- Radhakishan Shivkishan Damani
Radhakishan Shivkishan Damani is an Indian billionaire investor, business magnate and the founder of DMart. He also manages his portfolio through his Investment firm, Bright Star Investments Limited. On 19 August 2021, he was ranked #98 richest person in the world by Bloomberg Billionaire Index.
CAREER
Radhakishan Shivkishan Damani was raised in a Maheshwari Marwari family in single room apartment in Mumbai. He studied commerce at the University of Mumbai but dropped out after one year. After the death of his father who worked on Dalal Street, Damani left his ball bearing business and became a stock market broker and investor. He made profits by short-selling stocks that were inflated by illegal means by Harshad Mehta in the 1990s. Damani was reportedly the largest individual shareholder of HDFC Bank after it went public in 1995. In the year 1992, after the Harshad Mehta Scam came to limelight, he saw a major rise in his income due to the short-selling profits during the time. In 1999, he operated a franchise of Apna Bazaar, a cooperative department store, in Nerul, but was “unconvinced” by its business model. He quit stock market in 2000 to start his own hypermarket chain, DMart, setting up the first store in Powai in 2002. The chain had 25 stores in 2010, post-which the company grew rapidly and went public in 2017.
Today he has 234 DMart stores across India. Damani keeps a low profile and rarely gives any interviews. He has also taught his Stock Trading Techniques to Indian Billionaire Rakesh Jhunjhunwala.
In 2020, he became the fourth-richest Indian with a net worth of $16.5 billion. He was ranked #117 on the global list of billionaires. He was ranked #87 on the global list (Forbes) of billionaires 2022 with a net worth of $18.9 billion.
INVESTMENTS
Damani also holds stakes in a range of companies, from tobacco firm VST industries to cement producer India Cements. Damani picked up a 1% stake in Andhra Paper.Damani also picked up 15% stake in India cements in May 2020 taking his investment in India Cements to 19.89%.Damani publicly holds 6 stocks in his investment portfolio and total value of his stock portfolio is approx Rs 1,02,077cr (Approx US$13 Billion) in 2021.
Rakesh Jhunjhunwala
Rakesh Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire business magnate, Chartered Accountant, stock trader, and investor. He began investing in 1985 with a capital of ₹5,000, with his first major profit in 1986. At the time of his death he had an estimated net worth of $5.8 billion, making him the 438th richest person in the world. He was a partner in his own asset management firm, Rare Enterprises. Besides being an active investor, he served as chairperson and director for several companies. He was also a founder of Akasa Air. He was investigated for insider trading and settled with the Securities and Exchange Board of India (SEBI) in 2021. Jhunjhunwala was often referred to as “India’s Warren Buffett” or the “Big Bull of India”, and was widely known for his stock market predictions and bullish outlooks.
CAREER
Jhunjhunwala’s interest in stock markets arose when he observed his father discussing the markets with his friends. While his father guided him on the markets, he never gave him money to invest and forbade him from asking friends for money. With his savings at hand, Rakesh started investing early when in college. Beginning with ₹5,000 capital in 1985, Jhunjhunwala’s first big profit came in the form of ₹5 lakh in 1986. Between 1986 and 1989, he earned almost ₹20–25 lakh profit. By 2022, his investment had grown to ₹11,000 crores. As of 2021, his biggest investment was in Titan Company which is worth ₹7,294.8 crore.
He managed his own portfolio as a partner in his asset management firm, Rare Enterprises. Besides being an active investor, Jhunjhunwala was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sat on the board of directors of 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.|date=June 2021}} He was also a member of the Board of Advisors of India’s International Movement to Unite Nations (I.I.M.U.N.).
In 2013, Jhunjhunwala bought 6 of the 12 units of Ridgeway apartments at Malabar Hill from Standard Chartered bank for ₹ 176 crore. Later in 2017, he bought the other 6 apartments in the building from HSBC for ₹ 195 crore. In 2021, he commenced the construction of his new 70,000 square feet 13-storey home after the demolition of the old building.
