COMPANY INTELLIGENCE PROFILE
Kotak Mahindra Bank Limited
Kotak Mahindra Bank is one of India's top private-sector banks and flagship of the Kotak group, offering banking, lending, capital markets, asset management and insurance across four strategic business units.
Kotak Mahindra Bank, established in 1985 and converted from an NBFC to a bank in 2003, is a leading private-sector bank in India. As the flagship of the Kotak group, it operates Consumer, Corporate, Commercial Banking, and Treasury units. The bank offers a range of services including lending, asset management, and insurance. With a market cap of approximately ₹3,82,675 Cr, it achieved a total income of ₹69,781 Cr and a net profit of ₹19,288 Cr in FY2026.
AI-generated, may contain errors.
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
Kotak Mahindra Bank Limited generated a total revenue of ₹69,781 Cr and a PAT of approximately ₹19,200 Cr in FY2026. The bank's net worth stood at ₹181,000 Cr, with total deposits of ₹566,940 Cr and total assets around ₹10.03 Lakh Cr. PAT decreased due to an exceptional gain in FY2025. Market cap is about ₹3,82,675 Cr with a P/E ratio of 19.1 and ROE of 11%.
AI-generated, may contain errors.
| 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 do?
Kotak Mahindra Bank is one of India's top private-sector banks and the flagship of the Kotak group, offering banking, lending, capital markets, asset management, and insurance across four strategic business units.
What is the CIN of Kotak Mahindra Bank?
The Corporate Identification Number (CIN) of Kotak Mahindra Bank is L65110MH1985PLC038137.
What is the GSTIN for Kotak Mahindra Bank in Maharashtra?
The primary GSTIN for Kotak Mahindra Bank in Maharashtra is 27AAACK4409J1ZK.
When was Kotak Mahindra Bank incorporated?
Kotak Mahindra Bank was incorporated on 21 November 1985.
Where is the registered office of Kotak Mahindra Bank located?
The registered office of Kotak Mahindra Bank is located at 27BKC, C-27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra 400051.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.