5 richest stock market investors of India and their net worth

Here we track the latest buys and sales and portfolios of famous investors
Post Reply
User avatar
Srilata Rao
Posts: 73
Joined: Tue Dec 27, 2016 3:19 pm

5 richest stock market investors of India and their net worth

Post by Srilata Rao » Wed Jun 10, 2020 10:20 pm

1. Rakesh Jhunjhunwala

Currently, Rakesh Jhunjhunwala is the 48th richest man in India. He is famously known as the Investor with a Midas touch. Based out of Hyderabad, Rakesh Jhunjhunwala got into the stock market when he was in college. Back then, he was dealing with only $100 to his name and the Bombay Stock Exchange was only 150. Today, the index is over 34,000 and he trades stocks by the billion. In fact, now, not only does Jhunjhunwala maintain his own portfolio but he also owns an asset management firm, Rare Enterprises, with his wife Rekha. Besides that, he chairs the Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He also acts as a member of the Board in companies such as Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited. However, his biggest investment is in the Titan Company with $1.1 billion. Fittingly, Rakesh Jhunjhunwala is often known as the Warren Buffett of India.
Net worth: Rs 16,627 crore (according to Forbes)

2. Radhakishan Damani

Not only Radhakishan Damani is among the top stock market investors in India, but he's also among the top 10 richest people in India. In fact, he is among those handful of billionaires whose fortune grew during the lockdown. Known for keeping a very low profile, Radhakishan Damani is the founder of the supermarket chain D-Mart. He opened the first store in Mumbai’s Powai neighbourhood in 2002 and there has been no looking back since then. After March 2017, IPO, Damani quickly climbed the ladder and became the retail king of India. Now, with his massive fortune, Damani likes to make long term investments that will sustain for at least five to 10 years. He holds blue-chip stocks like VST industries, which is an affiliate of British American tobacco. He holds 26% shares in this company and has also invested in firms like Bright Star Investments Private Limited. His other blue-chip stocks in the portfolio are 3M India, Bluedart, India cements, Sundaram Finance, TV today, Advani hotels, Tv18, etc.
Net worth: Rs 1,29,228 crore (according to Forbes)

3. Raamdeo Agrawal

Another businessman who is growing his fortune with the help of stock market is Raamdeo Agrawal. He is the co-founder and joint Managing Director of the financial services firm, Motilal Oswal. Based out of Mumbai, Agrawal is a very respected figure in the stock market. A Chartered Accountant by profession, Agrawal is an avid reader as well as the author of two books namely Corporate Numbers Game and The Art of Wealth Creation. He has said in various interviews that there is just one formula that has helped him pick out superior stock. This formula is based on the four factors, Quality of management/business, Growth in earnings, Longevity of both quality and growth, and lastly the Price. As per March 2020, Agrawal publicly holds 2 stocks with a net worth of over Rs. 1,037.8 Cr, as reported by Trendlyne. One belongs to Motilal Oswal and the other one belongs to Maharashtra Scooters, a subsidiary of Bajaj Holdings and Investments Limited (BHIL), which manufacturers Hero Honda motorcycles.
Net worth: Rs 7,557 crore (according to Forbes 2018)

4. Porinju Veliyath

Porinju Veliyath is the owner of the fund management firm Equity Intelligence India Private Limited based out of Cochin, Kerala. He started his career in 1990 with Kotak Services as a floor trader. Veliyath is known to deal in small market cap stocks, which basically means the stocks of smaller companies. However, the one stock that took him to his pot of gold is that of Geojit securities. He bought the stock for this company when it was still selling in single digits and in the last two decades, that stock price has shot up to a neat ₹2500 in 2015. Besides that, Trendlyne suggests that Veliyath also hold shares in companies like Duroply lndustries Ltd., Raunaq EPC International Ltd, Emkay Global Financial Services Ltd, BCL Industries Ltd. and Palash Securities Ltd.
Net worth: Rs 16.6 crore (According to Trendylne)

5. Dolly Khanna

Even though the stocks are bought in the name of Dolly Khanna, it’s actually her husband Rajeev, who does all the dealings. This IIT Madras-graduate is known to place his bet on those shares that are lesser-known and yet perform incredibly well on the stock market. The couple have been involved in the market since 1996 and usually like to go for the shares of manufacturing, textile, chemicals. Rajeev previously founded an ice cream business called Kwality Milk Products in 1986 but then sold it off to Hindustan UniLever in 1995. Between 2003 and 2008, Khanna bought stakes in companies like Fem bleach, Hawkins Cookers and Nutralite butter. But when the market crashed in 2008, Khanna lost 75% of their wealth according to Economic Times. The couple earned it back by the time the market recovered the following year. Today, his portfolio includes companies like NOCIL Ltd., Rain Industries Ltd., Butterfly Gandhimathi Appliances Ltd., Nilkamal Ltd. and Muthoot Capital Services . However, only the former two yielded him any results as per the March 2020 statistics on Trendylne.
Net worth: Rs 64.9 crore (According to Trendylne)

https://www.gqindia.com/get-smart/conte ... han-damani

Post Reply