Ashish Kacholia

Who is Ashish Kacholia?

Ashish Kacholia is an Indian investor, also known as the “Big Whale” of the stock market. He is renowned for his astute investing and long-term value creation through small and mid-cap stocks. As per the recent data, Ashish Kacholia portfolio includes 44 stocks at a networth of ₹2,566.96 cr. 

Besides investing in the stock market, Ashish Kacholi is also involved in various business ventures. He co-founded Hungama Digital in 1999, along with the legendary investor Late Rakesh Jhunjhunwala. Then, in 2003, Ashish Kacholia founded his stock broking platform under the brand name of Lucky Securities.  

Ashish Kacholia - Early Life & Career

Ashish Kacholia was born in 1979 in Mumbai into a Marwari family. He started his early life with a solid education in production engineering and an MBA from Jamnalala Bajaj Institute of Management (JBIMS), Mumbai. 

The professional journey of Ashish Ramesh Kacholia began with Prime Securities in 1993. He worked in the equity research department of Prime Securities. Further, he moved to Edelweiss Capital Limited as the Head of Research.  

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Ashish Kacholia - Founder of Lucky Securities

After gaining experience and knowledge in equity investment and research, Ashish Kacholia started his entrepreneurial venture. In 2003, Ashish Kacholia started Lucky Securities as a brokerage firm for the stock market. However, with time, the company transformed into a venture capital and investment management firm. Currently, it operates under the brand name of Lucky Investment Managers Private Limited, and it invests in both private and public markets while focusing on early-stage companies. 

Ashish Kacholia Investment Philosophy 

Ashish Kacholia has gained popularity as the Big Whale of the Indian stock market. This popularity can result from his ability to identify and invest in undervalued multibagger stocks.  Keep reading below to learn more about Ashish Kacholia’s investing style and how to pick stocks like his:

1 Long-term investment horizon

 Ashish Kacholia, a lesser-known figure in the media, has strongly advocated long-term investing. Unlike short-term trading, Ashish Kacholia has generated exponential returns through his long-term investing approach. 

2. Focus on small and mid-cap stocks

Since his early investment career, Ashish Kacholia portfolio has concentrated on high-growth mid and small-cap stocks. He invests in these shares because of the low valuation and extensive potential for return generation. 

3. Diversification 

Ashish Kacholia has distributed his portfolio across sectors to minimise the overall risk. Portfolio diversification in pharmaceuticals, technology, infrastructure, business services, and other sectors has significantly enhanced Ashish Kacholia networth. 

4. Importance of management analysis 

Ashish Kacholia always emphasised performing management analysis of a potential multibagger investment. By doing so, he was able to judge the effectiveness and efficiency of the decision-making ability of a company’s management. It helped him to identify stocks poised for better performance and robust growth based on management’s decisions. 

5. Timely portfolio adjustment

Ashish Kacholia keenly monitors market movements and key factors affecting his investments. It helps him to make the necessary adjustments in his portfolio and enhance long-term returns. 

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Ashish Kacholia Networth and Portfolio Analysis

Ashish Kacholia Networth

Ashish Kacholia networth stands at a figure of ₹2,566.96 crores. However, his networth has experienced variations and constant changes along his investment journey. In the quarter ending March 2024, Ashish Kacholia networth was ₹2,920.36, which grew by 15.9% in the next quarter to ₹3,385.33 crores. 

However, his networth took a hit in the quarter ending Dec 2024, with a dip of 10.4% to ₹3,136.13 crores compared to the quarter ending September 2024. Since Dec 2024, Ashish Kacholia networth has come down by 21% and then 4.5% in the March 2025 quarter and the month of April 2025, respectively. 

Ashish Kacholia Portfolio

Ashish Kacholia portfolio includes 44 Indian stocks, which include a mix of mid and small-cap stocks. The success story of Ashish Kacholia portfolio started in 2012. Ajanta Pharma was a multibagger stock that Ashish Kacholia invested in 2012 at ₹250 a share, and by 2015, the share price rocketed to ₹2,000 a share. 

Another top stock pick of Ashish Kacholia came in 2016 when he invested in Mastek Limited at ₹180 per share. By the end of the year, the company's share price rose to around ₹600 a share. 

Since the start of his Investing journey, Ashish Kacholia has constantly added and removed stocks from his portfolio for performance optimisation, resulting in return enhancement. Equities like Beta Drugs, Safari Industries, Ami Organics, Balu Forge, and more are some of the other hidden gems of Ashish Kacholia portfolio.