Curated By: Business Desk
Last Updated: October 18, 2023, 13:32 IST
Born in Kolkata, Kedia’s father was a stockbroker.
Today, Vijay Kedia is extensively considered some of the revered and achieved buyers within the nation.
Renowned investor Vijay Kedia has not too long ago made headlines for reserving earnings within the multi-bagger Elecon Engineering Company Ltd, a notable participant within the industrial gears and materials dealing with gear sector. With a present web value exceeding Rs 800 crore, Vijay Kedia’s journey to success is a testomony to his arduous work, intelligence, and unwavering dedication. Yet, his life wasn’t at all times marked by opulence; there was a time when he struggled to discover Rs 14 to buy milk for his little one.
Vijay Kedia’s extraordinary success within the monetary markets is proof of his deep data and shrewd funding acumen. Unlike some excessive-achievers who boast fancy levels from esteemed establishments like IIT or IIM, Kedia constructed his fortune from the bottom up, guided by an unyielding willpower to excel.
Born in Kolkata, Kedia’s youth was marked by adversity. His father, a stockbroker, handed away when he was simply in Class 10, main to a setback in his training. The household confronted monetary hardships, and Kedia’s journey was marred by struggles. At one level, he had to half together with his mom’s valuable ornaments to make ends meet. He even endured the problem of sharing a room with six folks, a residing association necessitated by losses suffered within the inventory market.
However, in 1992, fortune smiled upon him because the inventory markets began on a strong uptrend. Recognizing the chance, Kedia invested in shares of Punjab Tractors, which he later bought at a 500 per cent revenue. With the proceeds from this profitable funding, he acquired shares in ACC, reaping a considerable 1000 per cent acquire.
These successes marked a turning level in Kedia’s life, enabling him to safe a house in Mumbai. Yet, his journey was not with out setbacks, as he once more confronted adversity throughout a market downturn. However, the tide shifted in 2002-2003 when the market rallied as soon as extra, presenting him with substantial positive factors. Today, Vijay Kedia is extensively considered some of the revered and achieved buyers within the nation.
Reflecting on his outstanding journey in an interview with CNBC, Kedia reminisced about his early begin available in the market on the age of 19. He recounted a difficult interval when he confronted important losses, with shares valued at about Rs 35,000 nearing collapse. Desperate to get well his losses from futures buying and selling inside a mere 15 days, he prayed for divine intervention and vowed not to re-enter the inventory market if he was saved from this predicament.
