COMPANY INTELLIGENCE PROFILE
Kotak Mahindra Bank Limited
Kotak Mahindra Bank is one of India's largest private-sector banks and the flagship of the Kotak Mahindra group, a financial-services conglomerate.
Business Overview
Kotak Mahindra Bank is one of India's largest private-sector banks and the flagship of the Kotak Mahindra group, a financial-services conglomerate. It was originally incorporated in 1985 as Kotak Mahindra Finance Ltd (an NBFC) and became the first Indian NBFC to convert into a bank in 2003. It operates four strategic business units — Consumer Banking, Corporate Banking, Commercial Banking, and Treasury — offering retail and corporate lending, deposits, capital markets, asset management, insurance, and wealth management through the bank and group subsidiaries. Source: Kotak.bank.in "Our Business", GlobalData/Umbrex profiles.
Sector & Classification
Banking / financial services — monetary intermediation of commercial banks (NIC code 64191 typical for banking). Sector: Private-sector scheduled commercial bank. Source: business profile; exact NIC code not obtained from an allowed registry.
Directors & Key Management
Directors — source notes
Confirmed via Tofler (with DINs) and TheCompanyCheck. Key directors: Uday Suresh Kotak (DIN 00007467, promoter/Non-Executive Director; founder, stepped down as MD&CEO in 2023); Ashok Valiram Vaswani (DIN 10227550, Managing Director & CEO); Shanti Ekambaram (DIN 00004889, Whole-Time Director/Deputy MD); Uday Shankar (DIN 01755963, Independent Director); Ashu Suyash (DIN 00494515, Independent Director); Amit Krishnakant Desai (DIN 00310510, Director); Ashok Gulati (DIN 07062601, Independent Director — Tofler). TheCompanyCheck additionally lists recent Whole-Time Director appointments: Jaideep Hansraj (Feb 2025), Paritosh Kashyap (Sep 2025), Anup Kumar Saha (Mar 2026) — DINs not obtained for these three. Chandra Rajan listed as director (appointed Oct 2022) on TheCompanyCheck — DIN not obtained. Note: board composition shifts frequently; DINs above are source-attributed to Tofler.
GST Registrations
Primary/home-state GSTIN: 27AAACK4409J1ZK (Maharashtra, registered 01/07/2017, Public Limited Company, status Active). PAN: AAACK4409J. Home state: Maharashtra (state code 27). The bank holds numerous state-wise registrations under the same PAN — WebSearch results indicate ~55 GST registrations across states/UTs (as expected for a pan-India bank); exact current count not verified on a single allowed source. Other Maharashtra variants seen: ...J3ZI, ...J4ZH. Source: KnowYourGST individual GSTIN page; count from WebSearch aggregate.
Financials
Consolidated, audited (Source: Screener, cross-checked with TheCompanyCheck). FY2026: Total Revenue/Income ₹69,781 Cr; PAT ₹19,288 Cr (Screener consolidated) — TheCompanyCheck reports ₹19,181 Cr net profit (source conflict of ~₹100 Cr, likely standalone vs consolidated or rounding); Net Worth ~₹181,000 Cr (₹180,231 Cr reserves + ₹995 Cr equity); Total Deposits ₹566,940 Cr; Borrowings ₹95,394 Cr; Total Assets ~₹10.03 Lakh Cr. FY2025 (consolidated): Total Revenue ₹65,669 Cr; PAT ₹22,126 Cr; Net Worth ₹156,495 Cr; Deposits ₹494,707 Cr; Borrowings ₹97,622 Cr. Market Cap ~₹3,82,675 Cr; P/E ~19.1; ROE ~11%. Note: FY2026 PAT lower than FY2025 partly due to exceptional gain in FY2025 (stake sale). For a bank, "revenue" = total income (interest + other income); deposits are the main funding, not conventional "borrowings".
Funding History
Not applicable in the venture/private-funding sense — Kotak Mahindra Bank is a publicly listed bank that raises capital via equity markets, deposits, and debt/bond issuances (e.g., infrastructure and Tier-II bonds). No VC/PE funding rounds. None found.
