The deluge of retail investors in Indian equities in the recent years marks a major shift away from traditional investments such as gold, real estate, and bank deposits. For perspective, the number of stock trading accounts zoomed from 41 million in 2019 to 140 million in 2023. However, many of them are newbie investors who had traditionally invested in safe assets such as gold and real estate. Yet, India is home to some of the best investors who have acquired a cult status and are widely acclaimed for their stock-picking skills. You might be wondering who these pros are. Well, we will provide you the answer. In this blog post, we will discuss the top 10 investors in India.
Top 10 investors in India
The best investors in India are known for their sharpness and their ability to spot hidden gems for long-term investment. We have listed the top 10 investors in India below.
Radhakishan Damani
Radhakishan Damani tops our list of the top 10 investors in India. Damani started out as a trader and investor and later founded discount retailer Dmart. Damani’s Derivatives Trading and Resorts Private Limited has holdings in Tata group company Trent Ltd. Damani holds a 3.47% stake in cigarette manufacturer VST Industries.
Rekha Jhunjhunwala
Rekha Jhunjhunwala holds 1.47% in PSU bank Canara Bank. Rekha, wife of the late Rakesh Jhunjhunwala, has positions in Tata Motors, Titan Company Ltd, Indian Hotels, and NCC Limited, to name a few.
Rakesh Jhunjhunwala (late)
Rakesh Jhunjhunwala, popularly known as Jhunjhunwala, left his indelible mark as a legendary Indian investor and is counted among the best investors in India. Timing the market, they say, is a fool’s errand. Yet, Jhunjhunwala had the uncanny ability to predict market movement and spot hidden investment opportunities. His pick of Titan Co. Ltd is a case study in stock-picking.
Ramesh Damani
Ramesh Damani, known as one of the best investors in India, began his investing career in the 1990s when the Sensex was at 600. Damani is known for his long-term investments in businesses renowned for their strong leadership and solid business plans.
Raamdeo Agrawal
Raamdeo Agrawal ranks among the top 10 investors in India. Agrawal, who is also the Chairman of Motilal Oswal Financial Services, is best known for his investment in Hero MotoCorp (then Hero Honda). Agrawal had invested about Rs. 10 lakhs in the motorcycle maker at Rs. 30 per share back in 1995 and held the stock for 20 years till the stock price zoomed to Rs. 2,600 apiece.
Sunil Singhania
Sunil Singhania, formerly the CIO of Reliance Mutual Funds, founded Abakkus Asset Manager LLP in 2018. Some of his holdings are TTK Healthcare Ltd, Mastek Ltd, IIFL Securities Ltd, and Polyplex Corp. Ltd.
Vijay Kedia
Vijay Kedia is renowned among top investors in India. Kedia was in the news in April 2024 after he booked profits in multibagger stock Patel Engineering after the scrip surged a whopping 300% in a year. His other holdings include Siyaram Silk Mills, Sudarshan Chemical Industries, Atul Auto, and Vaibhav Global.
Mukul Agrawal
Mukul Agrawal, one of the best investors in India, is the founder and CEO of the renowned Agarwal Corporate. Agrawal holds 1.67 lakh shares of PTC Industries, which amounts to 1.16% of the company’s total paid-up capital. Agrawal also has positions in Ceat Ltd, LT Foods Ltd, Radico Khaitan, and Surya Roshni Ltd.
Ashish Kacholia
Ashish Kacholia is popularly known as ‘The Big Whale’ of the Indian stock market. He co-founded Hungama Digital Media Entertainment Private Limited along with Rakesh Jhunjhunwala.
Kacholia holds shares of Man Industries (India) Ltd and Brand Concepts Ltd, both multibagger stocks. Fineotex Chemical Ltd is also a part of Kacholia’s portfolio.
Ashish Dhawan
Ashish Dhawan is one of the top 10 investors in India who specializes in private equity. He has co-founded Chrysalis Capital, a premier private equity fund. Dhawan holds a 3.79% stake in small-cap consumer discretionary company Greenlam Industries. Dhawan’s other holdings include Glenmark Pharmaceuticals Ltd, Birlasoft Ltd, Quess Corp Ltd, Arvind Fashions Ltd, and Equitas Small Finance Bank Ltd.
Conclusion
The Indian stock market is evolving rapidly and offers ample opportunities for investors to grow capital and make a profit. The best investors in India are those who have managed to make consistent profits with their dynamic approach. We have profiled the top 10 investors in India to give you a peek into the minds of these pathbreakers.
