Gaurang Shah heads Life Insurance, Asset Management
(Domestic and International) and the International business of the Kotak Mahindra Group. Gaurang integrates the domestic and
international asset management businesses of the Group, helping the businesses better leverage cross synergies and seamlessly coalesce efforts to the benefit of domestic and international customers alike. The international subsidiaries of Kotak Mahindra Bank manage a wide range of India investment funds through which overseas investors can invest in India.
Prior to this, Gaurang was the Managing Director of Kotak Mahindra Old Mutual Life Insurance Limited, (a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual plc) among India’s leading Life Insurers. Under his stewardship, the company booked profits for the first time ever in 2009, joining the ranks of the select first private Indian life insurers to book profit, thereby opening a new chapter in the annals of the Private Life Insurance business in India.
Gaurang has close to three decades of rich, multifaceted experience in the Financial Services sector, several of which are with the Kotak Mahindra Group. He has played a stellar role in building the Group’s Consumer Banking and Life Insurance businesses. He has held several positions of high responsibility over the years, including, inter alia, the Head of Retail Assets at Kotak Mahindra Bank. He was also closely associated with Kotak Mahindra Primus (a joint venture between Kotak Mahindra Group and Ford Credit International), among India’s leading automobile finance companies.
Gaurang is a member of The Institute of Chartered Accountants of India, The Institute of Cost and Work Accountants of India, The Institute of Company Secretaries of India, and has completed his M. Com. from the Gujarat University.