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Board of Directors
Dr. Shankar Acharya, Non-Executive Part-time Chairman

Dr. Shankar Acharya, (65 years) B.A. (Hons.) from Oxford University and Ph.D. (Economics) from Harvard University, has considerable experience in various fields of economics and finance. He is a Honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER) and a Board Member of ICRIER, the National Institute of Public Finance and Policy (NIPFP) and the Administrative Staff College of India (ASCI). He was Chief Economic Adviser, Ministry of Finance, Member, Securities and Exchange Board of India (SEBI) and Member, Twelfth Finance Commission. He has held several senior positions in the World Bank, including Director of World Development Report (1979) and Research Adviser. He was re-appointed as the Non-Executive Part-time Chairman of the Bank at the Annual General Meeting held on 28th July 2009 for a period of three years with effect from 20th July 2009. He is on the Board of Eros International Media Ltd.

Mr. Uday Kotak, Executive Vice-Chairman and Managing Director

Mr. Uday Kotak (52 Years), B.Com, MMS (Masters in Management Studies), is the Executive Vice-Chairman and Managing Director of the Bank and its principal founder and promoter. Over the past 25 years, he has built a team of professionals who have been given independent charge of various businesses in Kotak Mahindra group. He was responsible for starting the business as a start-up venture in a limited range of activities and then building it up into a full financial services group, many of the constituents of which are among the leading players in their respective fields. He is a Governing Member of The Mahindra United World College of India and Board of Governors of ICRIER. and the National Institute of Securities Markets

Mr. C. Jayaram, Joint Managing Director

Mr. C. Jayaram (55 Years), B. A. (Economics), PGDM-IIM, Kolkata, is a Joint Managing Director of the Bank and is currently in charge of the Wealth Management Business of the Kotak Group. He also oversees the international subsidiaries and the alternate asset management business of the group. He has varied experience of over 33 years in many areas of finance and business and was earlier the Managing Director of Kotak Securities Limited. He has been with the Kotak Group for 21 years and has been instrumental in building a number of new businesses at Kotak Group. Prior to joining the Kotak Group, he was with Overseas Sanmar Financial Ltd.

Mr. Dipak Gupta, Joint Managing Director

Mr. Dipak Gupta (50 Years), B.E. (Electronics), PGDM-IIM, Ahmedabad, is a Joint Managing Director of the Bank and has over 24 years of experience in the financial services sector, 19 years of which have been with the Kotak Group. He is responsible for Group HR, administration, infrastructure, operations and IT. He is also responsible for asset reconstruction business of the Bank, and was responsible for leading the Kotak Group's initiatives into the banking arena. Prior to this, he was the Executive Director of Kotak Mahindra Prime Limited. Prior to joining the Kotak Group, he was with AF Ferguson & Company for approximately six years

Mr. Asim Ghosh

Mr. Asim Ghosh (63 Years), B.Tech, Delhi and MBA from the Wharton School, University of Pennsylvania, was appointed as a Director of the Bank with effect from 28th July 2008. Mr. Ghosh commenced his career in consumer goods marketing with Procter & Gamble in the U.S. and Canada and worked subsequently with Rothmans International as a Board member of one of Canada's major breweries. He moved to Asia in 1989 as CEO of the Frito Lay (Pepsi Foods) start up in India. Thereafter, he was in executive positions with Hutchison in Hong Kong and India for the past 16 years. He continued as the CEO of Vodafone Essar Limited till 31st March 2009 and as a Non-Executive Director till 9th February 2010. . He is also on the Board of Husky Energy Inc., other Husky Group Companies and some Hutchison Whampoa Group Companies.

Dr. Sudipto Mundle

Dr. Sudipto Mundle (62 years), graduated from St. Stephen College, New Delhi, and has a Ph.D. in Economics from the Delhi School of Economics. He was a Director in the Strategy & Policy Department, Asian Development Bank (ADB). Manila and also India Chief Economist and Deputy Director at ADB’s India Resident Mission, New Delhi. He was appointed as a Director of the Bank with effect from 21st July 2010. He is a Partner Director of The Governance Group, Singapore; an Emeritus Professor (Hon.) at National Institute of Public Finance and Policy, New Delhi; a Member of the Board of Governors of Institute of Economic Growth, New Delhi; a Member of the Monetary Policy Technical Advisory Committee, Reserve Bank of India; a Member of the National Statistical Commission, Government of India; and President of PREETI Foundation. In his earlier career Dr. Mundle was Economic Advisor in the Ministry of Finance, Govt. of India; and Reserve Bank of India Chair Professor at the National Institute of Public Finance and Policy, New Delhi. He has also served in other academic institutions including the Indian Institute of Management, Ahmedabad and Centre for Development Studies, Trivandrum. He was a Fulbright Scholar at Yale University, USA; and had visiting assignments at Cambridge University, UK, Institute of Social Studies, The Hague, Netherlands and Japan Foundation, Tokyo, Japan.

Mr. Prakash Apte

Mr. Prakash Apte, B.E. (Mechanical), aged 57 years, is presently the Chairman of Syngenta India Limited, one of the leading agri business companies in India. Mr. Apte, in a career spanning over 34 years has considerable experience in various areas of management and business leadership. During more than 15 years of very successful leadership experience in agri business, he has gained varied knowledge in various aspects of Indian Agri Sector and has been involved with many initiatives for technology, knowledge and skills up gradation in this sector, which is so vital for India’s food security. 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. He is a Director of Syngenta Foundation India and Kotak Mahindra Old Mutual Life Insurance Limited. Mr. Apte is a member of Audit Committee of Syngenta India Limited.

Mr. Amit Desai

Mr. Amit Desai (51 years), is an eminent professional with 30 years experience. He is also on the Board of Kotak Mahindra Trustee Company Limited and Terra DeKM India Pvt. Ltd.
Mr. Amit Desai is a member of Audit Committee of Kotak Mahindra Trustee Company Limited

Mr. Narendra P. Sarda

Mr. Narendra P. Sarda (65 years), B.Com, F.C.A., is a Chartered Accountant for more than 40 years. He is a former partner of M/s. Deloitte Haskin & Sells, Chartered Accountants, the past President of the Institute of Chartered Accountants of India in 1993 and was a public representative Director of the Stock Exchange, Mumbai (BSE). Presently, He is representing India on the global IFRS Advisory Council.

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