Meet India’s richest banker, who has bought property in Mumbai worth Rs…, his name is…

Uday Kotak and his family bought residential property at a three-floor development located in Mumbai's upmarket Worli Sea Face area.

Written by: Victor Dasgupta Edited by: Victor Dasgupta

Updated: February 6, 2025, 11:20 PM IST

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https://www.india.com/business/uday-kotak-richer-banker-in-india-md-ceo-of-kotak-mahindra-bank-mukesh-ambani-gautam-adani-noel-tata-ratan-tata-kumar-mangalam-pallavi-kotak-antilla-sbi-axis-hdfc-icici-7597323/ Copy

New Delhi: India is home to numerous billionaires who have made significant contributions in their respective fields both domestically and internationally. As part of their investment, they splurge money on various commercial and residential properties. From Mukesh Ambani to Gautam Adani, India’s top industrialists own properties worth thousands of crores. Now, Uday Kotak, the country’s richest banker and former MD & CEO of Kotak Mahindra Bank, has acquired a residential property valued at Rs 202 crore.

According to a MoneyControl report, Uday Kotak and his family bought residential property at a three-floor development located in Mumbai’s upmarket Worli Sea Face area. The 12 properties that formed the transaction are located in the Shiv Sagar residential property, according to documents accessed by Zapkey.

All You Need To Know About Uday Kotak:

• Uday Kotak once led Rs 3.81 lakh crore market cap Kotak Mahindra Bank as CEO,
• Uday is the richest banker in India.
• As per Forbes, he has a real-time net worth of USD 13.8 billion or Rs 120931 crore as of February 6.
• In September 2023, he stepped down as CEO and MD of the bank, four months ahead of his retirement.
• He is now a non-executive director on the board. He holds a stake of around 25.70 per cent of the bank.

As per the documents, the transactions also include Uday Kotak’s wife, Pallavi Kotak, his sons, Jay and Dhawal Kotak, and his parents, Suresh and Indira Kotak. The total deal covers 7,418 square feet of space, priced at Rs 2.71 lakh per square foot.