Oct 15, 2010

Q 31 THE MAN

Onetime partner of Goldman Sachs, derives fortune from 48% stake in Y Bank, which X started in 1985 as a small finance firm, with the backing of tractor tycoon Anand Mahindra who lent his name to firm. Bank has 17 million customers and is a leading player in wealth and asset management services. Also has a life insurance joint venture with Old Mutual. Family is biggest shareholder in Business Standard, a daily financial newspaper. Recently X set up the X Education Foundation, family's private trust that focuses on educating poor children in and around Mumbai. Name
NAME X and the Y BANK


Answer: X: Uday Kotak and Y: Kotak Mahindra Bank



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