Ashish Dhawan Portfolio: Latest Holdings
As per shareholding filings for the quarter ended 30 September 2026, Ashish Dhawan publicly holds 12 stocks with stakes of 1% or more, worth about ₹2,108 Cr at current prices. 2 are new this quarter, the stake was raised in 1 and cut in 2.
- Holdings: Sep 2026 quarter filings
- Prices as of 23 Oct 2026
- Only stakes of 1% or more are disclosed
- Disclosed holdings value
- ₹2,108Cr
- Stocks held (1%+)
- 12
- New this quarter
- 2
- Stake raised / cut
- 1 / 2
- Largest holding
- 24.5%Religare Enterprises
What changed in the Sep 2026 quarter
New buys (2)
- Equitas Small Finance Bank4.1% stake
- Allcargo Global1.0% stake
Stake raised (1)
- Religare Enterprises▲ +2.10 pts
Stake cut (2)
- Quess Corp▼ under 0.05 pts
- Northern Arc Capital▼ under 0.05 pts
Fell below 1% (2)
- M&M Financialwas 1.1%
- Digitide Solutionswas 4.1%
Below 1% a stake drops out of filings, so a partial sale and a full exit can look the same.
All 12 holdings
| Stock | Stake (Sep 26) | Change vs Jun 26 | Shares held | Value (₹ Cr) | % of portfolio | Try in Kalpi |
|---|---|---|---|---|---|---|
| Religare Enterprises | 7.3% | ▲ +2.10 pts | 2,52,81,090 | 516.4 | 24.5% | Backtest Religare Enterprises |
| IIFL Finance | 1.3% | No change | 56,73,406 | 306.1 | 14.5% | Backtest IIFL Finance |
| Equitas Small Finance Bank | 4.1% | New | 4,68,70,000 | 306.1 | 14.5% | Backtest Equitas Small Finance Bank |
| Quess Corp | 4.9% | ▼ under 0.05 pts | 73,12,080 | 219.8 | 10.4% | Backtest Quess Corp |
| AGI Greenpac | 4.8% | No change | 31,00,000 | 215.6 | 10.2% | Backtest AGI Greenpac |
| Greenlam Industries | 3.8% | No change | 96,28,420 | 199.1 | 9.4% | Backtest Greenlam Industries |
| Bluspring Enterprises | 6.4% | No change | 95,94,503 | 139.5 | 6.6% | Backtest Bluspring Enterprises |
| RPSG Ventures | 3.7% | No change | 12,34,286 | 100.6 | 4.8% | Backtest RPSG Ventures |
| Northern Arc Capital | 2.2% | ▼ under 0.05 pts | 35,00,000 | 85.7 | 4.1% | Backtest Northern Arc Capital |
| Allcargo Global | 1.0% | New | 98,38,739 | 10.4 | 0.5% | Backtest Allcargo Global |
| Dish TV | 1.6% | No change | 2,89,57,491 | 5.7 | 0.3% | Backtest Dish TV |
| Palred Technologies | 5.5% | No change | 6,78,189 | 2.9 | 0.1% | Backtest Palred Technologies |
Value = shares held × price on 23 Oct 2026. Change is in percentage points of the company's shares.
Where the money sits: top 10 holdings
The top 10 holdings make up 99.6% of the disclosed value; Religare Enterprises alone is 24.5%.
A private equity mind in listed stocks: test the approach
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Who is Ashish Dhawan?
Ashish Dhawan is an Indian philanthropist and former private equity investor who co-founded ChrysCapital, one of India's leading private equity funds. He is the founder-chairperson of The Convergence Foundation and Central Square Foundation, and founding chairperson of the board of trustees of Ashoka University.
Sources: Wikipedia.
How to read this data
- Companies disclose shareholders who own 1% or more, once a quarter. Smaller stakes stay hidden.
- Filings come out up to three weeks after the quarter ends, so trades can be months old.
- Holdings filed in their own name are shown. Holdings of companies or funds they manage are not, unless stated.
- This page reports public filings. It is not a recommendation to buy or sell.
Frequently Asked Questions
What is Ashish Dhawan's current portfolio?
As per filings for the quarter ended 30 September 2026, Ashish Dhawan publicly holds 12 stocks with stakes of 1% or more, worth about ₹2,108 Cr at current prices. The largest are Religare Enterprises, IIFL Finance, Equitas Small Finance Bank, Quess Corp and AGI Greenpac.
What are Ashish Dhawan's top holdings?
By value: Religare Enterprises (₹516 Cr, 7.3% of the company); IIFL Finance (₹306 Cr, 1.3% of the company); Equitas Small Finance Bank (₹306 Cr, 4.1% of the company); Quess Corp (₹220 Cr, 4.9% of the company); AGI Greenpac (₹216 Cr, 4.8% of the company).
Which stocks did Ashish Dhawan buy recently?
2 companies appear in the filings for the first time this quarter, the largest being Equitas Small Finance Bank and Allcargo Global. The stake was raised in Religare Enterprises. Filings show holdings at the end of the quarter, so the buying may have happened any time between July and September 2026.
Which stocks did Ashish Dhawan sell?
The stake was cut in 2 companies, including Quess Corp and Northern Arc Capital. M&M Financial, Digitide Solutions no longer appear in the filings, which means the stake fell below 1% or was sold.
What is Ashish Dhawan's net worth?
Total net worth is not public. What can be measured is the value of stakes of 1% or more in listed companies: about ₹2,108 Cr across 12 stocks at current prices. Smaller stakes, unlisted investments and money held through companies or funds are not included.
Who is Ashish Dhawan?
Ashish Dhawan is an Indian philanthropist and former private equity investor who co-founded ChrysCapital, one of India's leading private equity funds. He is the founder-chairperson of The Convergence Foundation and Central Square Foundation, and founding chairperson of the board of trustees of Ashoka University.
How did Ashish Dhawan make his money?
Mainly through private equity: he co-founded ChrysCapital, one of India's leading private equity funds, before turning to philanthropy and investing his own money.
Why are some stocks missing from this list?
Companies only name shareholders who own 1% or more. If the stake is below 1%, or has been sold below that level, the stock does not appear. The list updates once a quarter, when companies file their shareholding patterns.
Should I buy the stocks Ashish Dhawan holds?
This page reports public filings and is not a recommendation. Filings arrive weeks after the trades and do not show buying prices or reasons. A safer approach is to test a written set of rules on past data before investing, and to speak to a SEBI-registered adviser if you need advice.
Data compiled from shareholding patterns filed by listed companies with NSE and BSE for the quarter ended 30 September 2026. Prices as of 23 Oct 2026. Kalpi is not a SEBI-registered investment adviser; nothing on this page is investment advice or a recommendation to buy or sell. Investments in securities are subject to market risks.