If you want to become a successful stock market investor one day, one important step is to learn from the super successful stock market investors in India who have gone before you. It’s fascinating to learn about these legendary investors’ journeys, what principles they followed, how long it took them to become successful, and so on. As a result, we’ll be talking about the people who are insanely successful in the Indian stock market today.
Anyway, before we get started, let me take a quick quiz. How many super-successful stock market investors are you familiar with?
So, let me make a guess. Everyone who enters the stock market is likely to have heard of “Warren Buffet.” He is the greatest investor of all time and the world’s fifth-richest person, having amassed his fortune through consistent investing. If you’ve read any investing books, you’ve probably heard of a few other well-known names. These names could include Benjamin Graham, Charlie Munger, Peter Lynch, Mohnish Pabrai, and others.
But do you know any super-rich investors who made a fortune by investing in the Indian stock market?
Yes, I can hear it in your head. Jhunjhunwala, Rakesh When we hear the phrase ‘RICH INDIAN STOCK MARKET INVESTOR,‘ we immediately think of this name. But how well do you know him? What about India’s other super successful stock market investors?
In this post, we’ll look at three of India’s most successful stock market investors. In addition, as a bonus, we’ll introduce you to a few other ace investors in India who you should get to know and learn from. Let’s get this started.
5 Insanely Successful Indian Stock Market Investors
1. Rakesh Jhunjhunwala
Net worth: $5.9 Billion USD (Sept 2021)
Born: Mumbai, India, 5 July 1960
Qualifications: Chartered Accountant (CA)
College: The University of Mumbai and the Institute of Chartered Accountants of India are both colleges (ICAI)
Occupation: Owner of RARE Enterprises, Investor, Trader, and Film Producer
Rakesh Jhunjhunwala, also known as “The Big Bull,” is a well-known and successful Indian stock market investor. He has made a fortune through stock trading and investing, and he is an inspiration to all those who want to succeed in the Indian stock market.
Rakesh Jhunjhunwala, the son of an income tax officer, entered the stock market after earning his Chartered Accountant degree. Starting with a mere Rs 5,000 investment, he now has a massive net worth of around Rs 41,000 crores as of 2021.
2. Radhakishan Damani (RK Damani)
Net worth: 23.1 Billion USD (Sept 2021)
Born: January 1954
Occupation: Investor, Stockbroker, Trader, and the Founder & Promoter of Dmart
Radhakishan Damani, also known as ‘Mr. White and White’ due to his simple attire of a white shirt and white trousers, is India’s wealthiest stock market investor and the owner of D-mart. He also happens to be the mentor of billionaire investor Rakesh Jhunjhunwala. RK Damani is known for keeping a low profile, and he rarely attends public events or press conferences.
RK’s experience in the Indian stock market has been truly inspirational. He wasn’t always invested in the stock market. He began his career as a ball-bearing trader, with no plans to enter the stock market. His future, on the other hand, has something else in store for him. RK Damani entered the stock market when he was 32 years old. RK Damani’s strategy is straightforward: invest in good companies over the long term. RK Damani always considers the company’s future prospects before investing, and he only invests if the product has long-term potential.
3. Ramesh Damani
Net worth: $5.9 Billion USD (Sept 2021)
Education: HR College, Mumbai (Bachelor’s degree in Commerce)
California State University (Master’s Degree in Business Administration)
Occupation – Founder of Ramesh s Damani Finance Pvt Ltd
Ramesh Damani, an investment guru and one of India’s most successful stock market investors, began his journey to riches in the 1990s, when the Sensex was 600 points. He graduated from HR College in Mumbai with a bachelor’s degree in commerce and a master’s degree in business administration from California State University.
‘Infosys’ was Ramesh Damani’s first well-known investment. Coming from a technical background in the United States, he recognized Infosys’s enormous future potential. As a result, when Infosys went public in 1993, he put Rs 10 lakhs into it. By 1999, he had received a more than 100-fold return on his investment.
