Madhusudan Kela Portfolio: Top Stocks and Holdings (2026)

Latest Madhusudan Kela Stock Portfolio and Holdings (2026)
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@tickertapetickertapeShowing 1 - 12 of 12 results
| NameStocks (12)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Choice International LtdCHOICEIN | Investment Banking & BrokerageInvestment Banking & Brokerage | 13,689.6213,689.62 | 614.90614.90 | 84.1484.14 | 0.070.07 | -22.94-22.94 | -23.70-23.70 | 22.4722.47 | 12.3812.38 | 18.6418.64 | 15.5715.57 | -- | 0.610.61 | 2.252.25 | |
| 2. | IndoStar Capital Finance LtdINDOSTAR | Consumer FinanceConsumer Finance | 3,104.753,104.75 | 199.10199.10 | 25.7625.76 | 3.593.59 | -15.64-15.64 | -22.66-22.66 | -31.89-31.89 | 0.850.85 | 3.513.51 | 1.241.24 | -- | 1.901.90 | 3.173.17 | |
| 3. | Rashi Peripherals LtdRPTECH | Technology HardwareTechnology Hardware | 2,244.542,244.54 | 342.35342.35 | 10.7910.79 | 0.510.51 | -5.24-5.24 | 6.556.55 | 18.9318.93 | 1.291.29 | 12.6312.63 | 19.9719.97 | 0.290.29 | 0.520.52 | 2.422.42 | |
| 4. | Sangam (India) LtdSANGAMIND | TextilesTextiles | 2,135.582,135.58 | 435.45435.45 | 67.1667.16 | 0.740.74 | -6.50-6.50 | 1.541.54 | 30.3030.30 | 2.122.12 | 3.193.19 | 7.737.73 | 0.470.47 | 1.131.13 | 3.523.52 | |
| 5. | Bombay Dyeing and Mfg Co LtdBOMDYEING | TextilesTextiles | 2,105.422,105.42 | 103.16103.16 | 4.304.30 | 1.201.20 | -11.15-11.15 | -43.31-43.31 | -23.03-23.03 | 0.900.90 | 23.3923.39 | 25.0925.09 | 1.181.18 | 0.000.00 | 2.932.93 | |
| 6. | Windsor Machines LtdWINDMACHIN | Industrial MachineryIndustrial Machinery | 1,953.171,953.17 | 230.05230.05 | 263.59263.59 | 3.443.44 | -5.33-5.33 | -22.79-22.79 | -22.20-22.20 | 2.662.66 | 1.461.46 | 3.473.47 | -- | 0.050.05 | 3.013.01 | |
| 7. | Unicommerce eSolutions LtdUNIECOM | Software ServicesSoftware Services | 1,020.961,020.96 | 91.6491.64 | 57.9457.94 | 0.870.87 | -18.48-18.48 | -38.81-38.81 | -23.87-23.87 | 14.5514.55 | 25.3425.34 | 28.3528.35 | -- | 0.110.11 | 3.213.21 | |
| 8. | Kopran LtdKOPRAN | PharmaceuticalsPharmaceuticals | 552.19552.19 | 118.22118.22 | 14.3214.32 | 3.383.38 | -11.78-11.78 | -31.68-31.68 | -34.36-34.36 | 1.071.07 | 7.647.64 | 11.0411.04 | 2.622.62 | 0.290.29 | 3.013.01 | |
| 9. | Repro India LtdREPRO | StationeryStationery | 517.22517.22 | 366.10366.10 | -251.08-251.08 | 1.541.54 | -14.04-14.04 | -18.26-18.26 | -14.91-14.91 | 1.351.35 | -0.54-0.54 | 1.621.62 | -- | 0.260.26 | 3.833.83 | |
| 10. | IRIS RegTech Solutions LtdIRIS | IT Services & ConsultingIT Services & Consulting | 479.16479.16 | 226.57226.57 | 36.8036.80 | -2.74-2.74 | -14.57-14.57 | -30.30-30.30 | -43.86-43.86 | 6.306.30 | 22.2122.21 | 23.2223.22 | -- | 0.060.06 | 3.233.23 | |
| 11. | Niyogin Fintech LtdNIYOGIN | Diversified FinancialsDiversified Financials | 397.15397.15 | 36.8936.89 | -24.99-24.99 | 3.333.33 | -18.40-18.40 | -42.32-42.32 | -17.49-17.49 | 1.211.21 | -5.15-5.15 | -5.29-5.29 | -- | 0.290.29 | 3.953.95 | |
| 12. | Mkventures Capital LtdMKVENTURES | Specialized FinanceSpecialized Finance | 308.44308.44 | 838.85838.85 | 32.5032.50 | 4.534.53 | -13.20-13.20 | -41.73-41.73 | -43.11-43.11 | 3.003.00 | 9.659.65 | 12.7612.76 | 0.160.16 | 0.000.00 | 2.712.71 |
Selection criteria:The table contains publicly disclosed Madhusudan Kela investment portfolio as on 30th January 2026. Stocks are sorted by market capitalisation, highest to lowest.
