K. V. Kamath
{{Short description|Indian banker}}
{{EngvarB|date=September 2014}}
{{Use dmy dates|date=October 2015}}
{{Infobox officeholder
| name = Kundapur Vaman Kamath
| image = The President, New Development Bank, Shri K.V. Kamath addressing a press conference after the Second National Development Bank (NDB) Annual Board of Governors’ Meeting, in New Delhi on April 01, 2017 (Cropped).jpg
| caption =
| office1 = 1st Chair of the New Development Bank
| term_start1 = 11 May 2015
| term_end1 = 27 May 2020
| predecessor1 = Office established
| successor1 = Marcos Prado Troyjo{{cite news |url =https://www.businesstoday.in/current/corporate/kv-kamath-demits-office-as-ndb-president-brazil-marcos-troyjo-to-replace/story/405429.html|title =KV Kamath demits office as NDB President, Brazil's Marcos Troyjo to replace|publisher =Business Today|quote =Kamath, 72, was the non-executive Chairman of the ICICI bank beside Chairman of the IT bellwether Infosys before joining the NDB.|location =New Delhi |date =May 30, 2020|website =businesstoday.in|access-date =June 4, 2020}}
| birth_date = {{birth date and age|df=yes|1947|12|02}}
| birth_place = Mangalore, Province of Madras, Dominion of India (present-day Karnataka, India)
| death_date =
| death_place =
| alma_mater = NITK
IIM Ahmedabad
| occupation = President of New Development Bank
former Independent director at Infosys
former Chairman of ICICI Bank
| spouse = Rajalaxmi
| children = Ajay Kamath (son)
Ajnya Kamath Pai (daughter)
| parents =
| awards = Padma Bhushan
| networth =
}}
{{family name hatnote|Kundapur|Vaman Kamath or Kamath|Indian name|lang=Toponymic}}Kundapur Vaman Kamath is the current Independent Director and Non-Executive Chairman of Jio Financial Serviceshttps://www.jiofinancialservices.com/our-company
Kamath took charge as the Chairman of Infosys from N. R. Narayana Murthy on 21 August 2011.[http://www.indiainfoline.com/Markets/News/KV-Kamath-Infosys-may-spend-US-dollar-1bn-on-acquisitions/5224938565 IIFL: KV Kamath: Infosys may spend US$1bn on acquisitions] He remained Chairman till June 2015.{{cite news |title=KV Kamath steps down from Infosys, R Seshasayee appointed |url=https://economictimes.indiatimes.com/tech/ites/kv-kamath-steps-down-from-infosys-r-seshasayee-appointed-non-executive-chairman/articleshow/47553476.cms |access-date=9 November 2018 |publisher=The Economic Times}} Before serving in this position, he was the Non-Executive Chairman of the company from 2 May 2011.
Kamath also serves as an independent director on the boards of the Houston-based oil services company Schlumberger since 2010, and the Indian pharmaceutical manufacturer Lupin. He is also a member of the Board of Governors of the Pandit Deendayal Petroleum University.{{Cite news |date=2022-11-04 |title=Reliance appoints K V Kamath as independent director |work=The Times of India |url=https://timesofindia.indiatimes.com/reliance-appoints-k-v-kamath-as-independent-director/articleshow/95306036.cms |access-date=2023-09-14 |issn=0971-8257}}
Early life
Kamath was born on 2 December 1947 in Mangalore, Karnataka State.{{cite news |title=Kamath, the force behind ICICI's rise |url=https://www.deccanherald.com/content/157931/kamath-force-behind-icicis-rise.html |access-date=9 November 2018 |publisher=Deccan Herald}} His family hails from the town of Kundapur in Karnataka, and his father's name was Vishwanath Kamath. His mother-tongue is Konkani and he also speaks Tulu, Kannada and English fluently. He spent most of his early years in Mangalore, and attended a Kannada-medium government school.{{Cite web |last=Singh |first=Hemant |date=2020-06-04 |title=Kundapur Vaman Kamath: Biography, Career and Achievements |url=https://www.jagranjosh.com/general-knowledge/biography-career-and-achievements-of-kv-kamath-1591157486-1 |access-date=2023-09-14 |website=Jagranjosh.com}}
After matriculation, he completed his PUC (Pre-University), which at that time was only one year in length, at St. Aloysius College. After completing his PUC, he joined National Institute of Technology Karnataka, Surathkal (known at that time as Karnataka Regional Engineering College) for a bachelor's degree in Mechanical Engineering. After graduating from NIT Surathkal in 1969, he joined the Indian Institute of Management, Ahmedabad (IIM-A) for a Post Graduate Diploma in Management.{{Cite news |last=G Pinto |first=Stanley |date=2011-05-03 |title=For people of Kundapur, everything's in the name |work=The Times of India |url=https://timesofindia.indiatimes.com/city/mangaluru/for-people-of-kundapur-everythings-in-the-name/articleshow/8154834.cms |access-date=2023-09-14 |issn=0971-8257}}
Career