In July 2021, he invested in Akasa Air, a low-cost airline in India, investing 400 million dollars for a 40% stake in the airline. As of September 2022, the new airline has 8 aircraft and flies to 8 cities. Before his death Rakesh had increased his stake in the airline to 46% becoming the largest stakeholder in the company.
INVESTMENTS
Jhunjhunwala, whose net worth stands at $5.8 billion as at the time of his death, had plans to donate a quarter of his wealth to charity. His philanthropic portfolio included health care as well as education-related initiatives, supporting organizations such St Jude, Agastya International Foundation, Ashoka University, Friends of Tribals Society and Olympic Gold Quest. He was also active in efforts to construct an eye hospital in Navi Mumbai.
Ramesh Damani
Ramesh Damani is unlike those typical stories where the successful investor comes from a poor background. Ramesh Damani came from a well to do family. His father was already into the stock market for 20 to 30 years. Senior Damani was able to earn a good income for his family, such that he was able to send his son to the USA for higher studies.
CAREER
Ramesh Damani is the founder of a company called Ramesh S Damani Finance Pvt Ltd. He holds a Bachelor’s Degree in Commerce from HR College in Mumbai and a Master’s Degree in Business Administration from California State University. He did not have any interest in the work where his father was indulged, which was the stock market
INVESTMENTS
Unlisted or listed companies, Ramesh Damani, has investments in both types of companies. Damani is well known and appreciated for high-quality value picks, which could be retained in the portfolio for a longer period of time. He pursues the Warren Buffett model of investing, which promotes companies with strong management credentials and processes.
Raamdeo Agrawal
Raamdeo Agrawal is an Indian businessman, stock market investor and Chairman of Motilal Oswal Groupwhich he co-founded with Motilal Oswal in 1987. According to Forbes he had a net worth of $1 billion in 2018 but dropped off their list of billionaires in 2019.
CAREER
Agrawal pursued chartered accountancy in Mumbai and began his career as a sub-broker in 1987. He co-founded Motilal Oswal Financial Services and his family today owns about 36% of the company. In 1986, he wrote the book Corporate Numbers Game, along with co-author Ram K Piparia. He also authored the book The Art of Wealth Creation. Agrawal was awarded the Rashtriya Samman Patra by Central Board of Direct Taxes for a consistent track record of highest integrity in tax payments for a period of 5 years from FY95-FY99.He considers Warren Buffett as his mentor and says that his investment strategy is largely inspired by him.
INVESTMENTS
By the time Agarwal became a sub broker, he was able to build a portfolio of 10 lac. This grew to almost 30 crore during the bull run of Harshad Mehta scam of the 1990s however it fell to 10 crore after the scam was exposed. Later he went to the US to meet his inspiration Mr Warren Buffet. Here he made a point to study all the letters of Buffett written to his company Berkshire Hathaway. Until this point he held 225 stocks in his portfolio which he later scaled down to just 15 stocks. Eventually by the year 2000, his portfolio grew to Rs 100 crore. Some of his notable and early investments were Hero Honda, Infosys and Eicher motors.
Vijay Kishanlal Kedia
Vijay Kishanlal Kedia is an Indian investor born in Kolkata. He has been involved in the market since he was 19 years old. Kedia and his company – Kedia Securities Pvt. Ltd., are the largest shareholder (after the promoter) in several listed companies[which?]. Kedia was a keynote speaker at IIM Ahmedabad, IIM Bangalore & MDI Murshidabad .[5][6] and he has been a TEDx speaker 2 times]He was invited to speak at London Business School.[8]
He has been described by the Economic Times as a “market master”.
