Kundapur Vaman Kamath

Kundapur Vaman Kamath was the head of the New Development Bank of BRICS countries. He has been the Chairman of Infosys Limited, the second-largest Indian IT services provider and the Non-Executive Chairman for ICICI Bank, India’s largest private bank. K V Kamath was also the bank’s founder and its Managing Director and CEO from May 1 1996, to his resignation from executive duties on April 30, 2009.

K V Kamath assumed the Chairman of Infosys from N. R. Narayana Murthy on August 21, 2011. He was Chairman until June 2015. Before he was appointed Chairman, He was the company’s non-executive Chairman starting on May 2, 2011.

He has a K V Kamath committee too.

Early Life

K V Kamath was born on December 2, 1947. He was born in Mangalore, Karnataka State. His family comes from Kundapur in Karnataka, as did his dad’s. His name is Vishwanath Kamath. His mother tongue is Konkani, and he speaks Tulu, Kannada and English proficiently. He spent most of his childhood in Mangalore and attended the Kannada-medium state school. After enrollment, the student completed a PUC (Pre-University) that was at the time just one year long and was at St. Aloysius College. After finishing his PUC, he was accepted into the National Institute of Technology Karnataka, Surathkal (known at that time by the name Karnataka Regional Engineering College) to earn a bachelor’s degree with a major in Mechanical Engineering. After having graduated from NIT Surathkal in 1969, I was accepted into the Indian Institute of Management, Ahmedabad (IIM-A) to earn the award of a Post Graduate Diploma in Management.

The Career of K V Kamath

Mr KV Kamath got Post Graduate Certificate in Management at IIM-A in 1971. He began his career at Industrial Credit and Investment Corporation of India (ICICI) in the Project Finance division.

Then, KV Kamath joined the Asian Development Bank, Manila, in 1988. He was employed for various projects across India, China, Indonesia, Bangladesh, Vietnam, and the Philippines. He also served as ADB’s representative ADB on the board of various companies.

Kamath returned to ICICI as managing director and chief executive officer in 1996. 

He expanded the offerings of the ICICI to retail customers and began a series of acquisitions of non-banking finance firms in 1996-98 that resulted in the establishment of ICICI Bank.

K V Kamath was appointed as Non-Executive Chairman of Infosys Limited, the second-largest software exporter Infosys Limited in 2011. In 2015 the year 2015, Kamath was appointed President 2015. Kamath was appointed as the first president of the New Development Bank, the multilateral development bank established by the BRICS countries.

Awards to Mr. KV Kamath

• Padma Bhushan Award in 2008

• Business Leader Award of the Year – The Economic Times, 2007

• Outstanding Business Leader of the Year – CNBC-TV18, 2006

• Businessman of the Year – Business India, 2005

• Asian Business Leader of the Year – Asian Business Leader Award 2001 (CNBC Asia)

• Best CEO for Innovative HR Practices – World HRD Congress

• Finance Man of the Year Award – The Mumbai Management Association

• Most tech-savvy CEO in Asian Banks This is from the Asian Banker Journal of Singapore

• Businessman of the Year – Forbes Asia

An Admirable Personality

During the eight years Kundapur Vaman Kamath worked in the Asian Development Bank (ADB) in the latter part of the 1980s, the bank worked in Indonesia during four of those years. Fast-learning, K V Kamath, an IIM Ahmedabad graduate, became fluent in Indonesia’s national Indonesian language Bahasa Indonesia. A few decades later, Kamath was appointed Chairman of the New Development Bank (NDB) in Shanghai.

During his five-year tenure at NDB, K V Kamath laid the foundation for the new company and increased the size of operations during his five-year stint. When he was done with NDB in 2020, the institution had approved 59 sustainable development and infrastructure projects totalling $18.5 billion across its member countries.

He has also encouraged the raising of funds from BRICS countries and the lending of local currencies, which are central to the strategy of funding. NDB is also considering ways to attract new members. At present, founding members can dilute their shares up to 55 per cent. If the dilution is completed within an initial investment of 10 billion, the total capital could increase by $18 billion. Before NDB Kamath, Kamath had gained the reputation of being an institution-building expert. Within the ICICI Group, the companies ICICI Pru Life, ICICI Lombard, ICICI Securities, ICICI Prudential MF, and ICICI Venture life were developed and expanded. All of these are market leaders, and some are listed.

Conclusion

Kamath was Born on December 2, 1947. He was born in Mangalore, Karnataka. K V Kamath is a member of the Governing Boards for several educational institutions, such as those at the Indian Institute of Management Ahmedabad, Indian School of Business, National Institute of Bank Management, Pandit Deendayal Petroleum University as well as the Gandhinagar Manipal Academy of Higher Education. He is the Chairman of Governing Board at the Indian Institute of Management Indore. K V Kamath is also an active participant in the National Council of Confederation of Indian Industry (CII). He is also on the board of Schlumberger, the Houston-based oil services company, and Lupin, an Indian pharmaceutical producer.