The stock market is considered one of the most attractive investment options in India. Many people aspire to become a successful stock market investor but only a few achieve it. In this article, you will learn about the journey of the top 10 successful Indian stock market investors.
Stock Market Investors
Rakesh Jhunjhunwala-Indian Warren Buffet is one of the most famous and successful stock market investors in India. He is the son of the income tax officer and started investing while in college. He started with Rs. 5000 and as on 20th April,2020 his net worth has grown to $2 billion.
His privately owned stock trading firm is Rare Enterprise. He believes in trend-based investing and never questions or pre-empts a trend. He backs his investing method with a huge appetite for risk-taking. It started with him investing in Titan when everyone was underestimating the potential of the company. He believes in long term investing but never underestimates the importance of trading. It has given him the bets to invest for the long term.
His portfolio consists of mainly pharma and finance companies. He also recommends the book- The Intelligent Investor for the stock market beginners.
Ashish Kacholia is known for identifying top-quality stocks in small and mid-cap companies. He is a risk-taker and mainly focuses on small and mid-cap companies. During the December quarter 2019, he made certain changes in his portfolio in which he increased stake in four companies and reduced exposure in seven companies. He raised his stake in Vaibhav Global, Apollo Tyres, Paushak & Birlasoft. The shares of these four companies have given positive returns since September 2019.
His portfolio mainly consists of stocks of the IT sector and manufacturing sectors. You can refer to the stocks and their value held by him in the table. The net worth of 22 stocks held by Ashish Kacholia is 193.4 crores as per corporate shareholdings filed for March 31, 2020.
Ramesh Damani is a member of BSE and is one of the most successful investors in India. He graduated from California State University at Northridge and decided to make living through broking. He was keen on identifying potentially successful businesses and invest in them for the long term. His first move was an investment in Infosys in 1993. By 1999, the investment grew 100 fold. But he firmly believed that just because a stock doubles, there is no reason to sell it.
He said that the key learning has been doing your own homework and having the integrity of independent thought. And if someone discourages your investment idea then probably it is a good idea. He always considers the holistic view of the sector and its growth rate in the future and then he made the investment.
Radhakishan Damani is the veteran stock market investor who became India’s retail king after the D-mart IPO. He entered retailing in 2002 and owns a stake in various companies such as VST Industries, United Breweries, etc. RK started his career as ball bearings trader but he entered his family business of stock market trading post his father’s death.
Initially, he started as a speculator but then he understood in order to create wealth, you need to invest for the long term. His investment mantra was to invest in companies whose products have the potential to revolutionalize the industry. He would invest for the long term which ranged from 5 to 10 years. He was inspired by Chandrakant Sampat. It is also said that he was a mentor to Rakesh Jhunjhunwala.
As an investor, he would always find consumer business attractive and invested in similar stocks. In 1999, he decided to start something in that sector. So, he quit the stock market for six years and built D-mart. He is unstoppable since D-mart IPO. He owns a 52% stake in the parent company of Dmart called – Avenue Supermarts, and a 16% stake in Bright Star Investments – his investment company. His net worth is $15.4 billion as of 21st April, 2020.
Vijay Kedia entered the stock market when he was 19 years old. He is the owner of Kedia Securities Pvt Ltd. Vijay joined his family business of stock market trading by force and not by his choice. He started with trading but was not doing well. Then he shifted his focus on value investing. He started studying the fundamentals of the company to make investments.
Being a vivid reader, he firmly believes that you can’t be a good investor if you are not reading enough. He is known for investing in lesser-known companies by conducting fundamental analysis of the companies. He focuses on lesser-known and underrepresented companies and invests in them if there is potential for growth. Some of his investments include Vaibhav Global, Everest Industries, Cera Sanitaryware, and many more.
Nemish Shah is the co-founder of ENAM, one of the oldest and respectable investment houses in India. He is a secretive person and likes to stay in the background. He has a diverse portfolio and a risk-taker. The portfolio of Nemish Shah shows that he focuses on brick and mortar companies rather than on finance & tech companies. He is a devoted philanthropist as well.
His investment philosophy replicates that of Warren Buffet. He focuses on fundamental research and identifies high-quality businesses that are structurally well-positioned, have sustainable competitive advantages and strong capability for long-term growth. He believes in long term investment and wealth creation.
According to Trendlyne report, Nemish S Shah publicly holds 8 stocks with a net worth of over Rs. 695.7 Cr as per the latest corporate shareholdings filed.
Dolly Khanna is the Chennai based investor often renowned as “accidental investor”. Rajiv Khanna is the brain behind the Dolly Khanna’s multibagger portfolio and successful investments. He invests in the name of his better half. They belonged to the middle-class family and faced a fair amount of struggle to become an ace investor.
Rajiv Khanna started his own venture Kwality Milk Foods in 1986 which he sold to Hindustan Unilever in 1995. He had no idea where to invest funds after the sale of the company. In 1996, he casually started investing in the stock market and his first investment was in Satyam computers. He invested heavily in tech companies and earned 300% gains. But, after the crash of 2000, he decided not to invest further.
In 2003, while purchasing a home he came across a company called Unitech and decided to research the fundamentals of the company. And he decided to invest 5-7 lakhs in it. In 2008, as the realty boom came, the investment of Rs 5-7 lakh in Unitech turned Rs 25 crore. He believes in the power of compounding and follows buy and hold technique which helps to yield multibagger gains.
Porinju Veliyath is one of the best stock market investors and an excellent fund manager. He manages his own portfolio and investors portfolio in Equity Intelligence India Private Limited. He is an LLB graduate.
According to Economic Times, Porinju-led Equity Intelligence had 2,338 investors in September with assets under management of Rs 894 crore. Porinju V Veliyath publicly holds 11 stocks with a net worth of over Rs. 11.0 Cr according to March 2020 filing. He usually focuses on small-cap and mid-cap stocks.
Raamdeo Agrawal cofounded Motilal Oswal Financial Services as a small securities frim along with Motilal Oswal in 1987. He is an associate of ICAI and a member of the National Committee on Capital Markets of the Confederation of Indian Industry.
He is known for his decision to invest in Hero Honda stocks in 1997. Ramdeo believes in QGLB strategy-Quality, growth, longevity and bargain value of a company. He also focuses on competition level in a particular sector. If you feel that a company which is making 100 crore will make 1000 crore in 7-8 years, then you should buy it. He recommends One Up on Wall Street by Peter Lynch, The Intelligent Investor by Benjamin Graham, and works by Philip Fischer and Warren Buffett to gain knowledge about the stock market.
Chandrakant Sampat was one of the sharpest stock market investors and has seen the evolution of the stock market. He died at the age of 86 in early 2015. He started investing in the year 1970 when BSE was just an association of brokers. Back in that time, all you needed was a cheque and pen to purchase a security.
The consumer goods companies were his favorite. He began investing by picking up stocks such as HUL and Indian Shaving Products (now Gillette India). He suggested that investors should look for companies with low capital expenditure, where the return on capital employed should not be less than 25 percent. It is also crucial to identify the companies that distribute high dividends.
Thus, these were the top 10 stock market investors in India and their interesting journey in the stock market. We hope you will feel inspired by the journey of these investors and start investing.
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