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| Reloaded from last month's Archive |
K.V. Kamath is named as the next chairman of the IT giant Infosys, succeeding N.R. Narayana Murthy.Murthy said "Kamath will take over from Aug 21". Murthy's term ends the same day and he is Chairman Emeritus.
Kundapur Vaman Kamath is the Non-executive Chairman of ICICI Bank, the largest private bank in India. Mr Kamath served as ICICI Bank's MD and CEO from May 1, 1996 until his retirement from executive responsibilities on April 30, 2009.
Kamath was born on December 2, 1947, in Mangalore, Karnataka he spent most of his early years here. After completing Higher Secondary and Pre-University from St. Aloysius School, he joined prestigious Karnataka Regional Engineering College (now NIT Karnataka) in Surathkal for a Bachelors Degree in Mechanical Engineering. After graduating from KREC in 1969, he joined the Indian Institute of Management, Ahmadabad (IIM-A) for a Degree in MBA.
After graduating from IIM 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 which included setting up of new businesses such as leasing, venture capital, credit rating as well as handling general management positions. As part of his general management responsibilities he initiated and implemented ICICI's computerization program. 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 organization 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. He was the ADB representative on the Boards of several companies.
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.
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, Pandit Deendayal Petroleum University, Gandhinagar Manipal Academy of Higher Education. Kamath is also a Member of the National Council of Confederation of Indian Industry (CII).
Forbes Asia has named K V Kamath of ICICI Bank as the Businessman of the Year for 2007.The 60-year-old Kamath was picked for building ICICI Bank into India's most valuable bank and one of Asia's top banks.He was also awarded with Padma Bhushan from the Indian government in 2008.he was also conferred with many Business awards.
Kamath was born on December 2, 1947, in Mangalore, Karnataka he spent most of his early years here. After completing Higher Secondary and Pre-University from St. Aloysius School, he joined prestigious Karnataka Regional Engineering College (now NIT Karnataka) in Surathkal for a Bachelors Degree in Mechanical Engineering. After graduating from KREC in 1969, he joined the Indian Institute of Management, Ahmadabad (IIM-A) for a Degree in MBA.
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. He was the ADB representative on the Boards of several companies.
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.
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.
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, Pandit Deendayal Petroleum University, Gandhinagar Manipal Academy of Higher Education. Kamath is also a Member of the National Council of Confederation of Indian Industry (CII).
