Ashish Kacholia Portfolio in 2025 – Holdings List, Changes and Strategy
Ashish Kacholia is known for his unique talent for spotting promising opportunities in the Indian stock market and turning them into remarkable success stories. Ashish has a proven track record and a penchant for discovering hidden gems in the stock market, and he has earned a reputation as a visionary investor and a man behind the rise of numerous Indian companies. Currently, the value of his portfolio is more than ₹2,500 cr. In this blog, we will analyse Ashish Kacholia’s portfolio in 2025, including his investment strategies and the stocks he holds.
Ashish Kacholia Portfolio in 2025
As per the latest corporate shareholdings filed, Ashish Kacholia portfolio publicly holds 48 active stocks. Let’s take a look at the percentage of shares held and value in cr. for these stocks.
Note: This data is taken as of 7th August 2025, based on publicly disclosed shareholding patterns. This information is intended solely for educational purposes and does not constitute investment advice or a recommendation.
Who is Ashish Kacholia?
Ashish Kacholia, also known as ‘Big Whale’ by the media, is an Indian investor and fund manager. Kacholia has made a name for himself by identifying undervalued shares with substantial growth potential. He mostly focuses on small-cap and mid-cap companies that have the potential to become a multibagger in the future.
Kacholia began his career at Prime Securities and later joined Edelweiss before establishing Lucky Securities in 1995. In 2003, he started building his own portfolio after co-founding Hungama Digital with Rakesh Jhunjhunwala in 1999. His early investments in companies like Atul Auto, Eicher Motors, and Mayur Uniquoters helped him get recognition in the investment community.
Ashish’s investment philosophy centres around identifying businesses with strong fundamentals, competitive advantages, and a high growth trajectory. Ashish Kacholia’s portfolio includes a wide range of companies from various sectors such as pharmaceuticals, textiles, consumer goods (FMCG), and information technology (IT).
Top Holdings of Ashish Kacholia Portfolio 2025
Therefore, below is a list of the top 10 Ashish Kacholia latest picks present in the stocks listHere is an overview of the top 5 Ashish Kacholia stocks.
- Shaily Engineering Plastics Ltd: Shaily Engineering Plastics produces plastic components for industries like automotive, electronics, and appliances. The company focuses on delivering high-quality products that meet the specifications of global customers.
- Beta Drugs Ltd: Beta Drugs manufactures active pharmaceutical ingredients (APIs) and generic medicines. The company supplies affordable and reliable healthcare solutions to both domestic and international markets.
- Safari Industries (India) Ltd: Safari Industries makes travel luggage and accessories. It offers a variety of products, including suitcases and backpacks, for customers in India and abroad.
- Acutaas Chemicals Ltd: Acutaas Chemicals produces a range of chemicals used in textiles, agriculture, and pharmaceuticals. The company prioritises sustainable practices and aims to deliver effective solutions for its industries.
- Balu Forge Industries Ltd: Balu Forge Industries manufactures forged and machined components for the automotive, aerospace, and industrial sectors. The company focuses on providing precision-engineered parts that meet global standards.
Ashish Kacholia Multibagger Stocks
Ashish is known for his ability to identify multibagger stocks, and some of the multibagger stocks in Ashish Kacholia’s portfolio include
- Shaily Engineering Plastics Ltd: Shaily Engineering Plastics manufactures plastic components for industries like automotive and electronics. The company has returned about 300% over the past three years, which shows the growing demand for its products across various sectors.
- Beta Drugs Ltd.: Over the past three years, the company has returned 125.85% to its investors. Beta Drugs produces active pharmaceutical ingredients (APIs) and generic medicines, and increasing demand for affordable healthcare products globally is helping the company’s growth.
- Balu Forge Industries Ltd.; Balu Forge Industries manufactures forged and machined components for industries such as automotive and aerospace. Over the past three years, the company has delivered a 103% return.
- Goldiam International Ltd.: Goldiam International manufactures fine and diamond-studded jewellery, and it has given a 124% return in the last three years. Its growing export business and strong presence in the global jewellery market are aiding the company’s growth.
- D-Link (India) Ltd: In the past three years, D-Link (India) has seen a 208% return, due to increased demand for networking and connectivity in India’s growing digital economy. D-Link (India) has been one of the big players in providing networking products and solutions for both consumers and businesses.
Ashish Kacholia Sector-Wise Investments
Ashish Kacholia investments are well-diversified across various sectors, including hospitality, education, infrastructure, and manufacturing, according to exchange filings.
- Hospitality: Kacholia has invested in companies within the hospitality sector, such as hotels and resorts, likely driven by the growing demand for quality services in India’s tourism industry.
- Education: His portfolio also includes companies focused on education, particularly those in skill development, vocational training, and ed-tech. This aligns with his belief in the importance of education and its role in India’s future.
- Infrastructure: Kacholia has investments in infrastructure-related companies, such as those involved in construction, real estate, and utilities. India’s focus on infrastructure development may influence these investments.
- Manufacturing: The portfolio includes companies in the manufacturing sector, covering areas like automobiles, consumer goods, and chemicals. These investments reflect his interest in industries that drive economic growth.
