Investor Thesis Match
20 well-known Indian investors. Their publicly documented thesis.
The investment philosophy of 20 well-known Indian public-market investors, drawn from published interviews, books and business media — free to read in full. Each profile also has a paid screen: which currently-listed stocks structurally resemble that thesis today, run against the same ROCE/ROE/debt/promoter-holding dataset as the public /screener.
Independent research based on public filings and published interviews. None of the individuals profiled here are affiliated with, endorse, or use AletheiaAI. The “matching stocks” screen is a structural-resemblance filter on documented style criteria — never a claim about any investor’s actual current holdings, which are only knowable via their own Tier 1 shareholding-pattern disclosures where publicly filed. Not investment advice.
Rakesh Jhunjhunwala
Late investor widely covered in Indian financial media as the 'Big Bull of Dalal Street', known for large, long-held, concentrated positions disclosed in exchange shareholding filings.
Screen: ROCE ≥ 18%, revenue growth ≥ 10%, promoter pledge ≤ 5%, D/E ≤ 1.0
Radhakishan Damani
Founder of Avenue Supermarts (DMart); publicly known for an austere, deep-value investing style that predates and continues alongside his retail career.
Screen: P/E ≤ 25, D/E ≤ 0.3, ROCE ≥ 15%, promoter holding ≥ 40%
Vijay Kedia
Mumbai-based investor known for concentrated small- and mid-cap positions, several disclosed in NSE/BSE shareholding-pattern filings.
Screen: Revenue growth ≥ 15%, ROE ≥ 15%, D/E ≤ 1.0, market cap ≤ ₹1,50,000 Cr
Porinju Veliyath
Kochi-based portfolio manager widely covered for contrarian small-cap and turnaround investing.
Screen: P/E ≤ 15, promoter pledge ≤ 10%, ROCE ≥ 10%, market cap ≤ ₹1,00,000 Cr
Ramesh Damani
Veteran BSE member and long-time market commentator known for a buy-and-hold approach to dominant franchises.
Screen: ROCE ≥ 20%, revenue growth ≥ 10%, D/E ≤ 0.5
Ashish Kacholia
One of India's most closely tracked small-cap investors in financial media (sometimes called the 'Big Whale'), with numerous SEBI-disclosed holdings.
Screen: Revenue growth ≥ 20%, ROE ≥ 15%, market cap ≤ ₹1,50,000 Cr
Dolly Khanna
Chennai-based investor widely tracked by retail investors and financial media for concentrated positions in smaller, often-overlooked companies.
Screen: P/E ≤ 15, D/E ≤ 1.0, market cap ≤ ₹60,000 Cr
Basant Maheshwari
Author and portfolio manager who popularised a 'quality growth at reasonable cost-of-capital' framework in Indian financial media.
Screen: ROE ≥ 20%, D/E ≤ 0.3, revenue growth ≥ 10%
Sunil Singhania
Founder of Abakkus Asset Management; earlier headed equities at Reliance Mutual Fund; publicly associated with a growth-at-reasonable-price (GARP) approach.
Screen: ROCE ≥ 18%, FCF yield ≥ 1.5%, OCF/PAT ≥ 1.0
Nemish Shah
Co-founder of Enam Securities/Enam Holdings; widely cited in Indian financial media as an early influence on long-term compounding-style investing.
Screen: ROCE ≥ 20%, promoter holding ≥ 50%, D/E ≤ 0.3
Prof. Sanjay Bakshi
Adjunct professor and portfolio manager known for teaching behavioural-finance and value-investing frameworks at Indian business schools.
Screen: ROCE ≥ 25%, promoter pledge = 0%, P/E ≤ 35
Raamdeo Agrawal
Co-founder of Motilal Oswal Financial Services; publicly credited with popularising the QGLP (Quality, Growth, Longevity, Price) framework in India.
Screen: ROE ≥ 18%, revenue growth ≥ 12%, P/E ≤ 40, D/E ≤ 0.5
Samir Arora
Founder and fund manager at Helios Capital; earlier a prominent voice at Alliance Capital; frequent media commentator on Indian equities.
Screen: Revenue growth ≥ 15%, ROE ≥ 15%, P/E ≤ 60
Shankar Sharma
Co-founder of First Global; long-time television commentator known for a macro-aware, sometimes contrarian view on Indian equities.
Screen: Revenue growth ≥ 12%, D/E ≤ 1.0, P/E ≤ 50
Madhusudan Kela
Veteran fund manager and strategist, formerly with Reliance Capital, publicly known for macro-thematic and sector-rotation calls.
Screen: Revenue growth ≥ 15%, ROE ≥ 15%, D/E ≤ 1.5
Kenneth Andrade
Founder of Old Bridge Mutual Fund / Old Bridge Capital Management; previously CIO at IDFC Mutual Fund; publicly associated with a governance-and-valuation-discipline approach.
Screen: FCF yield ≥ 2.0%, D/E ≤ 0.3, promoter pledge = 0%
Manish Chokhani
Former CEO of Axis Capital and Enam Securities; long-time market commentator known for a value-growth blended, long-only approach.
Screen: ROCE ≥ 18%, D/E ≤ 0.5, revenue growth ≥ 8%
Parag Parikh
Late founder of PPFAS Mutual Fund and author of 'Value Investing and Behavioral Finance'; his published framework continues to publicly guide PPFAS's investing style.
Screen: Promoter pledge = 0%, D/E ≤ 0.3, ROCE ≥ 15%, P/E ≤ 35
Mohnish Pabrai
India-born, US-based fund manager (Pabrai Investment Funds); publicly known for a Buffett/Munger-inspired 'Dhandho' (low-risk, high-uncertainty) investing framework, and for publicly discussing Indian equities alongside global holdings.
Screen: P/E ≤ 15, D/E ≤ 0.3, promoter pledge = 0%
Chandrakant Sampat
Late Mumbai-based investor widely cited by later generations of Indian value investors as an early mentor on return-on-capital-driven compounding.
Screen: ROCE ≥ 25%, D/E ≤ 0.1, promoter holding ≥ 50%