There’s a reason retail investors on Dalal Street obsessively track these portfolios every quarter. Not to blindly copy them, though plenty do that too. But because when someone with ₹1.94 lakh crore bets on a stock, they’ve probably done more homework than the rest of us combined.
The reel that got you here pulled its numbers from Trendlyne’s publicly disclosed equity holdings for the March 2026 quarter. Portfolio values shift with markets and are updated quarterly. What you see below is what these investors actually hold, verified against regulatory filings with BSE and NSE. No guesswork, no inflation.
Here are India’s richest investors by publicly disclosed portfolio value right now.
- All figures are based on publicly disclosed equity holdings from March 2026 quarter filings with BSE and NSE via Trendlyne data
- Radhakishan Damani’s portfolio is overwhelmingly concentrated in one stock, D-Mart, which accounts for roughly 98% of his disclosed holdings
- Rekha Jhunjhunwala has been actively reshaping the portfolio she inherited from Rakesh, most notably building a massive position in Star Health
- Mukul Agrawal holds 74 stocks across small and mid-cap names, the most diversified portfolio on this list by far
- Portfolio values are approximate and change with market prices and quarterly disclosures, as the original reel itself states clearly
1. Radhakishan Damani — ₹1,94,960 Crore | 11 Stocks | Top Holding: D-Mart
There’s a story people on Dalal Street tell about RK Damani. Back in the early 1990s, when Harshad Mehta was pumping stocks into the stratosphere, Damani was quietly shorting them. He made money when the bubble burst. Everyone else was destroyed. That contrarian instinct never left him.
He grew up in a Marwari family in Mumbai, dropped out of college, and entered the stock market after his father died unexpectedly. By the late 1980s, traders knew his name. In 2002, he opened the first D-Mart store in Powai with a simple logic: give the Indian middle class quality products at the lowest possible price, own the property you operate from, and never discount margins for growth. It worked so well that D-Mart’s 2017 IPO was oversubscribed 104 times.
His publicly disclosed portfolio sits at approximately ₹1.94 lakh crore as of March 2026. Around 98% of that is Avenue Supermarts, the parent company of D-Mart, where he holds a 67.4% stake. The remaining holdings, VST Industries, 3M India, United Breweries, Blue Dart Express, Bhagiradha Chemicals, Advani Hotels, among others, are relatively small by comparison but reflect his broader philosophy: steady businesses, strong cash flows, management you can trust. He rarely sells. He almost never talks publicly. His portfolio barely changed last quarter.
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2. Rekha Jhunjhunwala — ₹51,139 Crore | 27 Stocks | Top Holding: Titan
When Rakesh Jhunjhunwala died in August 2022, he left behind one of the most closely watched portfolios in Indian financial history. His wife, Rekha, inherited it and, unlike what many expected, didn’t just preserve it. She’s been actively reshaping it.
The most aggressive move she’s made since taking full control has been in Star Health and Allied Insurance. Her holding went from roughly 1.78 crore shares to over 9.16 crore shares, a level of accumulation that tells you she has strong conviction here. Meanwhile, she’s trimmed Indian Hotels nearly in half and appears to have exited Metro Brands and Nazara Technologies in the March 2026 quarter.
Titan Company remains the crown jewel, Rekha’s largest holding by value and the stock Rakesh himself described as one of his best ever decisions. She’s increased her stake there too, now holding 4.71 crore shares.
Her publicly disclosed portfolio is around ₹46,344 crore as of March 2026 based on Sharpely’s tracked data, covering 27 stocks. The real figure of ₹51,139 crore reflects an earlier snapshot or a different market close date, within the normal range given daily fluctuations. She manages everything through Rare Enterprises, the firm Rakesh named after both of their initials. She was born on September 12, 1963, did her B.Com from the University of Mumbai, and has three children with Rakesh: twin boys Aryaman and Aryaveer, and a daughter Nishtha.
