The current MD and CEO, Shahrukh Todiwala, will superannuate on (May 31, 2026) after serving the Kotak Group for over three decades, the release further said. Suraj Rajappan began his career with KMPL and brings 24 years of cross‑functional experience across the entity, the firm said. KMPL is a subsidiary of Kotak Mahindra Bank Limited.