In any country’s economy, the role of stock market is quite prevalent and thus the role of stock traders. Stock traders are stock market professionals who indulge in the buying and selling of stocks with a purpose to accrue profit. In a few cases, the best traders in India associate with large financial firms that leverage the skills and experience of stock traders to determine and grab opportunities for profit. They may trade in a variety of markets, including stocks, options, and futures, and employ a range of trading techniques, including swing trading, day trading, and value investing.
A trifecta of expertise, know-how, and discipline is required for successful stock trading. They must be able to spot trends in the market and act quickly as those trends change. Since trading stocks may be hazardous and volatile, the best traders in India also need to carefully manage risk. Additionally, stock traders need to be able to control their emotions to prevent losses from resulting from rash actions. Despite the long hours and high levels of stress common among the top traders in India, many people find the profession interesting due to the possibility of huge rewards and the market’s excitement.
Top 10 Traders In India- List Of Richest Traders In India
Below are the top 10 traders in India that have written their own story of success in the Indian diaspora. Let’s have a look at the following table of the richest traders in India.
|S.No||Trader Name||Portfolio Value|
|1||Radha Kishan Damani||1,69, 802 Cr|
|2||Rakesh Jhunjhunwala||Rs. 38,687.90 cr|
|3||Raamdeo Agrawal||Rs. 3,551.2 Cr|
|4||Vijay Kedia||Rs. 1,399.5 Cr|
|5||Premji & Associates||Rs. 169,228.4 cr|
|6||Sunil Singhania||₹2,451.3 crores|
|7||Anil Kumar Goel||Rs. 2,080.50 cr|
|8||Mukul Agrawal||Rs. 4,107.83 Cr.|
|9||Porinju Veliyath||Rs. 207.2 crore|
|10||Ramesh Damani||₹143.8 Cr|
Now, you know the names of top 10 traders in India, it’s time to delve deep and know more about them below.
1. Radha Kishan Damani
Radha Kishan Damani is counted among the best traders in India. Known to be the 8th wealthiest man in the country, he is a well-reputed entrepreneur and richest trader in India. He is known to get mentored by none other than late Mr. Rakesh Jhunjhunwala. Let’s look at his portfolio below.
|Stock name||Holding value (Rs. in cr.)||June 2023 holdings in %||March 2023 holdings in %||December 2022 holdings in %|
|Avenue Supermarts Ltd||1,63,617.40||67.20%||67.50%||67.50%|
|VST Industries Ltd||1,816.50||30.70%||30.70%||30.70%|
|India Cements Ltd||1,409.00||20.80%||20.80%||20.80%|
|Advani Hotels and Resorts (India) Ltd||17.7||4.20%||4.20%||4.20%|
|Sundaram Finance Ltd||688.1||2.40%||2.40%||2.40%|
|Mangalam Organics Ltd||8.6||2.20%||2.20%||2.20%|
|Sundaram Finance Holdings Ltd||52.3||1.90%||1.90%||1.90%|
|3M India Ltd||476.6||1.50%||1.50%||1.50%|
Being one of the top 10 intraday traders in India, Radhakishan Damani’s net worth is projected to be more than Rs. 1,69,802.5 cr. as of July 2023. Radhakishan Damani’s net worth from December 2015 to August 2023 is shown in the graph below. Avenue Supermart’s IPO greatly raised RK Damani’s net worth, despite the fact that the business didn’t start trading on stock markets until 2017.
In 1954, RK Damani was born to Marwadi parents. He abandoned his B.com degree to launch his trade company since he was naturally good at business. RK Damani quickly concluded that in order to make more gains, he would have to stop working as a stockbroker part-time and start working as a trader full-time. But before to entering the stock market, RK worked in the ball-bearing industry. At the age of 32, he began his stock market experience and became one of the top traders in India.
He became the top share market investors in India after putting his money in the stock market and employed effective techniques to build a strong portfolio. He traded stocks and made money using the swing trading approach.
2. Rakesh Jhunjhunwala
SENSEX, the Bombay Stock Exchange Index, stood at 150 when Rakesh Jhunjhunwala began investing in the stock market in 1985; it currently trades at 52,863. In 1986, he made his first sizable profit. He made an investment in 5,000 shares of Tata Tea, which were priced at Rs. 43 a share at the time. He made a profit of Rs. 5,000 when the share price increased to Rs. 143 in just three months. He traded in the stock market over the following three years, generating a profit of more than Rs. 20 lakh. He always comes at the top in the list of best traders in India.