Madhusudan Kela Bulk and Block Deals in 2026
Bulk and block deals provide transparency and explain why stock volumes have increased or decreased. The disclosure of bulk and block sales can help evaluate which sectors are gaining traction and losing interest to buyers. It also directs individual investors’ future investment decisions. Here's how you can find the latest bulk and block deals by Madhusudan Kela -
- Launch Market Movers
- Under 'Party', type 'Madhusudan Kela'
- Select the 'Category' and 'Transaction Type'
You'll see the latest bulk and block deals by Madhusudan Kela. Moreover, you can also set the date range and view the previous bulk and block deals.
Top Stocks Holdings in Madhusudan Kela Portfolio (2026)
Choice International Ltd
Choice International is his largest holding and forms a major share of his portfolio. The company works across financial services such as advisory, broking, investment banking, and wealth management. Its growth in recent years and strong presence in financial distribution make it one of its most important bets.
Nazara Technologies Ltd
Nazara is a gaming and digital entertainment company with operations in e-sports, mobile gaming, and interactive learning. By holding this stock, Kela shows his interest in India’s growing digital consumption story and long-term potential in online gaming.
Sangam (India) Ltd
Sangam (India) is a well-known textile and yarn manufacturer. The company operates across apparel fabrics, denim, and technical textiles. This holding reflects his comfort with traditional sectors where steady demand and strong market positioning offer long-term value.
Windsor Machines Ltd
Windsor Machines manufactures plastic processing equipment used in packaging, automotive components, and infrastructure. This investment gives him exposure to industrial activity and manufacturing demand, which tend to grow with broader economic expansion.
Mkventures Capital Ltd
MKVentures is his own investment and financing company, where he holds a large promoter-level stake. It focuses on identifying opportunities across finance, technology, and niche sectors. This holding shows his long-term involvement in building businesses and managing capital through his own platform.
Madhusudan Kela’s Net Worth in 2026
Madhusudan Kela’s net worth comes mainly from his publicly disclosed equity holdings. Based on the latest available data, his total portfolio value stands at ₹2,219.25 cr.. This figure reflects the market value of the 12 stocks he owns. Since his portfolio contains several mid-cap and small-cap companies, the overall value changes with market movements, and his net worth updates accordingly.
Who is Madhusudan Kela?
Madhusudan Kela, began his career in the early 1990s and worked across well-known firms such as CIFCO, Sharekhan, Motilal Oswal, and UBS before moving into fund management. His major breakthrough came in 2001 when he joined Reliance Mutual Fund, where he played a key role in scaling its equity business and earned industry-wide respect for his investment calls.
Madhusudan Kela grew up in Mumbai and studied an MBA in Finance at Mumbai University. During his studies, he built strong analytical skills and developed a deep interest in the stock market. After graduating, he entered equity research in the early 1990s and started working with firms like CIFCO, Sharekhan, Motilal Oswal, and UBS. These early roles helped him understand how companies grow, how markets react, and why management quality matters.
His big career break came in 2001 when he joined Reliance Mutual Fund. Under his leadership, the fund’s equity business grew sharply. He became known for spotting strong companies early and taking clear, well-researched calls even during uncertain market phases. His success at Reliance made him one of the most respected names in the Indian investing community.
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List of Stocks in Madhusudan Kela’s Portfolio (2026)
The table below shows Madhusudan Kela’s publicly disclosed holdings for 2026, along with his December 2024 and December 2025 shareholding data (where available) and the latest holding value.
