Cricketer who became a banker, this is how Uday Kotak founded Kotak Mahindra Bank

Kotak Mahindra Bank MD and CEO Uday Kotak has resigned from his post. While his retirement was scheduled only after about 4 months. Do you know that Uday Kotak was a professional cricketer, who later became the most successful banker of the country...

Uday Kotak resigned from the post of MD and CEO of Kotak Mahindra Bank on Saturday. Uday, who retired about 4 months before his retirement, was once a good cricketer. After doing MBA, he made up his mind to do a job, but this son, born in a Gujarati family, liked his father's advice to do business.

Kotak Mahindra Bank today provides employment to more than 1 lakh people across the country. While its parent company had once started this journey in Fort area of ​​Mumbai with just 300 square feet office and 3 employees. Uday Kotak's family originally belongs to Karachi, Pakistan, which came to India during the partition at the time of independence.

When Uday Kotak came to India, he lived in a house where 60 people used the same kitchen. He was always very knowledgeable in mathematics. Perhaps this is the reason that later he studied commerce and management. But his heart was very fond of sports, especially cricket.

There is no head injury, remains a cricketer

Today when India-Pakistan is playing the Asia Cup match. Then you should also know about the cricket career of Uday Kotak, who is associated with Pakistan. Uday Kotak wanted to become a cricketer from the beginning, and played a lot in school and college teams.

Uday Kotak later started playing for the Kanga Cricket League in Mumbai. India's famous cricketers Sunil Gavaskar, Sachin Tendulkar and Zaheer Khan have also played in this league.

Uday Kotak would have continued to play cricket if he had not suffered a head injury. Once when he was playing cricket at the famous Azad Maidan in Mumbai, he suffered a head injury. After this, an operation had to be done to avoid brain hemorrhage and with this his dream of becoming a cricketer was cancelled.

Friend Anand Mahindra helped

Uday Kotak had done MBA and wanted to join Hindustan Unilever. But his father advised him to do business. After this he formed 'Kotak Capital Management Finance Limited'. Later his friend Anand Mahindra invested in it and a new company was formed 'Kotak Mahindra'.

Uday Kotak obtained the license to convert Kotak Mahindra into a bank in 2003. Even before this, he had entered into various types of loan business. India started making 'Maruti cars' in the 80s. The popularity of the car among the people gave a chance to the business of 'car loan' to flourish.

Bought 5000 Maruti to distribute car loan

Once upon a time, there was a waiting period of 6 months on Maruti's car. In such a situation, Uday Kotak ordered 5,000 Marutis to increase the sales of his car loan. So that the customers who take loan from their place get the supply of the car immediately. This business idea of ​​his was very risky, but he got the profit of doing so.

Uday Kotak has now resigned from his post. So the reason for this has been told to beautify the future of Kotak Mahindra Bank. He wants that the command of the bank should go smoothly from the old generation to the new generation.