The main difference between Madhusudan Kela and Ashish Kacholia’s portfolios lies in sectoral preference and investment approach. Kela invests ₹2,670.6 crore across 14 stocks, focusing on financial services and infrastructure, while Kacholia holds ₹2,469.8 crore in 40 stocks, emphasizing mid-cap opportunities in manufacturing, chemicals and hospitality.
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Who is Madhusudan Kela?
Madhusudan Kela is a veteran investor and market strategist known for his deep understanding of the Indian stock market. He gained prominence as the Chief Investment Strategist at Reliance Capital, where he played a crucial role in identifying high-growth investment opportunities across various sectors.
After leaving Reliance Capital, he founded his own investment firm, focusing on long-term value investing. His portfolio includes a diversified mix of stocks in financial services, infrastructure and emerging industries. Kela is known for his ability to spot multi-bagger stocks early and his expertise in navigating market cycles effectively.
As per the latest filings, Madhusudan Kela publicly holds 14 stocks with a total net worth exceeding ₹2,670.6 crore. His investment strategy, market insights and disciplined approach continue to make him a key figure in the Indian financial ecosystem.
Who is Ashish Kacholia?
Ashish Kacholia is known for his absence from media cycles, avoiding interviews and journalists. He prefers to let his portfolio speak for itself, earning him a reputation as the “whiz-kid” of stock markets. His investments span the hospitality, education, infrastructure and manufacturing sectors.
Fondly called the ‘Big Whale’ by the media, Kacholia began his career at Prime Securities before moving to Edelweiss. In 1995, he founded his broking firm, Lucky Securities. He also co-founded Hungama Digital with Rakesh Jhunjhunwala in 1999 and started independently building his stock portfolio in 2003.
As per recent corporate filings, Ashish Kacholia publicly holds 40 stocks, with a total net worth exceeding ₹2,469.8 crore. His investment approach focuses on identifying high-growth potential companies, making him one of the most closely followed investors in India’s stock market.
What Is The Qualification of Madhusudan Kela?
Madhusudan Kela holds a Master’s in Management Studies (MMS) from K. J. Somaiya Institute of Management Studies and Research (SIMSR) in Mumbai. He graduated in 1991, equipping himself with strong financial and analytical skills that later shaped his career in stock market investments.
His academic foundation in management studies provided him with deep insights into market trends and investment strategies. This expertise helped him build a reputation as a seasoned investor, leading to key roles in India’s financial sector, including his tenure as Chief Investment Strategist at Reliance Capital.
What Is The Qualification of Ashish Kacholia?
Ashish Kacholia holds a Bachelor of Engineering (BE) in Production Engineering from Mumbai University. His technical background provided him with analytical skills that later contributed to his success in stock market investments. He further honed his financial expertise through advanced studies in management.
He obtained a Master of Management Studies (MMS) from the Jamnalal Bajaj Institute of Management Studies (JBIMS). His education in both engineering and management gave him a strong foundation for evaluating businesses, leading to his success as an investor with a diversified portfolio across multiple sectors.
Investing Strategies – Madhusudan Kela vs. Ashish Kacholia
The main difference between Madhusudan Kela and Ashish Kacholia’s investing strategies lies in their approach to stock selection and sectoral focus. Kela prefers long-term bets on undervalued companies with turnaround potential, while Kacholia focuses on mid-cap and small-cap stocks with high growth potential across diverse sectors.
| Aspect | Madhusudan Kela | Ashish Kacholia |
| Investment Style | Contrarian investor, focusing on turnaround stocks. | Growth investor, favouring mid-cap and small-cap stocks. |
| Sector Preference | Prefers financials, infrastructure and cyclicals. | Diversified across hospitality, education and manufacturing. |
| Risk Appetite | Willing to take high-risk bets for long-term gains. | Balances risk with steady growth-oriented investments. |
| Stock Selection | Picks undervalued companies with strong future potential. | Invests in high-growth businesses with solid fundamentals. |
| Holding Period | A long-term investor with multi-year horizons. | Medium to long-term investor, adjusting based on market trends. |
Madhusudan Kela Portfolio Vs Ashish Kacholia Portfolio Holdings
Madhusudan Kela held 14 stocks, focusing on undervalued and turnaround opportunities in financials, infrastructure and cyclicals. Ashish Kacholia’s 40-stock portfolio emphasized high-growth mid-cap and small-cap stocks across hospitality, education and manufacturing, maintaining a diversified approach to capitalize on emerging market leaders with strong future potential.
| Aspect | Madhusudan Kela | Ashish Kacholia |
| Total Stocks Held | 14 | 40 |
| Net Worth | ₹2,670.6 Crore | ₹2,469.8 Crore |
| Top Holdings | Choice International, IRB Infra, Tata Investment Corp | Xpro India, Garware Hi-Tech Films, Safari Industries |
| Sector Focus | Financials, infrastructure, cyclical | Hospitality, education, manufacturing |
| Stock Type | Undervalued, turnaround stocks | Mid-cap, high-growth companies |
| Latest Buy | Not disclosed | Xpro India (0.46%) |
| Latest Sell | Choice International (-1.55%) | Universal Autofoundry (-4.73%) |
Performance of Madhusudan Kela Portfolio Over 3 Years
Madhusudan Kela’s portfolio has seen a remarkable rise over the past three years. In March 2022, his portfolio was valued at ₹196.13 crore. By March 2025, it surged to ₹2,665.79 crore, reflecting his strategic investments in high-growth sectors and turnaround opportunities.
