Friday, February 26, 2010

K. V. KAMATH



Kundapur Vaman Kamath (born December 2, 1947 in Mangalore, Karnataka) is the Non-executive Chairman of ICICI Bank, the largest private bank in India.
Mr Kamath served as ICICI Bank's Managing Director and CEO from May 1, 1996 until his retirement from executive responsibilities on April 30, 2009.
Early life
Kamath is a GSB Konkani born on December 2, 1947, in Mangalore, Karnataka. After completing Higher Secondary and Pre-University from St. Aloysius School, he joined the Karnataka Regional Engineering College in Surathkal for a Bachelors Degree in Mechanical Engineering. After graduating from KREC in 1969, he joined the Indian Institute of Management, Ahmedabad (IIM-A) for a Masters Degree in Business Administration.
Career
After graduating from IIM-A in 1971, Kamath started his career with ICICI (Industrial Credit and Investment Corporation of India), As part of his general management responsibilities he initiated and implemented ICICI's computerisation programme.
Substantial investments in technology from the 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.
In 1988, Kamath joined the Asian Development Bank, Manila in their Private Sector Department. His principal work experience at ADB was in various projects in China, India, Indonesia, Philippines, Bangladesh and Vietnam.
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
Personal life
Kamath presently resides in Mumbai. He is married to Rajalaxmi and has a son, Ajay Kamath and a daughter, Ajnya Kamath Pai. He has two grandsons, Nandan K. Pai and Lakshan K. Pai who reside in the United States.
Board membership
Kamath is a Member of the Governing Board on various educational institutions including the Indian Institute of Management Ahmedabad, Indian School of Business, National Institute of Bank Management and Manipal Academy of Higher Education. Kamath is also a Member of the National Council of Confederation of Indian Industry (CII). KV Kamath was elected to the Board of Directors on infosys Ltd on May 2, 2009, it has been speculated by the media that Mr. Kamath may become the nonexecutive Chairman of Infosys upon Mr Murthy's retirement in 2011.
Awards
§ Most e-savvy CEO amongst Asian banks - The Asian Banker Journal of Singapore
§ Finance Man of the Year award - The Mumbai Management Association
§ Best CEO for Innovative HR practices - World HRD Congress
§ Asian Business Leader of the Year - Asian Business Leader Award 2001 (CNBC Asia)
§ Outstanding Business Leader of the Year - CNBC TV-18, 2006
§ Businessman of the Year - Business India, 2005
§ Business Leader Award of the Year - The Economic Times, 2007
§ Businessman of the Year - Forbes Asia
§ Padma Bhushan award from the Indian government - 2008

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