















Dolly Khanna
Dolly Khanna is an Indian investor whose husband Rajiv Khanna is presumed to manage her portfolio. He's known for identifying quality stocks at early growth stages
Dolly Khanna is an Indian investor whose husband Rajiv Khanna is presumed to manage her portfolio. He's known for identifying quality stocks at early growth stages

Who Is Dolly Khanna ?
Dolly Khanna is a seasoned stock market investor known for her stock-picking prowess in the mid and small-cap segments. She holds a great set of investment portfolios, including 19 stocks valued at ₹637.58 crores. Dolly Khanna is renowned for having a portfolio filled with high-growth stocks in the traditional sectors of the economy.
In India, Dolly Khanna portfolio is a matter of hot discussion for many. It is because even after being a homemaker, she has accumulated a vast amount of wealth through stock market investing.
How Did Dolly Khanna Start Stock Market Investing?
The introduction to Dolly Khanna’s investing journey cannot start without mentioning her husband’s name. Rajiv Khanna, husband of Dolly Khanna, is an IIT Madras graduate who started investing in the stock market around 1995. He is responsible for managing Dolly Khanna portfolio while making her the face of their investing journey.
Dolly Khanna is a science graduate and also holds an MBA in finance. Early in her career, Dolly Khanna realised that she had a knack for stock picking and, therefore, pivoted to investing.
“Don’t know where your favourite investors are investing? Use the Univest shark portfolio screener and discover more.”
Rajiv and Dolly Khanna - A Brief Background
Rajiv Khanna and Dolly Khanna networth has been built over a range of market cycles since the start of their investing journey. Since 1995, Dolly Khanna has invested in various companies, including Satyam Computers and Unitech Limited. However, before we move towards the breakdown of Dolly Khanna portfolio, let us discover Rajiv Khanna’s journey.
Rajiv Khanna was born in Punjab into a family with a judicial background. He completed his education with an engineering degree from IIT Madras. Then, he worked as a management trainee at Jagatjit, a liquor company, for 11 months. Rajiv Khanna’s second professional break came with ICI in Gomia.
In the 1980s, he started his own ice cream business under the name of Kwality Ice Cream. He had to face financial difficulties initially; however, in 1995, Rajiv Khanna sold his business to Hindustan Unilever Limited. But the end of his ice cream venture marked his entry into the investing world with his wife, Dolly Khanna.
Initial Investments in Dolly Khanna Portfolio
Rajiv and Dolly Khanna laid the foundation of their investment path with Satyam Computers. He invested in the stock during the dot-com bubble and achieved profits of around 300%. This was the first big win for Rajiv and Dolly Khanna portfolio, which introduced them to the earning potential of the share market.
However, due to the dot-com crash and the Stayam computer scam, Dolly Khanna networth took a big hit. This shocked the investing couple, and they halted their investments in the equity markets. In 2003, Rajiv Khanna visited the Unitech corporate office while looking for a house in Delhi. There, he realised the potential of the company, and after research, he invested ₹5 lakhs in the shares of Unitech and made a profit of ₹25 crores.
From here, Dolly Khanna portfolio and networth went through distinct market cycles like the crash of the 2008 crisis and the growth trend afterwards. But the resilient nature of Rajiv Khanna, along with his stock-picking ability in the mid and small-cap segment, led to significant growth in Dolly Khanna networth.
Read More: Best Indian Stocks For Next 10 Years
Dolly Khanna Portfolio Breakdown
Dolly Khanna portfolio includes stocks from traditional industries like textiles, manufacturing, agriculture, and other industries. Over the years, Dolly Khanna has invested in various stocks and currently holds 19 publicly traded companies with a total networth of ₹637.78 crores. To know more about the notable multibagger picks of Dolly Khanna, read the following stocks:
