It is a human tendency to emulate success stories, we often follow the 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 ideology, we can take a leaf or two from their investing and life lessons, which will help us chalk out our successful journey in investing.
Here is the list of 10 top investors in India:
1. Radhakishan Damani
Net worth: Rs. 74,200 CR
He is very reputed and an intelligent investor in the Indian stock markets. He believes in a thorough evaluation of the fundamentals and 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.
He built DMart into a profitably retail chain, he has a very deep understanding of the Indian consumer essence. DMart has successfully established and runs about 234 stores across India. 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. As of 2022, he is ranked 87 on the global list of billionaires by Forbes.
2. Rakesh Jhunjhunwala
Net worth: Rs. 12,700 CR
He is considered India’s very own Warren Buffet, also known as the ‘The Big Bull’; his popularity is unparalleled in the stock market world. If you are an equity aficionado, 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 later 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 holds executive positions at Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.; he owns the investment firm Rare enterprises, which was founded in 2003 as private equity and asset management firm headquartered in Mumbai, India. He recently founded Akasa Air is an upcoming ultra-low-cost Indian airline co-founded by Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dubey.
3. Mohnish Pabrai
Net worth: Rs. 1,365 CR
He 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
Net worth: Rs. 1,200 CR
An MBA from Harvard University 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.
He 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
Net worth: Rs. 1,100 CR
For over 15 years, he has been an investment consultant who empowers investors to build a 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. Akash Bhansali
Net worth: Rs. 770 CR
He 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 the Pharma sector or private bank 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.
7. Ashish Kacholia
Net worth: Rs. 700 CR
He 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.
8. Anil Kumar Goel
Net worth: Rs. 555 CR
His 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.
9. Mukul Agarwal
Net worth: Rs. 526 CR
He is a teacher for CA and an author, also 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.
10. Vijay Kedia
Net worth: Rs. 516 CR
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.
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.