Mumbai Dec 17: Kotak Education Foundation the CSR implementing arm of Kotak Mahindra Group, celebrated its annual scholarship felicitation ceremony, RIZE 2025, honouring over 1,400 newly inducted scholars from economically disadvantaged communities across the Mumbai Metropolitan Region. The event reaffirmed KEF’s long-standing commitment to enabling access to quality education and holistic development.

The ceremony was graced by Rinku Hooda, India’s celebrated para-athlete and 2025 World Champion in Javelin, whose inspiring journey includes multiple international podium finishes, including silver medals at the World Para Athletics Championships 2023 (Paris) and 2024 (Japan). His interaction with scholars and words of encouragement left a lasting impression on the young achievers.
A highlight of the event was an inspiring address by Mr. Vishal Nevge, Assistant Commissioner of State Tax, GST Department, Government of Maharashtra, and a proud alumnus of the Kotak Junior Scholarship Programme. He expressed gratitude to KEF and urged scholars to pursue excellence with perseverance.
Devang Gheewalla, Group Chief Financial Officer, Kotak Mahindra Bank, addressed the gathering, underscoring the program’s growth and its role in shaping future leaders. Paul Parambi, Trustee, Kotak Education Foundation, encouraged scholars to remain resilient and purpose-driven in their academic journeys.
Arati Kaulgud, Director Scholarship Program, Kotak Education Foundation, said;
“These 1,400 Kotak Scholars exemplify the transformative power of education. Beyond financial support, we offer mentorship, guidance, and opportunities that help them unlock their highest potential.”
The ceremony also featured cultural performances by scholars, celebrating their talents beyond academics. Each scholar received a scholarship certificate, marking the beginning of their higher education journey across diverse fields. The event was attended by KEF’s leadership, including Ganesh Raja, CEO; Jayasree Ramesh, COO Education; and Kavita Shanghvi, Director Education.
Kotak Education Foundation;
For over 18 years, Kotak Education Foundation has been committed to empowering children and youth from economically disadvantaged backgrounds through education and foundational skills. Its ‘Inch Wide, Mile Deep’ approach focuses on quality-driven, scalable interventions.
KEF’s work spans three core pillars;
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Holistic school interventions for children and educators
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Equitable scholarships for higher education
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Vocational education and skills training for livelihood
Key scholarship initiatives include:
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Kotak Kanya Scholarship (launched in 2021) for meritorious girl students across India
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Kotak Junior Scholarship for Class 11–12 students in the Mumbai Metropolitan Region
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Kotak Graduate Scholarship for professional courses such as Engineering, MBBS, Law, and certification programs
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Kotak Shiksha Nidhi, a PAN-India initiative supporting students impacted by COVID-19-related family loss
To date, KEF has supported 7,500 scholars, with 1,500 alumni now working as white-collar professionals in leading organisations. In 2025, KEF launched a dedicated scholarship programme for Persons with Disabilities supporting 150 students in its inaugural year.
KEF also runs the Unnati Programme, which equips unemployed youth with IT skills, spoken English, life skills, and assured placements.
As KEF scales its impact, it is transitioning from a school-centric approach to district and state-level education transformation, focusing on leadership development, teacher capacity building, digital learning ecosystems, Foundational Literacy & Numeracy through the Kshamata Project, and support for Model Schools. The Foundation is expanding its footprint beyond Maharashtra into Gujarat, Andhra Pradesh, and Goa.
Kotak Education Foundation is the primary implementing agency for Kotak Mahindra Group’s CSR initiatives in education under the Kotak Karma umbrella








