Anyone Know How Legit "Kotak Mahindra" in India is?
Hi,
I may have a family connection who MIGHT be able to help me get a summer position at Kotak Mahindra bank in Mumbai, although it is still highly unlikely. Anyone know how good deal flow is over there/respected it is if somehow I get it? He said that the group he'd help me get into is either retail/commercial banking or private equity & securities, so I'm guessing I'd take the PE group? Do they have a PE group, or what would the "PE & securities" experience involve, because from what I understand, KM is mostly an investment bank and not a PE firm? Unfortunately, investment banking is not an option :(
yes they have a PE group.
Top firm in India. Go for it. cant coment on deal flow but it def has a good reputation in India.
They used to be part of a JV with GS.
Not familiar with India, but KM is the only Indian bank I've ever heard of.
Top i-bank in India as mentioned, previously had a tie up with GS They have a good Real Estate PE group that I know of
Kotak is one of India’s leading banking and financial services institutions. Their alternative assets business focuses on two asset classes– Private Equity & Realty Funds. For more information on the group, you can visit http://www.kotak.com/
Hope this helps! :)
Kotak Mahindra is one of the leading Indian 'retail' banks. I don't think it has a very big presence in IB or Markets. I do hear they have a PE arm. I have worked in India for a bit in IBD and I never heard of Kotak bidding for any of the deals. They do bookrun IPOs and underwrite bonds a lot though, if capital markets is your thing. I'd suggest you go for some well known IBs- almost all of them have set up shop in Mumbai and most have big well established practices now- GS, BAML, Citi, HSBC, CS, UBS, MS, JPM and Nomura to name a few.
The problem is that I don't know anyone at any of those places. In India, at least from what I've seen, the internship culture is virtually non-existent to begin with and half the time people get jobs just by knowing someone. I can try for those bigger banks my senior summer, but it will be an extremely uphill battle given how few people we know at those places. Plus, I'm actually quite interested in cap markets, so who knows, maybe I'll like it?
Also, since you said you've worked in India for IBD, do you know any smaller shops that do well there besides the big multi-nationals?
PM me. I do have details of HR/relevant personnel at some banks which I could pass on. You are an Indian citizen right? I hope you know its very hard to get an Indian work permit as a foreign national. For starters, compensation should be north of $25,000.
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