Biography of Mr. KV Kamat
Kundapur Vaman Kamat, today's technology banker, was born on December 2, 1947 in Mangalore (Karnataka) into a Gaud Saraswat Brahmin family (GSB). This is where he spent most of his childhood. After completing his higher secondary and preuniversity at St. Aloysius Schools, he completed his bachelor's degree. He was drawn towards technology and machines with his passion. He studied at the Karnataka Regional College of Engineering, known as the National Institute of Technology Karnataka, Suratkal to earn a bachelor's degree in mechanical engineering. He graduated from KREC in 1969 and joined the Indian Institute of Management Ahmedabad (IIMA) to earn a Masters in Business Administration. It helped sharpen his managerial skills.
Seven years after independence, India felt the need for rapid development and industrialization was the only solution. Industrial Credit and Investment Corporation of India (ICICI) is thankful to the World Bank and Government of India at this time. Sixteen years later in 1971 a new batch of management graduates was recruited. It added a new dimension and vibrancy to the corporation. Kundapur Vaman Kamat is a 24-year-old management graduate from Ahmedabad. Kamat became a legend and redefined Indian banking.
In 1971, Mr. Kamath was a trainee manager in the project finance department at ICICI. He was a quick learner and showed entrepreneurial skills early in his career. N Vaghul, who was the chairman of ICICI at the time, recalled interacting with Kamat within a few months of his joining. I was in the leasing department at the time and pretty much decided he would be my successor. In 1996, ICICI appointed its CEO and Managing Director, Mr. Adopted by KV Kamat.
With full confidence and in his vision to make ICICI a market leader in the future, Mr. Kamat took crucial steps that would influence the fortunes of the financial institution. In September 1999, after three years as CEO and Managing Director of ICICI Ltd, Mr. KV Kamat started developing aggressive growth plans. ICICI Ltd was listed on the New York Stock Exchange (NYSE) in 1999. It was the first Indian financial institution to follow the path of American Depositary Receipts.
Kamath could see the problems in HRD at ICICI and had to overcome them for the survival of the company. In an interview, Mr. Kamath stated that he has witnessed revolutionary changes in the performance of ICICI. He said, "It's my habit, learning from everybody, and when I was reading an article in a magazine, I came across the phrase 'parking,' and it gave me the answer I was looking for. You can shake hands with people, but they're still in places where you have to push them forward or out." Keeps working. You can park them in different places to remove any obstructions and keep the flow as per your wish. People are parked all over town. We gave people. Another golden handshake after a year and a half.. Most of the parked people took the handshake and left. By the third time, the job was over.. We learned that the chain of organization should flow freely and no one can stop it.. The organization should be corrected at all times Fireworks and recruitment parking is a very effective tool.
His efforts eventually led to the computerization and reorganization of ICICI. The Asian Banker Journal of Singapore awarded him the title of Asia's most e-savvy CEO. ICICI Bank Limited is still one of the most technologically advanced banking systems in the world. He was awarded the Asian Business Leader Award in 2001.
On 2 May 2011, Infosys Limited (formerly Infosys Technology Limited), the second largest exporter of software, was appointed as Non-Executive Chairman. Founder NR Narayana Murthy previously held this position. "I feel very honored that the board has asked me to be the chairman of Infosys and to take up this responsibility with a deep sense of responsibility. No one will replace Murthy," said an impassioned Mr. Kamath, the former ICICI chief.
After creating the most spectacular growth story of the Indian banking sector in the last 40 years, Mr. Kamat now heads India's second largest IT company. Kamat is the first outsider to land a top job at Infosys and doesn't even have a technical background. However, Mr. Kamath sees no problem with that. He believes that he has minimal control over controls and that the entire company functions as a unit. He believes that Infosys is ready to implement the vision articulated by the management.
Kamath believes that there is a need to sustain the success. Culture is key. It is important to harness the creative spirit of an organization and make it part of its culture.
Shri Kamath has received many awards. He was awarded Padma Bhushan, one of India's most prestigious civilian honors, in 2008, the most prestigious. He also received the Lifetime Achievement Award from NDTV Profit Business Leadership Awards 2008. He received many titles. Forbes Asia and The Economic Times named Mr. Kamath as 'Businessman' in 2007, Business Standard's "Banker of the Year" in 2006 and CNBC-TV18's "Best Business Leaders" in 2006. Business Standard has also presented him with awards. 'Banker' of the Year in 2005 and Business India 'Businessman' of the Year in 2005. CNBC also presented him with the 'Asian Business Leaders of the Years' award in 2001. Banaras Hindu University also awarded him an honorary Ph.D. .
No comments