Vijay Kedia Holdings : The Architect of Multibagger Fortunes
In the high-stakes world of Indian stock markets, few investors command the respect and admiration that Vijay Kedia does. With a career spanning over three decades, Kedia has transformed modest investments into a colossal ₹1,800 crore net worth (2025 estimate) by identifying hidden gems before they become market darlings.
His legendary bets include:
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Tejas Networks (1,500% returns)
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Elecon Engineering (50x returns since 2009)
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Vaibhav Global (5x returns in 6 years)
As we analyze Kedia’s 2025 portfolio, we’ll uncover:
✔ His current top holdings
✔ The 3M Framework behind his stock picks
✔ Latest buys & exits in 2025
✔ Actionable lessons for retail investors
Vijay Kedia’s 2025 Portfolio: Holdings
| Company | % Holding | Holding value (in Crs) |
| Sudarshan Chemical | 8% | 118 |
| Global Vectra | 1% | 16.3 |
| Tejas Networks | 9% | 129.2 |
| Precision Camshafts | 3% | 38.4 |
| Atul Auto | 19% | 280.8 |
| Elecon Engineering | 11% | 156 |
| Mahindra Resorts | 5% | 73.2 |
| Neuland Laboratories | 10% | 149.5 |
| Om Infra | 2% | 31 |
| Repro | 4% | 51.5 |
| Siyaram Silk Mills | 2% | 32.7 |
| Vaibhav Global | 6% | 85.8 |
| Innovators Facade Sys | 3% | 46 |
| Affordable Robotic | 3% | 44.4 |
| TAC Infosec | 13% | 192.1 |
| 100% | 1444.9 |
Kedia’s 2025 Investment Strategy: The 3M Framework
1. Management
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Looks for:
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Promoter holding >40% (e.g., Elecon’s 45%)
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Low/no pledged shares
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“I meet promoters, not PR teams” – Kedia
2. Market
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2025 Sector Bets:
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Defense (Govt’s ₹7L cr budget)
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Railway Infra (Vande Bharat expansion)
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Specialty Chemicals (China+1 theme)
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3. Money
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Financial filters:
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Debt/Equity <0.5
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ROCE >18% for 3+ years
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FCF positive
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Vijay Kedia’s Net Worth & Portfolio Growth
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2025 Net Worth: ₹1,800 crore (Forbes estimate)
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5-Year CAGR: 32% (vs Nifty’s 14%)
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Top Performer: Tejas Networks (₹5cr → ₹220cr)
5 Lessons from Kedia’s 2025 Portfolio
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“Sector Cycles > Stock Picking” – His defense bets align with Modi 3.0 policies
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“Hold Beyond Hype” – Still holds Elecon after 15 years
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“Ignore Quarterly Noise” – Looks at 5-year financials
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“Bet on Bharat” – Prefers Tier-2 headquartered companies
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“Exit When Crowd Arrives” – Sold Sudarshan Chem at peak valuations
Should You Invest in Kedia’s 2025 Picks?
Pros:
✔ Backed by structural growth trends (infra/defense)
✔ Strong margin of safety (low debt, high promoter skin)
Cons:
❌ Illiquidity risk (small-caps like Premier Explosives)
❌ High volatility (30-50% swings common)
While Kedia focuses on small-caps, other legends like Radhakishan Damani prefer cash-rich large-caps (see Damani’s 2025 portfolio for contrast).
Final Words
Vijay Kedia is nothing but legendary investor in india which has inspired millions of indians to do value investing and believe in india growth story and demonstrated that it is possible to create wealth via investing that too in indian markets, before signing off I want to show you all this video clip of vijay kedia which I have found out while researching about him.