Frontlist | A new book: How Uday Kotak built a valuable Indian bank

Frontlist | A new book: How Uday Kotak built a valuable Indian bank
on Feb 04, 2021

How did Uday, a scion of a well-established cotton trading family, break away from the ready nest-egg offered by the traditional family business to set up his eponymous Kotak Mahindra Bank, known for being one of the most expensive bank stocks in the world? ‘How Uday Kotak Built a Valuable Indian Bank’ recounts the story of a young man, brought up in a family with Gandhian values and a simple middle-class ethos, who just wanted to be a professional cricketer. With a foiled dream and a deep desire to do ‘something on my own’, Uday started out with an MBA degree and an innate ability to spot unseen business opportunities, to set up a company in the small office space provided by his father. The company crossed various trials by fire in tandem with India’s economy to emerge as the bank with the highest market price to book ratio in the world, a measure that indicates the efficiency of the bank in value creation as perceived by investors. Based on personal interviews with Uday, his Kotak team and friends, readers will learn what it takes to create a world-class financial conglomerate with international standards of corporate governance and asset efficiency. How Uday Kotak Built a Valuable Indian Bank is the sixth and final book in the series, Shapers of Business Institutions. ABOUT THE AUTHORS R. GOPALAKRISHNAN is an author, speaker and a corporate advisor. His career spans over 50 years: 31 in Unilever where he rose to be vice chairman, HUL, and later 19 years in Tata Sons as a director. He now serves as non-executive chairman of Castrol India, an independent director of Hemas plc, Sri Lanka, Executive-in-Residence at S.P. Jain Institute of Management and Research, Mumbai and Distinguished Professor of IIT, Kharagpur. He has authored nine books so far, notably A Comma in a Sentence, Six Lenses and Doodles on Leadership. TULSI JAYAKUMAR, an alumnus of the prestigious Delhi School of Economics is a Professor of Economics and Chairperson, Family Managed Business at SPIJMR, Mumbai. She has to her credit globally acclaimed cases published in international academic journals, besides contributing thought-provoking articles in national business papers and magazines. Source: India Education Diary