| Stock Name | Holding Value (In cr.) | Shares Held | Dec 2025 Change (%) | Dec 2025 Holding (%) | Sep 2025 Holding (%) |
|---|---|---|---|---|---|
| IRIS RegTech Solutions Ltd | 33.1 | 1,072,000 | 0 | 5.2 | 5.2 |
| Rashi Peripherals Ltd | 57.7 | 1,607,717 | 0 | 2.4 | 2.4 |
| Choice International Ltd | 1,229.10 | 16,054,833 | -1.7 | 7.2 | 8.9 |
| IndoStar Capital Finance Ltd | 70 | 3,379,834 | -0.4 | 2.1 | 2.5 |
| Sangam (India) Ltd | 111 | 2,440,699 | 0 | 4.9 | 4.9 |
| Bombay Dyeing and Mfg Co Ltd | 37.8 | 3,275,739 | -0.1 | 1.6 | 1.7 |
| Mkventures Capital Ltd | 278.5 | 2,858,027 | 0 | 74.4 | 74.4 |
| Prataap Snacks Ltd | 123.1 | 1,100,000 | 0 | 4.6 | 4.6 |
| Windsor Machines Ltd | 171.6 | 6,515,506 | -0.2 | 7.5 | 7.7 |
| SG Finserve Ltd | 31.8 | 951,773 | 0 | 1.7 | 1.7 |
| Niyogin Fintech Ltd | 21.5 | 5,020,000 | 0 | 4.5 | 4.5 |
| Unicommerce eSolutions Ltd | 19.1 | 1,834,301 | 0 | 1.6 | 1.7 |
| Repro India Ltd | 18.7 | 475,000 | 0 | 3.3 | 3.3 |
| Kopran Ltd | 9 | 704,593 | 0 | 1.5 | 1.5 |
| Emkay Global Financial Services Ltd | 7.2 | 289,243 | New | 1.1 | - |
Madhusudan Kela: Sector Allocation
Financial Services
Industrial & Manufacturing
Technology & Digital Platforms
Consumer & FMCG
Pharmaceuticals & Healthcare
Madhusudan Kela Investment Strategy
Focus on Value and Fundamentals
Preference for Mid-Cap and Small-Cap Companies
Sector Cycles and Macroeconomic Awareness
Strong Emphasis on Management Quality
Willingness to Take Contrarian Positions
Active Portfolio Adjustments
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Watchlist stocks and mutual funds to stay updated

Conclusion
Madhusudan Kela’s portfolio shows how he studies businesses, tracks sector trends, and invests with a long-term view. His mix of financial services, industrial companies, digital platforms, manufacturing firms, and consumer businesses gives a clear picture of how he invests across both traditional and new-age sectors.
However, every investor has different goals, time horizons, and risk levels, so it’s important to base decisions on personal research rather than copying any investor’s portfolio. To study any of these stocks in detail, you can use the Tickertape Stock Screener, which offers 200+ filters to help you analyse companies based on financials, valuation, ownership, and more.
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FAQs about Madhusudan Kela and His Portfolio
Who is Madhusudan Kela?
Madhusudan Kela is a leading Indian investor known for his three-decade-long career in equity research, fund management, and long-term investing. He became widely recognised for his work at Reliance Mutual Fund, where he played a major role in scaling the fund’s equity AUM. Today, he runs his own investment firm, MK Ventures.What is the the net worth of Madhusudan Kela in 2026?
Madhusudan Kela net worth in 2026 is Rs. 2,219.25 cr.What does the Madhusudan Kela Portfolio include?
The Madhusudan Kela Portfolio includes 16 disclosed stocks (13 active), spread across financial services, industrial manufacturing, textiles, gaming, technology, IT distribution, and healthcare. Companies like Choice International, MKVentures Capital, Windsor Machines, Nazara Technologies, and Sangam (India) account for a major share of his portfolio value.What is Madhu Kela’s latest buy?
The Madhu Kela latest buy is Prataap Snacks Ltd., which appeared as a new entrant in the September 2025 quarter with a 4.6% stake. This was the most recent publicly disclosed addition to his holdings.What are the key Madhusudan Kela investments?
Some of the major Madhusudan Kela investments include Choice International (financial services), MKVentures Capital (investment and financing), Windsor Machines (industrial equipment), and Sangam (India) (textiles). Together, these holdings form the core of his portfolio.Which stocks does Madhusudan Kela hold right now?
The Madhusudan Kela stocks currently include a mix of financial companies, manufacturing firms, digital platforms, and niche businesses. Examples are IRIS RegTech Solutions, Niyogin Fintech, Rashi Peripherals, Repro India, Unicommerce eSolutions, Kopran, and Windsor Machines.Does Madhu Kela run a mutual fund today?
There is no public Madhu Kela mutual fund at present. Instead, he manages his investments through his family office and MK Ventures, focusing on listed equities and long-term business opportunities.Where can I see Madhusudan Kela’s latest shareholdings?
You can view Madhusudan Kela holdings through quarterly shareholding disclosures of companies where his stake crosses the reporting threshold. These filings list his updated positions and the value of each holding.How can I track Madhusudan Kela’s stocks portfolio?
Investors can track Madhusudan Kela stocks portfolio through public filings and platforms like Tickertape Market Movers. These sources show the companies he owns, the percentage held, and the updated market value of each stock.What insights can we get from Madhusudan Kela’s share holdings?
Madhusudan Kela share holdings highlight his interest in financial services, industrial manufacturing, digital platforms, and consumer businesses. The presence of both traditional and tech-driven companies shows how he invests across different parts of the Indian economy.