Madhusudan Kela portfolio sinks nearly 39% in September quarter

About this update from Windsor Machines Limited

Ace investor Madhusudan Kela and his family, known for their sharp stock-picking acumen, endured a steep slide in portfolio value during the September quarter as several key bets came under pressure.Despite only minor portfolio adjustments, the family’s holdings shrank to about Rs 2,494 crore across 15 stocks, a sharp fall from roughly Rs 4,073 crore in June.Kela’s only notable move in the quarter was a fresh bet on Prataap Snacks, where he re-entered with around 11 lakh shares worth close to Rs 115 crore. The move, however, was not enough to cushion broader losses.The family’s portfolio took a hit from pronounced declines in several names, led by Nazara Technologies, which slumped nearly 22 percent. MK Ventures Capital and Windsor Machines dropped about 18 percent and 10 percent respectively, while Indostar Capital Finance tumbled around 31 percent, dragging the overall portfolio lower.The weakness came against the backdrop of turbulent market conditions, with Indian equities reeling from geopolitical jitters and persistent foreign investor selling. The Sensex and Nifty slipped 4 percent and 3.6 percent during the quarter, while the BSE MidCap and SmallCap indices declined 4.5 percent and 4.2 percent.Kela, a respected market veteran who founded MK Ventures in 2018, is known for backing high-growth opportunities and has also set up portfolio management firm Invexa Capital. His wife, Madhuri (Mahi) Madhusudan Kela, co-manages the family’s investments and is an active investor herself.Choice International remains the largest holding in the portfolio with an estimated value of Rs 1,538 crore, followed by MK Ventures Capital at about Rs 384 crore and Windsor Machines at roughly Rs 188 crore. Prataap Snacks and Nazara Technologies stand near Rs 119 crore each, while Sangam Industries and Indostar Capital account for around Rs 109 crore and Rs 83 crore respectively.

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