After graduating from IIM Ahmedabad in 1971, Kamath started his career with ICICI (Industrial Credit and Investment Corporation of India) in the Project Finance division and moved on to different departments to gather experience, including establishing new business lines such as leasing, venture capital, and credit ratings as well as handling general management responsibilities. As part of his general management responsibilities, he initiated and implemented ICICI's computerisation program. Substantial investments in technology from those early years have resulted in systems that are today a competitive advantage for ICICI. Kamath has generally been credited with expanding ICICI's businesses to evolve it into a technology-enabled financial organisation catering to the financial needs of corporate and retail customers.[http://articles.economictimes.indiatimes.com/2011-04-30/news/29490903_1_kundapur-vaman-kamath-icici-group-banker Kundapur Vaman Kamath – the force behind ICICI's rise]{{dead link|date=October 2024|bot=medic}}{{cbignore|bot=medic}}
In 1988, Kamath joined the Asian Development Bank, Manila in their Private Sector department.{{Cite news |date=2015-05-11 |title=Kamath to head BRICS bank |language=en-IN |work=The Hindu |url=https://www.thehindu.com/news/national/KV-Kamath-appointed-BRICS-bank-president/article60164896.ece |access-date=2023-09-14 |issn=0971-751X}} His principal work experience at ADB was in various projects in China, India, Indonesia, Philippines, Bangladesh, and Vietnam. He was the ADB representative on the boards of several companies.{{Cite web |last=Ghosh |first=Shayan |date=2022-11-04 |title=KV Kamath to head RIL's financial services biz |url=https://www.livemint.com/companies/news/kv-kamath-to-head-ril-s-financial-services-biz-11667585340092.html |access-date=2023-09-14 |website=mint |language=en}}
In May 1996, Kamath returned to ICICI as its managing director and chief executive officer. Kamath was instrumental in expanding the Group's services to the retail customers. He initiated a process of a series of acquisitions of non-banking finance companies in 1996–98 and led the way to the formation of ICICI Bank.
On 2 May 2011, he was appointed as Non-Executive Chairman of the second-largest software exporter, Infosys Ltd. (earlier Infosys Technologies Ltd.).{{cite web|title=K.V. Kamath is Infosys chairman; Shibulal, the new CEO and MD|url=http://www.thehindubusinessline.com/industry-and-economy/info-tech/article1981326.ece|work=The Hindu|access-date=11 September 2012}}
He currently is a Lead independent director at Infosys{{cite web|url=http://www.infosys.com/about/management-profiles/Pages/index.aspx?category=Board%20of%20Directors|title=Infosys - Management Profiles - Board of Directors|first=Infosys|last=Limited|access-date=9 November 2016}} after having stepped down from chairmanship to make way for N. R. Narayana Murthy. He is designated to be non-executive chairman of Infosys Board, effective 11 October 2014.{{cite web|title=Vishal Sikka to be CEO and MD of Infosys, Kamath Non-Executive Chairman|url=http://news.biharprabha.com/2014/06/vishal-sikka-to-be-ceo-and-md-of-infosys-from-august-1/|publisher=news.biharprabha.com|access-date=12 June 2014}}
After being appointed as the first chief of the New Development Bank set up by the BRICS, he went on to step down from this post of Chairman and Independent Director effective 5 June 2015.{{cite web|url=http://epaper.indianexpress.com/515421?show=touch#page/19/3|title=Infy appoints Seshasayee as non-exec chairman|work=The Indian Express|date=6 June 2015|access-date=6 June 2015|archive-date=9 June 2015|archive-url=https://web.archive.org/web/20150609223204/http://epaper.indianexpress.com/515421?show=touch#page/19/3|url-status=dead}}
He is appointed as the Chairman of the newly constituted development finance institution National Bank for Financing Infrastructure and Development (NaBFID).{{cite web|url=https://www.livemint.com/companies/news/kv-kamath-appointed-chairman-of-nabfid-11635349019462.html|title=K.V. Kamath appointed chairman of NaBFID |date=27 October 2021 }}
He is also the Chairman and Independent Director of Jio Financial Services Limited.{{Cite web |title=Reliance Industries Limited – Retail Markets {{!}} Telecom {{!}} Petroleum Refining & Marketing {{!}} Petrochemicals {{!}} Hydrocarbon Exploration & Production {{!}} Jio 4G {{!}} Reliance Shares |url=https://www.ril.com/about/board-of-directors/k-v-kamath |access-date=2024-11-13 |website=Reliance Industries Limited |language=en}}
Board membership
Kamath is a member of the Governing Boards of several educational institutions, including the Indian Institute of Management Ahmedabad, Indian School of Business, National Institute of Bank Management, Pandit Deendayal Petroleum University, Gandhinagar and the Manipal Academy of Higher Education. He was the Chairman of Governing Board at Indian Institute of Management Indore, until his appointment to the New Development Bank of BRICS countries. Deepak Satvalekar replaced him.{{Cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/deepak-m-satwalekar-appointed-as-chairman-of-board-of-governors-of-iim-indore/articleshow/56966969.cms|title = Deepak M. Satwalekar appointed as Chairman of Board of Governors of IIM Indore|newspaper = The Economic Times|last1 = Basu|first1 = Sreeradha}}
Kamath is also a member of the National Council of Confederation of Indian Industry (CII).
