Ashish Dhawan Net Worth, Portfolio and More Details

November 6, 2024

Ashish Dhawan has established himself as one of the most successful investors in India. The former private equity investor is the founder and Chairman of the Central Square Foundation (CSF), which focuses on ensuring quality school education for all children in India. Here we take a look at Ashish Dhawan net worth, portfolio, investing style, and more.

Ashish Dhawan was born in New Delhi in 1969. After graduating from Yale University, he pursued an MBA at Harvard University. He began 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.

Laying the Groundwork for ChrysCapital

Ashish Dhawan returned to India in 1999 and founded ChrysCapital at a time when private equity was still a nascent concept in the country. He successfully transformed the venture, and within 5–6 years, ChrysCapital emerged as one of India’s largest private equity firms, managing an AUM of USD 1 billion.

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 cultivate the next generation of Indian leaders.

In 2012, he established the Central Square Foundation, a grant-making organization that acts as a think tank for public policy aimed at improving educational standards in India. The foundation also focuses on providing education to children from underprivileged backgrounds.

Furthermore, in 2014, Ashish Dhawan and 40 other philanthropists co-founded Ashoka University, which is recognized as India’s first liberal arts university of its kind.

Evaluation of Ashish Dhawan Portfolio 2024

As of the latest data for the September 2024 quarter, Ashish Dhawan portfolio consists of 11 stocks. His investment approach is characterized by concentration, maintaining the number of stocks in his portfolio below 15 over the past couple of years.

As of September 2024, Ashish Dhawan’s investment portfolio shows notable changes compared to the previous year, September 2023. His largest holding is in Glenmark Pharmaceuticals, valued at INR 1,200.20 crore, which remains stable at 2.6% of his portfolio, unchanged from September 2023.

Quess Corp has also seen a slight decline, dropping from 4.0% to 3.9%, with a holding value of INR 416.97 crore. RPSG Ventures, valued at INR 133.76 crore, has maintained a stable holding percentage of 3.7%, while Mahindra & Mahindra Financial Services remains steady at 1.2%. However, Arvind Fashions experienced a more significant decline, with its holding percentage decreasing from 4.9% to 1.8%, reflecting a strategic shift in Dhawan’s investment focus.

Overall, Ashish Dhawan’s portfolio demonstrates a mix of stability in key holdings and strategic adjustments in response to market conditions between September 2023 and September 2024, highlighting his adaptive investment approach.

Ashish Dhawan Portfolio – Top Holdings

Company	Shares held	Stock price (INR)	Value (INR crore)
Glenmark Pharmaceuticals	7,200,000	1,667.0	1200.20
Quess Corp Ltd.	5,861,223	711.4	416.97
Mahindra & Mahindra Financial Services	14,600,000	276.1	403.11
AGI Greenpac Ltd.	3,100,000	982.7	304.64
Equitas Small Finance Bank Ltd.	40,370,000	68.9	278.19
Greenlam Industries	4,814,210	558.3	268.78
Religare Enterprises	7,605,608	250.4	190.42
Arvind Fashions Ltd.	2,400,000	590.8	141.79
RPSG Ventures Ltd.	1,234,286	1,083.7	133.76
Dish TV India Ltd.	28,957,491	12.5	36.14
Palred Technologies	678,189	102.1	6.92

Ashish Dhawan 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 in SpectraMind and earned USD 60 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.

Due to Ashish Dhawan’s lack of understanding of the risks associated with these investments, he also suffered significant losses at Allsec Technologies, Orient Green Power, and Mastek.

Long-Term Investment: Ashish Dhawan has consistently ignored short-term market swings in favor of long-term investments that have yielded higher profits.

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.