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 stock market in 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.
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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 on identifying a company’s competitive advantages (or “moats”) and evaluating the credibility of the management team. This detailed analysis helps him to take 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 March 2025, the value of Mukul Agrawal portfolio stood at INR 6,268.45 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) |
| BSE | 1,800,000 | 5543.7 | 997.86 |
| Neuland Laboratories | 400,000 | 10998.1 | 439.92 |
| Radico Khaitan | 1,400,083 | 2318.5 | 324.61 |
| Nuvama Wealth | 500,000 | 5354.1 | 267.70 |
| OneSource Specialty Pharma | 1,630,147 | 1489.1 | 242.75 |
| PTC Industries | 160,000 | 13200.1 | 211.20 |
| Capacit’e Infraprojects | 5,150,000 | 351.8 | 181.15 |
| Sarda Energy & Minerals | 4,176,000 | 419.5 | 175.18 |
| Deepak Fertilisers | 1,500,000 | 1150.0 | 172.50 |
| Zota Healthcare | 2,216,989 | 774.1 | 171.61 |
| Dishman Carbogen | 8,617,000 | 188.9 | 162.77 |
| MPS | 762,457 | 2106.0 | 160.57 |
| J Kumar Infraprojects | 1,975,000 | 685.2 | 135.33 |
| PDS | 3,465,000 | 382.0 | 132.36 |
| LT Foods | 4,000,000 | 321.5 | 128.58 |
| Intellect Design Arena | 2,000,000 | 610.7 | 122.14 |
| Ceat | 450,000 | 2679.3 | 120.57 |
| Pearl Global | 1,200,000 | 913.4 | 109.61 |
| KDDL | 423,180 | 2572.0 | 108.84 |
| ASM Technologies | 762,500 | 1288.5 | 98.24 |
| Kirloskar Ferrous | 2,000,000 | 451.9 | 90.37 |
| Kingfa Science | 300,000 | 2910.0 | 87.30 |
| Raymond Lifestyle Ltd. | 800,000 | 1021.2 | 81.69 |
| KRN Heat Exchanger and Ref… | 1,000,000 | 767.7 | 76.77 |
| Ethos | 300,000 | 2502.0 | 75.06 |
| Indo Count | 2,500,000 | 279.3 | 69.83 |
| TAAL Enterprises | 277,931 | 2500.0 | 69.48 |
| Strides Pharma | 1,066,000 | 583.0 | 62.15 |
| Ajmera Realty | 759,493 | 803.1 | 60.99 |
| Apollo Pipes | 1,500,000 | 396.1 | 59.42 |
| Lux Industries | 442,100 | 1314.7 | 58.12 |
| Arman Fin Serv | 400,000 | 1365.0 | 54.60 |
| WPIL | 1,400,000 | 389.0 | 54.46 |
| Oriental Rail | 3,400,000 | 156.6 | 53.23 |
| AYM Syntex | 2,301,369 | 226.4 | 52.10 |
| Sula Vineyards | 1,850,000 | 267.1 | 49.40 |
| West Coast Paper | 1,000,000 | 425.2 | 42.52 |
| Prakash Industries | 2,500,000 | 160.4 | 40.09 |
| Allcargo Gati | 7,000,000 | 55.0 | 38.47 |
| Pix Transmissions | 250,000 | 1490.5 | 37.26 |
| Raghav Productivity Enhancers | 712,296 | 515.0 | 36.68 |
| Sirca Paints | 1,433,421 | 255.0 | 36.55 |
| Enviro Infra Engineers Ltd. | 1,800,000 | 200.2 | 36.03 |
| India Metals & Ferro Alloys | 599,329 | 586.0 | 35.12 |
| Bella Casa Fashion | 917,500 | 377.0 | 34.59 |
| Suryoday Small Finance Bank | 3,000,000 | 113.0 | 33.90 |
| Vidhi Specialty Food | 800,000 | 413.7 | 33.09 |
| Thejo Engineering | 180,000 | 1780.3 | 32.05 |
| InfoBeans Tech | 1,121,478 | 280.4 | 31.44 |
| Siyaram Recycling | 2,200,000 | 131.3 | 28.89 |
| Vasa Denticity | 410,000 | 695.0 | 28.50 |
| Allcargo Logistics | 10,000,000 | 27.3 | 27.29 |
| Stanley Lifestyles | 900,000 | 302.7 | 27.24 |
| Surya Roshni | 1,100,000 | 238.7 | 26.26 |
| Ravindra Energy | 2,162,162 | 117.0 | 25.29 |
| Concord Control | 240,000 | 1050.0 | 25.20 |
| Prakash Pipes | 600,000 | 381.5 | 22.89 |
| Hind Rectifiers | 250,000 | 899.9 | 22.50 |
| Quick Heal Tech | 700,000 | 261.8 | 18.33 |
| Transpek Industry | 118,578 | 1200.0 | 14.23 |
| Tracxn Technologies | 2,000,000 | 51.5 | 10.30 |
| MITCON Consultancy | 480,773 | 66.0 | 3.17 |
| Autoriders Intl | 61,250 | 349.9 | 2.14 |
Mukul Agrawal Portfolio
Dr Mukul Agrawal net worth is diversified across sectors like transport, logistics, textiles, chemicals, and media. As of March 2025, Dr Mukul Agrawal’s portfolio has seen some changes compared to March 2024. His largest holding is in BSE, valued at INR 997.86 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 March 2024 and March 2025.
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Mukul Agrawal Net Worth
According to corporate reports filed for the March 2025 quarter, Mukul Agrawal net worth from the equity investments was around INR 6,268.45 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 63 stocks with an average shareholding of INR 99.50 crore.
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.