Ashish Dhawan Portfolio in 2025 – Sectors and Top Holdings
Ashish Dhawan is a renowned name in the private equity investment domain. He has established himself as one of India’s richest investors and notable philanthropists. With his influential private equity firm, Chrysalis Capital, Ashish Dhawan’s portfolio includes top-tier stocks that have contributed to his net worth exceeding ₹3,386.70 cr. In this article, we will be covering the Ashish Dhawan Portfolio, the list of the stocks he has invested in recently, his investment strategy, and the sector-wise distribution of his holdings.
Ashish Dhawan Portfolio 2025
Here is a list of 14 Ashish Dhawan portfolio companies valued at around ₹3386.7 cr. so far, as of June 2025.
| Company Name | Holding Percentage | Holding Value (in ₹ cr.) |
|---|---|---|
| Glenmark Pharmaceuticals Ltd | 1.24% | 708.37 |
| IDFC First Bank Ltd | 1.26% | 641.86 |
| Mahindra & Mahindra Financial Services Ltd | 1.05% | 372.88 |
| Religare Enterprises Ltd | 4.14% | 343.87 |
| AGI Greenpac Ltd | 4.79% | 290.22 |
| Equitas Small Finance Bank Ltd | 3.86% | 252.96 |
| Greenlam Industries Ltd | 3.77% | 216.08 |
| Quess Corp Ltd | 4.09% | 172.55 |
| Digitide Solutions Ltd | 4.09% | 125.66 |
| RPSG Ventures Ltd | 3.73% | 113.29 |
| Northern ARC Capital Ltd | 2.17% | 77.79 |
| Bluspring Enterprises Ltd | 4.09% | 52.53 |
| Dish TV India Ltd | 1.57% | 15.09 |
| Palred Technologies Ltd | 5.54% | 3.55 |
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 investor, philanthropist, and entrepreneur in India. He co-founded a private equity firm called ChrysCapital, which has invested in various high-growth companies over the years.
In 2012, Ashish Dhawan founded the Central Square Foundation (CSF) to improve education. CSF is also involved in various activities to make education policies smarter in India.
In 2014, Ashish Dhawan, with 40 other members, inaugurated Ashoka University. This university is the first of its kind in India, focusing on liberal arts, which means it covers a wide range of subjects to give students a well-rounded education.
Ashish Dhawan Top Holdings
Let’s take a look at the notable holdings from Ashish Dhawan’s portfolio for the year June 2025.
- Glenmark Pharmaceuticals Ltd.: Glenmark Pharmaceuticals is a global pharmaceutical company engaged in the discovery, development, and manufacturing of branded and generic medicines. It has a strong presence in both domestic and international markets.
- IDFC First Bank Ltd.: IDFC First Bank is a private sector bank in India that aims to provide customer-centric services with a focus on digital banking solutions. It offers a range of financial services such as retail banking, corporate banking, and wealth management.
- 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.
- AGI Greenpac Ltd.: AGI Greenpac Ltd. is a leading packaging solutions provider, specialising in manufacturing corrugated packaging products. The company serves industries such as FMCG, automotive, and pharmaceuticals to meet the growing demand for eco-friendly options.
Ashish Dhawan Portfolio 2025 Sector-Wise Distribution
Ashish Dhawan portfolio diversification is across various sectors, including:
- 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 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.
Ashish Dhawan Portfolio Analysis in 2025
Since June 2024, Ashish has made a few changes to his portfolio. While he has increased his shareholding in a few companies, on the other hand, he has also decreased his shareholding percentage in some.
Stocks Added to Ashish Dhawan Portfolio
In 2025, Ashish Dhawan added four new stocks to his portfolio: IDFC First Bank Ltd., Bluspring Enterprises Ltd., Digitide Solutions Ltd., and Northern ARC Capital Ltd. He has also increased his shareholding in Quess Corp Ltd., Religare Enterprises Ltd., and Equitas Small Finance Bank Ltd. Below is a breakdown of Ashish Dhawan’s shareholding of all the newly added stocks.
| Company Name | Increase in Holding % |
| IDFC First Bank Ltd. | 1.26 |
| Bluspring Enterprises Ltd. | 4.09 |
| Digitide Solutions Ltd. | 4.09 |
| Northern ARC Capital Ltd. | 2.17 |
| Quess Corp Ltd. | 0.14 |
| Religare Enterprises Ltd. | 1.84 |
| Equitas Small Finance Bank Ltd. | 0.31 |
Stocks Removed from Ashish Dhawan Portfolio
As you can see from the table below, Ashish Dhawan has sold all of his stake in Greenlam Industries Ltd., AGI Greenpac Ltd., Dish TV India Ltd., Palred Technologies Ltd. and RPSG Ventures Ltd. In addition, he has reduced his shareholding in Glenmark and Mahindra & Mahindra Financial Services Ltd.
| Company Name | Decrease in Holding % |
| AGI Greenpac Ltd. | -4.79 |
| Dish TV India Ltd. | -1.57 |
| Glenmark Pharmaceuticals Ltd. | -1.31 |
| Greenlam Industries Ltd. | -3.7 |
| Mahindra & Mahindra Financial Services Ltd. | -0.13 |
| Palred Technologies Ltd. | -5.54 |
| RPSG Ventures Ltd. | -3.73 |
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…
The Ashish Dhawan portfolio highlights key investment principles that can guide long-term success. His deep research, smart risk-taking, and diversification provide a balanced approach. By investing in quality, undervalued stocks across different sectors, Dhawan’s strategy offers stability, even in volatile markets.
If you’re looking to start your investment journey and build a solid portfolio, consider exploring readymade model portfolios on smallcase. These portfolios include a curated collection of the best stocks in specific sectors and themes.
Frequently Asked Questions About Ashish Dhawan Portfolio
Ashish Dhawan is an experienced Indian investor and philanthropist. He founded ChrysCapital, a private equity firm, and has a successful track record of investing in high-growth companies. Dhawan is known for his patient, long-term investment approach.
Dhawan invests in a variety of stocks, focusing on companies with strong fundamentals and growth potential. His portfolio includes large-cap, mid-cap, and small-cap stocks across sectors like finance, healthcare, and technology.
You can find information about Ashish Dhawan’s portfolio by reviewing public filings, investment reports, and financial news. Many investment platforms also track the movements of high-profile investors like Dhawan. You can also use Tickertape Stock Screener to track Ashish Dhawan’s top holdings.
Ashish Dhawan follows a long-term, value-driven investment strategy. He seeks undervalued stocks with strong growth potential. His approach is focused on patience, diversification, and smart risk-taking, aiming for steady returns over time.
The company, co-founded by Ashish Dhawan is ChrysCapital. ChrysCapital is a private equity firm that focuses on private equity investments across a range of Indian businesses.
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