3. Mukul Agrawal — ₹7,833 Crore | 74 Stocks | Top Holding: Neuland Laboratories
If Damani is the investor who bets big on a handful of names, Mukul Agrawal is the opposite end of the spectrum entirely. 74 publicly disclosed stocks as of 2026. No one else on this list comes close to that number.
He started in the grey market for unlisted IPOs on Dalal Street in the early 1990s, reportedly earning his first few lakhs by age 23 through sharp analysis and the ability to build trust quickly. In 1993, he founded Param Capital Group, now headquartered in BKC, Mumbai. The firm is sector-agnostic, meaning it doesn’t anchor itself to a particular industry thesis. He goes where the research takes him.
His top holding is Neuland Laboratories, a pharmaceutical company focused on active pharmaceutical ingredients. Other significant positions include Radico Khaitan, one of India’s largest liquor manufacturers, and ASM Technologies. The breadth of his portfolio, across engineering, healthcare, infrastructure, financials, and consumer names, reflects someone who finds opportunities everywhere rather than concentrating around a theme.
His disclosed portfolio value is around ₹6,425 crore per Smallcase’s data and ₹7,833 crore per the March 2026 Trendlyne snapshot in the reel. The difference reflects market movement between reporting dates.
4. Akash Bhanshali — ₹6,960 Crore | 17 Stocks | Top Holding: GFL
Akash Bhanshali isn’t a name that comes up in mainstream financial media as often as some others on this list. Which is interesting, because with ₹6,960 crore in publicly disclosed holdings and a seat as Head of Principal Investments at ENAM Holdings, he’s one of the most consequential investors in Indian mid-cap markets.
ENAM is one of India’s most respected investment banking and asset management firms, and Bhanshali has spent his career there identifying businesses in the ₹500 crore to ₹5,000 crore market cap range before they attract institutional attention. His top holding is Gujarat Fluorochemicals (GFL), a chemicals company with significant exposure to fluoropolymers used in everything from semiconductor manufacturing to electric vehicle batteries. It’s a calculated long-term bet on global technology supply chains.
His 17-stock portfolio as of the March 2026 quarter includes Greenlam Industries, Aptus Value Housing Finance (a new addition this quarter), Schneider Electric Infrastructure, and Inox Wind. He increased his stake in both Aptus and Greenlam in the March 2026 quarter. His highest sector concentration is in Chemicals at approximately ₹2,419 crore.
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5. Nemish Shah — ₹3,201 Crore | 5 Stocks | Top Holding: LMW Ltd
Five stocks. That’s it. Nemish Shah, co-founder of Enam Securities, runs one of the most concentrated portfolios of any prominent Indian investor, and he’s been doing it this way for decades.
He built Enam Securities into one of India’s premier investment banks before its merger with Axis Bank in 2012. His approach to equities mirrors the philosophy he applied to his business career: deep research, high conviction, patience over decades. You don’t hold five stocks unless you know them inside out.
His top holding is Lakshmi Machine Works, an engineering company and one of India’s leading textile machinery manufacturers. Other holdings include Asahi India Glass, Elgi Equipments, Bannari Amman Sugars, and Zodiac Clothing. These aren’t flashy names. They’re businesses with long operating histories, conservative management, and consistent free cash flow. Exactly what you’d expect from someone who built a career on fundamentals.
6. Ashish Kacholia — ₹3,253 Crore | 51 Stocks | Top Holding: Shaily Engineering
In small-cap investing circles in India, Ashish Kacholia’s name carries serious weight. He co-founded Lucky Securities and spent years developing a systematic approach to identifying micro and small-cap companies well before institutional investors arrived. By the time larger funds notice a stock he’s been holding, the returns have often already been made.
His top holding as of March 2026 is Shaily Engineering Plastics, a precision engineering company that makes plastic components for healthcare, FMCG, and consumer goods sectors. He holds 51 stocks, a broad, diversified small-cap book built on deep company-level research rather than top-down sector calls.
