TOP 5 RICHEST SHARE MARKET INVESTORS IN INDIA 2021
1. NEMISH SHAH
Nemish Shah is the co-founder of ENAM, one of India's most reputed and respectable investment houses. Initially, he co-founded ENAM as a broking entity in 1984. Soon after co-founding ENAM, ENAM entered the investment banking profession and climbed to the top of the league tables in the IPO market within six months. ENAM has been instrumental in multiple reputed IPO’s in the country since its inception. ENAM stayed at the top position in the IPO market for several years. With his core interest lying in investment research, Mr. Shah is credited with pioneering investment research in India, a novel concept in India.
INVESTMENT CAREER
Nemish Shah, the co-founder and director of Enam Holdings is an investor who likes to stay in the background. His portfolio is interestingly diverse, and he is not averse to taking some risks. In his listed company investments, he favors brick and mortar companies over new-age businesses in tech and finance. Recent investments have been in auto parts and industrial machinery firms.
As per the latest corporate shareholdings filed, Nemish S Shah publicly holds 7 stocks with a net worth of over Rs. 1,030.1 Cr.
2.VIJAY KEDIA
Dr. Vijay Kishanlal Kedia is an Indian investor trader born in Kolkata. He is involved in the market since he was 19. Kedia and his company - Kedia Securities Pvt. Ltd., are the largest shareholder (after the promoter) in several listed companies. Kedia was a keynote speaker at IIM Ahmedabad & IIM Bangalore. He has also delivered a speech at the Bombay Stock Exchange. He has also spoken at TEDx Amritsar. He was invited to speak at London Business School. He has been described by the Economic Times as a "market master." In 2016 Vijay Kedia was conferred with a Doctorate for Excellence in The Field of Management.
INVESTMENT CAREER
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 excellent management, sincere management, and see the product in which the management will grow, 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.
3.RADHAKISHAN DAMANI
Radhakishan S. Damani is an Indian billionaire investor, businessman, and the founder of DMart. He also manages his portfolio through his Investment firm, Bright Star Investments Limited.
INVESTMENT CAREER
Damani was raised in a Maheshwari family in a single-room apartment in Mumbai. He studied commerce at the University of Mumbai but dropped out after one year. After his father's death, 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 1992, after the Harshad Mehta Scam came into the limelight, he saw a major rise in his income due to the short-selling profits. In 1999, he operated a franchise of Apna Bazaar, a cooperative department store in Nerul, but was "unconvinced" by its business model. He quit the 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.
Damani also holds stakes in various companies, from tobacco firm VST industries to cement producer India Cements. Damani picked up a 1% stake in Andhra Paper. Damani also picked up a 15% stake in Indian cement in May 2020, taking his investment in India Cements to 19.89%. Damani publicly holds 6 stocks in his investment portfolio, and the total value of his stock portfolio is approx Rs 1,02,077cr(Approx US$10.20 Billion) in 2021
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.
4.RAAMDEO AGRAWAL
Raamdeo Agrawal is an Indian businessman, stock market investor, and Chairman of Motilal Oswal Group[1], which 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.
INVESTMENT 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 the Central Board of Direct Taxes for a consistent track record of the 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. He attends the AGM of Berkshire Hathaway every year and believes that Letters written by Warren Buffett to the company's shareholders have taught many things.
5.RAKESH JHUNJHUNWALA
Rakesh Jhunjhunwala is an Indian business magnate and stocks trader. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Rakesh grew up in an Agarwal Family in Bombay during his early life, where his father worked as Commissioner of Income Tax, Bombay. His family belongs to Jhunjhunu.[citation needed] He graduated from Sydenham College[3] and thereafter enrolled at the Institute of Chartered Accountants of India.
He has an estimated net worth of $4.5 billion (as of May 2021).
INVESTMENT CAREER
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd... He sits 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 Limited, Mid Day Multimedia, Nagarjuna Construction Company Limited, Viceroy Hotels Limited, and Tops Security Limited. He is popularly referred to as the "Warren Buffett of India" and the "King of Bull Market."[citation needed]
, The first big profit of Rakesh Jhunjhunwala was ₹5 lakh in 1986. Between 1986 and 1989, he earned almost ₹20-25 lakh profit. Jhunjhunwala invested ₹26 Crores (US$3.4 Million) in A2Z Maintenance, increasing his stake in the company by 3.57% to 23.2%. As of 2020, his biggest investment is in Titan Company which is worth ₹4,758 Crores (approx US$600 Million). Jhunjhunwala also has stakes in privately held companies such as Star Health Insurance, Metro Brands, and Concord Biotech.
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