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Top most Famous Growth and Value Investors of India

Author: Bharti Joshi
by Bharti Joshi
Posted: Dec 03, 2018

1. Radha Krishna Damani (Networth: $11.1 b in Nov 2018 as per forbes)Often referred to as Mr white because of incredible low profile simple life and always wearing a white trouser and white shirt. He is a person who speaks very less and listens with utmost attention. He keeps distance from media and public appearance. H hides is identity even after donating a big sum to a charity.

Investment Journey

"Till 1992, RKD was a indiscipline trader after meeting his Guru, he started paying attention to fundamentals of the companyand became an value investor and started long term investment in stocks.Then he started investing in MNC and banking companies. He had always fascinated in consumer business companies and invested in those as well.He has successfully earned the reputation of being one of India’s finest value investors as he invests in Value Pick Stocks, and founder of most profitable retail store (D-Mart) in India.

He is also the Guru of the legendary stock investor Rakesh Jhunjhunwala. Rakesh Jhunjhunwala describes him as "More than intelligence he has wisdom. He is extremely patient, humble and hardworking. "

D-MART

In 1999, Damani and Damodar Mall, who is currently the CEO of Reliance Retail, took Apna Bazaar franchisee. Two years on, D-Mart was set up and it took over Apna Bazaar. All of D-Mart’s stores are in, or close to, residential areas and not in malls. Since it owns 90% of its stores, it ends up paying more upfront but insulates itself from rising rentals or relocation risk. That works for it because D-Mart can use its capital steadily. DMart raised Rs. 1,870 crore by offering 6.23 crore shares priced between Rs 290-299 when opened its IPO. After the IPO listing, it made a record opening on the market on NSE and made RadhakishanDamani top 20 Indian billionaires. As of October 2018, it had 160 stores across India in the states of Maharashtra, Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, National Capital Region, Tamil Nadu, Karnataka and Punjab.

2. Rakesh Jhunjhunwala (Networth: $2.8 b in Nov 2018 as per forbes): He is often referred to as India's "Warren Buffett" and the "King of Bull Market". Son of an income tax officer and himself a Chartered Accountant, Jhunjhunwala started experimenting in stocks while still in college, now he is an Indian Billionaire Investor and Trader.He manages his own portfolio as a partner in his asset management firm, Rare Enterprises that derives its name from the first two initials of his name and wife Rekha's name. Jhunjhunwala has been described by India Today magazine as the "pin-up boy of the current bull run" and by The Economic Times as "Pied Piper of Indian bourses".

Investment Journey

He began investing with $100 in 1985 when the Bombay Stock Exchange Index was at 150; that now crossed 38,000.His most valuable holding is watch and jewellery maker Titan, worth close to $700 million.Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.

3. Raamdeo Agrawal (Networth: $1 b in Nov 2018 as per forbes): Raamdeo Agrawal cofounded Motilal Oswal Financial Services as a small securities firm with his pal Motilal Oswal in 1987. The company offers a range of services including investment banking and mutual funds. Agrawal grew up in a village in Chattisgarh in central India and came to Mumbai for his accountancy studies. Mr. Agrawal has featured on wizards of Dalal Street on CNBC TV 18 and in 1986, he wrote the book Corporate Numbers Game. He has also authored the book The Art of Wealth Creation. Mr. Agrawal was awarded the "RashtriyaSamman Patra" by Central Board of Direct Taxes for a period of five years commencing from 1995 to 1999.

Investment Journey

Mr.Agrawal made a lot of money from the stock market as he is extremely good at selecting stocks. He is an analyst and value investor, his first multi-bagger stock pick was Hero Honda in 1997. Looking at upcoming business opportunity in motorcycle business he invested in Hero Honda stock. Hero Honda has turn out to be first multibagger stock for him. The next pick of Raamdeo was Infosys in 1998 where he saw an opportunity of a global Y2K boom. The journey continued and he made a fortune of 1000 Cr starting from Zero.

About the Author

Abj is a team of Sebi Registered Research Analyst, Traders, Investors and Tutors. Its vision is to build wealth of clients by making investment in proper stocks for long term.

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Author: Bharti Joshi

Bharti Joshi

Member since: Oct 01, 2018
Published articles: 3

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