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Ashish Kacholia (Businessman) Biography: Age, Career, Family and More

F4U Editorial Desk • Updated September 28, 2026 • 6 min read

Quick Info

AgeIn his 50s (as of 2023)

BirthplaceMumbai, India

ProfessionBusinessperson

NationalityIndian

Marital statusMarried

SpouseSushmita Kacholia

FamilyThree children; father Ramesh Kacholia (businessman, philanthropist)

Net worthRs. 2,036 crores

Ashish Kacholia (Businessman) Biography

Ashish Ramesh Kacholia is an Indian businessman and investor known for identifying multi-bagger stocks and building a broad public-equity portfolio. Based,

Early life and background

Ashish Ramesh Kacholia was born and raised in Mumbai, India. He completed a Bachelor of Science in Production Engineering and went on to earn a Master of Business Administration from the Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai. He comes from a Marwari family; his father, Ramesh Kacholia, is a businessman and philanthropist who established the Mumbai-based non-profit Caring Friends.

Career

Kacholia began his career in securities and financial services, working at Prime Securities and later at Edelweiss Capital. In 2003 he started his own firm, Lucky Securities, after earlier involvement in ventures such as Hungama Digital, which he co-founded in 1999 alongside Rakesh Jhunjhunwala according to media accounts.

Over time Kacholia developed a reputation as a stock picker with a strong ability to spot companies that deliver outsized returns. His publicly disclosed holdings show a diversified portfolio across small and mid-cap opportunities and larger companies in industries including hotels, education, infrastructure and industrials. By mid-2023 he publicly owned stakes in more than 40 securities, with disclosures valuing those positions in crores of rupees.

Several individual investments have been highlighted in media reports. Kacholia is associated with early positions in companies such as Ajanta Pharma and Mastek Limited, and he has held stakes in businesses including Atul Auto, Majesco, KPIT Technologies and Polycab India. Reports indicate significant returns from investments in companies such as Bodal Chemicals and Majesco, and he has made notable purchases in firms like Paushak Limited, Igarashi Motors and Genesys International Corporation during different periods.

Kacholia is known for favoring management quality as a core investment criterion and for seeking businesses that can adapt to changing market conditions and customer preferences. Market participants tend to watch his filings closely; changes in his ownership stakes or additions to his portfolio attract attention from other investors and the media.

Public profile

Although widely recognised on Dalal Street—sometimes described in media as a major or “big whale” investor—Kacholia maintains a low public profile. He has said in interviews that he prefers privacy and avoids the spotlight, noting the changing fortunes that markets can create for investors. He lives modestly compared with the public attention his stock moves draw.

Alongside his investing, Kacholia is involved in philanthropic work tied to his family. He is recorded as an individual donor to Caring Friends, the non-profit founded by his father. His family life is also noted publicly: he married Sushmita Kacholia on 27 April 2009 and they have three children.

Latest updates

In 2023 his disclosed portfolio included holdings such as a roughly 3.75% stake in Acrysil Ltd. and about 2.24% in NIIT Ltd., with media reports assigning crore-level valuations to those positions. Throughout recent years he has continued to allocate capital across a wide set of quoted companies, maintaining meaningful stakes in names like Poly Medicure Ltd., Shaily Engineering Plastics Ltd. and Safari Industries (India) Ltd.

Kacholia remains active as a private investor who focuses on discovering small and mid-cap companies with multi-bagger potential and on holding positions until their underlying prospects play out.
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Recent Work

Founder, Lucky Securities

Started Lucky Securities in 2003 after earlier roles at Prime Securities and Edelweiss Capital.

2003
Co‑founder, Hungama Digital

Co-founded Hungama Digital in 1999 alongside Rakesh Jhunjhunwala (reported in media).

1999
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Career Highlights

  1. Built a publicly disclosed portfolio of over 40 securities by mid-2023
  2. Known for identifying multi-bagger stocks such as early positions in Ajanta Pharma and Mastek
  3. Founded Lucky Securities in 2003 after experience at Prime Securities and Edelweiss Capital
  4. Co-founded Hungama Digital in 1999 (reported)
  5. Associated with philanthropic giving through Caring Friends, founded by his father Ramesh Kacholia
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Net Worth

Rs. 2,036 crores

Figures are editorial estimates based on publicly available reporting and may change as new information emerges.

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Frequently Asked Questions

What is Ashish Kacholia (Businessman) known for?

Businessperson

What is Ashish Kacholia (Businessman)’s marital status?

Married

Who is Ashish Kacholia (Businessman) married to?

Sushmita Kacholia

What is Ashish Kacholia (Businessman)’s net worth?

Rs. 2,036 crores