As of July 20, 2023, Rakesh Jhunjhunwala and Associates had a net worth of Rs. 38,687.90 cr.
Below is a quick view of the Rakesh Jhunjhunwala’s portfolio.
|Stock name||Holding Value (Rs. in cr.)||June 2023 holdings in %||March 2023 holdings in %|
|Titan Company Ltd||14181.5||0.054||0.053|
|Tata Communications Ltd||840.1||0.018||0.018|
|Canara Bank Ltd||1276.4||0.021||0.021|
|Fortis Healthcare Ltd||1123||0.045||0.045|
|Tata Motors Ltd||3247.7||0.016||0.016|
|Va Tech Wabag Ltd||256.7||0.08||0.08|
One of the top traders in India, Rakesh Jhunjhunwala has always had a lot of enthusiasm. He was aware of the growing potential of the Indian economy and did not hesitate to take calculated risks. He has always served as an example for many investors. Although there are several bulls on Dalal Street, Jhunjhunwala may be the last “Big Bull” in India.
Everyone is a fan of and a careful watcher of Rakesh Jhunjhunwala’s trade techniques, whether they are seasoned competitors or newcomers. Instead of merely replicating Rakesh Jhunjhunwala’s holdings, it could be wise to do your own research and identify stocks that fit your risk tolerance.
3. Raamdeo Agrawal
Another one of the top traders in India is Raamdeo Agrawal. The son of a farmer, Raamdeo Agrawal hails from Raipur in Chattisgarh. And because he hails from an agricultural family, he thought it would be a good idea to put money aside and invest in kids. But when he relocated to Mumbai to pursue his higher education, he also completed the Chartered Accountant curriculum.
After completing his chartered accounting studies in Mumbai, Agrawal started his career as a sub-broker in 1987. He had become a stockbroker by 1990 and had begun to manage his own stock market interests. Today, he is counted among the top 10 intraday traders in India.
Motilal Oswal Financial Services Ltd. (MOFSL), a brokerage company, was established in 1987 by Motilal Oswal and Raamdeo Agrawal.
The company began operating in investment banking in 2005. It introduced a private equity fund in 2006.
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4. Vijay Kedia
One of the best traders in India, Dr. Vijay Kishanlal Kedia is located in Mumbai, and his company, Kedia Securities Pvt. Ltd., is the second-largest stakeholder (after the promoter) in a number of publicly traded firms. Kedia gave a keynote address at IIM Bangalore and Ahmedabad.
Additionally, he has spoken at the Bombay Stock Exchange. In addition, he has talked at TEDx Amritsar. He received a speaking invitation from London Business School. He has been referred to as a “market master” by the Economic Times. 2016 saw the awarding of a doctorate to Vijay Kedia for excellence in the management field.
Vijay Kedia has a net worth of around Rs. 922.3 Cr. and publicly owns 12 stocks, according to corporate shareholdings disclosed for June 30, 2023.
The major stocks in his portfolio are:
|Stock Name||Amount of Stock Held||Holding Value|
|Innovators Façade Systems Ltd.||20,10,632||6.0 Cr|
|Affordable Robotic & Automation Ltd.||10,72,000||6.4 Cr|
|Lykis Ltd.||19,34,512||5.9 Cr|
|Repro India Ltd.||9,01,491||31.2 Cr|
|Tejas Network Ltd.||39,00,000||44.2 Cr|
|Everest Industries Ltd.||6,15,924||16.7 Cr|
|Vaibhav Global Ltd.||6,59,087||141.0 Cr|
|Sudarshan Chemical Industries Ltd.||11,00,000||51.6 Cr|
|Cheviot Company Ltd.||1,00,586||7.1 Cr|
|Neuland Lab||2,00,000||21.3 Cr|
|Atul Auto Ltd.||3,21,512||5.6 Cr|
|Ramco Systems Ltd.||4,25,000||19.6 Cr|
|Panasonic Energy India Company Ltd.||93,004||2.0 Cr|
|Cera Sanitaryware Ltd.||1,40,000||45.0 Cr|
5. Premji and Associates
There is no need to introduce Azim Premji, the founder and current chairman of Wipro Limited and unofficially referred to as the Czar of the Indian IT sector. Here is all you need to know about Azim Premji and the Premji and Associates Portfolio, including his status as one of the wealthiest Indians and his largest investment portfolio.