Loans & Charges
Not obtained from an allowed registry. As a bank/lender, Kotak primarily creates charges on borrowers' assets rather than carrying large registered charges against itself; MCA charge index not accessible (mca.gov.in blocked). None confirmed.
Credit Ratings
Kotak Mahindra Bank Ltd (the entity): CRISIL AAA/Stable / CRISIL A1+ (reaffirmed Apr 2026; CRISIL rating rationale). ICRA [ICRA]AAA (Stable). Ratings reflect strong capitalisation (standalone CET-1 ~21.1%, CRAR ~22.2% as on 31 Mar 2025), healthy asset quality, comfortable earnings. Note (entity-confusion caution): the AA+→AAA upgrade in some sources refers to subsidiary Kotak Mahindra Prime's debt instruments, NOT the bank — the bank itself is AAA. Source: CRISIL & ICRA rating rationales.
Legal & Compliance
Not systematically retrieved from Indian Kanoon in this run. As a large bank, Kotak is party to routine litigation (recovery suits, SARFAESI/DRT proceedings as a creditor, consumer and tax matters). No single material adverse case verified here — treat as partial/none-confirmed. Regulatory note: RBI in Apr 2024 restricted onboarding of new online/mobile customers and issuing new credit cards over IT deficiencies (widely reported); this is a regulatory action, not court litigation. Source basis: public knowledge; not verified via allowed legal-database fetch this run.
Competitive Landscape
HDFC Bank (largest private bank, ~₹35 lakh Cr+ balance sheet), ICICI Bank (large private, comparable/larger scale), Axis Bank (large private, comparable scale), IndusInd Bank (mid-large private), Yes Bank (mid private), State Bank of India (largest PSU, much larger scale). Kotak sits among the top 3-4 private-sector banks by market cap. Source: Owler/Craft/MatrixBCG peer sets.
Frequently Asked Questions
What does Kotak Mahindra Bank Limited do?
Kotak Mahindra Bank is one of India's largest private-sector banks and the flagship of the Kotak Mahindra group, a financial-services conglomerate.
What is the CIN of Kotak Mahindra Bank Limited?
Kotak Mahindra Bank Limited's Corporate Identification Number (CIN) is L65110MH1985PLC038137.
When was Kotak Mahindra Bank Limited incorporated?
Kotak Mahindra Bank Limited was incorporated on 21 November 1985. Source: TheCompanyCheck & Tofler (agree). and is registered with RoC-Mumbai, Maharashtra. (TheCompanyCheck: "Mumbai"; Tofler lists "Maharashtra" — same registry.).
Who are the directors of Kotak Mahindra Bank Limited?
Directors on record include Uday Suresh Kotak (DIN 00007467); Ashok Valiram Vaswani (DIN 10227550); Shanti Ekambaram (DIN 00004889); Uday Shankar (DIN 01755963); Ashu Suyash (DIN 00494515); Amit Krishnakant Desai (DIN 00310510); Ashok Gulati (DIN 07062601).
Where is Kotak Mahindra Bank Limited registered?
The registered office of Kotak Mahindra Bank Limited is at 27BKC, C-27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra 400051. Source: TheCompanyCheck, Tofler, KnowYourGST (agree)..
Information compiled from public registry and secondary sources (as of 2026-07-28). It may be incomplete or dated; verify independently before relying on it. Known gaps: Exact NIC/industry code not confirmed via allowed registry; exact live count of GST registrations not verified on a single allowed source (~55 estimated); DINs for recently-appointed WTDs (Jaideep Hansraj, Paritosh Kashyap, Anup Kumar Saha) and director Chandra Rajan not obtained; registered charges not accessible (MCA blocked); Indian Kanoon legal cases not fetched this run; FY2026 PAT shows minor source conflict (₹19,181 Cr TheCompanyCheck vs ₹19,288 Cr Screener consolidated).