Board of Directors

S. Sriniwasan (Srini) heads Kotak Alternate Asset Managers Limited ((Kotak Alts). He is also a part of the Group Management Council that drives Kotak Mahindra Group’s growth charter.

Srini has played a crucial role in setting up and building the different asset classes in Kotak Alts including Real Estate, Infrastructure, Special Situations & Credit, Private Equity and Investment Advisory. Overall, Kotak Alts has raised / advised ~USD 9.3 billion in funds across these asset classes. As one of the earliest fund managers to raise and invest capital in India, Srini has introduced significant financing, financial structuring and negotiating skills in the alternate assets industry. Srini joined the Kotak Mahindra Group in 1993.

Prior to Kotak Alts, he was a part of Kotak’s investment banking joint venture with Goldman Sachs from inception in 1995, and was co-head of Kotak Investment Banking until 2005. At Kotak Investment Banking, Srini advised leading domestic and international companies on capital raising, M&A and strategic divestitures.

Srini Sriniwasan is a member of the Confederation of Indian Industry (CII) subcommittee on Capital Markets. He is also a Board member of Asia Pacific Real Estate Association Limited (APREA) & Co-Chairman of the India Chapter. He is also a member of the Governing Council of Global Real Estate Institute (GRI) – India Chapter. He is a Member of the Executive Committee at the Indian Private Equity & Venture Capital Association (IVCA) and is a Member of the Private Credit Council at Emerging Markets Private Equity Association (“EMPEA”).

Srini holds a Bachelor's degree in Commerce from Delhi University and an MBA from the Institute of Management Technology (IMT), Ghaziabad.

Srini Sriniwasan Managing Director

Eshwar Karra joined the Kotak Group in 2000 and brings with him over two decades of financial services experience. He is part of the core leadership team at Kotak Alternate Asset Managers Limited (Kotak Alts).

Eshwar Karra was the CEO of Kotak Special Situations Fund where he oversees investments across all special situations, credit and stressed assets opportunities. The fund strategy is to invest in opportunities across all asset classes with a flexible approach to investing and structuring.

Prior to Kotak Special Situations Fund, Eshwar was the CEO of Phoenix Asset Reconstruction Company (a Kotak sponsored ARC) which had an AUM of USD 1 billion. During his 5 year tenure at Phoenix, he made investments across all major sectors and successfully resolved investments.

Eshwar was the founding member of the distressed assets business at Kotak and has helped the group in successfully investing over INR 2,500 crores (USD 417 million) of its proprietary capital in distressed assets. He has built time tested expertise in identifying distressed opportunities, structuring and executing complex financial transactions as well as securing profitable exits.

Eshwar holds a Bachelor's degree in Commerce from the University of Pune and is a Management graduate from the Institute of Management Development and Research, Pune.

Eshwar Karra Deputy Managing Director

Rajeev Saptarshi joined Kotak Alternate Asset Managers Limited as the Chief Operating Officer in November 2013. He is a Whole-Time Director and on the Board of Kotak Alternate Asset Managers Limited. He is responsible for the Finance, Compliance, Operations and Investor Relations functions of the entire alternate assets practice of the Kotak Group.

Rajeev brings with him a wealth of experience in dealing with the regulatory authorities and is well versed with fund structuring and compliance. Rajeev has been with the Kotak Group for over 30 years during which he has held several senior management roles across different businesses. In his earlier roles, Rajeev was the Chief Operating Officer of the Institutional Equities business at Kotak Securities Limited, where he led technology initiatives and also headed the Operations and Finance functions. He was also the Chief Financial Officer of Kotak Mahindra Capital Company, the Investment Banking arm of the group where he managed finance and operations.

Rajeev is a Chartered Accountant and a Company Secretary.

Rajeev Saptarshi Whole-Time Director & Chief Operating Officer

Oisharya Das heads the Private Banking business at Kotak Mahindra Bank Ltd., and has been an integral part since its inception. She has played an important role in the growth of the business, both in India and overseas. She is part of the Bank’s Group Management Council that drives and oversees Kotak Mahindra Group’s growth charter.

Prior to taking over as CEO, Oisharya was the National Director where she spearheaded client relations at a national level, and established the non-resident business`s as well.

