Uday Kotak is an Indian billionaire banker & the founder of Kotak Mahindra Bank. Uday Kotak belonged to a middle-class family. His father used to run a family business of cotton. Uday Kotak was pursuing MBA, he decided to join his family business. In 1980, Uday started his finance & bill discounting business with funds borrowed from family & friends. Anand Mahindra, the chairman of Mahindra Group invested a huge amount as he was his best friend. Later on, a small business started by Uday Kotak has become Kotak Mahindra Bank. Uday Kotak is the richest banker in Asia.
Net worth :
According to Forbes as of 2021, Uday Kotak has a net worth of $14.3 billion. In 2020 Kotak had to sell some share due to a mandate by the Reserve Bank of India which caused some losses.
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