Mukul Agrawal, officially known as Mukul Mahavir Agrawal in official records, is a well-known investor in India, known for his expertise in selecting micro and small-cap stocks with huge growth potential. He started his journey in the stock market in the late 1990s and has been following the same investment strategy since then. Here we take a look at Mukul Agrawal net worth, portfolio, investing style, and more.
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Mukul Agrawal’s Investment Firm: Param Capital
Param Capital, founded in 1993 by Mukul Agrawal, is a Mumbai-based capital market trading and investment firm specializing in long-term value investing across private and public markets in India. Mukul Agrawal serves as the Chairman, while Vijay Khetan holds the position of Executive Director. Mukul Agrawal is married to Asha Mukul Agrawal, who serves as a director at Param Capital.
Sanshi Fund is another firm through which the investor routes his bets, especially in IPO-bound companies.
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Mukul Mahavir Agrawal Portfolio – Investment Philosophy
Focus on Small and Micro-Cap Companies:
Agrawal invests in small and micro-cap stocks, which he believes have huge growth potential. He follows a patient investment strategy as these companies may take years to realize their full potential. This long-term perspective allows him to ride the growth story of these companies.
In-Depth Fundamental Analysis:
A key part of Agrawal’s approach is doing a thorough fundamental analysis. He emphasizes identifying a company’s competitive advantages (or “moats”) and evaluating the credibility of the management team. This detailed analysis helps him to make investment decisions based on the company’s intrinsic value rather than market hype.
Calculated Risk-Taking:
Agrawal is known for taking calculated risks, especially with penny stocks which can become multibaggers. His aggressive investment style is backed by thorough research, so he can take decisions even in a volatile market.
Labeled the “New Star” of India’s stock market, Mukul Agarwal’s investment approach has yielded supernormal returns. As of June 2025, the value of Mukul Agrawal portfolio stood at INR 6,826.67 crore. This includes only the companies where his shareholding exceeds 1%.
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Mukul Agrawal Portfolio – Top Holdings
| Company | Shares held | Stock price (INR) | Value (INR crore) |
| Neuland Laboratories | 400,000 | 14,761.0 | 590.44 |
| BSE | 1,600,000 | 2,467.5 | 394.80 |
| Radico Khaitan | 1,400,083 | 2,736.2 | 383.09 |
| Nuvama Wealth | 500,000 | 7,402.0 | 370.10 |
| OneSource Specialty Pharma | 1,500,000 | 2,009.9 | 301.49 |
| Zota Healthcare | 2,366,989 | 1,205.2 | 285.26 |
| Deepak Fertilisers | 1,500,000 | 1,569.0 | 235.35 |
| Intellect Design Arena | 2,000,000 | 1,170.5 | 234.10 |
| PTC Industries | 160,000 | 14,431.0 | 230.90 |
| MPS | 762,457 | 2,860.0 | 218.06 |
| Dishman Carbogen | 8,617,000 | 252.5 | 217.58 |
| ASM Technologies | 762,500 | 2,789.7 | 212.71 |
| LT Foods | 3,900,000 | 481.6 | 187.82 |
| Capacit’e Infraprojects | 5,150,000 | 316.2 | 162.82 |
| Jammu & Kashmir Bank | 14,000,000 | 112.3 | 157.15 |
| J Kumar Infraprojects | 1,975,000 | 714.0 | 141.02 |
| Pearl Global | 900,000 | 1,546.6 | 139.19 |
| PDS | 3,465,000 | 390.0 | 135.14 |
| KDDL | 423,180 | 2,770.0 | 117.22 |
| Kirloskar Ferrous | 2,000,000 | 571.7 | 114.34 |
| Kingfa Science | 300,000 | 3,418.0 | 102.54 |
| Raymond Lifestyle Ltd. | 799,856 | 1,269.0 | 101.50 |
| Strides Pharma | 1,066,000 | 911.8 | 97.20 |
