Kotak Mahindra Bank Management
Management criteria checks 1/4
Kotak Mahindra Bank's CEO is Ashok Vaswani, appointed in Jan 2024, has a tenure of 1.67 years. total yearly compensation is ₹129.53M, comprised of 38.1% salary and 61.9% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth ₹30.41M. The average tenure of the management team and the board of directors is 1.4 years and 2.9 years respectively.
Key information
Ashok Vaswani
Chief executive officer
₹129.5m
Total compensation
| CEO salary percentage | 38.08% |
| CEO tenure | 1.7yrs |
| CEO ownership | 0.0008% |
| Management average tenure | 1.4yrs |
| Board average tenure | 2.9yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | ₹192b |
| Mar 31 2025 | ₹130m | ₹49m | ₹221b |
| Dec 31 2024 | n/a | n/a | ₹225b |
| Sep 30 2024 | n/a | n/a | ₹221b |
| Jun 30 2024 | n/a | n/a | ₹215b |
| Mar 31 2024 | ₹53m | ₹12m | ₹182b |
Compensation vs Market: Ashok's total compensation ($USD1.47M) is about average for companies of similar size in the Indian market ($USD1.17M).
Compensation vs Earnings: Ashok's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Ashok Vaswani (65 yo)
Mr. Ashok Valiram Vaswani serves as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank Limited from January 01, 2024 and has been its Director. He had been the President of Pagaya Tec...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 1.7yrs | ₹129.53m | 0.00078% ₹ 30.4m | |
| Deputy MD & Director | no data | ₹66.21m | 0.066% ₹ 2.6b | |
| Whole-Time Director | 1.4yrs | ₹4.94m | 0.013% ₹ 516.5m | |
| Group Chief Financial Officer | 1.4yrs | no data | 0.0067% ₹ 260.8m | |
| President & Chief Technology Officer | less than a year | no data | no data | |
| Chief Compliance Officer | less than a year | no data | no data | |
| President & Group General Counsel | less than a year | no data | no data | |
| Head of Group Corporate Communication | 1.6yrs | no data | no data | |
| President of Propositions & Chief Marketing Officer | no data | no data | no data | |
| President & Chief Human Resources Officer | 1.7yrs | no data | no data | |
| Joint President & Group Chief CSR Officer | no data | no data | no data | |
| President and Head of Wholesale Banking Group & Whole-Time Director | no data | no data | 0.015% ₹ 597.6m |
Experienced Management: 500247's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 1.7yrs | ₹129.53m | 0.00078% ₹ 30.4m | |
| Deputy MD & Director | 2.8yrs | ₹66.21m | 0.066% ₹ 2.6b | |
| Whole-Time Director | 1yr | ₹4.94m | 0.013% ₹ 516.5m | |
| President and Head of Wholesale Banking Group & Whole-Time Director | less than a year | no data | 0.015% ₹ 597.6m | |
| Non-Executive Non-Independent Director | 39.8yrs | ₹8.83m | 25.86% ₹ 1.0t | |
| Independent Director | 1.7yrs | ₹6.05m | no data | |
| Independent Non-Executive Director | 6.5yrs | ₹5.70m | 0.000020% ₹ 779.7k | |
| Non-Executive Director | 3.5yrs | ₹4.45m | 0.069% ₹ 2.7b | |
| Independent Director | 4.5yrs | ₹6.60m | no data | |
| Independent Director | 1.3yrs | ₹7.13m | no data | |
| Non-Executive Independent Part-Time Chairman | 2.9yrs | ₹8.13m | no data | |
| Independent Director | 3.7yrs | ₹6.98m | no data |
Experienced Board: 500247's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/03 18:17 |
| End of Day Share Price | 2025/09/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Kotak Mahindra Bank Limited is covered by 69 analysts. 32 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nitin Bhasin | Ambit Capital |
| Ashwin Mehta | Ambit Capital |
| Jignesh Shial | Ambit Capital |