K. V. Kamath
| Kundapur Vaman Kamath | |
|---|---|
 | |
| Born |
2 December 1947 Mangalore, Karnataka, India |
| Alma mater |
NIT Karnataka IIM Ahmedabad |
| Occupation |
Independent director at Infosys Former Chairman of ICICI Bank |
| Spouse(s) | Rajalaxmi |
| Children |
Ajay Kamath Ajnya Kamath Pai |
Kundapur Vaman Kamath, commonly referred to as K.V. Kamath, has served as the chairman of Infosys Limited, the second-largest Indian IT services company, and as the Non-Executive Chairman of ICICI Bank, India's largest private bank. Kamath also served as ICICI Bank's managing director and CEO from 1 May 1996 until his retirement from executive responsibilities on 30 April 2009.[1]
Kamath took charge as the Chairman of Infosys from N R Narayana Murthy on 21 August 2011.[2] 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 and the Indian pharmaceutical manufacturer Lupin. He is also a member of the Board of Governors of the Pandit Deendayal Petroleum University.
Early life
Kamath was born on 2 December 1947 in a Konkani speaking Gaud Saraswat Brahmin family (GSB) in Mangalore Karnataka, where he spent most of his early years. After completing Higher Secondary and Pre-University from St. Aloysius College, he joined National Institute of Technology Karnataka, Surathkal (formerly known as Karnataka Regional Engineering College) for a Bachelors Degree in Mechanical Engineering. After graduating from NIT Surathkal 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) 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.[3]
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.
On 2 May 2011, he was appointed as Non-Executive Chairman of the second-largest software exporter, Infosys Ltd. (earlier Infosys Technologies Ltd.).[4]
He currently is a Lead independent director at Infosys[5] 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.[6]
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, and the Gandhinagar Manipal Academy of Higher Education. He is the Chairman of Governing Board at Indian Institute of Management Indore.
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
- Most e-savvy CEO amongst Asian Banks – The Asian Banker Journal of Singapore[7]
- Finance Man of the Year Award – The Mumbai Management Association[7]
- Best CEO for Innovative HR Practices – World HRD Congress[8]
- Asian Business Leader of the Year – Asian Business Leader Award 2001 (CNBC Asia)[9]
- Outstanding Business Leader of the Year – CNBC-TV18, 2006[10]
- Businessman of the Year – Business India, 2005[11]
- Business Leader Award of the Year – The Economic Times, 2007[12]
- Businessman of the Year – Forbes Asia[13]
- Padma Bhushan Award from the Indian government – 2008[14]
References
- ↑ Kundapur Vaman Kamath Profile on Forbes
- ↑ IIFL: KV Kamath: Infosys may spend US$1bn on acquisitions
- ↑ Kundapur Vaman Kamath – the force behind ICICI's rise
- ↑ "K.V. Kamath is Infosys chairman; Shibulal, the new CEO and MD". The Hindu. Retrieved 11 September 2012.
- ↑ http://www.infosys.com/about/management-profiles/Pages/index.aspx?category=Board%20of%20Directors
- ↑ "Vishal Sikka to be CEO and MD of Infosys, Kamath Non-Executive Chairman". news.biharprabha.com. Retrieved 12 June 2014.
- ↑ 7.0 7.1 "Kamath made banking cool". 20 December 2008.
- ↑ Awards – Erstwhile ICICI Ltd
- ↑ CNBC Asia Business Leaders Awards 2001
- ↑ Indian Business Leader Awards: Who are the winners?
- ↑ "K V Kamath is Business Indias businessman of the year". 1 December 2005.
- ↑ Business Leader of the year: K V Kamath
- ↑ K V Kamath is Forbes Asia businessman of the year
- ↑ The President of India has approved the names of the following persons for conferment of the Padma Awards-2008
External links
- Official profile
- Profile of K.V. Kamath
- K.V. Kamath speaks on Managing Change
- How K V Kamath built ICICI into a global giant