Madhusudan Kela family sells down stakes in Waaree Energies, Samhi Hotels, Prataap Snacks in Q1

Madhusudan Kela and his wife, Madhuri Madhusudan Kela, widely regarded as seasoned investors in Indian public markets, have exited their disclosed positions in Waaree Energies, Samhi Hotels, and Prataap Snacks in the June 2025 quarter, as per regulatory filings reviewed on July 29.

The family, known for their high-conviction bets and long-standing presence in mid-cap and emerging companies, was notably absent from the June quarter’s shareholding disclosures of all three companies. Their exit from the statutory disclosure threshold signals a significant shift from the March quarter, when the Kela family held a 4.6% stake in Prataap Snacks, 1.7% in Samhi Hotels, and 1.2% in Waaree Energies.

It remains unclear whether the positions were fully exited or if the holdings merely dropped below the 1% threshold, beyond which individual shareholding is not required to be disclosed.

Choice International stake trimmed

In addition to the exits, the Kela family parsed its stake in financial services firm Choice International. The holding was reduced to 8.9% in the June quarter, down from 9.2% at the end of March.

Madhusudan Kela, a former head of equities at Reliance Capital, is the founder of MK Ventures, launched in 2018 to identify high-growth investment opportunities. He also established the portfolio management firm Invexa Capital. His wife, Madhuri Kela, also known as Mahi Madhusudan Kela, is an active market participant and co-manages their equity investments.

Public portfolio down to 14 stocks

As of June 30, 2025, Madhusudan Kela publicly holds 14 stocks with a cumulative net worth of over Rs 2,650.2 crore, according to data compiled by Trendlyne. This is a decline from March 31, 2025, when he held 17 stocks with a total disclosed value exceeding Rs 2,811.0 crore.

The exits mark a notable reshuffling in one of India’s most closely tracked individual portfolios, though no official comments have been made by the family regarding the rationale behind the divestments.

Also read | Reliance Power shares down 15% in a month as ED probe drags. Can the stock reclaim Rs 70 amid volatility?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)