Uday Kotak

Uday Kotak (#236)

Global Rank #236

Country Rank #11

Country India

Things change so fast, you can't afford to be complacent.

$ 13 B
Banking
India
M
67 Years

Snapshot

Quick Facts

Global Rank #236

Country Rank #11

Net Worth $12.9B

Previous Worth $12.9B

Worth Change +$0.0B

Country India

Industry Banking

Age 67 Years

Gender M

Worth As Of May 4, 2026

Residence Mumbai, India

Citizenship India

World Billionaires List India Billionaires Banking

Profile Data

Personal Stats

Age 67

Source Of Wealth Banking, Self Made

Residence Mumbai, India

Citizenship India

Marital Status Married

Children 2

Education Bachelor of Arts/Science, University of Mumbai; Master of Business Administration, University of Mumbai

Net Worth Change +$0.0B +0.0% from previous worth

Previous Net Worth $12.9B

Current Net Worth $12.9B

Worth as of May 4, 2026

About Me

Spurning his family's trading business, Uday Kotak started a finance firm in 1985 then went on to convert it into a bank in 2003. His Kotak Mahindra Bank is now among India's top four banks in the private sector, boosted by its 2014 acquisition of ING Bank's Indian operations. In 2023, Kotak stepped down as CEO and managing director of the bank, four months ahead of his retirement. He's now a non-executive director on the board. The bank is now run by a former Citibanker. Kotak's son, Jay Kotak, a Harvard Business School grad, is vice president and co-head of the Kotak811 digital bank. The bank sold a 70% stake in its general insurance arm to Zurich Insurance for $640 million in 2024. The joint venture is now called Zurich Kotak General Insurance.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Uday Kotak.

#201

Billionaires (2026)

#14

India's Richest (2025)

Insights

Did You Know?

Kotak was initially backed by tractor tycoon Anand Mahindra, who still holds a small stake in the bank.

Kotak's 811 app draws its name from November 8, the day in 2016 when the government cancelled 86% of all rupees in circulation.

In 2018, Kotak was appointed by the government as non-executive chairman of the debt-strapped Infrastructure Leasing & Financial Services until 2022.

In 2020, Kotak sold some shares to reduce his stake in the bank as mandated by the Reserve Bank of India.

Wealth Growth

Net Worth Growth Over Time

Tracking Uday Kotak's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $12.9B (May 4, 2026)