CNBC TV18 has a report on India’s top ten public shareholders. Not surprisingly, Rakesh Jhunjhunwala, the Badshah of Dalal Street, rules the roost with holdings that are worth a mind-blowing Rs. 8,300 crore. The Badshah is a proven concentrated investor. The bulk of his wealth worth nearly Rs. 6000 crore is held in just five companies.
Rakesh Jhunjhunwala is certainly a self-made billionaire. His life is an amazing story of rags to riches. He is a source of inspiration for all of us that we can also achieve such great heights with a bit of good luck and a lot of hard work.
|Sr. No||Shareholder||Top Stocks||Value of portfolio (Rs Crore)|
|1.||Rakesh & Rekha Jhunjhunwala||Titan, Lupin, CRISIL, NCC, Rallis||8,331|
|2.||Anuradha Mahindra||Kotak Mahindra Bank||1,740|
|3.||Rajiv Rattan||IndiaBulls Housing Finance, IndiaBulls Ventures||876|
|4.||Ashish Dhawan||Greenply, JB Chem, Greenlam, IIFL||782|
|5.||Yusuffali M. A||Federal Bank, South Indian Bank, Dhanlaxmi Bank||559|
|6.||Prof. Shivanand Shankar Mankekar||Century Tex, Strides Arcolabs, Shasun, Cox & Kings||513|
|7.||Shabnam Dhillon||Religare Enterprises||512|
|8.||Bhavook Tripathi||R Systems, Federal Mogul||494|
|9.||Nimesh S. Shah||Asahi India, Lakshmi Machines, Sona Koyo, Elgi Equipments||493|
|10.||Reetha Shetty||Motherson Sumi||478|
The same can be said for the other investors who are on the list such as Ashish Dhawan, M. A. Yussuffali, Bhavook Tripathi, Prof. Shivanand Mankekar and Nimesh Shah.
At least two of the persons on the list, namely, Anuradha Mahindra and Rajiv Rattan, are promoter-shareholders. They do not technically qualify as public investors though their tales of success is also very inspiring.
Surprisingly, several well-known investors are missing from the list. Ramesh Damani and Radhakishan Damani, for instance, qualify to be included in the list. Their holdings are individually worth several hundreds of crores.
Interestingly, Ramesh Damani once narrated an incident of how he narrowly missed out on being a Forbes Billionaire owing to his “inability to think big”. Ramesh Damani pointed out that at some time in the past, he was very bullish on Bharat Electronics and McDowell (now known as United Spirits & United Breweries) and he had the capacity to buy upto 10% of the paid up capital of both companies. Unfortunately, by force of habit, Ramesh Damani bought only piffling amounts of both companies. So, though each stock became a multi-bagger several times over, their impact on Ramesh Damani’s portfolio was minimal. He called the incident “the biggest failing of my career“. Since then, Ramesh Damani’s advice is that “When you spot that once-in-a-lifetime opportunity, back up the truck with the stock”.
Fortunately, a few ace investors like Ricky Ishwardas Kriplani, Dolly Khanna, Satpal Khattar and Porinju Veliyath got a honourable mention in the report.
Prof. Sanjay Bakshi and Basant Maheshwari also ought to have also got a honourable mention owing to their mastery in picking winning stocks even if their holdings don’t span over several hundreds of crore.