One of India’s well-known billionaires and best traders in India, Azim Premji has an estimated net worth of $27.2 billion. Azim Premji owns two publicly traded equities with a combined market value of Rs. 1,79,494.8 billion (as of March 2022).
|Stock name||Holding value (Rs. in cr.)||Holding share (in %) (as of June 2022)|
|Balrampur Chini Mills Ltd||95||120.00%|
|Tube Investments of India Ltd||749.5||150.00%|
Premji has shown an interest in investing in well-established companies, particularly those in the technology sector, as well as early-stage startups. Additionally, he founded and provided funding for a number of institutions devoted to research and education, such as the Azim Premji Foundation, which strives to improve educational standards in India.
6. Sunil Singhania
CFA Sunil Singhania started Abakkus AMC in 2018 and is considered among the top traders in India. His investing approach entails a highly-diversified portfolio, investments in both large and small businesses, as well as investments in businesses with a lot of promise. According to data provided by the exchanges, these are the shares that Sunil Singhania owns. His total net worth is Rs. 2,252.13 Cr.
His portfolio has a total of 26 stocks. He strongly favours diversity in his business. Jindal Stainless Ltd., Route Mobile Ltd., Mastek Ltd., Acrysil Ltd., Saregrama India Ltd., Polyplex Corporation Ltd., Paras Defence, and Space Technologies Ltd. are just a few of the top stocks in his portfolio.
His portfolio had an increase of around 260% from the prior year in terms of growth. In just five years, his portfolio’s overall increase has been 11004.55%.
He has developed some genuinely extraordinary diversification schemes, which modern stock investors may examine in further detail.
7. Anil Kumar Goel
Anil Kumar Goel has a net worth of 2,080.50 crore and is significantly involved in the textile, industrial, and sugar sectors. He is among the best traders in India.
The consistent manner in which Anil Kumar Goel approaches investing is widely recognised. His portfolio reflects his fondness for industrial equities and sugar businesses. He expanded his research into these sectors during this quarter, adding three new businesses to his portfolio while increasing his ownership of Uttam Sugar Mills Ltd. and Magadh Sugar & Energy Ltd.
The previous several years have seen a significant change in Anil Kumar Goel’s net wealth, particularly after the Covid shutdown. In June 2023, the portfolio would be worth Rs 1,973.56, up from its initial valuation of Rs 567.21 cr. in December 2015.
Due to his success with sugar stocks, Anil Kumar Goel is referred to as the “Sugar Baron” on Dalal Street. He stands himself as one of the top traders in India because to his keen eye for tiny and micro-scale businesses.
8. Mukul Agrawal
One of the top share market investors in Inda, Mukul Agrawal has a net worth of Rs. 3,824.4 crore. His portfolio features assets in more than 56 companies, and his net worth has been increasing recently.
He belongs to the Multi Commodity Exchange of India Ltd., the National Stock Exchange of India Ltd., and the Bombay Stock Exchange’s Derivatives Segment. He maintains two distinct portfolios for trading and investing.
His portfolio details are given below.
|Stock Name||Value (Rs. in cr).||No. of shares held|
|Dhabriya Polywood Ltd||26.52||113348800.00%|
|TAAL Enterprises Ltd||53.47||27793100.00%|
|InfoBeans Technologies Ltd||61.75||125000000.00%|
|Arman Financial Services Ltd||85.25||40000000.00%|
|Capacite Infraprojects Ltd||78.8||293800000.00%|
9. Porinju Veliyath
Porinju Veliyath, who lost his house and began working for barely Rs 1,000 per month, is now a very important figure in the stock market and is renowned for his skill at picking winners on multibagger stock bets. He is one of the top traders in India.
Today, Veliyath is the richest trader in India and has a luxurious home and expensive vehicles. Porinju, who is known for taking risky wagers, will have a net worth of Rs 120 crore in April 2023. This is a remarkable increase of more than 2000% in under 8 years. In December 2015, his portfolio only totaled Rs 5.87 crore, according to Trendlyne.com. Porinju is well-known on social media. On Twitter, the famous investor has more than 1.2 million followers.
The 60-year-old successful trader was born in 1962 to lower-middle-class parents in the Keralan hamlet of Thrissur, close to Kochi. His agricultural family experienced a financial problem when he was 16 years old. To pay off obligations, they were had to forfeit their house. He started working as a teenager after realizing that he needed to take charge.
