In a strategic move that has caught the attention of the Indian investment community, seasoned investor Ashish Kacholia unveiled his latest portfolio additions during the quarter ending June 2023. Ugro Capital and SG Finserve are the latest additions to Ashish Kacholia Portfolio and given the investor’s astute investment style and choice of companies, these have sparked excitement in the market.
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Known for his uncanny ability to identify hidden gems in the stock market, Ashish Kacholia has long been regarded as one of India’s most prominent investors. A proponent of a growth-oriented approach, Kacholia favors companies with high growth potential over well-established blue-chip giants.
Kacholia’s investment strategy is characterized by patience and a long-term perspective. He believes in holding onto his chosen companies for extended periods, allowing them sufficient time to fully realize their growth potential. This approach often leads to compounded returns and underscores Kacholia’s confidence in the companies he selects.
Ugro Capital: Latest addition in Ashish Kacholia Portfolio
Among Kacholia’s recent investments, Ugro Capital stands out as a key player in India’s financial services sector. The company specializes in offering tailor-made financial solutions to micro, small, and medium enterprises (MSMEs). According to the latest statements, Kacholia bought 1,445,936 shares or 1.6% equity in the company, amounting to INR 34.6 crore at current rates. The stock surged nearly 9% on this news.
Kacholia’s entry into Ugro Capital reflects his optimism about the growth prospects of India’s bustling MSME segment. With the Indian economy on a rebound, MSMEs are poised to play a pivotal role in driving economic growth and generating employment opportunities.
Ugro Capital’s distinctive lending approach, supported by robust risk assessment models, positions it favorably to seize significant market opportunities in this dynamic segment. Additionally, the company’s focus on digital lending processes enhances its adaptability to evolving customer needs.
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SG Finserve: Capturing India’s Thriving Insurance Market
Another strategic move in Ashish Kacholia portfolio has been the addition of SG Finserve – an NBFC specializing in the business of lending, credit, and leasing facilities. According to the latest shareholding pattern, Kacholia owns 496,821 shares or a 1.2% equity stake in the company. This translates to a value of INR 31.7 crore at prevailing market prices.
SG Finserve was earlier named Moongipa Securities but is now renamed after a takeover by APL Apollo group. The company will now be engaged in channel financing for dealers of APL Apollo Tubes and further expand to offering the same to retailers. The NBFC will also provide bill discounting facilities to creditors of APL Apollo Tubes.
Kacholia’s interest in SG Finserve underscores his confidence in the untapped potential of this thriving market. With the backing of an established group like APL Apollo, SG Finserve will gain access to a big and readily available client base.
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The selection of Ugro Capital and SG Finserve reflects his belief in the growth potential of India’s financial services sector. Following a long-drawn clean-up of NPAs in banks, the sector is looking up again and credit demand is also picking up from industries.