CAREER
He realised his passion for stock market when he was 14 and he joined stock market when he turned 19. He started doing his own trading without any success. After few years he left Kolkata and came to Mumbai to try his luck. In 2004 and 2005 he identified and invested in three such shares (Atul auto, Aegis logistics, Cera sanitaryware) which appreciated more than 100 times in next 10 to 12 years. In early 2012, he correctly predicted that India was at the beginning of a structural bull run. In 2016 Kedia was featured at #13 in Business World list of Successful Investors In India In 2017 “MoneyLife Advisory” launched an “Ask Vijay Kedia microsite In 2017 Vijay Kedia’s portfolio stocks rose up to 170%. In 2018, he was invited to speak at London Business School. In November 2018, he was invited to speak at TEDx.
INVESTMENT STRATEGY
Kedia strictly adheres to SMILE as a principle in investing; which translates into Small in size, Medium in experience, Large in aspiration and Extra-large in market potential.] On his investment strategy, Kedia said: “One should scout for companies which have good management… Find a very good management, a very honest management and see the product in which the management is going to grow, going to outperform its peers and the economy… invest in those companies for the next 10–15 years, and you cannot go wrong.”Bet big and ride through tough times is his advice While luck plays a big part in stock market investments, knowledge, courage and patience are the cornerstones according to him. He has been 100 percent invested for the past 30 years of his investing career.
Nemish Shah
Nemish Shah is an ace-investor who completed his Bachelor’s in Commerce (B.com) from Lala Lajpat Rai College, Mumbai University in 1977. He is the director and co-founder of ENAM Holdings, a privately owned and managed investment house.
Initially, ENAM was a broking entity, and it soon forayed into the investment banking profession. Throughout these developments, ENAM adhered to investment research as its backbone. In 2010, ENAM merged its investment banking and broking operations with Axis Bank in a deal valued at Rs 2,067 crore. At present, Shah manages the firm’s treasury operations and is focused on growing its proprietary capital, under ENAM Holding’s Pvt Ltd.
Investment strategy of Nemish Shah
The investor, who has been through various market cycles, looks for the following pre-requisites while selecting a company for investment:
A) The company’s ROCE should not be below 9%.
B) The company has planned future growth.
C) The company should have sound management.
D) And lastly, he should get a discounted entry price.
Coming to his personal portfolio, as per the information published by Trendlyne, Nemish Shah publicly holds 7 stocks and has a net worth of over Rs 1,260.9 crore.
7 stocks in his portfolio and their holding value:
- Lakshmi Machine Works Ltd (Rs 954.4 crore)
- Elgi Equipments Ltd (Rs 119.4 crore)
- EID Parry (India) Ltd (Rs 103.8 crore)
- Bannari Amman Sugars Ltd (Rs 75.6 crore)
- Zodiac clothing company Ltd (Rs 4.9 crore)
- Rane Engine Valve Ltd (Rs 1.9 crore)
- Super Spinning Mills Ltd (Rs 1 crore)
Porinju Veliyath
Porinju Veliyath (born 6 June 1962) is an Indian investor and fund manager.[3][4] He manages his own portfolio and the portfolios of investors in his fund management firm Equity Intelligence India Private Limited. He has been called a small-cap czar by The Economic Times.[5][6][7][8][9]
CAREER
Porinju Veliyath started his career in Mumbai as a floor trader with Kotak Securities in 1990. Later he joined Parag Parikh Securities in 1994 where he worked as research analyst and fund manager until 1999, when he moved back to Kochi. In 2002 he founded Equity Intelligence, a fund management firm focused on Value Investing in Indian Equites.
He is also a director with Arya Vaidya Pharmacy, which with Hindustan Unilever Limited (HUL) has created a range of Ayurvedic personal care products under the ‘Lever Ayush’ brand.
