Rana Kapoor
| Mr. Rana Kapoor | |
|---|---|
| Born |
9 September 1957[1] New Delhi |
| Nationality | Indian |
| Alma mater |
University of Delhi Rutgers University |
| Spouse(s) | Bindu Kapoor |
| Children | 3 daughters (Radha, Rakhee & Roshini)[1] |
Rana Kapoor (born 9 September 1957) is the founder, managing director and CEO of Yes Bank, which is a private sector bank in India, with its registered office in Mumbai. He has been an entrepreneur since 2003.
Early life and education
Kapoor was born and was brought up in New Delhi. He completed his schooling from Frank Anthony Public School in 1973 and went on to earn a Bachelor’s degree (in Economics Honours) from Shri Ram College of Commerce (1977). He then obtained his MBA degree from Rutgers’ University in New Jersey, USA (1980).[2] Kapoor received an Honorary Fellowship from All India Management Association (AIMA), the President’s Medal from Rutgers University, a "Doctorate" in Science (Honoris Causa) from G B Pant University of Agriculture & Technology.
Banking career
In 1980, Kapoor joined Bank of America (BoA) as a Management Trainee. In 1990 he was presented the Eagle Pin by the Chairman of Bank of America. He eventually went on to head the Bank’s Wholesale Banking business which included several assignments in Asian countries. Kapoor worked at BoA for about 16 years, till 1996, managing the Bank's corporate, government and financial institution clients. He was awarded the Chief Executive Officer's Award by the Chairman of Bank of America for his performance. In 1996, Kapoor joined ANZ Grindlays Investment Bank (ANZIB) as General Manager & Country Head.[3] He worked there for two years, till 1998.
In February 1995, a team from Rabobank arrived in India, scouting for opportunities.[3] Kapoor, his brother-in-law Ashok Kapoor and Harkirat Singh made a proposal to the visiting team for two joint ventures: a non-banking financial company and a bank. During the next year, Kapoor held meetings with the Rabobank executives in India, Singapore and the Netherlands. The NBFC was set up 1997, with the three Indian partners chipping in with an equity capital of ₹ 9 crore each. In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank.[3] In 2003, the team was granted a banking licence by the Reserve Bank of India (RBI) to set up Yes Bank. They established Yes Bank with the vision of "Building the Best Quality Bank of the world in India" by 2015. Rana Kapoor held 26% stake in Yes Bank, Ashok Kapoor held 11%, and Rabobank International held 20% stake.[4] Ashok Kapoor died in 2008.[5]
In 2005, Kapoor was declared Ernst & Young's Start-up Entrepreneur of the Year.[6] As of 2012, Kapoor is the Managing Director and CEO of Yes Bank.[3]
Personal life
Kapoor resides in Mumbai, and is married to Bindu Kapoor. Have 3 daughters Radha, Rakhee & Roshini[7]
References
- 1 2 Geoff Hiscock (2007). India's global wealth club (illustrated ed.). John Wiley and Sons. p. 255. ISBN 978-0-470-82238-8.
- ↑ "Profile: Rana Kapoor". Banking Technology Conference & Expo. Indian Banks' Association. Retrieved 2010-06-20.
- 1 2 3 4 "Lunch with BS: Rana Kapoor". Business Standard. 8 March 2005. Retrieved 2010-06-20.
- ↑ "Rana Kapoor to exit Rabo, take up Yes Bank reins". Rediff.com. 2003-11-06. Retrieved 2010-06-20.
- ↑ "Late Ashok Kapur". Times Of India. 28 Nov 2008. Retrieved 13 August 2012.
- ↑ "'The harder you work, the luckier you get'". Rediff.com. 2010-03-15. Retrieved 2010-06-20.
- ↑ "Radha, Rakhee & roshan Roshini". Retrieved 4 April 2012.