Ramesh Damani Portfolio in 2025 -Holdings, Investments & Networth

Ramesh Damani, a seasoned investor and member of the Bombay Stock Exchange since the 1990s, manages a focused equity portfolio through Damani Finance Pvt. Ltd. As of Q2 2025, his publicly disclosed holdings include four listed companies with a combined market value of over ₹100 cr.  In this article, we take a closer look at the Ramesh Damani portfolio, his key holdings, sectoral exposure, and investment strategy that helped him grow his portfolio over the years.

Ramesh Damani Portfolio Holdings 2025

As of June 2025, Ramesh Damani’s holdings include four companies:

Stock Name	Holding Value (in cr)	June 2025 % Holding
Goldiam International Ltd	43.79	1.16%
Protean eGov Technologies Ltd	31.86	1.05%
Panama Petrochem Ltd	23.65	1.12%
Vadivarhe Speciality Chemicals Ltd	0.57	1.48%

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 Ramesh Damani?

Ramesh Damani is an Indian investor and a member of the Bombay Stock Exchange since 1989. He earned his MBA from California State University, Northridge, before returning to India to build a career in equity markets. He is the Managing Director of Damani Finance Pvt. Ltd. and currently serves as Chairman at Avenue Supermarts, the parent company of D-Mart. 

He is known for following a long-term value investing approach, inspired by Warren Buffett. Ramesh became famous for investing in companies like Infosys and CMC during the early 1990s. These early picks gained significant value over time and shaped his reputation as a thoughtful and early mover in the Indian stock market.

Ramesh Damani Portfolio 2025: Stocks Overview

Here is an overview of all the stocks in the Ramesh Damani portfolio.

• Goldiam International Ltd.: Goldiam International designs and manufactures diamond-studded gold and platinum jewellery for global markets. It operates as an export-oriented unit, catering mainly to retailers in the US and Europe. 
• Protean eGov Technologies Ltd.: Protean eGov Technologies (formerly NSDL e-Gov) develops digital solutions for government-led citizen services. The company works closely with central agencies, combining IT infrastructure with compliance frameworks in areas like identity management and secure documentation.
• Panama Petrochem Ltd.: Panama Petrochem produces petroleum-based products such as transformer oils, lubricants, greases, and ink oils. Its manufacturing units are located in Gujarat and the UAE, serving clients across textiles, rubber, power, and printing sectors. 
• Vadivarhe Speciality Chemicals Ltd: Vadivarhe Speciality Chemicals manufactures speciality chemicals, nutraceuticals, and pharmaceutical intermediates. Its product range supports segments like personal care, animal health, and food processing. 

Ramesh Damani Portfolio: Shares Bought

Since June 2024, Ramesh Damini has only bought the shares of Protean e-Gov Technologies Ltd. As of June 2025, he holds a 1.05% stake in the company.

Ramesh Damani Portfolio: Shares Sold

Ramesh Damini has reduced his shareholding by 1.09 %in Garden Reach Shipbuilders & Engineers Ltd and 0.42% in Goldiam International Ltd. since June 2024.

Ramesh Damani Net Worth Trend

Ramesh Damani’s portfolio has seen notable fluctuations over the past five years. As you can see from the graphical representation below, his net worth rose sharply between 2021 and 2024, but there is a visible decline in 2025. As of June 2025, Ramesh Damani’s net worth is estimated to be around ₹100.26cr.

Sector-Wise Ramesh Damani Investments

The Ramesh Damani holdings span the following sectors: 

Let’s take a look at a brief overview of Ramesh Damani’s portfolio sectors and the factors supporting their growth.

• E-Governance Solutions: The sector builds digital infrastructure for identity, finance, and compliance services. In addition, public-private partnerships, digital-first service delivery models, and the rising need for scalable backend systems in public administration are supporting growth in this sector.
• Speciality Chemicals: This sector includes high-performance chemicals used in pharma, personal care, agriculture, and industrial applications. Indian manufacturers benefit from global supply diversification, rising exports, and policy support under PLI schemes. 
• Gems & Jewellery: India’s jewellery sector remains strong in global exports, including gold and lab-grown diamond products. The SEZ incentives, digital design adoption, and increasing global demand are supporting the growth of this sector. Ramesh Damani’s Diamond Industry Investments show that he is bullish about this sector and has confidence in its potential.

Ramesh Damani Investment Strategy

• Theme-Based Investing: Rather than relying on textbook metrics alone, Damani looks for large, long-term trends. For instance, in 2003, he identified liquor and PSU stocks as part of a broader economic recovery theme, buying into McDowell and United Breweries well before these stocks gained mainstream attention.
• Focus on Value with Strong Fundamentals; His strategy centres around identifying companies trading below their intrinsic value. He prefers businesses with stable cash flows, sound balance sheets, and credible management, even if they don’t always trade at low price-to-earnings ratios.
• Favourable Risk–Reward Approach: Damani avoids high-volatility or speculative stocks. He seeks opportunities where the downside is limited, but the potential for long-term compounding exists. As Ramesh Damani has said many times about the stock market, “There are no losses, only lessons earned”.
• Concentrated Portfolio Strategy: Ramesh Damani maintains a focused portfolio with a limited number of holdings. Ramesh Damani’s portfolio diversification approach involves investing in businesses he understands well. This approach shows high conviction in select companies rather than spreading capital across a wide range of stocks.
• Long-Term Holding Periods: Damani follows a long-term approach to equity investing. He prefers to hold shares in fundamentally strong businesses for several years, allowing time for the company’s performance and intrinsic value to reflect in the stock price.

Ramesh Damani’s Investment Philosophy

• Belief in the Power of Compounding: Damani often highlights the power of compounding. He believes that a good stock picker should aim to double their capital every three years. Over a few decades, this steady approach can multiply wealth significantly.
• Building Generational Portfolios: He suggests creating long-term portfolios even for future generations. A small amount invested early, such as for children or grandchildren, has the potential to grow meaningfully over time, given the right holding period
• Caution on Overpaying for New-Economy Companies: While not opposed to new-economy companies, he cautions against overpaying for them. Damani prefers grounded valuations and a clear business model over speculative enthusiasm.
  

To Wrap it Up

Ramesh Damani’s investment journey shows a grounded and straightforward approach due to decades of market experience. Ramesh Damani’s portfolio stocks show his preference for quality businesses with clarity in fundamentals and long-term relevance.

While Ramesh Damani’s investment philosophy offers valuable guidance, no single strategy fits all. Each investor brings a different risk appetite, timeline, and set of goals. While it’s useful to study seasoned investors, it’s equally important to do your own research, understand the businesses, and make decisions suited to your context.

Frequently Asked Questions about Ramesh Damani Portfolio