Ashish Kacholia is a well-known Indian entrepreneur and stock market investor. Hungama Digital was co-founded in 1999 by Ashish Kacholia and Rakesh Jhunjhunwala. He founded his own company, Lucky Securities, in 2003. Ashish Kacholia is known for investing in various industries in India, including hospitality, education, infrastructure and industrial sectors.
Wiki/Biography
Ashish Ramesh Kacholia was born in Mumbai, India. He is in his 50s; as of 2023. After completing his schooling, he pursued Bachelor of Science in Production Engineering from Jamnal Bajaj Institute of Business Studies (JBIMS), Mumbai. Later, he received his MBA from JBIMS.
appearance
Height (approximately): 5′10″
Hair color: Bald
Eye color: black
family
Parents and siblings
His father Ramesh Kacholia is a prominent businessman, philanthropist and social worker in Mumbai.
Photos of Ramesh Kacholia, father of Ashish Kacholia
His mother’s name is unknown.
wife and children
Ashish Kacholia married Sushmita Ashish Kacholia on April 27, 2009. She is a stock market investor and social worker.
Pictures of Ashish Kacholia’s wife Sushmita Kacholia
The couple has three children.
caste
He belongs to the Marwari community.
Profession
stock marketing
Ashish Kacholia started his career at Prime Securities and worked briefly at Edelweiss Capital before founding Lucky Securities in 2003. Initially, Kacholia was a small investor primarily investing in stocks. Over time, however, he developed a strong ability to identify promising companies in the stock market with significant growth potential.
Young Ashish Kacholia poses with a group of underprivileged children
Kacholia is an investing expert who provides inspiration to many newbies looking to succeed in the stock market. He is said to have a gift for identifying stocks with huge growth potential. Two notable companies he discovered in 2012 and 2016 were Ajanta Pharma and Mastek Limited. Whenever Cachoglia adjusts its ownership or adds stocks to its portfolio, it attracts significant attention from market participants. He has invested in well-known companies such as Atul Auto, Majesco, KPIT Technologies, Polycab India, etc.
Polycab India logo
Kacholia is a successful Indian investor. Between 2013 and 2018, his investment return on Bodal Chemicals Ltd. was as high as more than 2,000%. Ashish Kacholia once made a 400% return on investment in insurtech company Majesco in 9 months. In the same year, his portfolio grew by 150% and he became India’s richest investor that year. In November 2020, it was reported that he owned 1.4% of Paushak Limited. When the price of the stock increased to Rs. In December 2020, he made a 100% stock return in one month at $8,067 per share.
Logo of Paushak Ltd.
In the third quarter of 2021, Ashish Kacholia invested in Igarashi Motors and obtained 1.27% of the company’s equity. According to media reports, he purchased 3,99,550 shares of the company worth Rs 100,000. 140 million rupees. In December 2021, it invested in Genesys International Corporation. The company’s stock has returned 170% to 500% in 2021.
Genesys International Ltd. logo
Ashish Kacholia owns 2.82% stake in Finotax Chemicals. In 2013, Finotax shares were trading at Rs 2.35; by May 2023, the figure had crossed Rs 300. By 2023, Ashish Kacholia has invested in more than 40 well-known companies with high valuations. In 2023, he invested 3.75% of Acrysil Ltd. and 2.24% of NIIT Ltd., both of which are large companies. In the same year, his shares in Acrysil Ltd. were valued at about Rs 100. 71 crore while his stake in NIIT Ltd. is worth around Rs 71 crore. 141 Crores. Based on his portfolio, Ashish Kacholia focuses on identifying promising investment opportunities in small and mid-capital companies. He holds stable financial stakes in Poly Medicur Ltd., Shaily Engineering Plastic Ltd., Safari Industries (India) Ltd. and several other reputable public companies.
Ashish Kacholia at work
philanthropist and social worker
In addition to being a private investor, Ashish Kacholia is also known for his philanthropic activities. He is involved as an individual donor with the Mumbai-based non-profit organization Caring Friends. Caring Friends was founded in 2002 by his father Ramesh Kacholia. Ramesh Kacholia is a respected philanthropist in India, supporting more than 40 NGOs including Snehalaya.
Ashish Kacholia (center) and his father (left)
folder
As of June 30, 2023, it was revealed that Ashish Kacholia held 40 listed securities worth over Rs 1,000 crore. 2,009.7 Crores.
net worth
As of June 23, 2023, Ashish Kacholia’s net worth is approximately Rs. 100 Cr, as per India Corporate Holdings report. 2,036 Crores.
Facts/Trivia
- He is also known as the Great Whale of Dara Street.
- According to media reports, Ashish Kacholia is a big admirer of Warren Buffett. Kacholia said one of the most important considerations when it comes to investing is the management of the company. He believed that their ability to execute plans plays a vital role in determining the success of the organization. Cachoglia also believes that companies that can adapt to changing market trends and customer preferences are more likely to achieve long-term success.
Photo of American business magnate, investor and philanthropist Warren Buffett
- Ashish Kacholia chooses to live a simple life and not seek public attention. In one interview with the media, he mentioned that he was a private person. He said,
I’m a private person. Bull markets create heroes, bear markets create zeros. So, I prefer to remain anonymous. “
Categories: Biography
Source: HIS Education