His publicly disclosed portfolio sits at approximately ₹3,253 crore per the Trendlyne March 2026 data.
7. Sunil Singhania — ₹2,886 Crore | 32 Stocks | Top Holding: IIFL Capital Services
Sunil Singhania spent years as Chief Investment Officer at Reliance Mutual Fund before founding Abakkus Asset Manager, his own multi-cap fund management firm. He’s a CFA charterholder who has managed money through multiple full market cycles, 2008, 2013, 2020, and every volatile stretch in between.
His personally disclosed portfolio runs across 32 stocks with IIFL Capital Services as the largest position. Other major holdings include Dynamatic Technologies, Sarda Energy and Minerals, Jubilant Pharmova, and Shriram Pistons and Rings. The common thread across these names is growth orientation. Unlike Damani or Nemish Shah, who gravitate toward slower compounders, Singhania’s book reflects a bias toward businesses with above-market earnings growth potential.
8. Ashish Dhawan — ₹2,426 Crore | 13 Stocks | Top Holding: Glenmark
Ashish Dhawan co-founded ChrysCapital, which grew into one of India’s largest and most respected private equity firms, managing multi-billion-dollar funds. He later shifted his focus to education reform through the Central Square Foundation. His public market portfolio is smaller than his PE legacy but tracks the same quality-first philosophy.
His top holding is Glenmark Pharmaceuticals, and his 13-stock portfolio includes Mahindra and Mahindra Financial Services, Equitas Small Finance Bank, Greenlam Industries, and AGI Greenpac. Clean, concentrated, growth-oriented.
A note on these numbers: All portfolio values are based on publicly disclosed holdings filed with BSE and NSE and sourced from Trendlyne for the March 2026 quarter. Indian regulations require disclosure only for stakes above 1%, so actual holdings are larger than what’s visible here. Figures change with every market session. These are not investment recommendations.
Frequently Asked Questions
Who is India’s richest investor in 2026?
By publicly disclosed equity portfolio value, Radhakishan Damani sits at the top with approximately ₹1.94 lakh crore. Almost all of it is tied to his 67.4% stake in Avenue Supermarts, the parent company of D-Mart.
Are these portfolio values accurate?
They’re based on publicly disclosed holdings from BSE and NSE filings for the March 2026 quarter, sourced via Trendlyne. Indian regulations only require disclosure of stakes above 1%, so actual holdings are larger. Values shift with market prices daily.
Why does Rekha Jhunjhunwala’s portfolio show different values across sources?
Because market prices change daily, and different platforms capture data at different times. The reel used Trendlyne’s March 2026 quarter snapshot. Other platforms like Sharpely and Smallcase may pull data at different market close points, giving slightly different totals.
Who has the most diversified portfolio among India’s top investors?
Mukul Agrawal has 74 publicly disclosed stocks as of 2026. He runs Param Capital Group and invests across small, mid, and large caps without restricting himself to any particular sector.
Is this content investment advice?
No. This is factual information based on publicly available regulatory filings. Investment decisions should be based on your own research and risk assessment or consultation with a SEBI-registered financial advisor.
Sources and References
- Radhakishan Damani Portfolio April 2026, Smallcase
- Rekha Jhunjhunwala Portfolio and Net Worth 2026, IPO Central
- Mukul Agrawal Portfolio and Stock Holdings 2026, Smallcase
- Akash Bhanshali Portfolio and Latest Holdings 2026, Smallcase
- Top 20 Investors in India Portfolio 2026, Tickertape
- Akash Bhanshali Portfolio and Latest Stock Holdings, Sharply
- Rekha Jhunjhunwala Portfolio and Latest Stock Holdings, Sharpely
- Radhakishan Damani Portfolio 2026, 5paisa
- Radhakishan Damani Portfolio, Tickertape
- Rakesh Jhunjhunwala Portfolio and Stock Holdings 2026, Smallcase
