Company Kotak Mahindra Bank Limited

KOTAKBANK

INE237A01028

Banks

Market Closed - Bombay S.E. Other stock markets 06:21:33 2024-09-10 am EDT			5-day change	1st Jan Change
1,791.25 ^INR	+0.06%		+0.62%	-6.12%

Sep. 02	Gains in IT, FMCG Stocks Lift Indian Equities to End Higher on Monday	MT
Aug. 29	Kotak Mahindra Bank Limited Receives an Order from the Office of the Assistant Commissioner, Central Goods & Service Tax, Noida, Uttar Pradesh	CI

Business description: Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited is one of India's leading banking groups. Income (including intragroup) breaks down aby activity as follows:

- life insurance (28.3%);

- retail banking (23.8%);

- corporate banking (21.2%);

- market and investment banking (13.9%);

- finance banking (5.4%);

- asset management (2.3%);

- other (5.1%): transaction and brokerage services, loans, etc.

At the end of March 2022, the group had INR 2,604 billion in current deposits and INR 2,498.8 billion in current loans.

Products and services are marketed through a network of 4,052 braches located in India.

Number of employees: 116,000

Sales by Activity: Kotak Mahindra Bank Limited

Fiscal Period: March	2020	2021	2022	2023	2024
Insurance	111B	182B	182B	190B	281B
Retail Banking	151B	138B	153B	192B	278B
Corporate / Wholesale Banking	139B	130B	136B	181B	228B
Treasury, BMU and Corporate Centre	71.85B	99.94B	89.26B	74.38B	110B
Broking	14.59B	19.01B	25.95B	24.54B	32.14B
Vehicle Financing	23.34B	19.21B	20.04B	26.07B	34.16B
Asset Management	11.21B	11.22B	14.92B	16.6B	19.42B
Other Lending Activities	19.74B	14.38B	14.76B	13.42B	19.18B
Advisory and Transactional Services	4.18B	3.86B	6.58B	8.62B	13.71B
Inter-Segment	-41.66B	-50.12B	-51.28B	-45.41B	-72.74B

See all business segments

Managers: Kotak Mahindra Bank Limited

Director	Title	Age	Since
Ashok Valiram Vaswani CEO	Chief Executive Officer	62	Dec. 31
Devang Gheewala DFI	Director of Finance/CFO	56	-
Avan Doomasia CMP	Compliance Officer	-	20-11-30
Shanti Ekambaram BRD	Director/Board Member	62	90-12-31
Neeraj Agarwal SAM	Sales & Marketing	-	23-05-21

See KOTAK MAHINDRA BANK LIMITED governance

Members of the board: Kotak Mahindra Bank Limited

Manager	Title	Age	Since
Uday Suresh Kotak FOU	Founder	64	85-11-20
Amit Krishnakant Desai BRD	Director/Board Member	64	11-03-17
Shanti Ekambaram BRD	Director/Board Member	62	90-12-31
Uday Chander Khanna BRD	Director/Board Member	74	16-09-15
Uday Shankar BRD	Director/Board Member	62	19-03-15
Ashok Gulati BRD	Director/Board Member	70	21-03-05
Ashu Suyash BRD	Director/Board Member	-	22-01-23
Chandra Shekhar Rajan CHM	Chairman	68	22-10-21
Ashok Valiram Vaswani CEO	Chief Executive Officer	62	Dec. 31
Cornelis Leenaars BRD	Director/Board Member	63	Dec. 31

Composition of the Board of Directors

Shareholders: Kotak Mahindra Bank Limited

Name	Equities	%	Valuation
Uday Suresh Kotak 25.70 %	511,027,100	25.70 %	10 853 M ₹
Life Insurance Corporation of India (Investment Portfolio) 6.986 %	138,883,025	6.986 %	2 950 M ₹
SBI Funds Management Ltd. 5.276 %	104,897,417	5.276 %	2 228 M ₹
HDFC Asset Management Co. Ltd. (Invt Mgmt) 2.325 %	46,221,278	2.325 %	982 M ₹
UTI Asset Management Co. Ltd. (Investment Management) 1.746 %	34,706,063	1.746 %	737 M ₹

List of KOTAK MAHINDRA BANK LIMITED shareholders

Holdings: Kotak Mahindra Bank Limited

Name	Equities	%	Valuation
MULTI COMMODITY EXCHANGE OF INDIA LIMITED 15.00%	7,649,755	15.00%	472,650,593 $
SHRIRAM FINANCE LIMITED 2.03%	7,642,385	2.03%	291,908,920 $
KFIN TECHNOLOGIES LIMITED 7.74%	13,255,100	7.74%	164,007,075 $
YES BANK LIMITED 1.21%	380,000,000	1.21%	107,015,600 $

Company details: Kotak Mahindra Bank Limited

Kotak Mahindra Bank Ltd.

27 BKC, C 27, G Block Bandra Kurla Complex

400051, Mumbai

+91 22 6166 1615

http://www.kotak.com

address Kotak Mahindra Bank Limited(KOTAKBANK)

Group companies: Kotak Mahindra Bank Limited

Name	Category and Sector
Kotak Mahindra Asset Management (Singapore) Pte Ltd. Kotak Mahindra Asset Management (Singapore) Pte Ltd. Investment ManagersFinance Kotak Mahindra Asset Management (Singapore) Pte Ltd. (KMAMS) is the Singapore-based, wholly-owned asset management subsidiary of Kotak Mahindra Bank Ltd. (NSE: KOTAKBANK), a banking and financial services company headquartered in Mumbai, India. Founded in 2014, the firm primarily offers various India related products, generally to offshore (outside the USA) investors, although some of the products, subject to applicable law, shall be made available to US investors. KMAMS serves as the sub-adviser to the Alps/Kotak India Growth Fund (Alps/Kotak Fund).	Investment Managers
Kotak Securities Ltd. Kotak Securities Ltd. Investment Banks/BrokersFinance Kotak Securities Ltd. (KSL) is an equity brokerage firm headquartered in Mumbai, India. The firm was founded in 1994 and is a subsidiary of Kotak Mahindra Bank Ltd. (NSE: KOTAKBANK). KSL offers a full-service stock broking service to retail and institutional investors across all segments of the capital market. Through a tie-up with partner brokers, they also provide direct access to the US markets.	Investment Banks/Brokers
Kotak Mahindra Trusteeship Services Ltd.	Investment Trusts/Mutual Funds
Kotak Mahindra Prime Ltd. Kotak Mahindra Prime Ltd. Finance/Rental/LeasingFinance Kotak Mahindra Prime Ltd. provides automobile financing services. Its products include new car finance, used car and re-finance, top up against car loan, car lease, and dealer finance. The company was founded on February 28, 1996 and is headquartered in Mumbai, India.	Finance/Rental/Leasing
Kotak Mahindra General Insurance Co., Ltd. Kotak Mahindra General Insurance Co., Ltd. Multi-Line InsuranceFinance Part of Zurich Insurance Group AG, Kotak Mahindra General Insurance Co., Ltd. is an Indian company that conducts its business with utmost transparency. The company is based in Mumbai, India. The company was founded in 2015, and Suresh Agarwal has been the CEO since 1995. The company provides insurance policies and offer services such as checking unclaimed amounts, filing claims for motor and health insurance, and providing customized plans and quotes. Kotak Mahindra General Insurance Co. was acquired by Zurich Insurance Co. Ltd. from Kotak Mahindra Bank Ltd. on June 18, 2024 for $667.53 million.	Multi-Line Insurance

See all subsidiaries

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