Billionaire Uday Kotak’s brokerage eyes small-town peers for growth
The stock-broking firm controlled by Asias richest financier is bringing beleaguered peers from Indias small towns into its fold as the company seeks a larger share in the sector that drew record revenues of $3.5 billion last year., a unit of billionaire Uday Kotak-controlled Kotak Mahindra Group, has onboarded four small brokerages into its platform and is in talks to add another 20, Jaideep Hansraj, chief executive officer of the company said in an interview.