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Kotak Mahindra Bank Ltd (KTKM.BO)

KTKM.BO on Bombay Stock Exchange

1,162.65INR
15 Nov 2018
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Summary

Name Age Since Current Position

Prakash Apte

64 2018 Non-Executive Independent Chairman of the Board

Jaimin Bhatt

President, Group Chief Financial Officer

Uday Kotak

59 2018 Executive Vice Chairman of the Board, Chief Executive Officer, Managing Director

Bina Chandarana

2016 Senior Executive Vice President, Company Secretary

Dipak Gupta

57 2011 Joint Managing Director, Whole-Time Director

C. Jayaram

62 2016 Non-Executive Director

Mark Newman

52 2015 Non-Executive Director

Amit Desai

59 2011 Independent Non-Executive Director

S. Mahendra Dev

60 2013 Independent Non-Executive Director

Farida Khambata

68 2015 Independent Non-Executive Director

Uday Khanna

68 2016 Independent Non-Executive Director

Biographies

Name Description

Prakash Apte

Mr. Prakash K. Apte, B.E. (Mechanical), has been appointed as Non-Executive Independent Chairman of the Board of the Company effective 20th July 2018. served as Managing Director of Syngenta India Ltd (SIL), agricultural business company in India, until April, 2011. SIL is a subsidiary of Syngenta Group one of the largest research based agribusiness across the world. Since April, 2011, he has been the non-executive Chairman of Syngenta India Limited. He was instrumental in setting up the Syngenta Foundation India which focuses on providing knowledge and support for adopting scientific growing systems to resource poor farmers and enabling their access to market. Mr. Apte has considerable experience in agricultural sector. In a career spanning over 36 years, he has extensive experience in various areas of management and business leadership. During more than 16 years of successful leadership experience in agriculture business, he has gained diverse knowledge in various aspects of businesses and has been involved with many initiatives for technology, knowledge and skills upgradation in this sector, which is vital for India’s food security. He is on the Board of Syngenta Foundation India, Indo-Swiss Centre of Excellence and Swiss Indian Chamber of Commerce. Mr. Apte is the Chairman of the Audit Committee of Bank, Syngenta India Limited and Kotak Mahindra Life Insurance Company Limited. He is also a member of the Stakeholders Relationship Committee of Syngenta India Limited and Fine Organic Industries Limited.

Jaimin Bhatt

Uday Kotak

Mr. Uday Suresh Kotak is Executive Vice Chairman of the Board, Chief Executive Officer, Managing Director of Kotak Mahindra Bank Limited. holds a Bachelor’s degree in Commerce, and a MMS degree from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is the Managing Director & CEO of the Bank and its promoter. Under Mr. Kotak’s leadership, over the past 32 years, the Kotak Group established a prominent presence in major areas of financial services including Banking, Stock broking, Investment banking, Car finance, Insurance and Asset Management. He is a Member of the International Advisory Board of GIC Private Limited, Singapore and International Advisory Panel of Monetary Authority of Singapore, Member of the Board of Governors of Indian Council for Research on International Economic Relations and The Anglo Scottish Education Society (Cathedral & John Connon School). He is also a Governing Member of the Mahindra United World College of India.

Bina Chandarana

Dipak Gupta

Mr. Dipak Gupta is Joint Managing Director, Whole-Time Director of Kotak Mahindra Bank Limited. He is the Joint Managing Director of the Bank and has over 32 years of experience in the financial services sector, 26 years of which have been with the Kotak Group. Mr. Dipak Gupta was responsible for overseeing the wealth management business, alternative investments business which included private equity funds and real estate funds, treasury and asset reconstruction business of the Bank. Mr. Dipak Gupta was responsible for leading the Kotak Group’s initiatives into the banking arena. He was the Executive Director of Kotak Mahindra Prime Limited. Prior to joining the Kotak Group, he was with A. F. Ferguson & Company. With effect from 1st May, 2018, Mr. Dipak Gupta is responsible for overseeing Digital & IT, HR, operations, alternative investments business and asset reconstruction business.

C. Jayaram

Mr. C. Jayaram is an Non-Executive Director of Kotak Mahindra Bank Limited. He has varied experience of over 38 years in many areas of finance and business. Mr. Jayaram headed the wealth management business, alternative investments business including private equity funds and real estate funds and international operations for Kotak Group till his retirement in April, 2016. He was with the Kotak Group for 26 years and was instrumental in building a number of new businesses at Kotak Group. Prior to joining the Kotak Group, he was with Overseas Sanmar Financial Ltd. He is on the Board of Financial Planning Standards Board India.