Here’s a graphical representation of Sector-wise Ashish Kacholia portfolio holdings percentage:
Ashish Kacholia Net Worth Trend
As of the latest available data, Ashish Kacholia’s net worth is estimated to be more than ₹2,598.55 cr. This valuation is based on his holdings in 48 listed companies, as per corporate shareholding disclosures up to June 2025. Some of the factors that are helping to increase his net worth include his investments in Gujarat Apollo Industries and increased stakes in Tanfac Industries and Aeroflex Industries. While a few stocks saw profit declines, overall, his portfolio benefited from strong performers. Here is a graphical representation of Ashish Kacholia’s net worth throughout the years.
Ashish Kacholia Portfolio Additions
These are some of the latest additions to where Ashish Kacholia has increased his shares since June 2024.
| Company Name | Shares Increased (%) |
| Aeroflex Industries Ltd. | 0.19% |
| Tanfac Industries Ltd. | 0.46% |
| Agarwal Industrial Corporation Ltd. | 0.33% |
Ashish Kacholia Portfolio Reductions
These are the companies where Ashish Kacholia has reduced his holding percentage within a year.
| Company Name | Shares Reduced (%) |
| Shaily Engineering Plastics Ltd. | -3.76% |
| Safari Industries (India) Ltd. | -0.01% |
| Acutaas Chemicals Ltd. | -0.68% |
| Balu Forge Industries Ltd. | -0.50% |
| Zaggle Prepaid Ocean Services Ltd. | -0.13% |
| Yasho Industries Ltd. | -0.31% |
| Carysil Ltd. | -0.21% |
| Fineotex Chemical Ltd. | -0.07% |
| Awfis Space Solutions Ltd. | -3.28% |
| Man Industries (India) Ltd. | -0.07% |
| NIIT Learning Systems Ltd. | -0.89% |
| Vasa Denticity Ltd. | -0.14% |
| Stove Kraft Ltd. | -0.01% |
| Walchandnagar Industries Ltd. | -0.57% |
Ashish Kacholia Investment Strategy
- Value Investing: Kacholia follows a value investing approach, focusing on undervalued companies with strong growth potential. He seeks businesses with a solid competitive edge and effective management, inspired by Warren Buffett’s investment principles.
- Long-Term Focus: He primarily invests in small and medium-sized companies, believing in their potential for long-term growth. His portfolio reflects this confidence in sectors poised for future expansion.
- Management and Fundamentals Matter: Kacholia pays close attention to a company’s management and its alignment with the company’s core values. If a company strays from its fundamentals, he will sell the stock.
- Adapting to Market Changes: Kacholia favours companies that can adjust to changing market trends and consumer demands, viewing adaptability as a key driver of success.
- Building for Growth: His strategy aims to build a portfolio that grows steadily by focusing on companies with strong fundamentals and long-term opportunities.
Learnings From Ashish Kacholia Portfolio Analysis
There are several valuable learnings from Ashish Kacholia’s latest portfolio:
- Undervalued Companies with Good Fundamentals: Ashish Kacholia’s portfolio highlights the importance of identifying the right undervalued stocks with strong growth potential. He conducts in-depth research and examines all parameters to identify a company’s value that may not yet be reflected in its current value.
- Emphasise Competitive Advantages: Kacholia invests in companies with clear competitive advantages, such as unique technologies, strong brand recognition, or dominant market positions. These advantages allow companies to maintain a high growth trajectory and capture market share over time.
- Importance of Quality Management: A key takeaway from Kacholia’s strategy is the importance of management quality. He carefully evaluates the competence and track record of management teams, recognising that capable leadership is essential for long-term success.
- Long-Term Investment Perspective: Ashish Kacholia portfolio demonstrates a long-term approach to investing. He focuses on the fundamentals and future growth prospects of companies, rather than being swayed by short-term market fluctuations.
To Wrap It Up
It’s evident from Ashish Kacholia’s Portfolio that he has the ability to identify multibagger stocks, and it has helped him to increase his net worth over the years. Ashish’s strategy reflects Warren Buffett’s value investing philosophy. However, investors who are looking to invest in the stock market must do their own research and consult a financial advisor before investing. It would help them minimise the risks and make the most of their investment.
Frequently Asked Questions About Ashish Kacholia’s Portfolio
Ashish Kacholia is an Indian investor, also known as the “Big Whale of Dalal Street.” He had deep knowledge about the financial market and expertise in picking undervalued stocks, which can lead to substantial returns in the long term.
Kacholia primarily invests in undervalued stocks with strong growth potential. Ashish Kacholia’s portfolio includes a mix of small and medium-sized companies in various sectors such as hospitality, education, infrastructure, and manufacturing.
To track Kacholia’s portfolio, you can monitor his investments via regulatory filings, such as stock exchange disclosures. You can track news platforms that provide detailed updates on his stock picks and portfolio performance.
Some of the stocks in Ashish Kacholia portfolio that have given more than 100% in the last three years are:
– Shaily Engineering Plastics Ltd.
– Beta Drugs Ltd.
– Balu Forge Industries Ltd.
– Goldiam International Ltd.
– D-Link (India) Ltd.
Ashish Kacholia try to find opportunities in the small and mid-cap space. His portfolio shows that he has a preference for a diversified portfolio mix across sectors. He often takes early positions in companies with strong fundamentals, niche market presence, and long-term expansion potential.
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