She started her career with the Kotak Mahindra Group in 1994. From 1999 to 2004, she led the private client services business for the eastern region at Kotak Securities. Thereafter, she was responsible for the North, East and the West Regions of the Private Banking business.

Oisharya is a graduate in Political Science, and has done her Masters in International Relations. She has completed her MBA from IIM Calcutta.

Oisharya Das Non Executive Director

Mr. Dipak Gupta was the Managing Director & CEO of Kotak Mahindra Bank Limited, up to December 31, 2023. He has had over three decades of experience in the financial services sector, with the last two and half decades having been spent with the Kotak Mahindra Group. At the Bank, in the past, he has overseen the functions of IT (including Cyber Security and Digital Initiatives), Internal Audit, Human Resources, Marketing, Compliance, Administration, Infrastructure and Operations as well as Treasury, Wealth Management and the Consumer Finance businesses. He was also responsible for setting up the retail business following the conversion of Kotak Mahindra Finance Limited (KMFL) into a bank.

Mr. Dipak Gupta has also played a key role in building various businesses for Kotak Mahindra Group. He was instrumental in forging the partnership between KMFL and Ford Credit International. He was the first CEO of the KMFL–Ford Credit joint venture, Kotak Mahindra Primus Limited.

He is director on the boards of Kotak Mahindra Life Insurance Limited, Kotak Mahindra Capital Company Limited, Kotak Infrastructure Debt Fund Limited and Kotak Mahindra (UK) Limited.

Dipak Gupta Non Executive Director - Chairman

Gaurang Shah is a non- executive director on the Boards of Insurance, Asset Management and International subsidiaries of Kotak Mahindra Bank. He is the Chairman of the Board of Kotak Mahindra General Insurance.

Prior to this, Gaurang was whole time director on the Board of Kotak Mahindra Bank heading the credit risk function and overseeing the Insurance, Asset Management including Alternate Assets and Asset Reconstruction businesses.

Gaurang has over 40 years of experience largely in financial services, of which over 27 years have been with the Kotak Mahindra Group. He has played a key role in building the Group's consumer banking and life insurance businesses, and has held several positions of responsibility, including Head of Retail Assets at Kotak Mahindra Bank. He was also the Head of Kotak Mahindra Primus (a joint venture between Kotak Mahindra Group and Ford Credit International), which became Kotak Mahindra Prime Ltd (in 2006) - one of India's leading automobile finance companies.

Gaurang is a Chartered Accountant (CA) from ICAI and M.Com from Gujarat University.

Gaurang Shah Non Executive Director

Mr. Jaideep Hansraj is the Group President - One Kotak of Kotak Mahindra Bank Limited (“the Bank”), and brings with him, a strong domain in investments and capital markets along with a proven track record of building and scaling large businesses. He was the Managing Director of Kotak Securities till March 2024, he had heralded technology to keep digitization and innovation at the core of customer experience. Under his astute leadership, Kotak Securities had improved in all critical areas of business - acquisition, volume market share across segments, active clients, loan book, profitability, etc.

He joined the Kotak Mahindra Group in July 1993, and in a short span of four years, he was elevated to the position of Chief Executive of Kotak Mahindra International Ltd. (a subsidiary of Kotak Mahindra Finance Limited). In October 1999, he took over as the Head of Kotak Securities’ private client function, and in 2004, moved from Kotak Securities to build the Wealth Management portfolio in the bank.

With his leadership, Kotak Wealth Management has emerged as the leading wealth management firm in India and has won several accolades and recognition across the industry, including being ranked #1 in the Asian Private Banker’s India 2017 AUM League Table. He has also joined the Bank's Group Management Council, which oversees and drives the bank's growth charter and monitors all Kotak-related policy decisions and strategies.

He is a member of the Secondary Market Advisory Committee, or SMAC, which deals with secondary market issues such as recommending actions to improve market safety, efficiency, and transparency. He serves on the NSE Clearing Limited Advisory Committee and was recently appointed to the SEBI-Ad Hoc Intermediary Advisory Committee (AIAC).

Besides maintaining a very active lifestyle, Jaideep is an avid cyclist. He also enjoys Indian and Classical music and loves traveling.

Jaideep Hansraj Non Executive Director