Ramesh Damani’s investment philosophy is straightforward and easy to grasp. He is a long-term investor who advises against investing for short-term gain. Furthermore, he advises everyone to plan an exit strategy before investing in any stock. He goes on to say that the economy of a market is difficult to predict; however, if you have carefully researched the stock and devised a good strategy, you can easily make fortunes in it.
4. Raamdeo Agrawal
Networth – Around Rs 1,200 Cr
Age – 63
Occupation: Co-Founder of Motilal Oswal Financial Services Ltd.
Another well-known stock market investor in India is Raamdeo Agrawal, co-founder of Motilal Oswal Group. Raamdeo Aggrawal’s investing strategy over the last 30 years has been based on QGLB: quality, growth, longevity, and bargain value of a company.
He is well-known for investing in the legendary stock of Hero Motocorp (Hero Honda at the time) in 1995 when HERO was a small-cap with a market capitalization of only 1,000 crores. Raamdeo Aggrawal invested around Rs 10 lakh in the two-wheeler manufacturer’s shares at Rs 30 per share and held them for the next 20 years until the share price rose to Rs 2,600 per share.
Raamdeo Aggarwal, like most great investors, adheres to long-term investment principles. ‘The Intelligent Investor by Benjamin Graham and ‘One Up on Wall Street by Peter Lynch are two of his favourite books to read. Furthermore, he is enthralled by Michael Porter’s ideas on the competitive structure.
5. Vijay Kedia
Vijay Kedia, like many other investors on this list, brings exceptional stock market knowledge and an even more inspiring story. Despite being born into a stockbroker family, his journey in the stock market was fraught with difficulties. Despite discovering his passion for the stock market at the age of 14, he was forced to enter the market at the age of 19 due to his father’s death. He joined his family’s stock brokerage firm but had no intention of working here. He then ventured into trading, where he found much greater success.
Vijay Kedia is also well-known for his rather unconventional investment strategy. He refers to it as SMILE, which stands for Small in size, Medium in experience, Large in ambition, and Extra-large in market potential. Some of his notable investments from 2004 increased more than 100 times over the next ten years. Among his top stock picks throughout his career are Atul Auto, Aegis Logistics, and Cera sanitaryware.
Other Frequently Asked Questions About Successful Stock Market Investors in India
1) Who is India’s most successful investor?
Rakesh Jhunjhunwala, also known as the “Big Bull” in the Indian stock market, is widely regarded as India’s most successful stock market investor. Mr. Jhunjhunwala’s fortune in the stock market grew from a meager Rs 5,000 to Rs 41,000 Cr as of 2021. In addition to him, RK Damani, Ramesh Damani, Raamdeo Agarwal, and Vijay Kedia are all regarded as very capable investors in India.
2) Who are India’s largest traders?
Rakesh Jhunjhunwala, India’s most successful stock market veteran, regards himself as both a trader and an investor. He made a large sum of money trading stocks during his early days in the stock market and is thus regarded as India’s largest trader.
3. Who reigns supreme on Dalal Street?
Harshad Mehta was known as the ‘King of Dalal Street’ or the ‘Bachchan of the Stock Market’ in the 1990s due to his massive success in the Indian stock market. However, Rakesh Jhunjhunwala has since surpassed him as the most powerful player in the Dalal street market.
4. Who is the world’s share market tycoon?
Warren Buffett is without a doubt the world’s King of the Stock Market and the most successful stock market investor. He is consistently ranked among the world’s top ten richest people, and he made the majority of his fortune by investing wisely in the stock market. Warren Buffett is a strong believer in fundamental analysis and long-term investing.
5. Who is India’s most successful stockbroker?
The Kamath brothers, Nithin Kamath and Nikhil Kamath, who founded Zerodha (India’s largest stock brokerage firm), are widely regarded as the most successful stockbrokers in the country. Both are billionaires and, according to Forbes, are among the richest men in India.