Madhusudan Kela family name disappears from Waaree Energies, Samhi Hotels, Prataap Snacks in Q1

Madhusudan Muralidhar Kela is a well-regarded investor and entrepreneur who founded MK Ventures in 2018 to focus on high-growth investment opportunities

Madhusudan Kela and his family, including his wife Madhuri Madhusudan Kela—both recognised as seasoned and influential investors in the Indian equity market—were notably absent from the shareholding disclosures of three listed companies in the June quarter.

These companies include Prataap Snacks, Samhi Hotels, and Waaree Energies Ltd. In addition, the family was observed marginally reducing its holding in Choice International. The combined estimated value of the exited or trimmed stakes across these four companies stands at around Rs 1,255 crore.

The stake in Samhi Hotels was valued at around Rs 83 crore, while the holding in Waaree Energies was worth around Rs 1,050 crore. Prataap Snacks holding was valued at around Rs 116 crore. His name no longer appeared in the shareholding list, pointing to either a full exit or a reduction in stake below the 1 percent disclosure threshold. In Choice International, the Kela family reduced its stake by roughly Rs 6.6 crore during the same period.

Madhusudan Muralidhar Kela is a well-regarded investor and entrepreneur who founded MK Ventures in 2018 to focus on high-growth investment opportunities. He also established portfolio management ventures such as Invexa Capital. His wife, Madhuri Kela (also known as Mahi Madhusudan Kela), co-manages their investment portfolio and is an active investor in her own right.

As of the June quarter, the Kela family held investments in 14 listed companies, with a total portfolio value of around Rs 2,660 crore, down 13 percent from Rs 3,060 crore in the March quarter.

Among top holdings, his largest position is in Choice International, with a holding valued at around Rs 1,350 crore. This is followed by stakes in MK Ventures Capital and Windsor Machines, valued at Rs 476 crore and Rs 215 crore respectively. Other significant holdings include Nazara Technologies (Rs 150 crore), Sangam India (Rs 100 crore), Indostar Capital (Rs 98 crore), and Bombay Dyeing (Rs 60 crore), among others.

Since the beginning of July, several key holdings in the portfolio have witnessed sharp corrections. Windsor Machines has declined by 16 percent, Sangam by 12 percent, and Indostar Capital by nearly 20 percent. Other stocks including Rashi Peripherals, SG Finserv, Niyogin Fintech, and Repor have also fallen between 3 and 6 percent during the same period.