Madhusudan Kela Portfolio

Madhusudan Kela has spent decades in Indian capital markets. His publicly disclosed investments can help you understand how an experienced investor spreads money across different companies.

• Kela has decades of investing experience.
• He invests across different business sectors.
• Choice International is a disclosed holding.
• MK Ventures is another major holding.
• Windsor Machines is also publicly disclosed.
• Portfolio holdings can change every quarter.
• Research stocks before investing your money.

Before looking at his portfolio, it helps to know why investors follow him.

Madhusudan Kela has more than 27 years of experience in Indian capital markets. He has worked on both the buying and selling sides of the investment business. His official Plaksha University profile identifies him as Founder of MK Ventures.

Earlier in his career, Kela held senior investment roles at the Reliance Group. He worked as Chief Investment Officer for more than a decade and led a team of over 40 investment professionals.

In simple words, his job involved studying companies and deciding where large amounts of investment money should go.

Kela is also a Founder and Distinguished Trustee at Plaksha University.

Business Standard named him Fund Manager of the Year for equities for his work at Reliance Mutual Fund. The award was presented at the Business Standard awards function attended by then Prime Minister Manmohan Singh.

He currently serves as Managing Director of MK Ventures Capital Limited, according to the company’s official board page.

Additional read: Benefits of stock market

Madhusudan Kela does not keep all his disclosed investments in only one type of business.

His verified holdings include companies from different areas. Choice International operates in financial services. MK Ventures Capital is a non-banking financial company, while Windsor Machines operates in manufacturing.

This is an easy way to understand diversification.

Suppose you have ₹10,000 and put the full amount into one company. If that company performs badly, your full ₹10,000 investment is affected.

If you spread the money across different businesses, one weak investment may have a smaller effect on your total portfolio.

Diversification can reduce concentration risk. It does not remove the risk of losing money in the stock market.

Public company disclosures show some of the shares held by Madhusudan Kela. These holdings can change, so always check the latest company or stock exchange filing before making an investment decision.

• Choice International Limited: Choice International’s FY2025-26 annual report showed Madhusudan Murlidhar Kela holding 1,84,55,000 shares, or 9.24%, as on 31 March 2025. The company’s official investor page shows that a newer shareholding pattern for 30 June 2026 is available, so older 2024 figures should not be used as current data.
• MK Ventures Capital Limited: The company’s official disclosures identify Madhusudan Kela as promoter and Managing Director. An official filing records his holding at 28,58,027 shares.
• Windsor Machines Limited: An official BSE filing records an allotment of 65,15,506 shares to Madhusudan Kela. The filing showed this as 6.34% assuming full conversion of the warrants covered by that transaction.

The securities quoted are for example purposes only and not a recommendation.

A portfolio holding is not the same as personal net worth. That is why an old portfolio value should not be presented as Madhusudan Kela’s current net worth unless his complete wealth is officially disclosed.

Additional read: Basic stock market terms

You cannot simply buy “Madhusudan Kela’s portfolio” as one investment.

You can study the publicly disclosed stocks he owns. Then decide whether any of those companies suit your own investment philosophy, budget, and ability to take risk.

For example, suppose Kela owns shares of Company A. That tells you he has invested in the business. It does not mean you should immediately buy the same share.

He may have bought the stock years earlier at a much lower price.

You should first understand what the company does, how it earns money, and what risks can affect the share price.

Studying the portfolio of an experienced investor can give you ideas about companies and sectors worth researching.

• Find stocks to research: His disclosed holdings can give you a starting point for further study.
• Understand diversification: You can see how money is spread across different businesses.
• Learn about companies: You may discover businesses you did not know earlier.
• Track investment changes: Public disclosures can show when major holdings change.
• Understand risk better: Different companies can perform differently in the same market.

For example, a portfolio containing a finance company and a manufacturing company is less dependent on the performance of only one type of business.

Studying a portfolio can help you learn. It does not guarantee that copying the same stocks will make money.

Copying another investor without doing your own research can lead to losses.

• Your buying price may differ: Kela may have bought a stock at a much lower price.
• Your budget may be smaller: His ability to handle a loss may be very different from yours.
• Your goals may differ: He may be willing to hold a stock for many years.
• Disclosures come later: You may learn about a holding after the original transaction happened.
• Some stocks can be concentrated: Putting too much money into a few shares increases risk.
• Share prices can fall: Even experienced investors can make investments that lose value.

Consider a simple example.

Suppose an investor buys a share at ₹100. You see the holding later and buy it at ₹300.

If the share falls to ₹200, the first investor still has a ₹100 gain per share. You have a ₹100 loss per share.

The company is the same. The result is different because the buying prices are different.

Madhusudan Kela has spent decades in Indian capital markets and has held senior investment roles. He is currently associated with MK Ventures and MK Ventures Capital Limited. His publicly disclosed holdings can give you companies to research. But do not put money into a stock only because a well-known investor owns it. Check the company, your buying price, the risks, and how much loss you can handle. Your money and financial needs are different from another investor’s.