Ace investor Ashish Kacholia is known for his sharp eye in identifying high-growth mid-cap and small-cap stocks. His portfolio includes some of the most promising companies in India. Here’s a look at the top 5 largest holdings that reflect his investment strategy and market confidence.
Here are the top five largest holdings of Ashish Kacholia
Shaily Engineering Plastics Limited
With a market capitalization of Rs. 9,273.05 crore, the shares of Shaily Engineering Plastics Limited closed at Rs. 2,017.85 per equity share, rising nearly 9.67 percent from its previous day’s close price of Rs. 1,839.95.
Ace investor Ashish Kacholia holds a total 5.2 percent stake (23,93,680 shares) in Shaily Engineering Plastics Limited, comprising a direct holding of 3.2 percent (14,78,980 shares) and an additional 2 percent (9,14,700 shares) through Suryavanshi Commotrade Private Limited. This represents the highest holding value in the company at Rs. 403.1 crore.
Shaily Engineering Plastics Limited was established in 1987 and is a leading Indian manufacturer of precision injection-molded plastic components. It serves industries like healthcare, automotive, and consumer goods, offering end-to-end solutions with over 200 molding machines across seven facilities, exporting to over 40 countries.
Beta Drugs Limited
With a market capitalization of Rs. 1,902.82 crore, the shares of Beta Drugs Limited closed at Rs. 1,885 per equity share, up nearly 0.45 percent from its previous day’s close price of Rs. 1,876.50.
Ace investor Ashish Kacholia holds a total 12.5 percent stake (1,263,826 shares) in Beta Drugs Limited, comprising a direct holding of 5.8 percent (583,800 shares) and an additional 6.7 percent (680,026 shares) through Suryavanshi Commotrade Private Limited. This represents the total holding value in the company at Rs. 226.6 crore.
Beta Drugs Limited was established in 2005 and is an Indian pharmaceutical company specializing in oncology and dermatology medicines. The company manufactures anti-cancer drugs for various cancers, including breast, lung, and ovarian, and offers dermatological solutions.
Safari Industries (India) Limited
With a market capitalization of Rs. 11,241.95 crore, the shares of Safari Industries (India) Limited closed at Rs. 2,299.60 per equity share, up nearly 0.66 percent from its previous day’s close price of Rs. 2,284.50.


Ace investor Ashish Kacholia holds a 1.84 percent stake in Safari Industries (India) Limited, representing the total holding value of Rs. 205.1 crore, consisting of 900,000 shares.
Safari Industries (India) Limited was established in 1974 and is a Mumbai-based manufacturer of luggage and accessories. It produces hard and soft luggage, backpacks, and travel bags under brands like Safari, Genius, and Genie, operating a key plant in Halol, Gujarat, and exporting across India and beyond.
Zaggle Prepaid Ocean Services Limited
With a market capitalization of Rs. 5,811.76 crore, the shares of Zaggle Prepaid Ocean Services Limited closed at Rs. 433.05 per equity share, down nearly 1.90 percent from its previous day’s close price of Rs. 441.45.
Ace investor Ashish Kacholia holds a 2.24 percent stake in Zaggle Prepaid Ocean Services Limited, representing the total holding value of Rs. 127.7 crore, consisting of 3,003,356 shares.
Zaggle Prepaid Ocean Services Limited was established in 2011 and is a Hyderabad-based B2B SaaS FinTech company. It provides financial solutions for corporates, SMEs, and startups, specializing in spend management, expense automation, rewards, and prepaid cards, serving over 3.2 million users.
Balu Forge Industries Limited
With a market capitalization of Rs. 7,676.25 crore, the shares of Balu Forge Industries Limited closed at Rs. 701.40 per equity share, up nearly 1.45 percent from its previous day’s close price of Rs. 691.40.
Ace investor Ashish Kacholia holds a 1.66 percent stake in Balu Forge Industries Limited, representing the total holding value of Rs. 117.2 crore, consisting of 1,865,933 shares.
Balu Forge Industries Limited was established in 1989 and is a Mumbai-based manufacturer of precision-engineered forged components. It specializes in crankshafts, railway wheels, and automotive parts, serving industries like automotive, defense, and railways, with exports to over 80 countries.
Written By – Nikhil Naik
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