Kotak Mahindra Investments Ltd. announced that Chief Financial Officer Siddarth Gandotra has resigned from his position, with Hiren Vora taking over from September 1, 2025. According to an exchange filing from the company on Thursday, Gandotra's resignation will take effect from the closing hours of August 31, 2025, with Vora formally assuming the role from September 1. Vora currently serves as the firm's Head of Treasury and is a qualified chartered accountant. Notably, Vora has not been part of the Kotak Mahindra Group for the past 18 years.
In his resignation letter, Gandotra expressed gratitude for his tenure at Kotak Mahindra Investments, stating that his journey has been 'immensely enriching and rewarding'. As reported by the company, he highlighted the role provided **'invaluable learning opportunities, professional growth, and the privilege of working alongside exceptional colleagues'. Gandotra also expressed sincere gratitude to the Board and the Audit Committee for their guidance, encouragement, and confidence throughout his tenure. 'I am grateful for the trust, responsibility, and support that I have received throughout my tenure,' he added in his resignation statement.
Kotak Mahindra Investments shares gained 1.80% to settle at ₹424.20 at the end of trading, outperforming the NSE Nifty 50's 0.48% uptick. According to market data, the stock opened at ₹415.75 compared to its previous close of ₹416.70. During the trading session, Kotak Mahindra Investments shares moved in the range of ₹415.00 to ₹427.70. Looking at its 52-week performance, the stock has touched a low of ₹345.50 and a high of ₹453.20, with the stock up 7.90% on a year-on-year basis.
The market capitalization of Kotak Mahindra Investments stands at ₹4.05 lakh crore, with a P/E ratio of 4.25. As reported by the company, this financial data provides context for the bank's current market position following the leadership transition announcement.
