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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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.
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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Joins the family's business in the textiles industry (Early Career).
Successfully scales the family's investment business after the nationalization crisis (Executive Ascent).
Navigates the Harshad Mehta Stock Exchange scam (Market Milestone).
Founds the DSP Wildlife Conservation Trust (Philanthropic Founding).
Sells stakes in DSP Merrill Lynch (Major Exit).
Continues as a major investor and wildlife conservationist (Executive Oversight).
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.
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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.
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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“In a successful partnership... the basic principles of working in unanimity and on a consensus basis was critical.”
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+10.57% | +$467.00M
-0.41% | -$9.27M
This profile is compiled from verified biographical and financial records:
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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