Mark Newman

Mr. Mark Edwin Newman is Non-Executive Director of the the Company. He is a Chartered Accountant and has obtained Mathematics (Honours) degree from King’s College London. Mr. Mark Newman is Head of Retail Challengers and Growth Markets, Asia. He started his career at Deloitte Haskins and Sells where he qualified as a Chartered Accountant before joining ING Group in 1992, in London. He moved to Asia in 1996 where he held a number of roles including Head of Financial Markets, Asia and CEO Wholesale Banking, Asia. He is a Director on the Board of ING Bank Australia Limited and a member of the Audit Committee of ING Bank Australia Limited.

Amit Desai

Mr. Amit K. Desai, B.Com, LLB, is an Independent Non-Executive Director of Kotak Mahindra Bank Limited. He is an eminent professional with 37 years of experience. He is also on the Board of Kotak Mahindra Trustee Company Limited.

S. Mahendra Dev

Prof. S. Mahendra Dev is Independent Non-Executive Director of Kotak Mahindra Bank Ltd., since March 15, 2013. He is currently Director and Vice Chancellor, Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India. He was Chairman of the Commission for Agricultural Costs and Prices (CACP), Govt. of India, Delhi. He was Director, Centre for Economic and Social Studies, Hyderabad for 9 years during 1999 to 2008. He has done his Post-doctoral research at Yale University and was faculty member at the Indira Gandhi Institute of Development Research, Mumbai for 11 years. He has been a member of several government committees including the Prime Minister’s Task Force on Employment and Rangarajan Commission on Financial Inclusion. He has received honors for eminence in public service. He is the Chairman of the Committee on Terms of Trade on agriculture constituted by the Ministry of Agriculture, Government of India. He was a member and Acting Chairman of the National Statistical Commission in the rank of Minister of State, Government of India. He received prestigious Malcolm Adiseshiah Award for outstanding research work on development studies. He is on the Board of Trustees of International Food Policy Research Institute (IFPRI), Washington D.C. He is also on the Board of Kotak Mahindra Prime Limited. Prof. Dev is the Chairman of the Stakeholders Relationship Committee of the Bank and a member of the Audit Committees of the Bank and Kotak Mahindra Prime Limited.

Farida Khambata

Ms. Farida Khambata is an Independent Non-Executive Director of the company. She holds Master of Arts in Economics from the University of Cambridge, a Master of Science in Business Management from the London Business School and a Chartered Financial Analyst. She is currently Global Strategist of Cartica Management, LLC and a member of its Investment Committee. She was earlier with International Finance Corporation (IFC) and was a member of IFC’s Management Group, the senior leadership team of IFC. In her last position at IFC she served as Regional Vice President in charge of all operations in East Asia and the Pacific, South Asia, Latin America and the Caribbean and the Global Manufacturing Cluster. Ms. Khambata joined IFC in 1986 from the World Bank where she managed pension fund assets. She is a member on the Advisory Board of ADM CEECAT Fund and Bancroft II and III Funds. She is also on the Board of Dragon Capital Group Limited, Vietnam, Cargills Foods Company Private Limited, Sri Lanka and Tata Sons Limited. Ms. Khambata is a member of the Audit Committee of Tata Sons Limited

Uday Khanna

Mr. Uday Chander Khanna is Independent Non-Executive Director of the company. He is a Chartered Accountant by qualification. Mr. Khanna is currently the Non-Executive Chairman of Bata India Ltd. Mr. Khanna was Managing Director & CEO of Lafarge India from July, 2005 to July, 2011 and the Non-Executive Chairman of Lafarge India from July, 2011 to September, 2014. He joined the Lafarge Group in Paris in June, 2003 as Senior Vice President for Group Strategy, after an extensive experience of almost 30 years with Hindustan Lever/Unilever in a variety of financial, commercial and general management roles both nationally and internationally. His last position before joining Lafarge was Senior Vice President - Finance, Unilever - Asia, based in Singapore. He has earlier been on the Board of Hindustan Unilever as Director - Exports, after having served as Financial Controller and Treasurer of the company. He has also worked as Vice Chairman of Lever Brothers in Nigeria and General Auditor for Unilever - North America, based in the USA. He is a Member of the Board of Governors of The Anglo Scottish Education Society and Jt. Managing Trustee of the Indian Cancer Society

Basic Compensation

Name Fiscal Year Total

Prakash Apte

2,740,000

Jaimin Bhatt

63,393,000

Uday Kotak

29,276,000

Bina Chandarana

10,419,000

Dipak Gupta

85,360,000

C. Jayaram

1,880,000

Mark Newman

490,000

Amit Desai

1,700,000

S. Mahendra Dev

2,600,000

Farida Khambata

1,540,000

Uday Khanna

1,990,000
As Of  30 Mar 2018