05 July 2024
“Successful investing is about managing risk, not avoiding it." This quote perfectly captures the journey of Vijay Kedia, a name synonymous with strategic and insightful investment in India's stock market. From financial struggle to becoming one of India's most revered investors, Kedia's story is one of perseverance, learning, and unyielding optimism. Known for his 'SMILE' investment strategy, Kedia's journey from humble beginnings to becoming a millionaire investor is a beacon of inspiration for many aspiring investors.
Vijay Kedia's initial years in the stock market were fraught with challenges, characterized by a series of setbacks and failures. However, his determination to succeed saw him through these difficult times, using each experience as a valuable lesson. The early 1990s marked a pivotal moment in his career when he made substantial investments in several companies- Atul Auto, Aegis Logistics, Cera Sanitaryware, that eventually became multibaggers, exemplifying the beginning of his rise to prominence.
His investment philosophy is grounded in patience and deep conviction. He focuses on identifying undervalued companies with strong fundamentals and holding onto them for the long term. His approach can be summarized in the acronym SMILE – Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. One should scout for companies which have good management. This strategy has enabled him to identify companies that have shown remarkable growth over the years.