| TAAL Enterprises | 277,931 | 3,480.0 | 96.72 |
| KRN Heat Exchanger and Ref… | 1,000,000 | 881.0 | 88.10 |
| Indo Count | 2,500,000 | 284.0 | 71.00 |
| Surya Roshni | 2,200,000 | 317.0 | 69.74 |
| Ajmera Realty | 759,493 | 890.0 | 67.59 |
| Arman Fin Serv | 400,000 | 1,680.0 | 67.20 |
| Lux Industries | 442,100 | 1,460.0 | 64.55 |
| Apollo Pipes | 1,500,000 | 417.0 | 62.55 |
| Concord Control | 335,542 | 1,790.0 | 60.06 |
| Sirca Paints | 1,433,421 | 417.4 | 59.83 |
| Oriental Rail | 3,400,000 | 173.3 | 58.91 |
| WPIL | 1,400,000 | 413.0 | 57.82 |
| AYM Syntex | 2,301,369 | 231.6 | 53.30 |
| Enviro Infra Engineers Ltd. | 1,800,000 | 277.7 | 49.98 |
| West Coast Paper | 900,000 | 538.0 | 48.42 |
| Allcargo Gati | 7,000,000 | 68.0 | 47.60 |
| India Metals & Ferro Alloys | 599,329 | 751.6 | 45.05 |
| Sula Vineyards | 1,500,000 | 298.5 | 44.78 |
| InfoBeans Tech | 1,121,478 | 365.9 | 41.03 |
| Suryoday Small Finance Bank | 3,000,000 | 135.1 | 40.54 |
| Prakash Industries | 2,500,000 | 158.8 | 39.70 |
| Thejo Engineering | 180,000 | 2,200.0 | 39.60 |
| Bella Casa Fashion | 917,500 | 431.0 | 39.54 |
| Pix Transmissions | 250,000 | 1,550.0 | 38.75 |
| Raghav Productivity Enhancers | 478,000 | 687.8 | 32.88 |
| Hind Rectifiers | 250,000 | 1,306.0 | 32.65 |
| Vidhi Specialty Food | 800,000 | 406.0 | 32.48 |
| Siyaram Recycling | 2,200,000 | 144.0 | 31.67 |
| Stanley Lifestyles | 900,000 | 335.0 | 30.15 |
| Jagsonpal Pharma | 1,157,557 | 253.8 | 29.38 |
| Ravindra Energy | 2,162,162 | 128.1 | 27.69 |
| Vasa Denticity | 410,000 | 617.0 | 25.30 |
| Monolithisch | 500,000 | 460.0 | 23.00 |
| Prakash Pipes | 564,500 | 386.0 | 21.79 |
| Transpek Industry | 118,578 | 1,638.0 | 19.42 |
| Sahasra Electronic | 564,800 | 291.0 | 16.44 |
| Tracxn Technologies | 2,000,000 | 60.1 | 12.02 |
| Autoriders Intl | 61,250 | 937.4 | 5.74 |
| MITCON Consultancy | 476,187 | 82.1 | 3.91 |
Mukul Agrawal Portfolio
Dr Mukul Agrawal net worth is diversified across sectors like transport, logistics, textiles, chemicals, and media. As of the June 2025 quarter, Dr Mukul Agrawal’s portfolio has seen some changes compared to the March 2025 quarter. His largest holding is in Neuland Laboratories, valued at INR 590.44 crore.
Overall, Dr Mukul Agrawal’s portfolio reflects a combination of stability in several holdings while also incorporating new investments and slight adjustments in others as he continues to navigate the market landscape between the March 2025 quarter and the June 2025 quarter.
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Mukul Agrawal Net Worth
According to corporate reports filed for the June 2025 quarter, Mukul Agrawal net worth from the equity investments was around INR 6,826.67 crore. This net worth keeps changing based on stock price fluctuations.
As of the article’s writing, Dr Mukul Agrawal net worth tied to the stock market was largely divided into 62 stocks with an average shareholding of INR 110.11 crore.
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Mukul Agrawal Net Worth FAQs
Is there a Wikipedia page for Mukul Mahavir Agarwal?
Currently, there is no official Mukul Mahavir Agarwal Wikipedia page available.
What is the role of Mukul Agrawal family in investment?
Mukul Agrawal’s family actively invests through Param Capital, his wife holds stakes in stocks and luxury real estate.
What is Mukul Agrawal’s age?
Mukul Agrawal was born in 1981, making him approximately 44 years old as of 2025.
Who is Mukul Agrawal’s wife?
Asha Mukul Agrawal is the wife of Mukul Mahavir Agrawal.
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