Uday Kotak, From An Aspiring Cricketer To A Billionaire Banker
A player holds a ball behind his back during a cricket match at the Cross Maidan sports ground in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Uday Kotak, From An Aspiring Cricketer To A Billionaire Banker

Like many other Indians, Uday, then 20, was passionate about cricket. “I was both a batsman and a bowler.”

But then he got hit on the head with the ball. “It was a pretty serious injury. I was operated upon within three hours, and narrowly escaped,” he said in a conversation with David Rubenstein, the co-founder of Carlye Group Inc., at the Bloomberg India Economic Summit Thursday.

That’s when his father and grandfather said enough is enough and it’s time to forget cricket. Uday switched to his other passion—finance.

He went on to found Kotak Mahindra Bank, India’s third-largest lender by market value. That made Uday Kotak, now 61, a billionaire.

“The joke in the family is that when the ball hit my head, it did some cleaning up and I finally got more focused into work and my passion for finance,” Kotak said.

Also read: Billionaire Banker Says Now’s Best Time to Invest in India

Listen in to the full conversation as Uday Kotak goes down the memory lane to recount the start of his financial empire.

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