5 Most Richest Stock Investors in India

The stock market is a place that has helped many create wealth and become financially free. In fact, some individuals have created so much wealth by investing in shares that they’re billionaires. In this blog, we will talk about these individuals who’ve become the richest investors in India. 

1. Radhakishan Damani

Being one of the richest stock investors in the country, Radhakishan Damani’s portfolio as of September 2022 was ₹193,527 Cr. 

You might know him as the founder of Avenue Supermarts Limited aka Dmart, a chain of retail outlets that operates pan India. Another fun fact about Damani – he mentored the share market bull, Rakesh Jhunjhunwala. 

Damani holds shares of United Breweries Ltd. amounting to ₹539 Cr. at a 65.2% stake in the company. Another major investment by Mr Damani is ₹166,700 Cr. in 3M India Ltd. 

Coming from a humble background, Damani became a quick-witted stock trader who amassed a lot of wealth taking trades opposite to Harshad Mehta when he was artificially inflating stock prices. 

Apart from being one of the richest stock market investors in India, he is known to have immense knowledge about the Indian consumer market and psychology, as evidenced by the success of Dmart. 

This is all thanks to his investment approaches that helped him gain deep insights. We’ve covered his story here: The Silent Billionaire

2. Rakesh Jhunjhunwala

Known as the king and big bull of the share market, the late great Rakesh Jhunjhunwala was one of the stock market’s richest people in India. 

Until his unfortunate death, he stood at the 48th position among the richest people in the nation. Appreciated for his Midas touch in the stock market, Rakesh began his investing journey while studying in college.

As on June 2022, his net worth stood at ₹25,425 Cr. and he had 33 stocks in his portfolio. Till the time he was alive, Rakesh Jhunjhunwala’s shares were spread across Escorts Kubota Ltd., Canara Bank, Fortis Healthcare Ltd., Agro Tech Foods Ltd., Crisil Ltd., SAIL, and many more establishments. 

His portfolio grew 175% in the last two years. His biggest and most notable investment was in the Titan Company, and he was often referred to as India’s Warren Buffet.

Rakesh did not only hold an individual portfolio but also owned an AMC along with his wife, Rekha. Just a few days before his death, he also inaugurated a new airline called Akasa Air, marking his entry into the airline industry in India. 

3. Raamdeo Agrawal

Raamdeo Agarwal is the businessman who co-founded Motilal Oswal. Being a CA by trade, Agrawal’s journey in the stock market began as a sub-broker. He eventually went on to meet Motilal Oswal and together, they established Motilal Oswal Financial Services

As you can tell, stock market investments have helped him create a fortune with immense growth. In his interviews, Raamdeo has said that he uses a single formula for investment. 

This formula is based on growth in earnings, quality of business, price, and permanence of growth and quality. We’ve covered this in detail here: Raamdeo Agrawal Investment Strategy

Currently, he reportedly owns three stocks: Motilal Oswal Financial Services, Maharashtra Scooters, and Bharat Wire Ropes. While he started his journey with ₹1 Cr. in 1990, his net worth as of September 2021 was ₹2,724.2 crores. Net value as of September 2022.

4. Mukul Agarwal

Mukul Agarwal is one of the recent additions to the list of richest stock investors in India. He began trading around the end of the 1990s and had a standing portfolio of ₹2,322 Cr. as of September 2022. 

One of the most successful entrepreneurs in the country, Agarwal holds a management and financial advisory company. He is also a well-known TedX and motivational speaker. His investment pattern is aggressive, and he chooses to invest in small stock segments only.

Mukul Agarwal always searches for stocks that can generate sky-rocketing profits, invest in those shares, and then wait for the boom. His one bet was on Paras Defence which shot up drastically and increased Mukul’s portfolio in a single go.

5. Porinju Veliyath

Porinju Veliyath is one of the richest investors in India and the owner of Equity Intelligence India Pvt. Ltd., a fund management company. He began working as a floor trader at Kotak Securities in 1990 and today has a net worth of approximately ₹186.0 crores. 

Porinju holds a diverse set of stocks across various market capitalizations. One of his biggest victories to date was Geojit securities. 


That was our list of the richest stock investors in India. While each one of these investors has a different approach toward the markets, there’s a common theme that you must have noticed – they’re all patient investors who have a solid investment strategy in place. 

Unless you’re an intraday trader or swing trader, staying locked in for the long term in the right stocks can give you a potentially healthy chance to create wealth. For more information, read our resources on these topics:


Q. Who is the richest stock investor In India?

Radhakishan Damani (net worth of ₹193,527 Cr. as of September 2022) is among the richest stock investors in India. He is ranked 8th in the India Billionaire List of 2023. He mentored Rakesh Jhunjhunwala, who was called the big bull of the share market.

Q. Who is the No 1 share investor In India?

The title of Number 1 investor in India goes to Radhakishan Damani, popular as Mr White and White. Damani invested his wealth in establishing Dmart in 2002, today Dmart has 263 stores across India.

Q. What are the top 5 stocks to invest In India?

The top 5 considerable stocks include Reliance Industries, TCS (Tata Consultancy Services), HDFC Bank, Infosys, and Hindustan Unilever.

Q. Who is the stock king of India?

Rakesh Jhunjhunwala, who passed away in August 2022 at age 62, was popular as the stock King of the Indian stock market. He had a net worth of ₹25,425 Cr as of June 2022. Rakesh Jhunjhunwala made most of his investments through RARE Enterprises.