Mumbai, February 20, 2025.

Kotak Mahindra Bank today announced the appointments of Vyomesh Kapasi as the new Head of Products - Consumer Bank at Kotak Mahindra Bank and Shahrukh Todiwala as the new MD & CEO of Kotak Mahindra Prime Limited (KMPL).

Announcing the changes, Ashok Vaswani, MD & CEO of Kotak Mahindra Bank, said, "These appointments underscore the deep bench strength at Kotak and our commitment to fostering leadership talent. Vyomesh's extensive experience and proven track record in driving growth and innovation will be invaluable as we continue to enhance our consumer products. Shahrukh's deep understanding of the vehicle financing market will ensure that KMPL continues to thrive and deliver exceptional value to our clients and stakeholders.''

Vyomesh joins Kotak Mahindra Bank from KMPL, where he served as the MD & CEO and led the company to new heights. With over three decades of experience in the financial sector, Vyomesh brings a wealth of knowledge and expertise to his new role.

Shahrukh Todiwala takes over from Vyomesh Kapasi as the new MD & CEO of Kotak Mahindra Prime Limited. Shahrukh has been with KMPL since 1995, and currently heads Wholesale and Retail vehicle finance businesses at KMPL. He has played a key role in the company's strategic initiatives and has a deep understanding of the vehicle financing market