Here is a view from his stock portfolio.
|Stock Name||Holding Value in Rs.||December 2022 Holding %|
|Orient Bell Ltd.||33.9 Cr||4.80%|
|Hindware Home Innovation Ltd.||25.7 Cr||1.10%|
|RPSG Ventures Ltd.||16.8 Cr||1.60%|
|Shalimar Paints Ltd.||15.3 Cr||1.60%|
|Aurum Proptech Ltd.||14.6 Cr||2.00%|
|Kaya Ltd.||7.8 Cr||2.40%|
|Duroply Industries Ltd.||6.6 Cr||7.00%|
|McDowell Holdings Ltd.||4.5 Cr||–|
|Taneja Aerospace & Aviation Ltd.||3.8 Cr||1.20%|
|Max India Ltd.||3.5 Cr||1.10%|
|Priti International Ltd.||2.1 Cr||1.30%|
|Kerala Ayurveda Ltd.||1.6 Cr||1.90%|
10. Ramesh Damani
Being one of the best traders in India, Ramesh Damani owned four equities as of the September-quarter financial results. Over Rs. 117.5 crore in net value resulted from these. As shown in the graph below, Ramesh Damani’s net worth trajectory is very erratic.
Damani gained notoriety when his stock predictions for Infosys and CMC turned into multi-baggers. Damani established his name by selecting inexpensive businesses to invest in and seeing them climb multifold over the long term. He is an avid supporter of the Warren Buffet method of investing and considered among the best traders in India. His life narrative, early adventure, and portfolio are filled with numerous examples that even younger investors may use as a manual.
His portfolio details are given below.
|Stock name||Holding value (Rs.)||June 2023 holdings in %||March 2023 holdings in %||December 2022 holdings in %|
|Goldiam International Ltd||22.6 cr.||1.60%||1.60%||1.60%|
|Panama Petrochem Ltd||18.7 cr.||1.30%||1.30%||1.30%|
|Vadivarhe Speciality Chemicals Ltd||84.7 lakh||1.50%||1.50%||1.50%|
|Garden Reach Shipbuilders & Engineers Ltd||75.3 cr.||1.10%||1.10%||1.1|
The life of Ramesh Damani is not your standard “rags to riches” tale. His father often made money from the financial markets, thus he hailed from a wealthy household. He travelled to the United States to pursue his MBA at California State University after finishing his undergraduate studies there. The father of Ramesh Damani asked him to come back and trade stocks with him. However, Junior Damani did not share his father’s enthusiasm for the markets.
There are different types of traders in India like algorithmic traders, day traders, swing traders, position traders, option traders, high-frequency traders, and others. If you want to become a successful trader in the Indian stock market, you can seek inspiration from these top 10 traders in India and get to know their investment tactics and strategies that make them stand out among various top share market investors in India. Whether you are looking for the richest trader in India or the top 10 intraday traders in India, the aforementioned information can help immensely.
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Qu.1 Who is the No 1 stock investor in India?
Ans. No doubt, the late Mr. Rakesh Jhunjhunwala is no.1 stock investor in India. He is largely known for its net worth and superior stock investment strategies make him stand out in the crowd.
Qu.2 How much stock investors earn in India?
Ans. According to a study, a majority of top share market investors in India can earn up to Rs. 1 lakh in month.
Qu.3 Who is the big bull of India?
Ans. Mr. Rakesh Jhunjhunwala is popularly known as the big bull of India.
Qu.4 What are the top 5 stocks to invest in India?
Ans. The top stocks that are considered worth investing are:
- Tata Consultancy Services,
- SBI Life,
- Larsen & Toubro,
- Reliance Industries Limited, and
- Axis Bank.
Qu.5 Who is the richest trader in India?
Ans. Radhakishan Damani is the richest trader in India with a portfolio worth of Rs. 202, 200 crorer as of now.
Qu.6 How many traders are successful in intraday trading?
Ans. According to a study, nearly 30% of the total no. of investors do big in intraday trading. The remaining 70% have been found to lose their momentum after the first year of investment.
Qu7. Who are the successful traders in India?
Ans. Some of the most successful traders in India are Rakesh Jhunjhunwala, Ramesh Damani, Radhakishan Damani, Raamdeo Agrawal, and others.