Anand Mahindra also congratulated Kotak on the bank’s 40-year journey. He described it as one of his “greatest privileges” to support Kotak as a “friend, believer, and admirer”

Kotak Mahindra Bank Ltd., the bank founded by Uday Kotak, marked 40 years of operations on Friday and has grown from a modest capital of Rs 30 lakh in 1985.

The bank, reportedly today, has a market capitalisation of Rs 4.2 lakh crore. Read More

Uday Kotak reflected on the milestone in a post on X while sharing some of the old pictures.

“Forty years ago today, I started a company with Rs 30 lakh capital, in a 300 sq ft office in Fort, Mumbai. Today that company, which I ran for 38 years, is Kotak Mahindra Bank. As this Indian institution navigates changing times, may it prosper. Happy Birthday… tum jiyo haza

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