Uday Kotak

Banking, Mumbai. Kotak started a bill-discounting business in 1985 with family money and a small office, grew it into a finance company and in 2003 won one of the few new banking licences, turning it into Kotak Mahindra Bank. He was known for caution, keeping capital high and avoiding the bad-loan cycles that hurt rivals. He stepped down as chief executive in 2023 and remains a non-executive director and large shareholder.