Latest Ashish Dhawan Shareholdings and Portfolio in 2026

Some investors are tracked for the wealth they create. Others are remembered for what they build beyond markets. Ashish Dhawan belongs to both groups. He co-founded ChrysCapital, one of India’s best-known private equity firms, and later moved into philanthropy through initiatives such as Central Square Foundation and Ashoka University. That combination of investing success and institution-building is one reason his journey continues to attract attention. In this article, we focus on Ashish Dhawan’s portfolio, his listed holdings, sector exposure, and more.

Ashish Dhawan Portfolio 2026

Here is a list of 12 stocks in Ashish Dhawan portfolio as of March 2026.

Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Who is Ashish Dhawan?

Ashish Dhawan is an Indian investor-turned-philanthropist best known for co-founding ChrysCapital in 1999, one of India’s leading private equity firms. Over time, he also became widely known for his work in education and institution-building through initiatives such as Central Square Foundation, Convergence Foundation, and Ashoka University.

Early Career
Before building his investing career in India, Ashish Dhawan studied at Yale University and later earned an MBA from Harvard Business School. He started his professional journey in the US, where he worked in investment banking and private equity, before returning to India in the late 1990s.

Building ChrysCapital
In 1999, he co-founded ChrysCapital with Raj Kondur. The firm later became one of the most recognised names in Indian private equity and played an important role in shaping India’s alternative investment space. This phase helped establish Ashish Dhawan as one of the most respected investors in India’s financial ecosystem.

Shift From Investing to Philanthropy
In 2012, after spending around two decades in investment management, he stepped away from his full-time role at ChrysCapital to focus on philanthropy, especially in education reform. Since then, his public role has gone far beyond investing, with work across school education, public policy, leadership development, and social-sector institution building.

Ashish Dhawan Top Holdings

• Mahindra & Mahindra Financial Services Ltd.: Mahindra & Mahindra Financial Services is a part of the Mahindra Group that provides financial products and services, including loans for vehicles, tractors, and personal finance. 
• Religare Enterprises Ltd.: Religare Enterprises is a diversified financial services company offering investment and insurance solutions, healthcare services, and asset management. 
• Equitas Small Finance Bank Ltd: Equitas Small Finance Bank Ltd is a small finance bank that offers banking and lending services across retail and small business segments. Its business includes vehicle loans, microfinance, housing loans, and savings products, with a focus on serving underserved and mass-market customers.
• Greenlam Industries Ltd: Greenlam Industries Ltd is a decorative surfaces company that manufactures laminates, compact laminates, veneers, plywood, and allied products. The company serves residential and commercial interior demand in India and also has a presence in international markets.
• AGI Greenpac Ltd: AGI Greenpac Ltd is a packaging products company known for manufacturing container glass, PET bottles, and security caps and closures. It supplies packaging solutions to industries such as food, beverages, pharmaceuticals, and personal care.

Ashish Dhawan Portfolio: Sector-Wise Distribution

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• Pharmaceutical Sector:  Ashish Dhawan’s Portfolio includes Glenmark Pharmaceuticals, a pharmaceutical company that focuses on developing treatments in oncology, dermatology, and respiratory care. 
• Banking Sector: Equitas Small Finance Bank and IDFC First Bank are part of Ashish Dhawan’s portfolio from the banking sector. 
• Financial Services Sector: Ashish Dhawan in the financial services sector, and the companies in this sector include Mahindra & Mahindra Financial Services and Religare Enterprises. 
• Consumer Goods & Retail Sector: Consumer goods and retail sectors benefit from changing consumer preferences and rising incomes, particularly in fashion and home improvement. Arvind Fashions is focused on this sector and is part of Ashish Dhawan’s Portfolio.
• Technology & Services Sector: By analysing Ashish Dhawan’s portfolio composition, it is quite evident that he is bullish about the technology and services sector. He has investments in Quess Corp, which focuses on outsourcing, IT services, and digital solutions. This sector offers growth opportunities with increasing demand for digital transformation across industries.

Stocks Added to Ashish Dhawan Portfolio

Ashish Dhwan hasn’t added any new stock to his portfolio recently. However, in December 2025, Ashish Dhawan increased the stake of two companies in his portfolio: Bluspring Enterprises Ltd. and Equitas Small Finance Bank.

Stocks Removed from Ashish Dhawan Portfolio

While he maintained most of his positions, Ashish Dhawan marginally reduced his exposure in one company during the December 2025 quarter, slightly trimming his stake in Religare Enterprises Ltd.

Ashish Dhawan Net Worth

As of June 2025, Ashish Dhawan’s net worth is ₹3,346.08 cr. In December 2015, Ashish Dhawan’s portfolio was heavily concentrated in large-cap stocks, with a focus on financial services and energy sectors. Over the next few years, Dhawan’s portfolio underwent a significant transformation. He gradually reduced his exposure to large-cap stocks and started investing in mid-cap and small-cap stocks, and this strategy helped him increase his net worth.

Let’s take a look at Ashish Dhawn’s net worth trend over the past few years.

Ashish Dhawan Investment Strategy

Here are some key lessons from Ashish Dhawan’s investment strategy:

• Long-Term Strategy: Ashish Dhawan focuses on long-term growth. He is patient and willing to hold onto stocks, even when prices fluctuate in the short term. He understands that while the market can be volatile, it generally trends upwards over time.
• Look for Deals: Dhawan has a talent for finding undervalued stocks. He looks for companies that are priced lower than they deserve based on their potential. This approach allows him to buy quality stocks at a good price. 
• Managing Risk Smartly: Dhawan embraces risk, but he does so with caution. He is open to investing in smaller companies, which may be more volatile. However, he carefully evaluates these companies, ensuring they have strong growth prospects before making any investments.
• Diversified Portfolio: Ashish Dhawan’s holdings are across various sectors, which shows he prefers a diversified approach. He invests in various sectors and types of companies to reduce risk. This diversified allocation limits exposure to any single industry and plays a key role in balancing the overall Ashish Dhawan portfolio performance over different market cycles.

To Wrap It Up…

Ashish Dhawan’s portfolio reflects a focused and research-led approach, with exposure to businesses across sectors such as financial services, consumer, packaging, and building materials. His journey from private equity investor to philanthropist has made his portfolio one of the more closely followed ones in the Indian market.

However, investors must remember that every portfolio is built around different goals, risk appetite, and investment horizons. Investors should always do their own research and, where needed, consult a qualified financial advisor before making investment decisions.

For independent analysis, investors can use the Tickertape Stock Screener, which offers 200+ filters to evaluate stocks based on fundamentals, valuations, financials, and performance. Investors can also track major investor activity through Tickertape Market Movers.

Frequently Asked Questions About Ashish Dhawan Portfolio

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