Porinju Veliyath expresses his views and ideas on Value Investing and opines on current affairs actively on Twitter and has over 1,000,000 followers.[13][14]
Porinju Veliyath’s Holdings
Dolly Khanna
Dolly Khanna, whose portfolio value was estimated at more than Rs 600 crore in November 2017, overexerted herself in the Indian stock markets a year ago. Rajiv Khanna, who invests in Rain Industries Ltd on behalf of his better half Dolly, has seen a return of over 577 per cent since 2017.
There are also additional multi-baggers in Dolly Khanna’s plan, including NOCIL Ltd. (returning 171%) and PPAP Automotive (returning 342%).
Buy and Hold:
This technique can yield mega multi-bagger gains for patient investors. For example, Rajiv invested Rs. 5-7 Lakhs in Unitech and forgot about it, only to realize a few years later that it had turned to Rs. 25 Crore. This advice states that investors must not keep checking their stocks time and again and should not tinker with the investments. Stocks would compound slowly and steadily over the decades.
Portfolio
Ashish Kacholia
Ashish Kacholia is an ace investor. He co-founded Hungama Digital with Rakesh Jhunjhunwala and started his own company Lucky Securities in 2003. His investment strategy includes investing in small and mid-size companies. These are the shares held by Ashish Kacholia as per the information available by the exchanges. For some companies the latest quarter results might not be available as they may file it later on.
Holdings of Ashish Kacholia
Chandrakant Sampat
The most revered value investor of India, Late. Shri Chandrakant Sampat (1929-2015), regarded by many as the Indian Warren Buffett started investing in Indian markets at the age of 26 after quitting his family business in 1955. He was a man of resolute and rigorous discipline, this made him one of the greatest investors of India.
He amassed enormous wealth with his multibaggers, after the introduction of Foreign Exchange Regulation Act (FERA) in 1970s, by picking up multinationals even before other investors could realise the true value of the companies which diluted equity at prices lower than their intrinsic values.
He is said to have inspired and mentored many marquee Indian investors including the founder and owner of D-Mart retail chain and value Investor Mr. Radhakishan Damani.
Towards the latter part of his investment journey, he was unhappy with deteriorating corporate governance standards of Indian firms and grew critical of the policies followed by global central banks that had led to the rise in asset prices. And he took a bearish stance in the markets and converted most of his investments into cash and cash equivalents.
Sampat believed in self-education and condemned the conventional education and social system, which he felt restricted the mind. He was an avid follower of the Bhagwad Gita, and often quoted shlokas from the great Indian epic.
He was a fitness freak, for him physical fitness was one of the top priorities. He was a regular jogger and extremely health conscious human. Moreover, he followed a very simple diet and avoided sugar and fatty foods.
His Investment Philosophy
Sampat’s investment philosophy is simple; identify great businesses and let the power of compounding do the rest
He was one of the first investors in India who realized the powerful impact of compounding on portfolio. He had a knack of holding stocks for decades, believing that investors should pick shares of companies with good managements, when share prices are at an eight-year or 10-year low and invest only in a few companies.
He was a great endorser of the FMCG stocks and advised investors to pick stocks with least capital expenditure, where the return on capital employed (RoCE) should not be less than 25 per cent.
Sampat’s Success Mantras
Capital Allocation – According to him, capital allocation is the most important aspect of a business. He believed capital and innovation gives value to the company, and a good business should be able to grow with minimum cash.
Portfolio Concentration – He believed in keeping only 8-10 great companies in portfolio, he never covered more than ten companies in his investment portfolio. According to him, in a spread-out portfolio, many companies will go wrong and very few will come right. While in a portfolio of only eight-ten companies, even one great performer will cover the wealth.
Significance Of Innovation – He was a proponent of innovation and resonated with the Ideas of Management theorist Peter F. Drucker. He believed technological innovation was resulting in shorter business cycles, which were leading to shorter life spans for companies. Before investing in a stock, he would weigh it on a rigorous scale of productivity and innovation.
Valuations – He never believed in valuation, he had his ability to visualise the future and assign value to the company accordingly, he once said
PORTFOLIO
