Kotak Mahindra Prime appoints Suraj Rajappan as MD & CEO
Rajappan will take charge from June 1, 2026; Shahrukh Todiwala to superannuate on May 31, 2026
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Published: Mar 30, 2026 1:11 PM | 2 min read
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Kotak Mahindra Prime Limited (KMPL), a vehicle finance company and a subsidiary of Kotak Mahindra Bank Limited, has announced a leadership transition approved by its Board of Directors.
The Board has appointed Suraj Rajappan as Managing Director & Chief Executive Officer for a term of three years, effective June 1, 2026, subject to approval of members. Suraj Rajappan began his career with Kotak Mahindra Prime Limited and brings 24 years of cross‑functional experience across the entity. Shahrukh Todiwala, presently Managing Director & CEO, will superannuate on May 31, 2026, after serving the Kotak Group for over three decades.
Ashok Vaswani, MD & CEO, Kotak Mahindra Bank said, “Shahrukh leaves a strong legacy of prudent growth, risk discipline and customer centricity at Kotak Mahindra Prime. We welcome Suraj to the helm—his deep industry experience and execution abilities position KMPL well for its next phase of growth.”
Shahrukh Todiwala, MD & CEO, KMPL said, “Being a part of KMPL’s 30-year journey and contributing to its growth has been truly fulfilling, and leading the company has been an honour. I am confident that Suraj and the leadership team will build on this strong foundation and take KMPL to new heights.”
Suraj Rajappan, MD & CEO‑Designate, KMPL said, “I am honoured by the trust the Board has placed in me. KMPL will continue to focus on disciplined growth, innovation and best‑in‑class customer experience and further strengthen our partnership with all OEMs and dealer partners.”
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