Ace investor Madhusudan Kela and his family faced a sharp drawdown in their equity portfolio in the September quarter as several key bets lost ground amid a broader market correction. Public shareholding data indicates that the value of their listed holdings slipped to around Rs 2,494 crore, compared with Rs 4,073 crore at the end of June — a decline of nearly 39 per cent. Madhusudan Kela is a Founder and Trustee at Plaksha University. Faculty at Plaksha come from institutions such as MIT, Stanford, Cornell, University of Cambridge, NTU Singapore, IIT, IISc among others Ace investor Madhusudan Kela, celebrated for his sharp eye in identifying emerging businesses, faced a steep markdown in his equity portfolio during the September 2025 quarter. Once seen as one of the most consistent wealth creators in India’s mid-cap space, his holdings endured a sharp correction amid a turbulent market environment. These are shares held by Madhusudan Kela as per the shareholding data filed with the exchanges. The latest quarter tends to have missing data since not all companies may have reported their shareholding data till now.

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