Rana Kapoor
Encyclopedia
Rana Kapoor is an India
n entrepreneur, who is the founder, CEO
and MD of YES Bank
.
in 1973. He studied at the Shri Ram College of Commerce
, and obtained his Bachelor's degree in Economics (Honours) from the University of Delhi
in 1977. He then went on to obtain an MBA degree from the Rutgers University
in 1980.
Kapoor applied to three banks after passing out of Rutgers: Citi
, ANZ Grindlays and Bank of America
. He joined Bank of America and worked there for 16 years, managing the Bank's corporate, government and financial institution clients. He was awarded the Chief Executive Officer's Award by the Chairman of Bank of America for his performance. After leaving Bank of America, Rana served as the General Manager & Head of ANZ Grindlays' Investment Bank (ANZIB) for two years.
Later, Kapoor served as the CEO of Rabo India Finance Ltd.
In February 1995, a top team from Rabobank
arrived in India, scouting for opportunities. Rana Kapoor, his brother-in-law Ashok Kapur and Harkirat Singh made a proposal to the visiting team for two joint ventures: a non-banking financial company
and a bank. During the next year, Kapoor held secret meetings with the Rabobank executives in India, Singapore and Holland. The NBFC was set up 1997, with the three Indian partners chipping in with an equity capital of Rs 9 crore each. In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank.
In 2003-04, he and Ashok Kapur established Yes Bank
with the vision of "Building the Best Quality Bank of the world in India" by 2015. Rana Kapoor and Ashok Kapoor held 26% stake in Yes bank, while Rabobank
International held 20% stake. Mr. Kapoor has recently been ranked as the 3rd Most Valuable Indian CEO of the Year by Business World magazine in November 2009. He has earlier received the Distinguished Entrepreneurship Award at the PHD Chamber Awards for Excellence 2007. In 2005, he was declared Ernst & Young
's Start-up Entrepreneur of the Year.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n entrepreneur, who is the founder, CEO
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
and MD of YES Bank
Yes Bank
YES Bank Limited is an Indian Bank, engaged in providing a range of banking and financial services. The Bank’s business segments include Treasury, Corporate/Wholesale Banking, Retail Banking, Corporate Finance, Transaction Banking and a host of other Banking services...
.
Biography
Rana Kapoor completed his schooling from The Frank Anthony Public School, New DelhiThe Frank Anthony Public School, New Delhi
The Frank Anthony Public School is a school in New Delhi, India.The school was founded in 1959 by Mr. Frank Anthony who was a member of the Indian constituent assembly and represented the Anglo-Indian committee. The four school buildings, designed by the German architect Mr...
in 1973. He studied at the Shri Ram College of Commerce
Shri Ram College of Commerce
Shri Ram College of Commerce or Shri Ram College or SRCC is a constituent college of the University of Delhi, located in New Delhi, India. SRCC is the leading institute for higher studies in Commerce and Economics in India. It is considered as one of the most prestigious colleges in the...
, and obtained his Bachelor's degree in Economics (Honours) from the University of Delhi
University of Delhi
The University of Delhi is a central university situated in Delhi, India and is funded by Government of India. Established in 1922, it offers courses at the undergraduate and post-graduate level. Vice-President of India Mohammad Hamid Ansari is the Chancellor of the university...
in 1977. He then went on to obtain an MBA degree from the Rutgers University
Rutgers University
Rutgers, The State University of New Jersey , is the largest institution for higher education in New Jersey, United States. It was originally chartered as Queen's College in 1766. It is the eighth-oldest college in the United States and one of the nine Colonial colleges founded before the American...
in 1980.
Kapoor applied to three banks after passing out of Rutgers: Citi
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
, ANZ Grindlays and Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
. He joined Bank of America and worked there for 16 years, managing the Bank's corporate, government and financial institution clients. He was awarded the Chief Executive Officer's Award by the Chairman of Bank of America for his performance. After leaving Bank of America, Rana served as the General Manager & Head of ANZ Grindlays' Investment Bank (ANZIB) for two years.
Later, Kapoor served as the CEO of Rabo India Finance Ltd.
Rabobank
Rabobank is a financial services provider with offices worldwide. Their main location is in the Netherlands. They are a global leader in Food and Agri financing and in sustainability-oriented banking...
In February 1995, a top team from Rabobank
Rabobank
Rabobank is a financial services provider with offices worldwide. Their main location is in the Netherlands. They are a global leader in Food and Agri financing and in sustainability-oriented banking...
arrived in India, scouting for opportunities. Rana Kapoor, his brother-in-law Ashok Kapur and Harkirat Singh made a proposal to the visiting team for two joint ventures: a non-banking financial company
Non-banking financial company
Non-bank financial companies are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold a banking license. These institutions are not allowed to take deposits from the public. Nonetheless, all operations of these...
and a bank. During the next year, Kapoor held secret meetings with the Rabobank executives in India, Singapore and Holland. The NBFC was set up 1997, with the three Indian partners chipping in with an equity capital of Rs 9 crore each. In 2003, the three sold their stake for $10 million each, generating the seed fund for the bank.
In 2003-04, he and Ashok Kapur established Yes Bank
Yes Bank
YES Bank Limited is an Indian Bank, engaged in providing a range of banking and financial services. The Bank’s business segments include Treasury, Corporate/Wholesale Banking, Retail Banking, Corporate Finance, Transaction Banking and a host of other Banking services...
with the vision of "Building the Best Quality Bank of the world in India" by 2015. Rana Kapoor and Ashok Kapoor held 26% stake in Yes bank, while Rabobank
Rabobank
Rabobank is a financial services provider with offices worldwide. Their main location is in the Netherlands. They are a global leader in Food and Agri financing and in sustainability-oriented banking...
International held 20% stake. Mr. Kapoor has recently been ranked as the 3rd Most Valuable Indian CEO of the Year by Business World magazine in November 2009. He has earlier received the Distinguished Entrepreneurship Award at the PHD Chamber Awards for Excellence 2007. In 2005, he was declared Ernst & Young
Ernst & Young
Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
's Start-up Entrepreneur of the Year.
Positions held
- Member of the Government of India's Board of Trade
- Member of the Managing Committee of the Indian Banks' Association (IBA)
- Chairman of Banking Committee, Confederation of Indian IndustryConfederation of Indian IndustryThe Confederation of Indian Industry is a non-government, not-for-profit, industry-led and industry-managed organisation, seeking to play a proactive role in India’s development process. The organisation works to create and sustain an environment conducive to the growth of industry in India,...
(CII), 2005–06