Vijay Kedia: From Struggles to “Market Master” Success
The journey from 35,000 to 800 crore
In the dynamic world of finance and investments, few stories resonate as strongly as that of Vijay Kedia, the self-made investor, trader, and singer who transformed his life from financial adversity to becoming a market master. His journey is a testament to resilience, determination, and an innate understanding of the stock market. The Economic Times referred to him as a "market master."
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Vijay Kedia was a good stockbroker, having grown up in a Marwari family in Kolkata. At the age of 14, he began trading on family accounts with his grandfather. In 1978, Vijay's father died, he was in 10 Class. He somehow completed his graduation and got a Bachelor's in Commerce. At the age of 19, he was compelled to start a stock brokerage business to provide for his family. Despite setbacks, Kedia shouldered the responsibility of his family, getting married and starting his own.
Financial difficulties plagued Kedia's early years, to the extent that there was a time when Vijay Kedia did not even have enough money to buy milk for his child. At that time, he was suffering losses in the stock market. Vijay Kedia's wife somehow arranged milk. He used to Live with six people in a single room, he faced the harsh realities of life, driven by losses in the stock market. This incident touched Vijay's heart. Instead of giving up, he decided to fight. Although, in 2009, Vijay gave his wife shares in a milk company that he had purchased, he expressed his regrets to his wife. Desperation also led him to sell his mother's gold ornaments just to make ends meet.
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That time, he thought about leaving everything. He prayed to God to save him, and He did. But when you are made for it, you can’t distance yourself from it. He came back to the world of investing. In 1990, he came to Mumbai and started long-term investments based on analysis. In the face of dire financial straits, Kedia decided to take fate into his own hands. It was in 1992, during a bullish run in the stock market, that luck smiled upon him. Vijay Kedia's foray into the world of investments began with a modest investment of 35 thousand in Punjab Tractors, a decision that proved to be a game-changer.
The stock turned out to be a multi-bagger, yielding returns six to seven times the initial investment. This early success instilled confidence in Kedia, propelling him to explore further investment opportunities in the stock market. Buoyed by this success, he further invested in ACC shares, witnessing a staggering climb in their value. However, despite his achievements, he found himself ensnared in the allure of "Satta" trading; he describes it as akin to a drug, easy to start but difficult to quit. This gambling habit became a significant hurdle in his financial journey, leading to losses even as he earned from strategic investments.
Kedia's journey wasn't without setbacks. The market collapsed in the subsequent years which wiped out his gains, yet he did not lose heart. In 2002-2003, as the market experienced another bullish phase, he strategically invested in shares of three companies, yielding substantial gains. Undeterred by past losses, Kedia continued consolidating his portfolio and accumulating profits. Reflecting on his experiences, Kedia emphasises the importance of learning life lessons from crises.
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He says luck may offer a reprieve a few times, but he contends that every challenge presents an opportunity for personal growth. He learned everything through trial and error; he did not read any books or courses. He says, "Jab khone ke liye kuch nahi hota to pane ke liye puri duniya hoti hai” (When there's nothing to lose, the entire world is there to gain). He suggests “always find out the failure story rather than focusing on the success one. Mistakes teach you well." In the realm of investing, he advocates sticking with emerging sectors and assessing their longevity.
According to him, three crucial elements for long-term investing are knowledge, courage, and patience. Recognising the uniqueness of each individual, he emphasises the importance of self-awareness and understanding management. According to him, the market is a game driven by passion and knowledge, and he encourages individuals to forge their paths rather than rely on others' opinions. The aspiration for overnight wealth is often the root cause of failures in the stock market, according to his wisdom. He advocates patience and resilience, believing that one will eventually be grateful for not giving up. Echoing Kabir, he emphasises the power of the mind in both victory and defeat.
In trading, he jokes that only God and a liar can always buy low and sell high. His mantra for investing is succinct yet powerful: "Invest like a bull, sit like a bear, and watch like an eagle," encapsulating the essence of strategic and vigilant market participation. Vijay Kedia is not only an astute investor but also a business leader and mentor. As the Managing Director of Kedia Securities Pvt. Ltd., he has played a pivotal role in the success of the Company. Additionally, his directorship at Atul Auto Ltd. and his role as a business mentor at Atul Greentech underscore his multifaceted contributions to the business world. Kedia's prowess in the financial realm has earned him numerous accolades.
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He received a Doctorate for excellence in management in 2016. The Shri Babasaheb Ambedkar Award in 2021 and the Shri Abdul Kalam Award in 2022 further solidified his standing in the investment community. In 2023, he was honoured with the Navbharattime NB NEWS award for "Ace Investor" While Vijay Kedia may not boast fancy degrees from IIT or IIM, his practical knowledge and sharp intellect have made him a sought-after speaker. He has delivered keynote addresses at esteemed institutions like IIM Ahmedabad, IIM Bangalore, IIM Amritsar, MDI Murshidabad, and the London Business School. Additionally, he has graced the TEDx stage twice, sharing his insights on the market and success.
He explains his investment formula in the English word SMILE. S for Small in Size – ok Companies whose market capitalisation is between Rs 500 to Rs 1000 crore, M for Medium in experience – 10-12 years old company, L for Large in Aspirations – company’s business and management having a strong desire to become big, E for Extra Large in Market Potential. Beyond his financial ventures, Vijay Kedia is a man of diverse interests. He shares a passion for writing quotes and music, with a particular focus on themes related to investment and money.
His creations, including songs and quotes, are featured on various social media platforms, showcasing his talents beyond the stock market. He guides people with his amazing songs and quotes.Vijay Kedia's journey from financial struggles to a net worth exceeding Rs 800 crore is a story of perseverance, learning from setbacks, and seizing opportunities. His success, not only in the stock market but also as a business leader and mentor, showcases the multifaceted nature of his achievements. Through his story, Kedia inspires aspiring investors and entrepreneurs to navigate challenges with resilience and determination, proving that with the right mindset, anyone can achieve financial success.
Vijay Kedia's net worth
In the latest corporate shareholdings compiled by Trendlyne, Vijay Kedia publicly holds 15 stocks with a net worth of over Rs 1,433.3 crore as published in ET.
Sources
Vijay Kedia Wikipedia: https://en.wikipedia.org/wiki/Vijay_Kedia
https://navbharattimes.indiatimes.com/business/business-news/vijay-kedia-success-story-how-vijay-kedia-made-huge-money-in-stock-market/articleshow/104293240.cms
https://youtu.be/KlYgxUIbW0g?si=h6c3QWmuAtONpFd3
https://youtu.be/wjDROsMslnE?si=x0IBu3Ino01agAPn
https://viniyogindia.com/public/vijay-kedia/
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