[4] In the early 1980s, while India was still a closed economy with slow economic growth, Kotak decided to start on his own, turning down a lucrative job offer from a multinational corporation.
[5] Over the next few years, he diversified his business into various areas of financial services, establishing a prominent presence in bills discounting, stockbroking, investment banking, car finance, life insurance and mutual funds.
[9] As per Forbes list of The Richest People In The World, dated 8 MARCH 2024 Uday Kotak ranked #148 with a net worth of $13.3 Billion.
[10] Uday Kotak was born in Mumbai on 15 March 1959 to an upper-middle-class Gujarati Hindu Lohana family that engaged in cotton trading.
[21] In 2015, Kotak entered the general insurance business and is partnering with telecom magnate Sunil Mittal's Bharti Airtel to start a small payments bank.
[24] Kotak is a member of the Government of India's High-Level Committee on Financing Infrastructure, the Primary Market Advisory Committee of the Securities & Exchange Board of India, Member of the Board of Governors of the National Institute of Securities Markets and the Indian Council for Research on International Economic Relations (ICRIER).