The incident of a cricket ball hit his head and he had to undergo emergency surgery to make Uday Kotak one of the richest bank managers in the world today.
Although Kotak had to forget his dream of becoming a professional player, the individual chose to continue his studies in Management Studies at Jamnalal Bajaj Institute in Mumbai before serving in the financial sector in 1985 at the age of 26.
Now at the age of 61, the individual has a wealth of assets worth $ 16 billion based on the Bloomberg Billionaires Index record.
As lenders saw a global downturn, their firm Kotak Mahindra Bank Ltd saw a 17% increase in shares by 2020 compared to other firms in India.
In fact, as the loan ratio increased in 2020, its firm was ranked second lowest compared to other firms with increased capital adequacy.
Based on market value, the firm reported an unexpected 27% increase in profit in the quarter ended September 30.
Until now, Kotak is still looking for opportunities to grow its company by trying to take over IndusInd Bank Ltd. The move would make Mahindra Bank Box among the major lenders in India, leading to an increase in assets of more than 80%.
Mahindra in an interview admitted that the decision made in his 20s has produced the sweetest reward in his life.
