Last updated on July 6, 2024
One of the top stock market investors in India is Ashish Kacholia. He holds a BE in Production Engineering from Mumbai University and an MMS from Jamnalal Bajaj Institute of Management Studies. He is renowned for selecting stocks in the small- and mid-cap sectors. Here we take a look at Ashish Kacholia net worth, portfolio, investing style, and more.
Ashish Kacholia’s Investment Journey
Kacholia embarked on his professional journey at Prime Securities, with a brief stint at Edelweiss Capital. It was during this time that he began investing his savings in stocks, which sparked his passion for the stock market. Starting as a humble investor, Kacholia gradually developed a keen eye for identifying promising businesses with substantial growth potential.
In 2003, Ashish Kacholia established his own company, Lucky Securities, after co-founding the digital entertainment firm Hungama Digital. Alongside Kacholia, notable co-founders of Lucky Securities included Hiren Ved, Lashit Sanghvi, Rakesh Jhunjhunwala, and Neeraj Roy. However, Kacholia’s primary focus remained on Lucky Securities, where he conducted most of his multi-bagger investments.
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One of Kacholia’s well-known investment successes was in the pharmaceutical company Ajanta Pharma in 2012. At the time, the company’s shares were trading at around INR 250 each. Over the subsequent years, Ajanta Pharma experienced significant growth in sales and profits, leading to a rise in its stock price. Eventually, the stock price surpassed INR 2,000 per share in 2015.
Another notable stock pick by Ashish Kacholia was Mastek Limited. He began accumulating Mastek’s shares at approximately INR 180 per share in early 2016. As the company’s financials and business prospects improved, Kacholia continued to increase his position in the company. By the end of the year, Mastek’s stock had more than tripled, reaching around INR 600 per share.
During the March quarter of 2023, Ashish Kacholia was actively adding to his portfolio. He introduced three new stocks, namely Aditya Vision, Inflame Appliances, and Virtuoso Optoelectronics, while also increasing his stake in Garware Hi-Tech Films and Knowledge Marine & Engineering Works.
Some of Kacholia’s other notable investments include Polycab India, Majesco, KPIT Technologies, and Atul Auto.
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Ashish Kacholia Portfolio – Top Holdings
| Company | Shares held | Stock price (INR) | Value (INR crore) |
| Shaily Engineering Plastics Ltd. | 4,413,480 | 885.0 | 390.59 |
| Gravita India Ltd. | 1,484,399 | 1,422.0 | 211.08 |
| Garware Hi-Tech Films Ltd. | 794,000 | 2,556.0 | 202.95 |
| Safari Industries (India) Ltd. | 900,000 | 2,167.1 | 195.04 |
| PCBL Ltd. | 6,898,990 | 262.0 | 180.75 |
| Beta Drugs Ltd. | 1,203,644 | 1,213.0 | 146.00 |
| NIIT Learning Systems Ltd. | 2,850,000 | 468.0 | 133.38 |
| Aditya Vision Ltd. | 239,506 | 4,556.0 | 109.12 |
| Cosmic CRF Ltd. | 534,400 | 1,720.0 | 91.92 |
| Yasho Industries Ltd. | 475,394 | 1,932.0 | 91.85 |
| Zaggle Prepaid Ocean Services | 2,903,356 | 295.9 | 85.91 |
| Carysil Ltd. | 1,000,000 | 838.1 | 83.81 |
| Ador Welding Ltd. | 566,600 | 1,430.7 | 81.06 |
| Balu Forge Industries Ltd. | 2,190,500 | 365.1 | 79.96 |
| Xpro India Ltd. | 808,550 | 986.0 | 79.72 |
| Sky Gold Ltd. | 404,116 | 1,842.9 | 74.47 |
| Agarwal Industrial Corporation | 597,977 | 1,240.0 | 74.15 |
| Man Industries (India) Ltd. | 1,362,395 | 463.0 | 63.08 |
| Faze Three Ltd. | 1,317,554 | 454.5 | 59.88 |
| Vaibhav Global Ltd. | 1,748,000 | 337.6 | 59.01 |
| Walchandnagar Industries Ltd. | 1,754,385 | 300.3 | 52.69 |
| HLE Glascoat Ltd. | 958,010 | 487.4 | 46.69 |
| DU Digital Global Ltd. | 6,380,000 | 70.6 | 45.04 |
| Knowledge Marine & Engineering | 300,000 | 1,350.1 | 40.50 |
| Updater Services Ltd. | 1,305,000 | 309.0 | 40.32 |
| Ugro Capital Ltd. | 1,445,936 | 275.5 | 39.84 |
| Raghav Productivity Enhancers | 463,366 | 857.4 | 39.73 |
| Basilic Fly Studio Ltd. | 646,800 | 607.0 | 39.26 |
| Aeroflex Industries Ltd. | 2,321,825 | 159.2 | 36.96 |
| Stove Kraft Ltd. | 576,916 | 639.1 | 36.87 |
| Vasa Denticity Ltd. | 609,000 | 595.0 | 36.24 |
| Barbeque-Nation Hospitality Ltd. | 557,510 | 585.0 | 32.61 |
| Genesys International Corporation | 518,734 | 625.8 | 32.46 |
| Tanfac Industries Ltd. | 118,229 | 2,502.0 | 29.58 |
| Dhabriya Polywood Ltd. | 696,178 | 372.0 | 25.90 |
| Repro India Ltd. | 400,000 | 630.0 | 25.20 |
| SG Finserve Ltd. | 638,366 | 385.9 | 24.63 |
| Virtuoso Optoelectronics Ltd. | 681,070 | 336.7 | 22.93 |
| Sastasundar Ventures Ltd. | 598,902 | 374.0 | 22.40 |
| Saakshi Medtech & Panels Ltd. | 622,800 | 335.0 | 20.86 |
| Shankara Building Products Ltd. | 259,760 | 709.0 | 18.42 |
| Universal Autofoundry Ltd. | 1,034,353 | 168.8 | 17.46 |
| Inflame Appliances Ltd. | 308,000 | 486.0 | 14.97 |
| Megatherm Induction Ltd. | 316,800 | 450.0 | 14.26 |
| Brand Concepts Ltd. | 174,019 | 599.0 | 10.42 |
| Sanjivani paranteral Ltd. | 370,000 | 223.0 | 8.25 |
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Ashish Kacholia’s Investment Philosophy
Ashish Kacholia’s investment philosophy is rooted in the principles of value investing. He firmly believes in long-term investments and seeks out businesses that possess strong competitive advantages, effective management teams, and attractive valuations.
Kacholia greatly admires Warren Buffett, often referred to as the Oracle of Omaha, and draws inspiration from his investment strategies and insights.
According to Ashish Kacholia, one of the crucial factors to consider when investing is the quality of a company’s management. He recognizes that capable and visionary leadership plays a pivotal role in the success or failure of a business.
Interestingly, when examining Ashish Kacholia portfolio, it becomes apparent that he favors companies in traditional industries such as manufacturing and chemicals, rather than investing heavily in new-age businesses.
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Ashish Kacholia Net Worth
According to corporate reports filed for the June 2024 quarter, Ashish Kacholia net worth from the equity investments was around INR 3,268.24 crore. This net worth keeps changing based on stock price fluctuations.
As of the date of writing this article, Ashish Kacholia net worth tied to the stock market was largely divided into 46 stocks with an average shareholding of INR 71.05 crore.
