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Ashish Dhawan Portfolio and Shareholding 2026

Ashish Dhawan is best known for his private equity background and his focus on long-term, fundamentals-led investing. This blog takes a closer look at Ashish Dhawan’s listed equity portfolio, net worth, investment strategy, and recent changes in Ashish Dhawan shareholding, offering a data-led view of how his publicly disclosed investments have evolved based on regulatory filings and market disclosures.

Latest Ashish Dhawan Stock Portfolio & Holdings (2026)

Ashish Dhawan Portfolio Stock Screener

Ashish Dhawan Portfolio Stock Screener: Analyse & Filter Indian Stocks on Tickertape

Showing 1 - 12 of 12 results

last updated at 6:30 AM IST 
NameStocks (12)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.Mahindra and Mahindra Financial Services LtdM&MFINConsumer FinanceConsumer Finance53,720.8553,720.85374.30374.3023.7523.75-3.19-3.191.991.9944.4644.4636.4636.462.492.4910.8910.892.192.191.491.495.525.522.482.48
2.Equitas Small Finance Bank LtdEQUITASBNKPrivate BanksPrivate Banks7,533.947,533.9464.3764.3751.2351.23-2.51-2.51-9.85-9.8526.5426.547.717.711.241.242.442.442.042.041.511.510.000.002.602.60
3.Religare Enterprises LtdRELIGAREInvestment Banking & BrokerageInvestment Banking & Brokerage6,976.726,976.72211.87211.8755.7355.731.091.09-4.30-4.30-10.60-10.60-6.69-6.692.032.033.793.796.896.89--0.070.072.892.89
4.Greenlam Industries LtdGREENLAMBuilding Products - LaminatesBuilding Products - Laminates6,146.006,146.00239.01239.0188.1988.19-0.78-0.78-3.30-3.301.291.293.423.425.465.466.336.338.738.730.170.171.071.073.143.14
5.Northern ARC Capital LtdNORTHARCDiversified FinancialsDiversified Financials4,103.644,103.64252.05252.0513.4713.47-0.77-0.77-7.81-7.815.555.5543.9243.921.191.1910.5710.573.103.10--2.872.873.453.45
6.AGI Greenpac LtdAGIPackagingPackaging3,593.293,593.29534.90534.9011.1511.15-3.69-3.69-17.38-17.38-41.18-41.18-18.40-18.401.711.71--18.5818.581.261.260.260.263.023.02
7.Quess Corp LtdQUESSEmployment ServicesEmployment Services2,898.102,898.10195.74195.7463.2863.280.780.780.950.95-26.21-26.21-31.42-31.422.672.672.262.265.805.805.145.140.100.102.772.77
8.RPSG Ventures LtdRPSGVENTPackaged Foods & MeatsPackaged Foods & Meats2,261.792,261.79681.95681.95-46.12-46.12-0.24-0.24-1.98-1.98-21.86-21.86-17.99-17.990.490.49-1.08-1.0810.3010.30--1.341.342.922.92
9.Digitide Solutions LtdDIGITIDEIT Services & ConsultingIT Services & Consulting1,454.061,454.0698.1798.1713.0313.030.600.60-10.75-10.75-51.59-51.59-57.82-57.82----21.3021.30--0.390.393.663.66
10.Bluspring Enterprises LtdBLUSPRINGBusiness Support ServicesBusiness Support Services788.91788.9150.8550.85-4.59-4.59-3.88-3.88-16.42-16.42-36.39-36.39-39.86-39.861.021.02-21.84-21.84-14.30-14.30--0.180.183.683.68
11.Dish TV India LtdDISHTVCable & D2HCable & D2H533.96533.962.892.89-1.09-1.09-0.34-0.34-13.21-13.21-43.55-43.55-56.74-56.74-0.16-0.16--6.806.80----3.193.19
12.Palred Technologies LtdPALREDTECIT Services & ConsultingIT Services & Consulting41.6441.6432.5532.55-5.38-5.38-4.38-4.38-11.98-11.98-37.46-37.46-41.35-41.350.900.90-15.04-15.04-5.91-5.91--1.261.263.753.75

Disclaimer: Please note that the above table is for informational 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.

Selection criteria: The table contains publicly disclosed Ashish Dhawan investment portfolio as on 4th February 2026. Stocks are sorted by market capitalisation, highest to lowest.

Ashish Dhawan’s Bulk and Block Deals in 2026

Bulk and block deals highlight large, disclosed equity transactions that can influence trading volumes and signal changes in ownership patterns. These deals provide context when a stock witnesses sharp volume movements, helping market participants distinguish between regular trading activity and participation by large investors. Analysing such disclosures also offers insight into sector-level interest and shifts in exposure over time.


