MUMBAI, Feb 13 (Reuters) - India's western state of Gujarat has appointed veteran banker Uday Kotak as the chairman of GIFT City, replacing former bureaucrat Hasmukh Adhia, according to a notice by ...

Uday Kotak appointed chairman of Gujarat International Finance Tec-City Company Ltd. (GIFT City), replacing Dr. Hasmukh Adhia. Discover more.

Gujarat has appointed veteran banker Uday Kotak as the chairman of GIFT City, replacing former bureaucrat Hasmukh Adhia, according to a notice by the state government.

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Uday Kotak succeeds Dr Hasmukh Adhia, IAS (Retd.), who had been serving as Chairman (Non-Executive) of the Board of Directors of GIFT City since June 19, 2023.

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In 2023, Kotak stepped down as CEO and managing director of the bank, four months ahead of his retirement and is now a non-executive director on the board.