Board of Directors
The members of the Board consists of the following Directors
|Mr. Uday Kotak
|Mr. Paritosh Kashyap
|Mr. Chandrashekhar Sathe
|Ms. Padmini Khare Kaicker
|Mr. Amit Bagri
|Mr. Paresh Parasnis
|Mr. Prakash Krishnaji Apte
All directors on the Board have eminent, rich and varied professional background and immense expertise.
Mr. Uday Kotak
Mr. Uday Kotak is the Founder and Director of Kotak Mahindra Bank. He has played an important role in the growth of the Kotak Mahindra group over the past 38 years. Under his leadership, the Kotak Mahindra group has emerged as one of India’s leading diversified and integrated financial services conglomerates, providing a range of financial solutions covering banking, asset management, alternate asset management, life and general insurance stock broking, investment banking, private banking, microfinance and asset reconstruction. Mr. Kotak has always believed that the true measure of performance is sustainable value creation. This is also reflected in the Kotak Mahindra Bank’s growth where an investment of ₹ 10,000 in 1985 would be worth around ₹ 300 crore today.
He has played an important role in defining and developing India’s banking & financial sector over three decades. Mr. Kotak leads several key bodies and is currently Co-Chairman of the Indo-UK Financial Partnership (IUKFP) and Chairman of the Insolvency & Bankruptcy Board of India’s advisory committee on Corporate Insolvency and Liquidation. He is on the International Advisory Panel of Monetary Authority of Singapore, the International Advisory Board of the Government of Singapore Investment Corporation. He was President of the Confederation of Indian Industry (CII) from June 2020 until May 2021. From October 2018 to April 2022, Mr. Kotak also served as Non-Executive Chairman of a specially constituted board of IL&FS (a state-funded non-banking financial company) by the Government of India to steer IL&FS out of a deep crisis, which he served as his national duty. In 2017, a Committee on Corporate Governance constituted by SEBI under the leadership of Mr. Kotak recommended sweeping changes towards more robust and transparent corporate governance.
Mr. Kotak has been a recipient of the ‘Ernst & Young World Entrepreneur of the Year Award’ in 2014, ‘Economic Times Business Leader of the Year Award’ in 2015, ‘Businessman of the Year 2016’ by Business India, ‘Lifetime Achievement Award’ at Financial Express’ Best Banks’ Awards 2016, ‘USIBC Global Leadership Award’ at the 2018 India Ideas Summit organised by the U.S.-India Business Council, ‘Life Time Achievement Award’ at Magna Awards 2019 by Businessworld, ‘Best CEO in Banking Sector’ by the Business Today Best CEO Awards 2019 and ‘India Business Leader of the Year’ by CNBC-TV18 at the India Business Leader Awards 2021.
Mr. Kotak also has a vision for equitable prosperity that extends beyond financial services. The Kotak Education Foundation (KEF), a philanthropic trust founded by Mr. Kotak, works with some of India’s most economically underprivileged communities, attempting to alleviate poverty through education and livelihood programmes.
Mr. Phani Shankar
Phani Shankar is currently President and Co Head of Finanical Markets, Kotak Mahindra Bank and has taken over as Head – Credit from 01 July 2022.
Phani joined KMB as part of the merger of ING Vysya Bank with Kotak in 2015. He was Head of Financial Markets in ING Vysya Bank for about 8 years. Post merger, he headed the FX Sales vertical within Treasury before taking over as Co-Head in 2020. He worked with Standard Chartered Bank and IDBI Bank in Financial Markets before joining ING Vysya Bank.
Phani has handled various areas of Financial Markets including ALM, Trading and Sales. He was also a member of the Credit Committee of KMB for about 3 years.
Phani is an engineer from NIT Allahabad and did his PG Diploma in Business Management from IIM Ahmedabad.
Mr. Paritosh Kashyap
Paritosh has over two decades of experience in the financial services sector. He joined Kotak Mahindra Group in January 1995. He serves as President, Financial Institution Group- Capital Market and Business Head of Debt Capital Markets in Kotak Mahindra Bank. To his credit, Paritosh successfully grew the DCM franchise and established Kotak as a leading player in the Indian Debt Capital Markets. He served as MD and CEO of Kotak Mahindra Investments Limited from 2013 to 2019.
Before joining Kotak, Paritosh worked with Larsen & Toubro Ltd. for over two years. Paritosh is a Chartered Accountant and Cost & Works Accountant. He is an avid reader and loves travelling.