Chennai Petroleum Corporation Ltd.
Current market price (CMP) - ₹638.00
Current market cap - ₹9,505 crores
P/E Ratio - ₹25.5
D/E Ratio - 0.79
Dolly Khanna holds a 1.1% stake in Chennai Petroleum Corporation Limited, valued at ₹103.5 crores. Her stake represents 16,18,520 shares in the company.
Som Distilleries & Breweries Ltd.
Current market price (CMP) - ₹129
Current market cap - ₹2,519
P/E Ratio - 25.0
D/E Ratio - 0.21
Som Distilleries & Breweries Limited holds the second position in the Dolly Khanna portfolio as per the holding value. The investor has raised her stake in the company from 1.4% in December 2024 to 2.4% in March 2025. Dolly Khanna holds 49,57,853 shares in this organisation at a valuation of ₹64.0 crores.
Prakash Industries Ltd.
Current market price (CMP) - ₹169
Current market cap - ₹3,030
P/E Ratio - 8.61
D/E Ratio - 0.12
With a holding value of ₹63.0 crores, Prakash Industries has a 2.1 % stake in Dolly Khanna portfolio. She has raised her stake by 80 bps from 1.3% to 2.1% since December 2024. Dolly Khanna currently holds 31,13,174 shares in Prakash Industries.
GHCL Ltd.
Current market price (CMP) - ₹626
Current market cap - ₹5,990
P/E Ratio - 9.98
D/E Ratio - 0.06
GHCL Limited is a new addition to the portfolio of Dolly Khanna. She has bought 9,82,461 shares at a 1.0% stake in the company as per the filings in March 2025. Dolly Khanna’s shareholding is currently ₹61.2 crores.
Mangalore Chemicals and Fertilisers Ltd
Current market price (CMP) - ₹200
Current market cap - ₹2,366
P/E Ratio - 17.9
D/E Ratio - 0.79
Dolly Khanna has recently raised her holdings in Mangalore Chemicals and Fertilisers Limited by 0.4 % to 2.2% in March 2025 from 1.8% in December 2024. Dolly Khanna currently holds ₹51.6 crores shares in this fertiliser and chemical company.
*(The prices and other details about the stocks mentioned above are updated as of 21st April 2025)
Dolly Khanna Networth Trend Analysis
According to recent data, Dolly Khanna networth stands at a figure of ₹643.98 crores, with holdings in 19 stocks listed on NSE and BSE. The networth of Dolly Khanna has grown extensively since the inception of the early days of her investing journey.
In December 2023, Dolly Khanna networth was ₹422.86 crores, which grew by 16% to ₹490.46 crores in March 2024, and then 19% to ₹584.08 crores in June 2024. However, in the quarter ending December 2024, Dolly Khanna networth dropped to ₹454.61 crores, down from ₹610.06 crores in September 2024.
Even after a journey filled with turbulence, Dolly Khanna has maintained a networth of more than 500 crores through constant investing in the stock market. Dolly Khanna’s approach to investing in growth-oriented low-cap stocks has helped her create a robust portfolio.
FAQs
Who is Dolly Khanna?

Dolly Khanna is a homemaker and a renowned stock market investor of India known for picking lesser-known mid and small-cap stocks. She has a portfolio of 19 stocks and a networth of ₹637.58 crores. She and her husband have been investing in the stock market since 1996.
Who is Dolly Khanna’s husband?

Rajiv Khanna is an engineering graduate from IIT Madras. He is the husband of Dolly Khanna and also manages her stock portfolio. Rajiv Khanna started stock market investing from the proceeds received after selling his ice cream business to HUL in 1995.
What are Dolly Khanna’s latest picks?

Dolly Khanna’s latest stock picks include companies like GHCL Limited and Polyplex Corporation. Dolly Khanna has also raised her stakes in several stocks, including Som Distilleries, Prakash Industries, Mangalore Chemicals, and Prakash Pipes.
What is Dolly Khanna's investment strategy?

Dolly Khanna’s investment strategy includes simple but robust investing methods. She focuses on identifying and investing in non-mainstream companies which are poised for strong growth and profitability. Dolly Khanna invests in stocks that fall in conventional sectors like textiles, manufacturing, and agriculture.
When was Dolly Khanna born?

Dolly Khanna was born in 1966, making her 59 years old as of 2025. She started investing after 1995 when she must have been approximately 30 years old.