• He replaces Hasmukh Adhia, a retired Indian Administrative Service (IAS) officer and former Secretary of Ministry of Finance(MoF), who had been serving as the non-executive chairman of GIFT City since June 19, 2023.

About Uday Suresh Kotak:
Profile: He is one of India’s most distinguished bankers and entrepreneurs, renowned as the founder of Kotak Mahindra Bank Limited(KMBL), one of the nation’s top private-sector banks.
Previous roles: He is the Non-Executive Non-Independent Director of KMBL and served as Managing Director (MD) & Chief Executive Officer (CEO) until 1 September 2023.
Awards: He received Padma Bhushan in 2026 in the field of Trade and Industry.