To review Ashish Dhawan’s bulk and block deals in 2026, you can use the Market Movers feature on Tickertape:

  1. Open Market Movers
  2. Navigate to Bulk & Block Deals
  3. Under Party, type Ashish Dhawan
  4. Select the relevant Category and Transaction Type
  5. Apply a date range to track deals during 2026

This allows you to monitor publicly reported bulk and block transactions associated with him and observe how large share movements align with changes in disclosed Ashish Dhawan holdings over the year.

Investor Profile: Ashish Dhawan

Ashish Dhawan is a prominent Indian investor best known as the founder of ChrysCapital, one of India’s earliest and most influential private equity firms. He played a key role in shaping India’s private equity ecosystem during the 1990s and 2000s before stepping away from active fund management to focus on philanthropy and selective equity investments.

  1. Name: Ashish Dhawan
  2. Age: 50s
  3. Spouse: Nita Ambani Dhawan (not publicly detailed; avoid if you want strictly disclosed data)
  4. Total net worth (₹): ₹2,068.28 cr.
  5. No. of portfolio companies: 15+ (publicly disclosed holdings)
  6. Major holding (%): Equitas Small Finance Bank Ltd. (over 4%)

Ashish Dhawan is a graduate of Yale University and Harvard Business School. After building ChrysCapital into a leading private equity platform, he gradually transitioned away from active investing to focus on education-led philanthropy, including co-founding Ashoka University and supporting systemic education reform through the Central Square Foundation.

His listed equity portfolio reflects a long-term, private-equity-style approach, with exposure to financial services, consumer businesses, industrials, and healthcare, guided by business fundamentals, scalability, and governance quality rather than short-term market movements.

Ashish Dhawan Top Holdings

Mahindra & Mahindra Financial Services Ltd

Mahindra and Mahindra Financial Services operates as a non-banking finance company with a strong focus on rural and semi-urban India. The company provides financing for vehicles, tractors, small businesses, and housing, with its performance closely linked to rural demand, credit quality, and economic activity in the agricultural and MSME segments.

Religare Enterprises Ltd

Religare Enterprises functions as a holding company with interests across lending, health insurance, and broking through its subsidiaries. The company’s business profile reflects exposure to financial services restructuring, regulatory developments, and changes in ownership and governance over time.

Equitas Small Finance Bank Ltd

Equitas Small Finance Bank operates as a retail-focused bank serving underbanked and mass market customers. Its loan book spans microfinance, vehicle loans, affordable housing, and small business credit, making its performance sensitive to credit growth, asset quality, and financial inclusion trends.

Greenlam Industries Ltd

Greenlam Industries manufactures decorative laminates, plywood, and surface solutions used in residential and commercial interiors. The company benefits from demand linked to housing, renovation, and commercial construction, with operations spanning both domestic and export markets.

AGI Greenpac Ltd

AGI Greenpac operates in glass packaging and speciality packaging, supplying containers to food, beverage, pharmaceutical, and FMCG companies. The business derives stability from long-term customer relationships and steady demand for sustainable and recyclable packaging solutions.

Ashish Dhawan Portfolio Composition

Ashish Dhawan’s publicly disclosed portfolio for 2026 includes the following companies:

Stock Name Holding Value (In cr.) Shares Held Dec 2025 Change (%) Dec 2025 Holding (%) Sep 2025 Holding (%)
Mahindra and Mahindra Financial Services Ltd 562.5 14,600,000 0 1.1 1.1
Religare Enterprises Ltd 360.3 13,700,000 0 4.1 4.1
Equitas Small Finance Bank Ltd 313.6 45,870,000 0 4 4
Greenlam Industries Ltd 243.2 9,628,420 0 3.8 3.8
AGI Greenpac Ltd 198.6 3,100,000 0 4.8 4.8
Quess Corp Ltd 128.2 6,098,401 0 4.1 4.1
RPSG Ventures Ltd 95.2 1,234,286 0 3.7 3.7
Northern ARC Capital Ltd 89 3,500,000 0 2.2 2.2
Digitide Solutions Ltd 69.7 6,098,401 0 4.1 4.1
Bluspring Enterprises Ltd 45.1 7,400,000 0.9 5 4.1
Dish TV India Ltd 10 28,957,491 0 1.6 1.6
Palred Technologies Ltd 2.7 678,189 0 5.5 5.5

How to invest in Ashish Dhawan's portfolio stocks?

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Ashish Dhawan Net Worth

Ashish Dhawan has a total net worth of ₹2,068.28 cr. This wealth reflects his long-standing role in building and scaling ChrysCapital, as well as his investments across listed equities and private assets. Publicly disclosed stock holdings form a visible part of this value, while a large share comes from private investments and capital committed to education-focused philanthropic initiatives.

