Madhusudan Kela is a well-known Indian investor and businessman from Kurud, Chhattisgarh with over 30 years of experience in sell-side and buy-side investment mandates. He has held various positions, including Chief Investment Officer at Reliance Capital Limited and promoter of MK Ventures. In this article, we will delve deeper into Madhusudan Kela portfolio, net worth, and investment style and explore what makes her stand out from other investors.
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Table of Contents
Who is Madhusudan Kela?
Madhusudan Kela did his Master’s in Management Studies from K. J. Somaiya Institute of Management Studies and Research (SIMSR) in Mumbai in 1991. His career began in equity research at CIFCO and Sharekhan. In 1994, he joined Motilal Oswal to establish its institutional desk. He transitioned to UBS in 1996 and eventually joined Reliance Mutual Fund in 2001.
In 2004, Madhusudan Kela was honored with the Business Standard Equity Fund Manager of the Year Award by Prime Minister Manmohan Singh. He rose steadily in his career at Reliance Capital Asset Management Company to become Chief Investment Officer in 2008 and by 2018 he was Chief Investment Strategist where he managed the investment portfolio and gave investment guidance to the company.
In this role, he created investment strategies for the company and led a team of analysts and fund managers. Later, he left Reliance and started his proprietary investment firm MK Ventures. He also acquired a listed NBFC and renamed it MKVentures Capital Limited. Currently, he is the promoter of MKVentures and sits on the board of various companies.
Kela is a popular guest on top business news channels in India including CNBC TV18, ET Now, Bloomberg, BTVI, CNBC Awaaz and Zee Business. He is a panelist at investment forums and major conferences organized by industry bodies like FICCI, CII and ICAI and domestic and international institutions related to capital markets.
He is also involved in social and religious causes and is the founder and trustee of Plaksha University.
Portfolio Diversification of Madhusudan Kela
Madhusudan Kela portfolio is a well planned diversified portfolio. It has stocks from various sectors like Finance, Textiles, Pharmaceuticals, Capital Goods, Printing & Publication, Consumer Services and Information Technology. Kela’s approach is to balance risk and opportunity and to capitalize on growth in different sectors. This diversification is in line with his investment philosophy of managing risk and seizing growth across different sectors.
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Inspired by Rakesh Jhunjhunwala
Madhusudan Murlidhar Kela unwraps his investment philosophy and emphasizes the importance of emotional control in long term investments. He credits Jhunjhunwala for shaping his investment skills and shows the camaraderie among financial gurus.
“I was also influenced by Peter Bregman’s book, 18 Minutes. It provides actionable insights to improve efficiency in different aspects of your life,” Kela remarks, underscoring the multidimensional approach he adopts in his investment strategy.
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Portfolio of Madhusudan Kela – Top Holdings
| Company | Shares held | Stock price (INR) | Value (INR crore) |
| Choice International | 20,908,764 | 503.4 | 1052.44 |
| Waaree Energies | 3,341,700 | 2155.5 | 720.30 |
| Mkventures Capital | 2,858,027 | 1425.0 | 407.27 |
| Nazara Technologies | 1,096,305 | 969.0 | 106.23 |
| Sangam | 2,440,699 | 380.0 | 92.73 |
| Indostar Capital | 3,379,834 | 265.0 | 89.57 |
| Samhi Hotels | 3,748,681 | 144.4 | 54.13 |
| Rashi Peripherals | 1,607,717 | 281.2 | 45.20 |
| Bombay Dyeing | 3,416,600 | 123.7 | 42.25 |
| IRIS Business | 1,072,000 | 327.1 | 35.06 |
| Niyogin Fintech | 5,020,000 | 48.9 | 24.53 |
| Unicommerce eSolutions | 1,834,301 | 120.2 | 22.05 |
| Repro | 475,000 | 402.5 | 19.12 |
| Kopran | 704,593 | 174.4 | 12.29 |
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Performance Metrics of Madhu Kela Portfolio
Madhusudan Kela Net worth performance metrics provide valuable insights into the investment strategies and outcomes of this renowned investor.
- Sectoral Allocation: The sectoral allocation gives an idea of the sectors Kela is positive on and gives a clue about his market outlook and investment thesis.
- Portfolio Composition Changes: Watching the changes in the portfolio composition gives an idea of Kela’s adaptive strategy and how he adjusts to market dynamics and opportunities.
- Stock Selection Criteria: Individual stock picks show Kela’s selection criteria and his investment philosophy.
- Consistent Returns: The portfolio has given consistent returns over time and shows Kela’s investment strategy and decision-making.
- Benchmark Performance: Portfolio performance vs benchmarks helps to see how Kela is beating market and industry peers.
- Risk Management: The portfolio’s risk management practices reveal how Kela mitigates investment risks and preserves capital in volatile market conditions.
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Madhusudan Kela Net Worth
According to corporate reports filed for the March 2025 quarter, Madhu Kela net worth from the equity investments was around INR 2,723.17 crore. This net worth keeps changing based on price fluctuations on BSE and NSE. This includes only the companies where her shareholding exceeds 1%.
As of the date of writing this article, Madhusudan Kela net worth tied to the stock market was largely divided into a highly concentrated portfolio of 14 stocks with an average shareholding of INR 194.51 crore.
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Madhu Kela Net Worth FAQs
What is included in the Madhu Kela MK Ventures portfolio?
Madhu Kela’s MK Ventures portfolio includes stakes in Choice International, IRIS, Sangam India, Kopran, Nazara, and Waaree Energies.
What is included in the Madhuri Madhusudan Kela portfolio?
Madhusudan Kela’s wife, Madhuri Kela, is a notable investor with stakes in Waaree Energies, Indostar Capital, Kopran, and Godavari Biorefineries.
What is Madhusudan Kela’s age?
Madhusudan Kela, a seasoned Indian investor, was born on 15 November 1965, making him 59 years old as of 2025.
What is the education detail of Madhusudan Kela?
Madhusudan Kela earned a Bachelor of Commerce from Pt. Ravishankar Shukla University, Raipur, and a Master of Management Studies in Finance from K.J. Somaiya Institute of Management Studies and Research, Mumbai, graduating in 1991.