Industrialist Anand Mahindra Recalls His 'Best Decision'
The rise and rise of Kotak Mahindra Group has been nothing short of meteoric. "An investment of Rs 1,00,000 made in Kotak Group in November 1985, is worth Rs 1,400 crore today - a compounded growth rate of 40 per cent over the past 32 years," Uday Kotak, executive vice chairman and managing director of Kotak Mahindra Bank recently said. An early backer of the Kotak Group has been industrialist Anand Mahindra, who recently tweeted that it has been one of his best decisions.
Â
1985. Young Uday Kotak enters my office&offers financing.He's so smart,I ask if I can invest in him.My Best decision https://t.co/cCfntHkiih
March 25, 2017
In reply Mr Kotak said this:. @anandmahindra thank you Anand. You are my friend, mentor, guide in this journey.
March 25, 2017The Kotak Mahindra Group was incorporated in 1985 as Kotak Capital Management Finance Limited. This company was promoted by Uday Kotak, Sidney A. A. Pinto and Kotak & Company. Industrialists Harish Mahindra and Anand Mahindra took a stake in 1986, and that is when the company's name was changed to Kotak Mahindra Finance Limited. In 2003, Kotak Mahindra Finance was converted into a commercial bank.
Today, Kotak Mahindra Group is one of India's leading financial services conglomerates. Effective April 1, 2015, ING Vysya Bank merged with Kotak Mahindra Bank. As of December 31, 2016, Kotak Mahindra Bank has a national footprint of nearly 1,350 branches.
Â
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
-
Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.
