Top 10 Best Traders in India – Learn from the Legends

The stock market is a place of both remarkable success stories and cautionary tales. While some traders have earned massive profits, others have faced significant losses. The difference lies in their strategies, skills, and understanding of the market. 

But who are the best traders in India whom you should look up to? Well, if you are a new trader, looking for some inspiration, you have landed at the right place. Find the list of the top 10 traders in India here and know all the details about them you need.

Top 10 Traders in India

Who is the best trader in India? Well, if you are also wondering this,then it’s important to understand that the best trader isn’t just someone who earns the most. It’s someone who trades consistently, manages risk wisely, and adjusts his strategy with market trends. 

The title of the best trader in India could belong to anyone who has mastered these principles. However, most of the names mentioned below have been traders in the past and now shifted their focus to investing and other business ventures. So, here is the list of the top traders in India:

Name	NetWorth (in ₹ Crores)
Radhakishan Damani	1,82,725
Rakesh Jhunjhunwala	62,799
Porinju Veliyath	247.8
Raamdeo Agrawal	15,939
Dolly Khanna	389
Ashish Kacholia	2,700
Vijay Kedia	1,224
Nemish Shah	3,149
Mukul Agrawal	7,742
Nikhil Kamath	26,024

Read Also: 10 Top Investors In India And Their Portfolios

So, now that you know the list, let us explore the details of these traders here.

1. Radhakishan Damani

Radhakishan Damani, famously known as the “Retail King” of India was once regarded as the No. 1 trader in India. He is the founder and chairman of DMart. 

After completing his education, he started trading. It was his skills in trading the financial markets during the 1990s that made people start to recognise him. Using his trading skills and market knowledge, he earned massive profits when the markets fell after the Harshad Mehta scam.

He is known for his visionary and disciplined business approach. This is one of the reasons that helped him to make DMart the biggest retail chain in India. Today, it has 300+ stores. 

2. Rakesh Jhunjhunwala

Undoubtedly, he is one of the best traders in India and is often called the “Big Bull of India.” It is his skills and knowledge which has led people to compare him with Warren Buffett.  

Around 1985, he started investing in stocks. He started his journey with as little as ₹5,000. He was also one of the traders that benefitted from creating short positions during the Harshad Mehta scam. Soon after, he became an investor and built a massive investment portfolio over the decades. He invests in fundamentally strong companies with good management. 

This long-term holding strategy offered him great returns. Besides investing, he co-founded Akasa Air and served on several company boards. He had a sharp market insight and was a legendary figure in Indian stock markets.

3. Porinju Veliyath

Porinju Veliyath built his career from humble beginnings in Kerala, starting as a floor trader before founding Equity Intelligence in 2009. He specializes in contrarian bets, identifying undervalued small-cap companies overlooked by the market and holding them until their true worth is realized by market participants. Notable early picks include Balrampur Chini and HEG, which delivered multibagger returns. His bold, research-driven style often at odds with prevailing trends has earned both criticism and acclaim, cementing his reputation as one of India’s most fearless and successful traders.

4. Raamdeo Agrawal

He is an Indian businessman and co-founder of Motilal Oswal Group. To complete his CA studies, he moved to Mumbai. Post completing, he started his career as a sub-broker in 1987.

He is the one who coined the QGLP rule, i.e., Quality, Growth, Longevity, and Price. He is known for his long-term commitment to quality stocks. Most of his holdings are multi-decade, which has allowed him to earn above benchmarks. 

His idea of investment is based on deep research and long-term planning. He is one of the top 10 traders in India. He has helped to build a strong image of a thoughtful and consistent investor in the market.

5. Dolly Khanna

Dolly Khanna prefers anonymity, yet her stock selections speak volumes. With a focus on emerging small- and mid-caps, she has unearthed gems such as Rain Industries, Nocil and Tanla Platforms. Her contrarian entry points, typically before a stock hits mainstream radar, have generated compounded returns far above benchmarks. Despite minimal media presence, her disciplined, fundamentally driven approach and ability to spot rapid-growth businesses have made her one of India’s most respected and successful traders.

 6. Ashish Kacholia

With a unique strategy, Ashish Kacholia is one of the best traders in India today. He invested in the mid- and small-cap companies and focused on finding companies with growth potential in the future. He usually searches for companies that are not generally well–known.  

He can be considered both a trader and an investor, but in recent years he is more inclined towards long-term investments. It is his research skills and ideas that many people follow his strategies when it comes to investing. He is known for picking stocks with consistent success, which is quite unique.

Before investing, he does a detailed analysis of the company. This offers him a detailed view which is good for a longer run.

7. Vijay Kedia

In the list of successful traders and investors in India, Vijay Kedia is a prominent name. He is known for his unique SMILE strategy that has allowed him to generate huge returns. SMILE stands for Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential.

This is how he started his investing journey. He focuses on evaluating small and mid-cap companies with growth potential. Recently, his focus shifted towards long-term investing. With his inspiring journey and simple approach, he is now a role model for many traders.

8. Nemish Shah

Nemish Shah is a respected Indian investor and trader. He is known as the co-founder of ENAM Holdings. It is one of the well-known equity research firms in India. The firm helps with investment banking and portfolio management.

He focuses on a research-driven investment style. The idea is to invest in companies with a strong business plan and future. Nemish focuses on every market movement quite precisely before making a decision. He is also an avid reader and observer of everyday market movements. 

9. Mukul Agrawal

One of the best traders in India, he is known as the founder and chairman of Param Capital Group. He started his journey in the late 1990s. He worked in Mumbai where he gained the skills. Eventually, he started trading and became a prominent name in the industry.

He follows an aggressive investment strategy and focuses on small and mid-cap stocks. He is one of the very few traders who have spotted various multibagger opportunities. He believes in taking calculated risks, which makes him one of the very few successful traders in India. 

10. Nikhil Kamath

Nikhil Kamath’s trading journey began at 17, working in a Bangalore call centre while quietly investing his modest salary in stocks. By 2006, he and his brother Nithin had obtained sub-broker licenses and founded Kamath & Associates, all while trading on the side and honing his skills in risk management, i.e., cutting losses quickly and sizing positions prudently. In 2010, he co-founded Zerodha and revolutionized markets and subsequently became one of the youngest billionaires in India.

Conclusion

Trading is not an easy task as it requires deep knowledge, analysis, and patience. So, while there are many good traders in India, only a few can be categorized as the best traders in India. These traders have constantly upskilled themselves, adjusted to market trends and continuously analysed the markets for a better understanding.

So, whether you are a beginner or an expert trader, you need to focus on adjusting your strategies according to the recent market conditions. Working on your skills can help you earn significant profits. And for the right start to the trading journey, signup on Pocketful today.

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