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Hemendra Kothari

Hemendra Kothari

H. Kothari
-0.35% | - $-6.46M
$1.86 B ₹ 16,950 Cr
Real Time Net Worth #2168 Ranking as of 21 Feb 2026 By Forbes

More on Hemendra Kothari

Gender

Male

Age

80Y

Country

India

Born On

January, 1946

Deceased

No

Relationship Status

Widowed

Children

2

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Investment Banking)

Primary Organization

Wildlife Conservation Trust

Titles

Founder & Chairman

Sources of Wealth

DSP Merrill Lynch Sale

Industry

Finance, Investments, Philanthropy

About Hemendra Kothari


H emendra Kothari is a veteran Indian investment banker often referred to as the 'dean of Indian investment banking.' His family had a long history as stockbrokers, but he was the one who pioneered the modern investment banking industry in India. He founded his own firm, which later became DSP Merrill Lynch through a highly successful long-term partnership with the American investment banking giant, Merrill Lynch.

For decades, DSP Merrill Lynch was one of the leading investment banks in India, playing a key role in many of the country's most significant capital markets transactions. In 2008, he sold his remaining stake in the joint venture to its new owner, Bank of America, for a massive sum, cementing his billionaire status. He has since focused on his own investments and has become a prominent philanthropist, particularly in the areas of wildlife and nature conservation through his Wildlife Conservation Trust.

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Quick Reads


  • A veteran Indian investment banker, known as the 'dean' of the industry in India.
  • Made his fortune from his investment bank, DSP Merrill Lynch.
  • Sold his stake in the firm to Bank of America in 2008.
  • His family has been in the stockbroking business for generations.
  • A major philanthropist, he is a passionate wildlife conservationist.

Early Life and Background


Hemendra M. Kothari is an Indian businessman, the self-made billionaire Founder of DSP Investment Managers and a leading investment banker. Born in Mumbai, India, in 1946, his career is deeply rooted in finance; his great-grandfather was one of the founders of the Bombay Stock Exchange (BSE) in 1875.

Kothari graduated with a Bachelor of Commerce degree from Sydenham College of Commerce and Economics (1967). His early career began in the textiles industry before he returned to his family's investment business in the challenging 1970s. His philosophy centers on consensus, financial discipline, and picking up on trends before competitors, earning him the moniker investment guru.

Career Journey of Hemendra Kothari


Hemendra Kothari successfully revived his family's finance business in the 1970s, which was facing challenging conditions due to the nationalization of banks and insurance companies. He was instrumental in building DSP Investment Managers, which became a massive, highly successful investment banking and asset management group (partnering with Merrill Lynch for two decades).

His wealth is tied to the successful management and monetization of his investment banking assets. Post-finance, Kothari shifted his focus to his profound passion: wildlife conservation. He founded the DSP Wildlife Conservation Trust and is known for his dedication to tiger conservation and his strong stance on balancing development with environmentalism. His investment portfolio (as of 2025) still shows substantial public equity holdings in companies like Sonata Software Ltd. and Alkyl Amines Chemicals Ltd..

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Hemendra Kothari's Timeline


1971:

Joins the family's business in the textiles industry (Early Career).

1980s:

Successfully scales the family's investment business after the nationalization crisis (Executive Ascent).

1992:

Navigates the Harshad Mehta Stock Exchange scam (Market Milestone).

2000 (approx.):

Founds the DSP Wildlife Conservation Trust (Philanthropic Founding).

2006–2007:

Sells stakes in DSP Merrill Lynch (Major Exit).

Ongoing:

Continues as a major investor and wildlife conservationist (Executive Oversight).

Major Business Ventures and Investments


Hemendra Kothari's wealth is concentrated in his founding equity from the sale of DSP Merrill Lynch and his private investment holding, DSP Investment Managers.

  • DSP Investment Managers (Founder & Chairman Emeritus): The major investment banking and asset management group that formed a highly successful two-decade partnership with Merrill Lynch.
  • Bombay Stock Exchange (BSE): His family lineage includes one of the BSE's founders in 1875.
  • DSP Wildlife Conservation Trust (Founder): His major philanthropic initiative dedicated to tiger conservation and wildlife preservation in India.
  • Public Equity Portfolio: He maintains strategic stakes in companies like Sonata Software Ltd. (9.13 percent stake in Q3 2025).

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Philanthropy and Social Impact


Hemendra Kothari's social impact is structural, stemming from DSP Group's role as a foundational force in Indian investment banking and capital markets. His work professionalized the industry and drove significant institutional investment.

His profound personal and structural contribution is his focus on wildlife conservation, where he actively supports tiger preservation and advocates for environmental balance—a legacy he now pursues with vigor after leaving the day-to-day finance world.

Fashion, Style, and Lifestyle


Hemendra Kothari maintains the professional, composed style of a financial executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects stability and intellectual authority, blending finance with his deep passion for nature and conservation.

Residing in Mumbai, India, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, financial governance, and his commitment to wildlife preservation.

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Quotes and Philosophy


“In a successful partnership... the basic principles of working in unanimity and on a consensus basis was critical.”

Fun Facts & Trivia


  • His great-grandfather was one of the founders of the Bombay Stock Exchange (BSE).
  • He co-founded DSP Investment Managers, which had a 20-year partnership with Merrill Lynch.
  • He is known as the investment guru for successfully navigating the 1992 Harshad Mehta scam.
  • He is a major figure in wildlife conservation, dedicating his post-finance career to tiger preservation.
  • He maintains a large stake (9.13 percent) in Sonata Software Ltd. (Q3 2025).
  • He initially worked in the textiles industry before returning to finance.
  • His wealth is tied to the successful professionalization of Indian investment banking.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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