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Vijay Kishanlal Kedia is an Indian investor. His philosophy is SMILE, Small in size, Medium in experience, Large in aspiration and Extra-large in market potential.
Vijay Kishanlal Kedia is an Indian investor. His philosophy is SMILE, Small in size, Medium in experience, Large in aspiration and Extra-large in market potential.

Vijay Kedia - Early Life and Family Background
Vijay Kedia is known as the ‘market master’ because of his deep knowledge and resilient & determined equity investing approach. As per a report of the Economic Times, Vijay Kedia has been featured in the list of India’s top richest investors for Q1FY25.
Vijay Kishanlal Kedia is a renowned self-made stock trader and investor in India. He is known for his long-term value investing approach in the Indian stock market. Vijay Kedia portfolio includes 15 publicly traded stocks valued at ₹1,348.83 crores.
Vijay Kedia was born in 1962 to a Marwari family in Kolkata (then Calcutta). Vijay Kedia belonged to a business-oriented family that owned and operated a stock brokerage. Hence, Vijay was exposed to stock market jargon, investment, and trading in the early ages.
Vijay Kedia received his education from the University of Calcutta with a degree in commerce (B.Com). However, Vijay Kedia was of the opinion that to achieve success in the stock market, it is not necessary to have a formal education. He himself learned trading and investing through practical experience and learning.
He entered his family business at the age of 14 and, within a short time, left it. Vijay Kedia realised that stock broking was not for him; hence, at 19, he started stock market trading. This was a life-changing moment for him, which helped him become one of India's most successful investors.
How Did Vijay Kedia Become Rich?
Vijay Kedia’s story, from rags to riches, did not start smoothly. His life took a drastic turn in 1978 due to the sudden demise of his father. As a result, Vijay Kedia has to take family responsibility and join his family business. At 19, he started stock trading, and his first success came with a stock of Punjab Tractors. He invested rupees ₹ 35,000 in this stock, and within the next 2-3 years, Punjab Tractor stocks appreciated six to seven times. This investment was the first big hit for Vijaye Kedia portfolio.
After some years, Vijaye Kedia moved to Mumbai to learn and earn more from the stock market. Also, he got married before relocating to Mumbai. Vijay Kedia’s initial days in India’s financial hub were met with challenges, including financial losses. Hindustan Motors was one trade where he lost around Rs 70,000 in just 2-3 days.
But dedicated to making a name for himself, he took another bet on ACC Cements in the 1990s. At the time, it was trading at ₹300 a piece. Eventually, the stock's price went to ₹3000 a share, offering 10x returns to Vijay. Because of these massive profits, Vijay Kishan Kedia bought his first home in Mumbai. Later on, he decided to become a long-term investor from a short-term trader in the 1990s.
Between 2002 and 2003, Vijay Kedia identified three stocks for long-term investment. He strategically invested in Agies Logistics Ltd., Atul Auto Ltd. and Cera Sanitaryware. Vijay Kedia held this position for an extended period, resulting in massive price appreciation of more than 100x returns. From that point in time, he became a notable investor in India, and since then, people have been following Vijay Kedia portfolio.
Vijay Kedia - Founder of Kedia Securities
Following his success with ACC Cements in the 1990s, Vijay Kedia decided to open his own business venture. In 1993, he started Kedia Securities, an investment firm undertaking investment activities in both the listed and unlisted space. It also invests in the real estate segment. Kedia Securities follows the SMILE approach of investing. Here, SMILE stands for small in size, medium in experience, large in aspiration, and extra large in market potential.
Vijay Kedia invested in Aegis Logistics, Cera Sanitary Ware and Atul Auto Limited through Kedia Securities. Other notable investments of the company are Elecon, Club Mahindra, Neuland, Panasonic and many more.
Vijay Kedia - Investing Philosophy
Vijay Kedia portfolio has been a result of his value-investing approach using the SMILE approach. Special emphasis on strong management through research, long-term investment and fundamental analysis is a key aspect of Vijay Kedia’s investing approach.
Vijay Kedia’s investment philosophy strongly focuses on choosing stocks with experienced management. As per Vijay Kedia, strong management is the core for the growth of the business, resulting in significant price appreciation of stocks.
Another crucial aspect of Vijay Kedia’s investment style is having a long-term investing horizon. He believes that an investment must have a minimum period of 5 years to reap maximum returns. Vijay Kedia himself has made a substantial part of his networth through long-term investments in high-growth stocks.
Resilience, determination, and research-backed stock picks are other factors that have been essential to Vijay Kedia portfolio and networth creation. With over 15 stocks, his portfolio is well diversified into various high-growth sectors, enabling Vijay Kedia networth to grow from ₹35,000 to more than ₹1,000 cr.
Vijay Kedia Networth 2025
According to the data sourced from various platforms, Vijay Kedia networth currently stands at a figure of ₹1348.83 crores. He created a vast net worth through stock market investing for a long time.
Vijay Kedia networth has experienced dynamic growth over his investment period. In the quarter ending Jun 2024, his networth was registered as 1837.07 cr., which decreased in the next quarter by 9% to 1672.27 cr. However, in the quarter ending December 2024, Vijay Kedia network grew by 13.4% to 1,869.33 cr.
FAQs
What is the business of Vijay Kedia?

Vijay Kedia is an ultra-rich stock market investor from India. He is known as the ‘market master’ for his ability to identify low-priced multibagger stocks. Vijay Kedia has been investing in the Indian stock market since the 1990s and has amassed a wealth of approximately ₹1,348.83 cr.
What is the Vijay Kedia portfolio?

Vijay Kedia portfolio comprises 15 publicly traded equity shares. Atul Auto, TAC Infosec, Neuland Laboratories, Tejas Networks and Elecon Engineering are the top 5 stocks in his portfolio based on the holding value.
What is the business of Kedia Securities?

Kedia Securities is an investment firm that invests in listed and unlisted securities. Along with equity markets, it also invests in the real estate segment. Vijay Kedia founded Kedia Securities in 1993 and has invested in many stocks through the firm.
What is Vijay Kedia’s SMILE principle?

The SMILE principle represents the investment philosophy of Vijay Kedia. SMILE stands for small in size, medium in experience, large in aspiration, and extra large in market potential.
What is Vijay Kedia famous for?

Vijay Kedia is famous because of his investing story. He is a determined, learned, and experienced stock market investor who has created vast wealth through investing. People often remember Vijay Kedia because of his ₹35,000 in Punjab tractors, which was his first successful bet.