Latest Manish Chokhani Portfolio (2025): Holdings & Investments
Manish Chokhani is the Director at Enam Holdings, the multibillion-dollar family office of Enam’s founders. From 2006 to 2011, he led Enam Securities as CEO and guided its $400 mn merger with Axis Bank to form Axis Capital.
As of March 2025, Enam Securities reported a net worth of ₹13,774.08 cr, led by Manish Chokhan, which shows its strong track record in building value and shaping India’s investment outlook through strategic, long-term decisions. Let’s explore Manish Chokhani’s portfolio in 2025, and also some of his top investments through Enam Holdings.
Manish Chokhani Latest Portfolio in 2025
As of 18th September 2025, Manish Chokhani’s portfolio includes two unlisted companies:
| Company | Round | Round Amount (USD) |
|---|---|---|
| AEON Learning | Series A | 1.06mn |
| Avagmah | Series A | 3.02mn |
Manish Chokhani, through his role at Enam Holdings Pvt Ltd, holds stakes in the following publicly listed companies:
| Company Name | Shareholding % | Value (₹ Cr) |
|---|---|---|
| JSW Steel LTD | 1.1 | 3,126.50 |
| Gujarat Fluorochemicals Ltd | 4.8 | 1,996.40 |
| MRF ltd | 2.6 | 1,630.80 |
| Lakshmi Machine Works Ltd | 8.8 | 1,424.60 |
| Asahi India Glass Ltd | 6 | 1,288.50 |
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 Manish Chokhani?
Manish Chokhani is a Chartered Accountant and MBA from London Business School, and one of India’s respected investors and financial experts. He is Director of Enam Holdings, the multibillion-dollar family office of Enam’s founders, and serves on the Governing Board of Flame University.
Chokhani also worked in private equity, serving as Chairman of TPG Growth India from 2014 to 2016 and as Senior Advisor to TPG Group until 2019.
He currently serves as an independent director on the boards of several listed companies. He has contributed to India’s financial market policy as a member of SEBI’s Alternative Investment Promotion Advisory Committee and as Co-Chairman of the Capital Markets Committee at the IMC.
Chokhani has also been a visiting faculty member at IIM-K, served on the International Alumni Board and scholarship panels of London Business School, and is a member of the YPO Gold Mumbai chapter
Overview of Manish Chokhani Portfolio
Manish Chokhani portfolio includes a mix of listed companies through Enam Holdings and unlisted shares, as he is also an active angel investor backing emerging startups across diverse sectors.
Private / Unlisted Investments
- AEON Learning: An Indian edtech startup, AEON Learning focuses on innovative learning solutions and digital education platforms. It provides interactive tools and content to engage students and improve learning outcomes.
- Avagmah: Avagmah is a technology-driven company that offers digital solutions and services. It helps businesses streamline operations and improve efficiency through customised software and IT platforms.
Top 5 Manish Chokhani Investments via Enam Holdings Pvt Ltd
- JSW Steel Ltd: One of India’s largest steel producers, JSW Steel manufactures a wide range of flat and long steel products used in construction, automotive, infrastructure, and engineering industries.
- Gujarat Fluorochemicals Ltd: A chemical manufacturing company specialising in fluoropolymers, refrigerants, and speciality chemicals. It serves sectors such as automotive, construction, electronics, and renewable energy globally.
- MRF Ltd: India’s leading tyre manufacturer, MRF produces tyres for two-wheelers, passenger cars, trucks, and aircraft, along with tubes, conveyor belts, and paints.
- Lakshmi Machine Works Ltd: A prominent textile machinery manufacturer in India, it produces spinning machinery, CNC machine tools, and aerospace components for domestic and international markets.
- Asahi India Glass Ltd: A key glass manufacturer in India, the company produces automotive glass, architectural glass, and consumer glass products, serving industries like construction and automobiles.
Sector-Wise Allocation of Manish Chokhani’s Portfolio
Manish Chokhani focuses his angel investments on two key sectors in India. Here is a snapshot of his sector-wise investment:
- Education / Edtech: The demand for this sector is growing as schools and colleges adopt digital learning tools. Companies in this sector are involved in creating interactive content, e-learning platforms, and innovative educational solutions to improve student engagement and learning outcomes.
- Technology / Business Solutions: This sector includes startups that provide software, digital platforms, and IT solutions to help businesses run efficiently.
Manish Chokhani Net Worth
Manish Chokhani’s exact net worth is not publicly known. However, as Director of Enam Securities Pvt Ltd, he manages a company that currently holds 32 stocks worth over ₹15,412.3 cr. This showcases his scale of investments he manages, along with decades of experience in investment banking, private equity, and strategic portfolio management.
Manish Chokhani Investment Strategy
As a Director at Enam Securities Pvt Ltd, Manish Chokhani manages a large and diversified portfolio of listed companies and private startups. His strategy focuses on building long-term value through disciplined, research-driven investing.
- Long-Term Investing: Chokhani invests in fundamentally strong companies and high-growth securities, holding them for the long term to maximise returns over time.
- Bottom-Up Research: He and his team carefully study company financials, management quality, and business models to select the best investment opportunities.
- Contrary Investing: Chokhani maintains his investments even when market trends or economic cycles change, sticking with companies he believes in.
- Use of Proprietary Capital: Enam Securities invests with its own funds, avoiding debt, which allows more flexibility for future opportunities.
- Ethical / ESG Investing: Chokhani avoids companies that harm the environment, society, or living beings, following strict ethical investment principles.
To Wrap it Up…
Manish Chokhani follows a disciplined and research-driven approach to investing. Through Enam Securities Pvt Ltd, he manages a large portfolio of stable, listed companies across sectors like manufacturing, chemicals, and automotive components.
In addition, he invests personally in high-growth startups, mainly in edtech and technology solutions. This combination of established companies and innovative startups allows him to balance stability with growth.
On an important note, every investor has their own investment style, risk tolerance, and strategy. That’s why investors must do their own research and consult a financial advisor before making investment decisions.
Frequently Asked Questions About Manish Chokhani Portfolio
Manish Chokhani is a Chartered Accountant, Investor, and director at Enam Holdings Pvt Ltd. He is an angel investor, having invested in several startups. In addition, through his role at Enam, he invests in listed companies and established businesses.
Manish Chokhani invests in both listed companies through Enam Securities and private startups. His portfolio spans sectors like manufacturing, chemicals, automotive components, edtech, and technology-driven business solutions.
Manish Chokhani has backed AEON Learning (edtech) and Avagmah (technology/business solutions) through early-stage rounds, focusing on startups with high growth potential in India.
Manish Chokhani follows a long-term, research-driven approach. He analyses company fundamentals, invests in ethically managed businesses, balances stable listed holdings with startups, and holds positions through market cycles to create sustained value.
Manish Chokhani holds stakes in two unlisted startups as an angel investor: AEON Learning and Avagmah. He is also the director of Enam Holdings Pvt Ltd, which invests across sectors such as manufacturing, chemicals, and automotive components. Some of the top stocks in Enam Holdings’ portfolio include:
-JSW Steel
-Gujarat Fluorochemicals
-MRF
-Lakshmi Machine Works
-Asahi Glass
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory.
