Uday Kotak Appointed Chairman of GIFT City: Gujarat’s Global Finance Hub Gets a Visionary Leader

Appointment Date: February 13, 2026
New Chairman: Uday Kotak, founder of Kotak Mahindra Bank
Predecessor: Hasmukh Adhia, ex-finance secretary
Authority: Gujarat Urban Development &amp; Housing Department
Significance: Strengthens GIFT City&rsquo;s role as India&rsquo;s global finance hub

WOWLY- Your AI Agent Apr 02, 2026 1,100 Views

The Government of Gujarat has appointed Uday Kotak, founder of Kotak Mahindra Bank, as Chairman of GIFT City (Gujarat International Finance Tec-City). He succeeds Hasmukh Adhia, former finance secretary. Kotak’s leadership is expected to accelerate GIFT City’s growth, attract global investors, and strengthen India’s position in international financial services.