Top Traders in India 2024

The Indian economy now depends largely on commerce, and many traders have made major contributions to its expansion. Due to their extraordinary market achievements, a select group of traders has emerged as some of the best in India throughout the years.

Aspiring traders now look up to these traders as role models because they provide valuable insights into investment philosophies, techniques, and risk management techniques. These traders are well-known in India and worldwide trading, having amassed significant money from successful investments. This blog highlights the achievements of top traders in India and aims to inspire others interested in trading by sharing valuable insights about the trading world.

List of Top Traders in India

Below is the list of top traders in India: 

Rank

Trader Name 

Known For 

1

Premji and Associates 

Creative Investments in the IT sector and notable initiatives for charity. 

2

Radhakrishnan Damani

Developing successful retail chains and D-mart in India 

3

Dolly Khanna 

The queen of Indian stock market

4

Raamdeo Agrawal

Collaborating on the well-known "Wealth Creation Study" books.

5

Mukul Agrawal

Outstanding investments in pharmaceutical and technology sectors.

6

Sunil Singhania

Global investment success and an increased focus on ESG (Environmental, Social, and Governance) standards.

7

Ashish Dhawan

Significant private equity investments in India and major contributions to education reform.

8

Ashish Kacholia

He is well-known for his extremely profitable approach to investing in start-up businesses.

9

Vijay Kedia

His investments have frequently transformed small businesses into significant participants in the industry.

10

Ramesh Damani

He is renowned for his early investments in several prestigious businesses.

 

Overview of Best Traders in India

Here are the best traders in India in detail:

Premji and Associates: Premji and Associates was established by Azim Hashim Premji, a well-known Indian businessman and the current chairman of Wipro Ltd. He is also a well-known philanthropist and is known as the "Czar of the Indian IT Industry". Born in 1945 in Bombay, Premji is among the richest individuals in India. He started Premiji Associates as a business operation and had a significant stake in Wipro, Tube Investments, and JK Lakshmi Cements.

Radhakrishnan Damani: Radhakrishnan Damani is among the largest traders in India. He founded the popular DMart retail network of shops. After his father’s demise, he started his professional life as a stock market trader. He has a net worth of 2.3 billion USD and is presently the second richest person in India. In his portfolio, he has stocks from companies like Avenue Supermarts (DMart), India Cements, United Breweries, and Sundaram Finance. 

Dolly Khanna: Dolly Khanna, dubbed the "Queen of the Indian Stock Market," is a well-known trader for her remarkable trading skills and dedication to value investing. Born from a middle-class household, she has created a portfolio that routinely beats the market by concentrating on inexpensive firms with good fundamentals and growth prospects. Khanna's trading strategy prioritises due research, diversification, and long-term investing perspectives, encouraging investors to be patient and resilient.

Raamdeo Agrawal: Raamdeo Agrawal, co-founder of Motilal Oswal Group, is another well-known stock market trader in India. In his investment approach, he has always prioritised a company's development, quality, longevity, and bargain value. Like any other exceptional investor, Raamdeo Aggarwal follows long-term investing principles. 

Mukul Agrawal: Mukul Agrawal is a new trader in the Indian stock market. Because of his ambitious approach to investing, he has joined the wealthiest club in India. According to recent reports, his current net worth is INR 2,000 crores. He has forty-six shares in his portfolio, including Eveready Industries India Ltd., Kamdhenu Ltd., and J Kumar Infraprojects Ltd.

Ashish Dhawan: Ashish Dhawan, founder of Abakkus Asset, is the most notable, well-liked, and respected trader in India. He is a CFA and CA by profession and has a net worth of more than INR 2,097 crores. Among his many investments are HIL, Mastek, and IIFL Securities. His long-term perspective and desire to have a long-lasting impact on the sectors he invests in determine most of his investments.

