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Top 10 Richest Investors In India 2023

10 Apr 2024


Every stock market investor desires to build wealth like the richest investors in India. These investors have distinguished themselves by achieving remarkable success in the industry. They have emerged as role models with their investment strategies, philosophies, and approaches to risk management.

You can draw inspiration from their stories, but it may not be sensible to emulate their styles or portfolios. Your investment portfolio must align with your priorities and financial objectives. 

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Top 10 richest investors in India in 2023

1. Radhakishan Damani

Radhakishan Damani is the founder of DMart. He started his business career before becoming a full-time multibillionaire investor. He deeply understands Indian consumers, and his company is a profitable retail chain. 

Radhakishan Damani’s portfolio is a mix of investments in Avenue Supermarts Ltd., the parent company of DMart, Tata Motors, Gati, India Cements, and VST Industries Ltd. 

2. Raamdeo Agrawal

Raamdeo Agrawal is a well-known Indian securities and exchanges finance expert. In 1987, he co-founded Motilal Oswal Financial Services Ltd. He is recognized for his value investing approach. 

In 1995, Raamdeo Agrawal invested an amount of INR 10 lakh in Hero Honda. Back then, the company’s market value was INR 1000 crores only. He held the shares for 20 years until their price rose from INR 30 to INR 2600 per share. His other significant investments include Maruti Suzuki, Sun Pharmaceutical, Bharat Wire Ropes, and HDFC Bank

3. Ramesh Damani

Ramesh Damani is one of the richest investors in India. He is the son of a famous stock market analyst and investor. He started his wealth-building journey in the 1990s when the Sensex was around 600. 

Ramesh Damani’s first notable investment was in Infosys. His portfolio also comprises stocks in Godrej Industries, Goldiam International, Panama Petrotech, etc. 

4. Ashish Dhawan

Ashish Dhawan is an MBA from Harvard University. He is an expert in the stock market, philanthropy, and entrepreneurship. He is the CEO of Central Square Foundation and played a vital role in establishing Ashoka University. He managed ChrysCapital, one of India’s most successful private equity in India, for 20 years. 

Ashish Dhawan’s notable investments are Equitas Holdings Ltd., IDFC Ltd., Glenmark Pharmaceuticals Ltd., and Birlasoft Ltd.

5. Mohnish Pabrai

Mohnish Pabrai is one of the top 10 richest investors in India. He considers Warren Buffet his financial mentor and makes his investments profitable by adhering to Buffet’s value investment concept. 

He is a managing partner at Pabrai Investment Fund, founded in 1999. 

6. Vijay Kedia

Vijay Kedia started trading equities on the stock exchange at 19. He makes uncomplicated yet effective investments. He owns Kedia Securities, one of the country's most trusted stock broking houses. 

Vijay Kedia’s portfolio comprises shares of companies like Repro India, Mahindra Holidays, Elecon Engineering, etc. 

7. Mukul Agrawal

Mukul Agrawal has recently made it to the list of richest investors in India. He runs and manages Agrawal Corporate Pvt. Ltd., a service-based company. He is a popular TedX and motivational speaker. 

Mukul Agrawal is a moderately aggressive investor. He takes the risk by buying penny stocks that can become multi-baggers. 

8. Sunil Singhania

Sunil Singhania is the CIO of Reliance Mutual Fund. He has earned a place in the hearts of stock investors and traders. 

Sunil Singhania prefers to diversify his portfolio. This is evident from his holdings in Polyplex Corporation Ltd., Jindal Stainless Ltd., Saregama India Ltd., Acrysil Ltd., Paras Defence and Space Technologies Ltd., Route Mobile Ltd., and Mastek Ltd

9. Porinju Veliyath

Porinju Veliyath is one of the richest investors in India. He owns the fund management company Equity Intelligence Pvt. Ltd. He developed an interest in the stock market at a young age and is recognised for his contrarian investing approach. 

Porinju Veliyath made notable investments in companies like Emkay Global, Balaji Amines, Rain Industries, and others. 

10. Ashish Kacholia

Ashish Kacholia is the founder of Lucky Investment Managers. He is recognized for his multi-bagger mid and small-cap selections. He prefers the education sector and considers it a hidden treasure. 

Ashish Kacholia has invested in Birlasoft Ltd., ADF Foods, NIIT Ltd., Aurum Proptech, Paushak Ltd., Acrysil Ltd., and other companies. 

Final thoughts

The aforementioned investors have made it big in the Indian stock market with a diversified investment approach. Motilal Oswal is a trusted stockbroker with professional financial portfolio management services (PMS) to help you earn consistent investment returns. 


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