Investing in the stock market has been a significant avenue for wealth creation for some of India’s wealthiest individuals. Despite the complexities and risks associated with stock trading, these individuals have leveraged their acumen to amass staggering fortunes through strategic investments. Here’s a detailed look at six of the richest Indians who have made their mark in the world of finance through their savvy stock market investments.
1. Radhakishan Damani
Net Worth: $21.5 billion (Rs 1,75,859 crore)
Radhakishan Damani is a titan in the Indian business world, known as the ‘Retail King of India’. His wealth skyrocketed after the IPO of Avenue Supermarts, the parent company of D-Mart, in March 2017. Damani’s diverse investment portfolio includes substantial stakes in VST Industries and India Cements. In 2021, he made headlines for purchasing a lavish property worth over $100 million in South Mumbai. His assets also include the luxurious Radisson Blu Resort in Alibaug.
2. Rekha Jhunjhunwala
Net Worth: $8.3 billion (Rs 69,178 crore)
Rekha Jhunjhunwala, wife of the late legendary investor Rakesh Jhunjhunwala, has carved out her niche as one of India’s leading women investors. Her investment portfolio boasts significant holdings in Titan Company, Tata Motors, Metro Brands, Canara Bank, and NCC. Together with her late husband, she managed Rare Enterprises, a privately owned stock trading firm known for its successful investment strategies.
3. Hemendra Kothari
Net Worth: $1.6 billion (Rs 13,331 crore)
Hemendra Kothari, based in Mumbai, is a veteran investor with a diverse portfolio that includes Alkyl Amines Chemicals, Sonata Software, Veranda Learning Solutions, and EIH Associated Hotels. Beyond his financial endeavours, Kothari is recognized for his philanthropic contributions, particularly in wildlife conservation, having founded the Wildlife Conservation Trust in 2002. His daughter, Aditi Kothari Desai, plays a pivotal role as the vice chairperson of his firm.
4. Raamdeo Agrawal
Net Worth: $1.6 billion (Rs 13,331 crore)
Raamdeo Agrawal co-founded the Motilal Oswal Group and has been a stalwart in India’s stock investment landscape for over three decades. Known for his long-term investment philosophy, Agrawal’s portfolio includes significant stakes in Motilal Oswal Financial Services, Maharashtra Scooters, and Bharat Wire Ropes, among others. His insights into the stock market have made him a respected figure in financial circles.
5. Akash Bhanshali
Net Worth: Rs 5,612 crore (according to The Economic Times)
Akash Bhanshali, son of Enam co-founder Manek Bhanshali, is a prominent figure in the investment community. He serves as the Principal Owner of Enam Group and is a Board Member at Auxilo Finserve. Bhanshali manages a diversified portfolio with holdings in 21 stocks, including Titagarh Rail Systems, Parag Milk Foods, IDFC, Welspun Corp, and Shilpa Medicare. His recent investment activities, such as acquiring a stake in Pan Electronics India, underscore his active approach to wealth creation through stock market investments.
6. Ashish Dhawan
Net Worth: Rs 3,431.3 crore (according to The Economic Times)
Ashish Dhawan is renowned as both an investor and philanthropist in India. Co-founder of Chrysalis Capital, a leading private equity firm, Dhawan’s public holdings encompass stakes in approximately 15 companies. His investments span across sectors, including Mahindra & Mahindra Financial Services Ltd, Equitas Small Finance Bank Ltd, and Quess Corp Ltd. Beyond his financial pursuits, Dhawan is actively involved in philanthropic initiatives to promote education and social welfare.
