K. V. Kamath
Encyclopedia
Kundapur Vaman Kamath is the Chairman of Infosys Limited, the second-largest IT services company in India
, and Non-Executive Chairman of ICICI Bank
, India's largest private bank. 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.
On 30th April 2011, K V Kamath was announced to replace Mr. N R Narayana Murthy as the chairman of Infosys. Murthy's last day as chairman of Infosys was August 20 2011, Kamath took charge as the chairman from August 21, 2011.
Moreover, Mr. Kamath is currently an independent Director of Houston-based oil services company Schlumberger
and Indian pharmaceutical manufacturer Lupin
.
) 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
.
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
.
Now, on 2nd may 2011 he is appointed as non-executive chairman of the second-largest software exporter, Infosys Ltd (earlier Infosys Technologies Ltd).
, 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). KV Kamath was elected to the Board of Directors on Infosys Ltd on May 2, 2009 and on 30th April 2011 it was announced that he will take the Chairmanship of Infosys Limited on 21st August 2011.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, and Non-Executive Chairman of ICICI Bank
ICICI Bank
ICICI Bank Ltd. is India's second largest financial services company headquartered in Mumbai, India. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of...
, India's largest private bank. 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.
On 30th April 2011, K V Kamath was announced to replace Mr. N R Narayana Murthy as the chairman of Infosys. Murthy's last day as chairman of Infosys was August 20 2011, Kamath took charge as the chairman from August 21, 2011.
Moreover, Mr. Kamath is currently an independent Director of Houston-based oil services company Schlumberger
Schlumberger
Schlumberger Limited is the world's largest oilfield services company. Schlumberger employs over 110,000 people of more than 140 nationalities working in approximately 80 countries...
and Indian pharmaceutical manufacturer Lupin
Lupin
Lupinus, commonly known as Lupins or lupines , is a genus in the legume family . The genus comprises about 280 species , with major centers of diversity in South and western North America , and the Andes and secondary centers in the Mediterranean region and Africa Lupinus, commonly known as Lupins...
.
Early life
Kamath was born on December 2, 1947 in a 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 School, he joined the Karnataka Regional Engineering College (now called National Institute of Technology KarnatakaNational Institute of Technology Karnataka
National Institute of Technology Karnataka , formerly known as Karnataka Regional Engineering College , is an autonomous university along the western shores of India. It was founded in 1960 is today one of the 30 National Institutes of Technology in India and is recognized as an Institute of...
) in Surathkal
Surathkal
Surathkal is a locality under Mangalore City Corporation located in the Dakshina Kannada district, Karnataka state, India...
for a Bachelors Degree in Mechanical Engineering
Mechanical engineering
Mechanical engineering is a discipline of engineering that applies the principles of physics and materials science for analysis, design, manufacturing, and maintenance of mechanical systems. It is the branch of engineering that involves the production and usage of heat and mechanical power for the...
. After graduating from KREC in 1969, he joined the Indian Institute of Management, Ahmedabad (IIM-A) for a Masters Degree in Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
.
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 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 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. 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
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
. 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
ICICI Bank
ICICI Bank Ltd. is India's second largest financial services company headquartered in Mumbai, India. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of...
.
Now, on 2nd may 2011 he is appointed as non-executive chairman of the second-largest software exporter, Infosys Ltd (earlier Infosys Technologies Ltd).
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 BusinessIndian School of Business
The Indian School of Business is a business school in Hyderabad, Andhra Pradesh, India and is widely recognized as one of the top business schools in the world. It offers a Post Graduate Programme in Management , a Fellow Program in Management, and a Post Graduate Programme in Management for Senior...
, National Institute of Bank Management, Pandit Deendayal Petroleum University, Gandhinagar Manipal Academy of Higher Education
Manipal Academy of Higher Education
Manipal University, formerly known as Manipal Academy of Higher Education or MAHE for short, is a deemed university in Manipal, Karnataka, India. It has over 20,000 students from over 50 countries...
. Kamath is also a Member of the National Council of Confederation of Indian Industry
Confederation of Indian Industry
The Confederation of Indian Industry is a non-government, not-for-profit, industry-led and industry-managed organisation, seeking to play a proactive role in India’s development process. The organisation works to create and sustain an environment conducive to the growth of industry in India,...
(CII). KV Kamath was elected to the Board of Directors on Infosys Ltd on May 2, 2009 and on 30th April 2011 it was announced that he will take the Chairmanship of Infosys Limited on 21st August 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 AsiaCNBC AsiaCNBC Asia is a business news television channel in Asia. A subsidiary of NBC Universal, it is the Asian service of the Consumer News and Business Channel . Its programmes originate from Singapore, Hong Kong and Sydney and has bureaus in Tokyo and Seoul....
) - Outstanding Business Leader of the Year - CNBC-TV18CNBC-TV18CNBC-TV18 is a business news channel broadcast in India based in Mumbai. The channel was launched in India on December 7, 1999. It was the first business news channel launched in India and still the leads that genre....
, 2006 - Businessman of the Year - Business IndiaBusiness IndiaBusiness India is a fortnightly business news magazine founded by Ashok Hotchand Advani. It was founded in 1978 and is published out of Mumbai, India. , the magazine had a circulation of 88,100 copies....
, 2005 - Business Leader Award of the Year - The Economic TimesThe Economic TimesThe Economic Times is an English-language Indian daily newspaper published by the Bennett, Coleman & Co. Ltd.. The Economic Times was started in 1961. It is the most popular and widely read financial daily in India, read by more than 8 lakh people...
, 2007 - Businessman of the Year - Forbes Asia
- Padma BhushanPadma BhushanThe Padma Bhushan is the third highest civilian award in the Republic of India, after the Bharat Ratna and the Padma Vibhushan, but comes before the Padma Shri. It is awarded by the Government of India.-History:...
award from the Indian government - 2008