Hunt Partners places Mr. Uday Khanna as an Independent Director on the Board of Kotak Mahindra Bank Limited:
About the Company:
Established in 1985, the Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). Thereafter, KMFL became India’s first non-banking finance company to become a bank – Kotak Mahindra Bank Limited. Effective from 1st April, 2015, ING Vysya Bank Limited merged with Kotak Mahindra Bank Limited creating an INR 2,00,000 crore institution. Apart from Kotak Mahindra Bank Ltd, Kotak Group companies include., Kotak Mahindra Old Mutual Life Insurance Ltd, Kotak Securities, Kotak Mahindra General Insurance Company Ltd., Kotak Mahindra Capital Company, Kotak Mahindra Prime Ltd, Kotak International Business, Kotak Mahindra Asset Management Company, and Kotak Private Equity.
About the Candidate:
Mr. Uday Khanna is a qualified Chartered Accountant and is currently the Non-Executive Chairman of Bata India Ltd. Mr. Khanna also sits on the Boards of Castrol India, Pidilite Industries, and Pfizer India. Earlier in his career, 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. 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.
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