Born on March 15, 1959, Uday Kotak does not need any introduction today. Uday Kotak, the owner of the world's 4th largest private bank, started his career in a private firm. He laid the foundation of Kotak Mahindra Bank on 22 March 2003, which today's youth see as an inspiration. Kotak Mahindra Bank is the first Bank that got the license from the Reserve Bank of India.
In 2018, The name of Uday Kotak was also included in Forbes. It is said that “Everyone sees the success, no one sees the struggle behind it.”
Uday Kotak, who grew up in the Gujarati middle class, had 60 people in the family. His father used to take care of the family by trading in cotton.
Uday Kotak, who studied Hindi medium, is included in the list of billionaires today. Cricket Enthusiast, Uday Kotak Completed his degree from Sydenham College of Commerce and Economics, Mumbai, and in 1982, he completed his post-graduation in M.B.A from Jamnalal bajaj institute of management.
Uday Kotak started the Kotak Capital Management Finance company by borrowing from his friends which is today known as Kotak Mahindra Finance Limited.
Today Kotak Mahindra has 600 branches. In 1985, Uday Kotak tied the knot with Pallavi. In 2014, he was nominated for Young Entrepreneur.
In 2017, his name was included in India Today Magazine among 50 powerful people. Uday Kotak was the captain of the cricket team in the school and was very smart in maths. While playing, the cricket ball hit his head and he got brain damage. And he says that I had to discuss with 14 members of the family while making every decision.
That's why I did not want to do business with the family. Many foreign banks came to India in 1980. Uday Kotak met with Anand Mahindra. In 1986, he invested with Anand Mahindra.
The name of his company was changed from Kotak to Kotak Mahindra.
His name resonates in the business world today, having established many big businesses like Kotak Mahindra, Kotak Securities, Kotak Mutual Fund.
21 Amazing Motivational Uday Kotak Quotes that always give us Goose Bumps when we heard these.
Check out the list of quotes from Uday Kotak.
1. There's no harm being a copycat. If someone else is doing a good job, copy. It's free.
2. The trouble with opportunity is, it never announces when it comes. It's only after it's gone, you'd realize that you missed it.
3. Technology is an enabler; you have to be at the cutting edge of technology - there is no choice.
4. If what you create does not outlive you, then you have failed.
5. In a marathon, if you run too fast, you get exhausted. If you run too slow, you never make it.
6. When a lion doesn't get its prey, it remains hungry. When the prey saves himself, he has not won, but has saved his life.
7. For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets.
8. I grew up in a joint family of 60 people with one kitchen. So I am a firm believer in the family concept.
9. A lot of family members worked in the joint commodities family business. It was a classic case of capitalism at work and socialism at home.
10. The single biggest resource India has is people and skill.
11. There is socialism in the family that conflicts with meritocracy. And that bothered me.
12. I am a great believer in Indian entrepreneurship. There is a whole set of people doing so many exciting things.
13. I am a believer in the journey and enjoying the journey.
14. It's true that I have always been very comfortable with numbers.
15. I would have loved to have been a cricketer.
16. Foreign investors are looking for a consistent and stable policy in India.
17. If you look at the history of large financial institutions, most of them have succeeded because of a deep presence in their home market.
18. Younger customers are the future, but older customers have the money. So you need both: one for the present, and the other for the future.
19. My view is make Indian manufacturing competitive, and if it is competitive, it can serve customers or consumers anywhere.
20. Culture is about the mindset of people, and we are very happy to have a strong combined mindset of people.
21. My view is the core engine supporting India's growth aspiration will be the financial sector, which will have to get more efficient.