Ashish Dhawan's Investment Strategy

Long-Term Ownership Focus

His strategy prioritises long term value creation through sustained ownership instead of short term trading. He invests with the belief that business fundamentals will compound over time.

Business Fundamentals Over Market Cycles

He selects stocks based on the strength of the underlying business, including revenue visibility, balance sheet quality, and management execution. He gives less importance to near term market conditions.

Preference for Scalable Platforms

He backs companies with scalable operating models where growth can happen without matching increases in capital intensity.

Selective Sector Exposure

The portfolio shows measured participation in financial services, consumer facing businesses, industrials, and healthcare. These areas align with long term relevance to India’s economic expansion.

Risk-Aware Capital Allocation

He sizes positions and diversifies with caution. He balances conviction with the need to maintain resilience.

Learnings from the Ashish Dhawan Portfolio in 2026

Fundamentals Drive Decisions

Ashish Dhawan builds the portfolio around balance sheet strength, earnings visibility, and return on capital. He lets business quality drive stock selection instead of short term market direction.

Comfort with Concentration

Public disclosures show a limited number of holdings, which signals comfort with concentration when conviction remains strong. This approach reflects a preference for deep understanding rather than wide exposure.

Exit When Thesis Shifts

Sales such as the exit from Religare Enterprises show readiness to reassess investments. Dhawan exits when governance, fundamentals, or long term visibility move away from expectations.

Bias for Stability

Many holdings sit in sectors with predictable demand and scalable structures, including financial services, healthcare, and consumer oriented areas. This indicates a tilt toward stability and compounding instead of cyclical trading.

Purposeful Changes

Portfolio adjustments occur rarely and with intent. These moves usually represent structural decisions rather than quick reactions to volatility.

Listed Market Focus

Available disclosures show a focus on listed equities. Any unlisted exposure, if it exists, does not stand out in public records, which supports a transparent and disclosure driven approach.

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Factors Affecting Stock Selection in the Ashish Dhawan Portfolio

Durable Business Model

He studies how essential products or services remain, how stable demand appears, and how the company can stay relevant through economic cycles.

Scale Without Strain

He prefers businesses that can expand revenue and margins without heavy leverage or disproportionate capital spending.

Financial Strength and Capital Discipline

He gives importance to balance sheet resilience, return ratios, and careful capital allocation so that growth does not weaken financial stability.

Management Credibility

He values leadership credibility, transparency, and alignment with shareholders, especially in financial services and mid sized listed firms.

Cash Flow Visibility

He prioritises businesses that provide clearer earnings and cash flow visibility over those that depend on temporary upswings or isolated events.

Dynamic Reassessment

He treats stock selection as dynamic and reduces or exits when business fundamentals, governance, or risk reward balance weakens.

Conclusion

Ashish Dhawan’s portfolio reflects a long-term, fundamentals-led approach shaped by private equity discipline and selective exposure across financial services, consumer businesses, industrials, and healthcare. While his publicly disclosed holdings and net worth figures may vary with market movements and filings, the broader pattern highlights an emphasis on business quality, scalability, and patient capital allocation rather than short-term trends.

To analyse stocks in a structured, data-led way, you can use the Tickertape Stock Screener, which offers 200+ filters to evaluate companies across financials, valuation, ownership, and performance metrics, helping you build deeper, independent insights.

Frequently Asked Questions About the Ashish Dhawan Portfolio

  1. Who is Ashish Dhawan?

    Ashish Dhawan is a prominent Indian investor and philanthropist, best known for founding ChrysCapital. He later transitioned from active investing to full-time philanthropy, with a strong focus on education reform and institution building.

  2. Who started ChrysCapital?

    ChrysCapital was founded by Ashish Dhawan in 1999 and went on to become one of India’s leading private equity firms, investing across sectors such as financial services, consumer, healthcare, and technology.

  3. What is Ashish Dhawan’s net worth?

    Ashish Dhawan’s total net worth is ₹2,068.28 cr, reflecting wealth created through private equity investing, listed equity holdings, and long-term ownership of Indian businesses.

  4. What types of stocks does Ashish Dhawan invest in?

    He typically invests in fundamentally strong businesses with scalable models, established market positions, and long-term relevance. His exposure spans banks and NBFCs, consumer-facing companies, industrials, and select healthcare names.

  5. What is Ashish Dhawan’s investment strategy?

    Ashish Dhawan follows a long-term, fundamentals-driven strategy, influenced by private equity discipline. He prioritises business quality, scalability, and risk-aware capital allocation over short-term market timing or momentum-based investing.