Corporate Responsibility

Whole-time Director (Executive Director), Kotak Mahindra Bank

Jaideep Hansraj is the Whole-time Director (Executive Director) at Kotak Mahindra Bank. He oversees the Affluent customer segment and the Human Resource

function, aiming to enhance service offerings and drive the People agenda. Additionally, as the head of ‘One Kotak’, he promotes collaboration across the Bank and its subsidiaries.

Previously, Jaideep was the Managing Director and CEO of Kotak Securities Limited, focusing on digitization and innovation, which led to significant business improvements. Before that, he was the Chief Executive of Kotak Mahindra International Ltd. and later led Kotak Securities’ private client function. In 2004, he moved to build the Wealth Management portfolio at the Bank, earning numerous accolades, including being ranked #1 in the Asian Private Banker’s India 2017 AUM League Table.

Jaideep joined the Kotak Mahindra Group in 1993 and quickly rose through the ranks. He is part of the Bank's Group Management Council.

Outside of work, Jaideep enjoys cycling, Indian and Classical music, and traveling.

Independent Director 

Mr. Ramesh Iyer has been associated with the Mahindra Group for over four decades in various roles. He was instrumental in building Mahindra & Mahindra Financial Services Limited (“MMFSL”) into one of India’s leading rural finance institutions. In his last role, he served as MMFSL’s Vice Chairman & Managing Director and as President - Financial Services Sector & Member of the Group Executive Board – Mahindra and Mahindra Limited, until his superannuation in April 2024.

As CEO of MMFSL, since 1999, he led MMFSL’s growth with a strong focus on rural and inclusive finance, scaling it significantly in assets, reach and customer base. He has also played a key role in establishing subsidiaries in rural housing finance, insurance broking and asset management and in forging international joint ventures.

In view of his multi-faceted achievements, he was honoured as Entrepreneur of the Year by Ernst & Young in 2013 and has received CNBC Leadership Award in 2016, Business Today Best CEO (Financial Services – Mid-sized companies) Award in 2014 and several other accolades within the Mahindra Group over the years.

Mr. Iyer currently serves on the boards of several listed and unlisted companies and advises leading institutions across financial services and technology spheres.

Mr. Iyer is a Commerce graduate and holds Doctor of Letters (D.Litt.) degree.

Mr. Amit Desai, B. Com., LL.B., is a lawyer, with several decades of experience.
Mr. Amit Desai is a Board Member of Kotak Mahindra Trustee Company Limited, a wholly-owned subsidiary of the Bank.

Non-Executive Independent Director

Mr C S Rajan, aged 66 years, is a successful leader with over 40 years of experience across significant government portfolios. In roles ranging from Sub-divisional Magistrate and Collector to Chief Secretary and then Whole-time Dy. Chairman of the Chief Minister’s Advisory Council, Mr. Rajan has served the Government of Rajasthan in key sectors including Agriculture and Rural Development, Industry (including MSME), Infrastructure (including Roads and Energy), Financial Services, General Administration and Business Management et al. Mr. Rajan has served on a number of inter-disciplinary teams for review of World Bank projects, and also as a Consultant to the World Bank on a Study on Farmer Participation in Agricultural Research and Extension System. Mr. Rajan is currently serving as a Government of India appointed Non-Executive Chairman of Infrastructure Leasing & Financial Services Limited and was also its Managing Director from April 2019 to October 2022. Mr. Rajan has a post graduate degree in History from St. Stephen’s College, University of Delhi and is a retired IAS officer of the 1978 Batch.