September 1, 2023. Uday Kotak ’s Net Worth: Uday Suresh Kotak is the billionaire founder of Kotak Mahindra Bank, now serving as a non-executive director after stepping down as CEO in September 2023. His son, Jay Kotak , succeeded him as CEO of digital banking. Jay holds a degree in History and Economics from Columbia University and an MBA from Harvard Business School.
