The Indian stock market is a pool of stocks but there are some investors that are famous for finding hidden gems of the stock market. These hidden gems are small companies that are generally ignored by most but they become big and successful.
Ashish Kacholia is the most famous person that is one of the best gem hunters in India. A well known investor who is often called the “Big Whale” of the Indian stock market.
This nickname suggests to us that he finds these small unknown companies and invests in them making everyone notice this in the financial market. Ashish is known for finding these multibagger stocks which grow 10, 50, or even 100 times of their original price.
Ashish Kacholia is a person in his 50’s who has more than a decade of experience and started his career in the 1990s. He is also the co-founder of the company called “Hungama Digital” alongwith Rakesh Jhunjhunwala. In 2003, he started his own firm, Lucky Securities, and began building the famous Ashish Kacholia portfolio.
Today, the net worth of this person is estimated to be in thousands of crores. The portfolio and the list of companies are something that are the most watched list in the Indian financial market.
An Overview of Ashish Kacholia’s Portfolio (2025)
- Total Portfolio Value: Ashish Kacholia Portfolio is valued for over Rs.2,775 crores.
- Number of Stocks: Ashish Kacholia has a diversified portfolio that consists of a total of 48 different stocks.
- Sector-wise Distribution: The investment has been done in different types of businesses such as manufacturing, speciality chemicals, pharma and healthcare, consumer goods and infrastructure.
- Compared with the previous Year: The year of change “2025”, we have seen that there is an active buying of different types of new stocks and also some previous ones have been sold. There is growth in the overall portfolio and a rise of 12% was witnessed in the June 2025 quarter alone.
Major Holdings in Ashish Kacholia’s Portfolio (2025)
The top 5 holdings as per August 2025 are in:
- Shaily Engineering Plastics
- Beta Drugs
- Safari Industries (India)
- Acutaas Chemicals
- Balu Forge Industries
We have multiple lessons to learn in this, talking about Acutaas Chemicals. In August most of the money was invested in this company but by the end of September the entire share stake was sold. Showing us how quickly changes are made in his portfolio.
Read Also: Ashish Kacholia Penny Stock List
New Additions to the Portfolio in 2025
There were some new stocks that were added to the portfolio in the year 2025. Some new companies were even added to the portfolio between the July to September quarter.
- V-Marc India (A wire and cables company)
- Jain Resource Recycling (A metal recycling business)
- Vikran Engineering
- Shree Refrigerations
Also more shares were bought of the existing companies in the portfolio and the biggest move was done by increasing the stake in Man Industries.
A Note on His Strategy: Pre-IPO
There is an interesting fact that we need to know that the stocks are not bought from the market like we do.
The investments done in the new companies like Vikran Engineering and Shree Refrigerations are done even before the IPO were launched. This shows that the skills were used to get these companies at the starting stage even before it was available for the general public.
Stocks Reduced or Exited in 2025
In terms of adding new stocks to your portfolio, the existing ones need to be reduced or sold out and Mr.Kacholia is very disciplined about this.
Stocks that were completely Sold
The biggest news was the share of Acutaas Chemicals were among the top-5 holdings with approx Rs.125 Cr. but by the end of September the entire stake in this company was sold out.
Also the stakes in multiple companies were either fully sold or the holding fell below 1%, these companies are:
- Awfis Space Solutions
- NIIT Learning
- Universal Autofoundry
- His personal stake in Jyoti Structures
Trimmed Stocks in 2025
“Trimming” here is referred to as reducing the quantity of shares that were there in the existing portfolio and these companies are:
- Xpro India
- Brand Concepts
- Dhabriya Polywood
- Fineotex Chemical
Read Also: 10 Top Investors In India And Their Portfolios
The Investment Strategy of Ashish Kacholia
How are stocks picked or what exactly is the method to select these stocks? He follows a very simple and smart strategy.
The main rules followed by Ashish Kacholia are:
- Small Gems of Market: Small and mid cap companies are focused as he believes that these small and often ignored companies have the highest potential to grow and become the next big thing in the market.
- Disciplined Management: Investment made for this portfolio is not only done on the basis of the company but also the companies management and leaders are considered. The approach is to look for the management that is honest, smart, and hard working.