He also serves on the boards of Schlumberger, Houston-based oil services company, and Lupin, an Indian pharmaceutical manufacturer.
Awards
- Padma Bhushan Award from the Indian government – 2008{{cite web |title=Press Information Bureau |url=http://pib.nic.in/newsite/erelease.aspx?relid=34924 |access-date=9 November 2016}}
- Most e-savvy CEO amongst Asian Banks – The Asian Banker Journal of Singapore{{cite news|url=http://articles.timesofindia.indiatimes.com/2008-12-20/india-business/27940276_1_icici-bank-ceo-retail-credit-kundapur-vaman-kamath|archive-url=https://archive.today/20130103211033/http://articles.timesofindia.indiatimes.com/2008-12-20/india-business/27940276_1_icici-bank-ceo-retail-credit-kundapur-vaman-kamath|url-status=dead|archive-date=3 January 2013|work=The Times of India|title=Kamath made banking cool|date=20 December 2008}}
- Finance Man of the Year Award – The Mumbai Management Association
- Best CEO for Innovative HR Practices – World HRD Congress{{cite web|url=http://www.icicibank.com/aboutus/awards-11.html|title=Sitemap|access-date=9 November 2016|archive-date=26 July 2013|archive-url=https://web.archive.org/web/20130726011720/http://www.icicibank.com/aboutus/awards-11.html|url-status=dead}}
- Asian Business Leader of the Year – Asian Business Leader Award 2001 (CNBC Asia)[https://www.cnbc.com/id/43653018 CNBC Asia Business Leaders Awards 2001]{{dead link|date=November 2024|bot=medic}}{{cbignore|bot=medic}}
- Outstanding Business Leader of the Year – CNBC-TV18, 2006{{cite web|url=http://www.moneycontrol.com/news/business/indian-business-leader-awards-who-arewinners_255072.html|title=Indian Business Leader Awards: Who are the winners?|access-date=9 November 2016}}
- Businessman of the Year – Business India, 2005{{cite news|url=http://www.domain-b.com/finance/banks/icici_bank/20051201_kamath.html|title=K V Kamath is Business India's businessman of the year|date=1 December 2005}}
- Business Leader Award of the Year – The Economic Times, 2007[http://economictimes.indiatimes.com/features/business-leader-of-the-year-k-v-kamath/articleshow/2429981.cms Business Leader of the year: K V Kamath]
- Businessman of the Year – Forbes Asia{{cite web|url=http://www.rediff.com/money/2007/nov/29kamath.htm|title=K V Kamath is Forbes Asia businessman of the year|access-date=9 November 2016}}
References
{{reflist|2}}
External links
- [http://www.icicibank.com/pfsuser/aboutus/newsroom/executivebio/kvkresume.htm Official profile] {{Webarchive|url=https://web.archive.org/web/20100102112303/http://www.icicibank.com/pfsuser/aboutus/newsroom/executivebio/kvkresume.htm |date=2 January 2010 }}
- [http://www.daijiworld.com/chan/achievers_view.asp?a_id=39 Profile of K.V. Kamath]
- [http://us.rediff.com/money/2005/feb/09bspec.htm K.V. Kamath speaks on Managing Change]
- [http://www.rediff.com/money/2007/jun/09icici.htm How K V Kamath built ICICI into a global giant]
{{ICICI Group}}
{{PadmaBhushanAwardRecipients 2000–09}}
{{DEFAULTSORT:Kamath, K. V.}}
Category:Businesspeople from Mangalore
Category:Indian Institute of Management Ahmedabad alumni
Category:National Institute of Technology, Karnataka alumni
Category:Recipients of the Padma Bhushan in trade and industry