This growth represents an impressive increase of approximately 1258%, showcasing Kela’s ability to identify undervalued stocks and capitalize on market trends. His focus on financials, infrastructure and cyclical sectors contributed significantly to this substantial appreciation in portfolio value.
Kela’s investment strategy emphasizes long-term wealth creation, identifying businesses with strong fundamentals and future potential. His portfolio expansion highlights a calculated approach, leveraging market cycles and investing in companies poised for sustainable growth over the years.
Performance of Ashish Kacholia Portfolio Over 3 Years
Ashish Kacholia’s portfolio has demonstrated steady growth over the past three years. In March 2022, his portfolio was valued at ₹1,873.5 crore. By March 2025, it had increased to ₹2,469.46 crore, reflecting his keen eye for high-potential mid-cap and small-cap stocks.
This growth marks an approximate 31.8% increase, highlighting Kacholia’s ability to navigate market volatility while focusing on sectors like hospitality, education, infrastructure and manufacturing. His stock-picking approach, centred on emerging businesses, has contributed to this sustained portfolio expansion.
Kacholia’s investment philosophy emphasizes identifying companies with strong management and long-term growth potential. His diversified holdings showcase a balance between high-growth opportunities and risk management, ensuring consistent wealth appreciation in a dynamic stock market environment.
How to Invest in Madhusudan Kela and Ashish Kacholia Portfolio Stocks?
If you are looking to invest in Madhusudan Kela and Ashish Kacholia Portfolio Stocks, you can easily do so through Alice Blue, where purchasing stocks is absolutely free with zero brokerage on equity delivery trades.
Step 1: Open a Demat & Trading Account
- Visit Alice Blue’s website
- Click on “Open Demat Account” and complete the registration.
- Upload your PAN, Aadhaar and bank details for verification.
Step 2: Add Funds to Your Trading Account
- Log in to Alice Blue and go to the Funds section.
- Add money via UPI, Net Banking, or NEFT/RTGS for smooth transactions.
Step 3: Search & Analyze Madhusudan Kela and Ashish Kacholia Portfolio Stocks
- Use the search bar to find Madhusudan Kela and Ashish Kacholia Portfolio shares.
- Check the market price, charts and company details before investing.
Step 4: Place Your Buy Order
- Click Buy and choose Market Order (instant purchase) or Limit Order (buy at your set price).
- Enter the quantity and confirm your order.
Madhusudan Kela Portfolio Vs Ashish Kacholia Portfolio – Conclusion
Madhusudan Kela (Ace Investor 1) focuses on financial, technology and industrial stocks, with major holdings in Choice International, Waaree Energies and Mkventures Capital. He recently reduced his stake in Choice International while maintaining strong positions in key growth sectors.
Ashish Kacholia (Ace Investor 2) is a diversified investor with a focus on hospitality, education and infrastructure stocks. His key holdings include Shaily Engineering, Awfis Space Solutions and Xpro India. He recently increased his stake in Xpro India while trimming his exposure to Universal Autofoundry.
Madhusudan Kela Portfolio Vs Ashish Kacholia Portfolio – FAQ
Madhusudan Kela’s best portfolio includes top holdings in Choice International Ltd., Mkventures Capital Ltd. and Sangam (India) Ltd. His investments primarily focus on financial services, capital ventures and textiles, ensuring long-term growth with diversified exposure to high-potential stocks.
Ashish Kacholia’s best portfolio includes Safari Industries, Fineotex Chemical and Xpro India Ltd. His investment strategy focuses on mid-cap, high-growth companies in manufacturing, chemicals and consumer goods, reflecting his ability to identify emerging businesses with strong potential for long-term wealth creation.
As of the latest available data, Madhusudan Kela’s net worth is over ₹2,670.6 crore. His wealth is derived from strategic investments across various sectors, emphasizing financial services, capital ventures and textiles, contributing to his growing prominence in the Indian stock market.
Ashish Kacholia’s net worth is approximately ₹2,469.8 crore. His investments span diverse sectors, including manufacturing, chemicals and consumer goods. Known as the “Big Whale,” his ability to identify promising mid-cap companies has contributed significantly to his financial success.
Madhusudan Kela is among India’s top investors but does not have an official ranking. His influence in the stock market is significant due to his strategic investments and ability to identify high-growth stocks, making him a well-respected name in investing circles.
Ashish Kacholia is considered one of India’s top investors but does not hold a fixed ranking. His expertise in mid-cap stocks and successful investments across various sectors have earned him a strong reputation among retail and institutional investors.
Madhusudan Kela primarily holds stakes in financial services, capital ventures and textiles. His investment approach focuses on high-growth companies with strong fundamentals, allowing him to maximize returns while maintaining a well-diversified portfolio in different market segments.
Ashish Kacholia holds major stakes in manufacturing, chemicals and consumer goods. His investment strategy revolves around identifying mid-cap stocks with growth potential, making strategic bets on emerging companies that have strong fundamentals and the ability to scale over time.
To invest, open a brokerage account with Alice Blue, track their latest holdings and analyze fundamentals, valuations and sector trends. Kela’s stocks suit high-growth investors focusing on financial services, while Kacholia’s portfolio is ideal for those preferring mid-cap opportunities in manufacturing and chemicals.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