- Thorough Research: Tips and tricks that are shown in the market are not considered, rather the company’s finances like Return to Equity (ROE) and things like Free Cash FLow (FCF) are followed.
- Patience is the Key: Investments are done for the long term as it gives stocks time to grow and make good movements. Investments made are forgotten if there is a change in the company’s performance or the leadership instant reactions are made to manage the portfolio and focus upon its growth.
- Diversification: There are about 48 stocks that are in his portfolio showing us that the risk is spread and all the money is not pooled into 2-3 specific stocks. Here if one or two companies are performing badly then the whole portfolio is not hampered instantly.
Performance Analysis
Here the main strategy revolves around finding the few market winners of the market and these big wins are so large that the investor gets more than the incurred loss.
Companies like Man Industries are examples of some big winners of the market as this stock has given almost 400% returns in the last five years. Also the belief in this company is so much that some more shares were bought in 2025 as well.
But we have also seen that companies like Zaggle Prepaid Ocean Services have shown a negative trend and the stock has fallen up to 32% in 2025 and has also tumbled 19% in 2 days after the quarterly result. This tells us that not every stock performs well.
In 2025 Xpro India and Brand Concepts have shown the worst performance with 29% fall in Xpro and 28% in Brand Concepts and to actively manage these falling stocks he started to cut down his stakes in the portfolio, showing us how actively risk was managed.
Read Also: Raj Kumar Lohia Portfolio in 2025 – Holdings List, Changes and Strategy
Key Takeaways for Retail Investors
Learnings from Ashish Kacholia’s Philosophy
- Think like an owner: Don’t just add stocks looking at the stock ticker, one should be aware if it is a good business or not and if the leaders are honest and making moves smartly or not.
- Patient Performance: Companies perform well and give returns in a period of time and not in just a few days, so patience plays a key role in building the desired wealth.
- Homework: This should be the real focus as real success is made from through in depth research of the companies and its performance.
Risks of Following Celebrity Portfolios
One shall be very careful if you want to follow a celebrity portfolio as it can turn out to be extremely risky.
- The data that we see in the month of September 2025 is released in October or November and following these outdated numbers and moves can be unreliable as there has already been a delay of 1-2 months and in the financial market even one news can hamper the entire market within hours.
- Looking at the Acutass Chemicals example the stocks were bought in August 2025 and a good investment was made but as the September month ended everything was sold out. Here if you would have followed the portfolio and have invested in September end then you could have incurred losses.
- Thousands of crores are invested by this investor, a full time research team is available for analysis and there is a different financial goal. Also he can get into pre-IPO where the general public like you cannot enter. So one should not copy the investments blindly rather homework shall be done with in-depth research.
Read Also: Vijay Kedia Portfolio: Stock Holdings and Strategy
Conclusion
Learning about Ashish Kacholia’s portfolio and studying it can help us out with great lessons as here we get to see a smart investor who finds new companies, bets on big themes like Make in India and even gets hold of shares even before the IPO is launched.
We also get to see how a disciplined stock manager works and knows where to take the profits form, cut down stocks that are not performing well and even stick to the core strategy.
For young investors this portfolio gives you the glimpse of through research, patience, and smart thinking for your financial investments.
Frequently Asked Questions (FAQs)
What is the net worth of Ashish Kacholia’s in 2025?
As per September 2025 the new worth is estimated to be approximately Rs.2,775 Cr.
New companies that were invested in 2025?
Several new investments were made in companies like V-Marc India, Jain Resource Recycling, Vikran Engineering, and Shree Refrigerations. Also investments have been made in these companies even before the IPO.
What is Ashish Kacholia’s investment strategy?
The strategy is to look for Multibagger stock and the real focus is on small and mid cap companies due to their high potential growth.
What are the top holdings in the Ashish Kacholia portfolio?
The biggest holding of Ashish Kacholia’s portfolio is in Shaily Engineering Plastics, Beta Drugs and Safari Industries.
Can the investments be copied similarly to Ashish Kacholia’s Portfolio?
It is very risky to copy his portfolio as the data is outdated and mostly 1-2 months old, investors can learn rather than copy the portfolio investments.