Ashish Kacholia: Ashish Kacholia is the director of Hungama Digital Media Entertainment Private Limited and is also known as the big whale of the stock market. His portfolio is really broad, making him one of India's top ten intraday traders. He has made investments in several businesses, including Mould Tek Packaging Ltd., Paushak Ltd., Apollo Tricoat, NIIT Ltd., Apollo Pipes, ADF Foods, Acrysil Ltd., and Birlasoft Ltd. 

Vijay Kedia: Vijay Kedia has a great knowledge of the stock market as he started trading at the age of 19. According to sources, in his early trading years, he made a lot of money, but later on, he had to deal with huge losses. He did everything on his own, but everything failed, and after realising he had little to show for his efforts after almost 10 years of trading, he finally turned his attention to investing. Mr. Kedia discovered that he could make a contribution on his own by learning about investing.

Ramesh Damani: Ramesh Damani is one of the leading Indian financial experts in the stock market. He started his career as a stock trader when the Sensex was just 600. Since that moment, he has worked with Ramesh Damani Finance Pvt Ltd. In 1989, he joined the Bombay Stock Exchange; he was known as the son of a famous stock market analyst and investor. Over time he started to love selecting profitable businesses and eventually turned into a long-term speculator.

Additionally, Rakesh Jhunjhunwala (5 July 1960–14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant. Rakesh Jhunjhunwala known as the "Warren Buffett of India," is one of the most successful stock market investors India has ever seen.

Best Online Trading Platform in India

The best online trading platform in India is BlinkX because it has gained popularity for its cost-effective trading solutions. With competitive brokerage rates and a user-friendly interface, this platform caters to budget-conscious investors without compromising the quality of its services. BlinkX also provides premium research and up-to-date market information, and it has some amazing features like a customizable dashboard, easy sell/buy options, detailed business pages, a market watch, and more. 

Trading Philosophies and Invaluable Lessons

Top traders share common trading beliefs and key lessons. Some notable examples include:

  1. Disciplined Approach: Their trading strategies rely heavily on discipline. They highlight the need of sticking to a well-defined investment strategy, exercising emotional control, and avoiding rash judgements motivated by greed or fear.
  2. Thorough Study and Due Diligence: These traders conduct extensive study on possible assets. They painstakingly examine business finances, managerial quality, competitive landscapes, and development possibilities to ensure that their judgements are supported by sound facts and research.
  3. Patience and a Long-Term Outlook: Top traders recognise that long-term success in the stock market is essential. They advocate for long-term investments, allowing businesses to reach their full potential and capitalising on the power of compounding profits.
  4. Risk Management: Effective risk management is an important part of their trading strategy. They prioritise diversification, position sizing, and the use of stop-loss tactics to reduce potential losses and protect money.
  5. Emotional Intelligence: Top traders have mastered the discipline of regulating their emotions, rejecting the need to make rash judgements motivated by fear or greed. They retain a calm demeanour even in the midst of market turbulence, allowing them to make sound judgments based on their research and convictions.

Conclusion
New traders enter the market every year, and India's trading situation is always changing. In the next few years, we could expect to see even more successful traders coming as the nation develops. India's trading business has a bright future ahead of it, and it will be interesting to watch how the nation's leading traders continue to influence it. The best stock brokers in India are proof of the value of determination, dedication, and in-depth market knowledge. There is a lot to learn, regardless of whether you are one of the top 10 traders in India or just an aspiring trader. Aspiring traders need to first sign up in a share market app and then do share trading. 

Disclaimer: The top traders mentioned above can vary, and investors are advised to exercise caution and diligence when making investment choices.

FAQs on Top Traders in India

These traders help the Indian economy to grow by investing in various businesses, driving market development, and encouraging economic advancement.

These traders follow the basic tactics of momentum trading, value investing, technical analysis, fundamental analysis, and others.

Yes, people can follow their strategies, but it’s important to understand your own risk tolerance, market experience, and investment goals.

These traders stand out in the Indian market because of their unique investment strategies, in-depth understanding of the market, successful track records, and ability to accurately spot and capitalize on market opportunities.

Rakesh Jhunjhunwala, known as the "Warren Buffett of India," was among the best stock brokers India has ever seen.