Uday Kotak, founder, executive vice chairman and MD of Kotak Mahindra Bank, has been named EY World Entrepreneur of the Year 2014 at an awards ceremony held in Monaco’s Salle des Etoiles. He was picked from among the 60 country finalists vying for the title from 51 countries, each of whom has already been named the EY Entrepreneur of the Year in their home countries. The award cited that Kotak set up Kotak Capital Management Finance in 1985. In 2003 the company became the first non-banking finance company in India’s corporate history to be converted into a bank. It has progressed from seed capital of less than $250,000 to an international group with $2.8 billion in revenues. Headquartered in Mumbai, the bank has 605 full-fledged branches across 354 locations across India and international offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore and is considered one of India’s leading financial services conglomerates.