Ashish Dhawan is one of the most successful investors in India. The former private equity investor is the founder and Chairman of Central Square Foundation (CSF) which focuses on quality education for all children in India. Here we look at Ashish Dhawan net worth, portfolio, investment style and more.
Ashish Dhawan was born in New Delhi in 1969. After graduating from Yale University, he did his MBA from Harvard University. He started his career in 1992 by joining Wasserstein Perella and Company, a small Wall Street boutique bank. He later worked in New York for Goldman Sachs.
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Laying the Groundwork for ChrysCapital
Ashish Dhawan returned to India in 1999 and founded ChrysCapital at a time when private equity was still a new concept in the country. He built the company and within 5-6 years ChrysCapital became one of the largest private equity firms in India with AUM of USD 1 billion (~INR 8,604 crore).
Ashish Dhawan Portfolio Pursuing Philanthropy and Education
In 2010, Dhawan co-founded the Young India Fellowship program, marking the beginning of his involvement in the education sector. This one year residential program focuses on experience based learning across various fields to develop the next generation of Indian leaders.
In 2012, he founded Central Square Foundation, a grant-making organization which is a think tank for public policy to improve education in India. The foundation also focuses on education for children from underprivileged backgrounds.
Also in 2014, Ashish Dhawan and 40 other philanthropists co-founded Ashoka University which is India’s first liberal arts university of its kind.
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Ashish Dhawan Portfolio – Top Holdings
| Company | Shares held | Stock price (INR) | Value (INR crore) |
| Glenmark Pharma | 5,300,000 | 1376.0 | 729.25 |
| IDFC First Bank | 86,800,000 | 59.3 | 514.64 |
| M&M Financial | 14,600,000 | 258.6 | 377.56 |
| Quess Corp | 5,861,223 | 590.0 | 345.81 |
| Equitas Small Finance Bank | 40,370,000 | 56.3 | 227.28 |
| AGI Greenpac | 3,100,000 | 729.5 | 226.15 |
| Religare Enterprises | 7,605,608 | 215.8 | 164.12 |
| Greenlam Industries | 4,814,210 | 214.7 | 103.36 |
| RPSG Ventures | 1,234,286 | 770.0 | 95.04 |
| Arvind Fashions | 2,029,799 | 368.0 | 74.70 |
| Dish TV | 28,957,491 | 5.4 | 15.72 |
| Palred Technologies | 678,189 | 44.8 | 3.04 |
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Evaluation of Ashish Dhawan Portfolio 2025
As of the latest data for the March 2025 quarter, Ashish Dhawan portfolio consists of 12 stocks. His investment style is concentrated, he has less than 14 stocks in his portfolio for the past couple of years.
As of March 2025, his portfolio has seen significant changes from last year March 2024. His largest holding is in Glenmark Pharmaceuticals valued at INR 729.4 crore but its percentage has decreased from 2.6% in March 2024 to 1.9% in March 2025.
Overall, Ashish Dhawan’s portfolio demonstrates a mix of stability in key holdings and strategic adjustments in response to market conditions between December 2023 and December 2024, highlighting his adaptive investment approach.
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Ashish Dhawan Latest Portfolio Advice on Investing
- Smart and Diversified Investment for Good Returns: Ashish Dhawan lost his investments in numerous telecom businesses during the Dot Com catastrophe when he was in his late 20s, but because of his diverse portfolio, he made six times as much money on BPO player SpectraMind and avoided bankruptcy.
ChrysCapital invested USD 10 million (~INR 86 crore) in SpectraMind and earned USD 60 (~INR 516 crore) million in a few years. It also earned huge profits by investing in Axis Bank, Yes Bank, Shriram Transport Finance, Global Vantedge, TechTeam, Gammon, and IVRCL.
- Analysis of the Market: Investors who want to feel confident about their investment in a business should research the market profits and potential hazards before making a decision. Analyzing the many hazards involved and being aware of the potential headwinds could aid in the success of an endeavor.
Ashish Dhawan doesn’t understand the risks associated with these investments and has also suffered losses in Allsec Technologies, Orient Green Power and Mastek.
- Long-Term Investment: Ashish Dhawan has always ignored short term market fluctuations and invested for long term which has given him higher returns.
He invested in Mphasis in 2001 and bought shares for INR 350 each. Mphasis’s share price soon dropped to INR 50, but Dhawan stuck onto his shares according to protocol and went on to reap five times the gains. Market instability can create chaos among investors. However, it is smart for investors to stay invested for a longer period to earn higher returns.
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Ashish Dhawan Net Worth
According to corporate reports filed for the March 2025 quarter, Ashish Dhawan net worth from the equity investments was around INR 2,876.66 crore. Dhawan’s net worth keeps changing based on stock price fluctuations.
As of the date of writing this article, Ashish Dhawan net worth tied to the stock market was largely divided into 12 stocks with an average shareholding of INR 239.72 crore.
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Ashish Dhawan Net Worth FAQs
What is the net worth of Ashish Dhawan in rupees?
As of the March 2025 quarter, Ashish Dhawan’s net worth in rupees is approximately INR 2,876.66 crore.
What is Ashish Dhawan date of birth?
Ashish Dhawan was born on 10 March 1969, in New Delhi, India.
What is Ashish Dhawan’s age?
As of 2025, Ashish Dhawan is 55 years old. Born in 1969, he is a prominent Indian philanthropist and founder of the Central Square Foundation.
Who is Ashish Dhawan’s wife?
Ashish Dhawan’s wife is Manisha Dhawan. The couple married in 1998 and have two daughters, Ayla and Anya.