It is a human tendency to emulate success stories. We often follow top investors in India who have found incredible success in stock markets and try to invest in the stories that they have invested in. The top 10 Indian Share Market investors have incredible investing lessons to offer. While it may not be prudent to match their portfolios, as we have our constraints and different investment ideologies, we can take a leaf or two from their investing and life lessons, which will help us chalk out our unique successful journey in investing. Let us look at the equity net worth of those who are best in investing.
Here is a list of 10 top investors in India as per data available in August, 2022
1. Radhakishan Damani
Portfolio Net worth: Rs. 2.01 lakh crore as per “Finology” dated June 2022.
Radhakishan Damani is very reputed and an intelligent investor in the Indian stock market. He believes in thorough evaluation of the fundamentals and investigates ethical values of the company before investing in them. He is a college dropout who was engaged in ball bearing business before his sudden entry into stock broking after his father’s demise (who was himself a stock market broker). His first stint of success in the stock market occurred amidst the downfall of Harshad Mehta in the 1990s.
He made a prudent short sale of stocks which were trading at unreasonable valuations. He was one of the few people who saw through the scam Harshad Mehta had been building up over many years.
Radhakishan Damani built DMart i.e. Avenue Supermart, into a profitably retail chain. He has a very deep understanding of the Indian consumer essence. DMart has successfully established and runs about 284 stores across India as at the end of the fiscal year 2022. He believes that businesses that understand consumers’ requirements and align their offerings closely will find long-term success. His investments are managed under the firm Bright Star Investments Limited. He is ranked 87th on the global list of billionaires by Forbes list of 2022.
2. Rakesh Jhunjhunwala
Portfolio Net worth: Rs. 22,429 crore as per “Finology” dated of June 2022.
Also known as ‘The Big Bull’, Rakesh Jhunjhunwala was considered India’s very own Warren Buffet. His popularity is unparalleled in the stock market world. If you are an equity enthusiast, then you would have heard about him in all likelihood. He was a salaried employee before starting experimenting in the stock market. After graduating, he went on to become a chartered accountant.
He started with Rs. 5000 investment and soon found incredible success. He grew his meagre investment to unfathomable wealth over a few decades. He held executive positions at Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.. He owned the investment firm Rare Enterprises, which was founded in 2003 as private equity and asset management firm headquartered in Mumbai, India. He was recently associated with Akasa Air, an upcoming ultra-low-cost Indian airline. Akasa Air was co-founded by Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dubey.
Rakesh Jhunjhunwala was an ace investor of his era. His investment lessons continue to be widely followed by investors across different stages of investment.
3. Mohnish Pabrai
Portfolio Net worth: Rs. 1414. crore as per “Finology” dated June 2022.
Mohnish Pabrai is the founder and partner of Pabrai Investment Funds. He is also the founder of Dhandho Funds. He has also authored books, ‘The Dhandho Investor and Mosaic: Perspectives on Investing’. He started his career with Tellabs, a high-speed data networking group. He then moved on to the marketing and sales group of the same company’s international subsidiary.
He quit his job to start an IT consulting and systems integration company TransTech Inc., with a net capital of $100,000 in the year 1991. He sold the company for $20 million to Kurt Salmon Associates. He has been a managing partner at Pabrai Investment fund, a hedge fund inspired by Buffet Partnerships, since 1999.
4. Ashish Dhawan
Portfolio Net worth: Rs. 2147 crore as per “Finology” dated June 2022.
An MBA from Harvard University, Ashish Dhawan is considered one of the most meticulous private equity investors and philanthropists. He co-founded and managed one of India’s most successful private equity in India, ChrysCapital. He left his position at ChrysCapital in 2012 after being associated with it for over 20 years.
Ashish Dhawan then founded the Central Square Foundation, a policy think-tank focused on transforming education quality. He also spearheaded India’s first Liberal Arts University, Ashoka University, which depicts the culmination of over 40 leaders in education and Industry.
5. Nemish S Shah
Portfolio Net worth: Rs. 1991 core as per “Finology” data of June 2022.
For over 15 years, Nemish S Shah has been an investment consultant who empowers investors to build long-term profitable portfolio. He provides the highest quality investment assistance and real-world solutions to investors. The advisory service is client-centric and focuses on providing superior quality of service rather than generating business volumes.
His client-centric and friendly approach has made him popular among retail investors in a very short period of time. His investment philosophy is also aligned with the real problems faced by investors in recent times.
6. Vijay Kedia
Net worth: Rs. 791 crore as per “Finology” data of August 2022.
Vijay Kishanlal Kedia, a PhD, owns Kedia Securities, one of India’s most reputed stock broking houses. His brush with success in investing was during 2004-2005, when he invested in companies like Aegis Logistics, Atul Auto and Cera Sanitaryware which later went on to become multi-baggers. He is also an eloquent public speaker known for his inspiring speeches.
7. Akash Bhansali
Portfolio Net worth: Rs. 770 crore as per “Indian Companies” dated of April 2022.
Akash Bhansali has a unique portfolio selection and management style. He follows the one-sector stock rule and cancels out highly correlated sectors. For example, if he invests in stock from the IT sector, he does not invest in other sectors that are highly correlated to the IT Sector. He strictly adheres to the balanced diversification rule and does not exceed 20 stocks in his portfolio.
He does not follow the conventional investing style, he looks for unique businesses which offer niche products/services which are highly customer-centric. He almost comes off as a contrarian investor, where he buys into stocks that no one else is looking at.
8. Ashish Kacholia
Portfolio Net worth: Rs. 700 crore as per “Indian Companies” dated April 2022.
Ashish Kacholia is considered a fantastic investor in his individual capacity. In fact, he even co-founded a company called Hungama Digital along with Rakesh Jhunjhunwala. Alongside, he also founded Lucky Securities in the year 2003. He invests in small and midcap companies after deep analysis. He has a particular affiliation with the education sector and considers it to be a hidden treasure.
9. Anil Kumar Goel
Portfolio Net worth: Rs. 555 crore as per “Indian Companies” dated April 2022.
Anil Kumar Goel’s investment philosophy is value-driven and uses the bottom-up approach. He has a keen eye for picking quality stocks with low valuations. He picks stocks from virtually unknown sectors and comes across as a very unconventional investor. He has extensive working experience in the corporate world and is an experienced campaigner.
10. Mukul Agarwal
Portfolio Net worth: Rs. 526 crore as per “Indian Companies” dated of April 2022.
Mukul Agarwal is a teacher who teaches chartered accountancy and is also an author and a prominent Indian finance Youtuber. He runs a service-based company called Agarwal Corporate Pvt. Ltd., He is relatively a new entrant in the stock market who has a relatively aggressive investment strategy and takes risks by investing in penny stocks that go on to become multi-baggers. He maintains two different portfolios, one for investment and the other for trading.
We are sure you now know more about the 10 top investors in India. While it is okay to find inspiration in their stories, it does not make sense to emulate their portfolios or styles. It is essential that you align your portfolio based on your priorities and financial goals.
You will also have to accommodate your risk appetite and budget constraints to optimise your returns at appropriate risk levels. Reach out to our experts at Tata Capital Wealth, who can help you design a portfolio best aligned with your needs.