Mr. Chandrashekhar Sathe
Mr. Chandrashekhar Sathe, B. Tech. (Chemical Engineering) from IIT, Mumbai, aged 62 years, has over 35 years of experience in the banking and financial sector and was Group Head of Risk Management of Kotak Mahindra Bank before retiring in 2009. Mr. Sathe was a part of the Senior Management team of Kotak Mahindra Group since 1992 and was responsible for setting up the Fixed Income Securities capability of Kotak Mahindra Capital Company Limited. Prior to joining Kotak, he was with Bank of Nova Scotia and Bank of Maharashtra and had wide ranging experience in Banking, Finance, Administration, Credit, Foreign Exchange and Money Markets.
Mr. Sathe is a widely consulted expert on Foreign Exchange and Money Markets in India and is a frequent contributor to financial newspapers, magazines and TV News channels.
Ms. Padmini Khare Kaicker
Ms. Padmini Khare Kaicker is B.Sc, FCA and is the Managing Partner of B K Khare & Co. She has held a number of key client facing and management roles. Under her leadership the firm has grown to be a full service firm. In addition to growing the firms practice, she has been responsible for building the consulting and corporate finance verticals as also the foray into the financial sector. She has been extensively involved in Financial Services clients across banks, asset managers, brokers/dealers and insurance companies.
She has experience in auditing, large Indian organizations and multinational companies operating in India across a cross section of industries including oil & gas, automotives, information technology, and capital goods. In addition she has led teams on corporate restructuring exercises such as amalgamations, demergers, due diligence and valuations. She is also involved in bettering Corporate Governance as Audit Committee Chairperson of Public companies. She has also served on Committees of the Institute of Chartered Accountants of India.
Mr. Amit Bagri
Mr. Amit Bagri is currently Managing Director and CEO of Kotak Mahindra Investments Limited. He is MBA from IIM Ahmedabad, B. Com (Hons.) from Sri Ram College of Commerce (SRCC).
Amit has over 20 years of experience in M&A and Corporate Banking. He has experience in all aspects of banking including offshore funded / structured transactions. In his earlier role, Amit has had significant exposure in M&A advisory, privatisation, private equity and valuation.
He joined ING Vysya Bank in Feb 2005 from ANZ Investment Bank where he had worked with their M&A team for a period of over four years. ING Vysya Bank merged with Kotak Mahindra Bank in April 2015. Amit was earlier with PwC in their Financial Advisory Services division since 1996.
Mr. Paresh Shreesh Parasnis
Mr. Paresh Shreesh Parasnis is a Fellow of the Institute of Chartered Accountants of India. From August 2012 to March 2021, he was heading the Piramal Foundation, one of India’s leading foundations committed to addressing social issues through high impact solutions, thought leadership and partnerships. At Piramal Foundation, he was responsible for the Piramal Group’s philanthropic activities (implemented through initiatives focussed on primary healthcare, education leadership and safe drinking water), government & donor partnerships, working with the board on strategy, governance and in building a broader eco-system oriented partnership mandate. Prior to joining the Piramal Foundation, Paresh served as Executive Director & Chief Operating Officer with HDFC Life Insurance Company Limited.
During his tenure with HDFC Life (2000-2012) he was a Member of various Board Committees and Chair / Member of Management Committees. He has worked in various senior roles with HDFC Limited (1984-2000) & with Hindustan Lever Limited for two years (1982-84). He has also been a consultant to the World Bank and the Asian Development Bank. Paresh is a director on the board of Invesco Asset Management (India) Pvt Ltd and has earlier served on the board of Kotak Mahindra Life Insurance (2014-2022). Paresh continues to engage with the development sector by mentoring social entrepreneurs and through his strategic engagement on governing boards of leading non profit organisations like ARMMAN, Collective Good Foundation, Piramal Swasthya and Shoshit Seva Sangh. He has rich experience of over 38 years with major strengths in strategy, board engagement, project management and building & executing robust servicing models.
Mr. Prakash Krishnaji Apte
Mr. Prakash Krishnaji Apte, aged 67 years, B.E. (Mechanical), served as Managing Director of Syngenta India Limited (“SIL”), an agricultural business company in India and a subsidiary of Syngenta Group, one of the largest research based agribusiness across the world, from November 2000 to April 2011. Mr. Apte has been the Non-Executive Chairman of SIL from May 2011 till September 2021. 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.
In a career spanning over 40 years, he has extensive experience in various areas of management, business leadership and agriculture sector. In the more than 16 years of successful leadership experience, he has gained diverse knowledge in various aspects of businesses and has been involved with many initiatives for technology, knowledge and skills upgradation in the agri sector, which is vital for India’s food security. He was on the Boards of Syngenta Foundation India and Indo-Swiss Centre of Excellence upto 15th July, 2021 and 8th June, 2021, respectively.