Uday Kotak: ‘The fruit of waiting is sweet’ Investment of Rs 10000 gave a return of Rs 300 crore! Investors are in trouble

Uday Kotak: Uday Kotak, founder of Kotak Mahindra Bank, one of the largest private sector banks in the country, resigned from the post of MD and Chief Executive Officer on Saturday. The bank gave this information to the stock market, in which it has been told that the resignation of Uday Kotak will be considered effective from September 1. Uday Kotak was preparing for his resignation for a long time. He resigned on Saturday as per the plan.

Uday Kotak will remain on the post of non-executive director

Let us tell you that he will continue to hold the post of non-executive director. Uday Kotak’s tenure was till 31 December 2023, but he resigned before his time.

The foundation of Kotak Mahindra was laid 38 years ago

Uday Kotak told that Kotak Mahindra was started 38 years ago in 1985, which is today known as a big bank and famous financial institution. He said that I used to see personalities like JP Morgan and Goldman Sachs, how they dominated the world on the economic front. I dreamed of a similar institute in India. Under this, I started Kotak Mahindra Bank 38 years ago. During that time it started with 3 employees in 300 square feet office.

Investment of Rs 10 thousand will be worth Rs 300 crore today – Uday Kotak

He further said that we have created value for our investors. More than one lakh direct jobs have been provided. The investment of 10 thousand in the year 1985 has become 300 crores today. Uday Kotak said that the founder leaves, but the institution always flourishes. He said that we have a talented team to take the institute forward, which will work to take the institute forward.

Uday Kotak’s net worth

It is noteworthy that Uday Kotak is counted among the famous bankers of the world. According to the Bloomberg Billionaires Index, Uday Kotak’s current net worth is around $13.4 billion. He holds 26 per cent stake in Kotak Mahindra Bank.

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