Top 10 Big Sharks of the Indian Stock Market

India’s stock market continues to be driven by a select group of legendary investors—often called “big sharks.” Their investment decisions and portfolio shifts frequently determine broader market sentiment. As of October 2025, these investors hold significant influence over mid-cap and large-cap stocks, while their September 2025 activity revealed strong conviction in industrial, technology, and consumer sectors.

This article explores the top 10 influential investors in India, their major holdings, recent portfolio actions, and how their strategies could shape October 2025 market trends.

Top 10 Influential Investors in October 2025

1. Ashish Kacholia

• Major Holdings: Over 50 companies, including a strong position in Jain Resource Recycling. His investment of ₹50 crore in March 2025 surged to ₹130 crore by October 2025, yielding a 156 percent gain.
  
• Recent Activity: Kacholia’s firm, Bengal Finance & Investment Pvt Ltd, emerged as a top shareholder in Jain Resource Recycling before its IPO.
  
• Market Impact: A known “small-cap wizard,” his portfolio choices often ignite rallies in mid-tier companies favored by retail investors.

2. Rakesh Jhunjhunwala & Associates

• Major Holdings: 26 stocks valued above ₹61,800 crore. Key positions include Titan Company, Star Health Insurance, and Kalyan Jewellers.
  
• Recent Activity: Axis Securities’ October 2025 review showed several of his stocks offering up to 32 percent potential upside.
  
• Market Impact: Jhunjhunwala’s investment philosophy emphasizes high-growth, quality companies—his portfolio continues to guide long-term investor sentiment.

3. Mukesh Ambani

• Major Holdings: Reliance Industries Ltd, spanning telecom, retail, green energy, and petrochemicals.
  
• Recent Activity: In September 2025, Reliance raised ₹21,000 crore through asset-backed securities, marking one of India’s largest corporate funding deals of the year.
  
• Market Impact: Ambani’s diversification moves continue to shape India’s energy and infrastructure outlook while boosting investor confidence in Reliance Industries’ growth trajectory.

4. Vijay Kedia

• Major Holdings: 14 companies worth over ₹1,300 crore, including Tejas Networks and Cera Sanitaryware.
  
• Recent Activity: In October 2025, Kedia acquired an ₹11 crore stake in Eimco Elecon, betting on India’s industrial revival and capital goods growth.
  
• Market Impact: Known for contrarian investing, Kedia’s focus on undervalued sectors often identifies early-stage multibaggers.

5. Dolly Khanna

• Major Holdings: 17 stocks, net worth exceeding ₹530 crore, with exposure to manufacturing, sugar, and textile companies.
  
• Recent Activity: Her portfolio witnessed corrections in select sugar and chemical stocks through 2025, reflecting her tactical sector rotation.
  
• Market Impact: Khanna’s quiet yet focused investing style makes her one of the most tracked retail icons in India’s mid-cap space.

6. Porinju Veliyath

• Major Holdings: 11 stocks totaling more than ₹210 crore, such as Orient Bell Ltd and RPSG Ventures.
  
• Recent Activity: Continued accumulation of undervalued industrial and value stocks through September 2025.
  
• Market Impact: A value-focused investor, Veliyath’s contrarian bets often highlight neglected sectors that later deliver strong upcycles.

7. Anupam Mittal

• Major Holdings: Over 200 startup and early-stage investments across consumer, retail, fintech, and SaaS sectors.
  
• Recent Activity: Expanded investments in wellness and food-tech startups in 2025, including FitFeast, as part of India’s growing health consumption theme.
  
• Market Impact: A prominent angel investor, Mittal’s portfolio mirrors India’s startup evolution and digital growth wave.

8. Radhika Gupta

• Major Holdings: As CEO of Edelweiss Asset Management, she oversees multi-billion-rupee mutual fund portfolios across equities and debt.
  
• Recent Activity: Focused on expanding equity SIP penetration and promoting long-term wealth creation through disciplined fund investing in October 2025.
  
• Market Impact: A thought leader in India’s asset management space, she influences retail investment behavior nationwide.

9. Nithin Kamath

• Major Holdings: Co-founder and majority stakeholder in Zerodha, India’s largest retail trading platform.
  
• Recent Activity: Advocated for the financialization of India’s $3 trillion worth of idle household gold, highlighting untapped capital potential.
  
• Market Impact: Kamath’s fintech innovations have democratized investing, enabling millions of Indians to participate in equity markets.

10. Saurabh Mukherjea

• Major Holdings: Founder of Marcellus Investment Managers, focusing on high-quality compounders such as Asian Paints and HDFC Bank.
  
• Recent Activity: Continued emphasis on companies demonstrating superior governance, cash-flow consistency, and pricing power.
  
• Market Impact: A proponent of “quality investing,” Mukherjea influences portfolio construction across institutional and retail segments alike.

Key Market Movements – September 2025

1. Fuel Demand Fluctuations
   India’s fuel demand fell 0.5 percent in September 2025 to 18.63 million metric tons, the lowest in a year, though still 7 percent higher than September 2024. This pointed to short-term economic softness but long-term resilience in consumption.
   
2. Tata Capital IPO
   The Tata Capital IPO—India’s largest of the year—was fully subscribed by institutional and retail investors, reflecting bullish sentiment for financial services. The listing, scheduled for mid-October 2025, is expected to set benchmarks for upcoming big-ticket IPOs.
   
3. Sectoral Trends
   September witnessed strong accumulation in technology, energy, and infrastructure sectors, aligning with the investment preferences of India’s top market sharks.

Outlook for October 2025

• Investor Plans:
  
  • Increased focus on recently listed companies like Tata Capital and Jain Resource Recycling.
    
  • Contrarian investors such as Vijay Kedia and Porinju Veliyath are expected to explore undervalued small-caps with improving earnings visibility.
    
• Market Trends:
  
  • Experts anticipate steady quarterly results from FMCG and banking sectors.
    
  • Infrastructure and energy are likely to see renewed institutional inflows following government project announcements.
    
• Retail Opportunities:
  
  • Following big investors’ public holdings provides guidance for retail traders aiming to ride institutional trends.
    
  • Platforms like Zerodha and Edelweiss AMC offer easy access to diversified, research-driven portfolios.

Conclusion

The top 10 big sharks of the Indian stock market—spanning value investors, entrepreneurs, and asset managers—remain key forces driving market sentiment in October 2025. Their movements in September 2025 provided crucial insights into sector rotations, growth expectations, and the broader direction of India’s equity landscape.

For investors, closely tracking these market leaders offers a real-time roadmap to understanding where smart money is flowing. Whether through direct equities, mutual funds, or startup ventures, the strategies of India’s top investors continue to shape the nation’s dynamic investment ecosystem.

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