| Rana Kapoor | |
|---|---|
Rana Kapoor, CEO of Yes Bank, at the 2010 Horasis Global India Business Meeting |
|
| Born | September 9, 1957[1] New Delhi |
| Education | Bachelor's degree in Economics (Honours) MBA |
| Alma mater | University of Delhi Rutgers University |
| Organization | Yes Bank |
| Spouse | Bindhu |
| Children | 3 daughters (Radha, Raakhe, Roshini)[1] |
Rana Kapoor (born 9 September 1957) is an Indian entrepreneur, who is the founder, CEO and MD of YES Bank.
Rana Kapoor completed his schooling from The Frank Anthony Public School, New Delhi in 1973. He studied at the Shri Ram College of Commerce, and obtained his Bachelor's degree in Economics (Honours) from the University of Delhi in 1977. He then went on to obtain an MBA degree from the Rutgers University in 1980.[2]
Kapoor applied to three banks after passing out of Rutgers: Citi, ANZ Grindlays and Bank of America. [3] He joined Bank of America and worked there for 16 years, managing the Bank's corporate, government and financial institution clients. He was awarded the Chief Executive Officer's Award by the Chairman of Bank of America for his performance. After leaving Bank of America, Rana served as the General Manager & Head of ANZ Grindlays' Investment Bank (ANZIB) for two years.
Later, Kapoor served as the CEO of Rabo India Finance Ltd. In February 1995, a top team from Rabobank arrived in India, scouting for opportunities.[3] Rana Kapoor, his brother-in-law Ashok Kapur and Harkirat Singh made a proposal to the visiting team for two joint ventures: a non-banking financial company and a bank. During the next year, Kapoor held secret meetings with the Rabobank executives in India, Singapore and Holland. The NBFC was set up 1997, with the three Indian partners chipping in with an equity capital of Rs 9 crore each. In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank.[3]
In 2003-04, he and Ashok Kapur established Yes Bank with the vision of "Building the Best Quality Bank of the world in India" by 2015.[2] Rana Kapoor and Ashok Kapoor held 26% stake in Yes bank, while Rabobank International held 20% stake.[4] Mr. Kapoor has recently been ranked as the 3rd Most Valuable Indian CEO of the Year by Business World magazine in November 2009. He has earlier received the Distinguished Entrepreneurship Award at the PHD Chamber Awards for Excellence 2007. In 2005, he was declared Ernst & Young's Start-up Entrepreneur of the Year.[5]