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Kotak Mahindra Bank
Kotak Mahindra Bank (BSE: 500247, NSE: KOTAKBANK) operates as a private sector bank in Mumbai, India. Founded in 1985, it offers banking products and financial...
Kotak Mahindra Bank
Kotak Mahindra Bank (BSE: 500247, NSE: KOTAKBANK) operates as a private sector bank in Mumbai, India. Founded in 1985, it offers banking products and financial services through various channels and subsidiaries. The bank has made 26 investments, including a November 2025 investment in Tenneco Clean Air India.
General information
Firm type
Bank / Wealth / Trust
Year founded
1985
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, Maharashtra, India
Additional offices
New York, United States · London, United Kingdom · Dubai, United Arab Emirates · Singapore
Principals
Uday Kotak
Founder & Non-Executive Director
Ashok Vaswani
Managing Director & Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Kotak Mahindra Bank's alternate assets division?
Kotak Alternate Asset Managers operates with dedicated investment teams for each vertical. Srini Sriniwasan leads Kotak Private Equity, and Vikas Chimakurthy heads the real estate fund. The overall alternate assets business reports to the group CEO, a role held by Ashok Vaswani since November 2023.
How does Kotak source private equity deals in India?
The bank's corporate lending franchise, which spans thousands of mid-market and large Indian companies, generates substantial deal flow. Its promoters and treasury teams often introduce private equity opportunities before broader auctions begin. International offices in London, Dubai, and Singapore source cross-border capital interested in India exposure.
Is Kotak Alternate Assets a single family office or an institutional asset manager?
It is an institutional asset manager within a publicly listed bank, not a family office. Uday Kotak's personal wealth is held separately from the bank's fund management business, which manages third-party capital alongside bank proprietary investments.
Does Kotak Alternate Assets manage only domestic Indian capital?
No — its funds have attracted commitments from global development finance institutions, sovereign wealth funds, and family offices across Asia, the Middle East, and North America. The real estate platform in particular has co-investment relationships with several major international property investors.
What is Kotak's relationship with the Reserve Bank of India, and does it constrain their investment activity?
As a licensed bank, Kotak Mahindra Bank's proprietary investments face RBI regulations on equity exposure, sectoral limits, and capital adequacy. These rules shape the mix between bank-book investments and third-party fund structures. The regulated status also provides a funding-cost advantage and deposit base that standalone asset managers lack.
Where does Uday Kotak's wealth originate, and how is it separated from the bank?
Uday Kotak's wealth comes from his founder equity stake in Kotak Mahindra Bank, which he built from a bill-discounting firm in 1985. His personal holdings in the bank are publicly disclosed under Indian securities law. The family's private investment vehicle, Infinite India Investment Management, handles personal wealth separately from the bank's asset management activities.
Has Kotak's private equity arm ever exited a major investment through an IPO?
Yes. Portfolio companies backed by Kotak Private Equity, such as Aequs, have pursued public listings on Indian exchanges. The bank's equity capital markets division often acts as bookrunner for these public exits, creating a full-cycle pipeline from private investment through IPO execution.
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