Madhusudan Kela Portfolio: Top Holdings & Investment

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.

Overview of Madhusudan Kela’s Major Holdings

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

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 ₹2,458.17 cr.. This figure reflects the market value of the 16 stocks he owns, out of which 13 are currently active. Since his portfolio contains several mid-cap and small-cap companies, the overall value changes with market movements, and his net worth updates accordingly.

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.