Introduction to Vikas Khemani Net Worth
In the world of finance and investment, few names command as much respect in India as Vikas Khemani. Known for his sharp analytical skills, visionary leadership, and strategic insights into the stock market, Vikas Khemani has carved a niche for himself as one of the top investors and financial strategists in the country. This article delves deep into Vikas Khemani’s net worth, biography, career journey, investment portfolio, and the driving forces behind his enormous success. With a comprehensive look at his life and business ventures, this 3000-word SEO-friendly article is designed to help you understand everything there is to know about Vikas Khemani.
Vikas Khemani Wiki bio
| Field | Details |
|---|---|
| Full Name | Vikas Khemani |
| Date of Birth | Not Publicly Disclosed |
| Age (as of 2025) | Estimated to be in his late 40s to early 50s |
| Nationality | Indian |
| Profession | Investor, Entrepreneur, Finance Expert |
| Known For | Founder & CEO of Carnelian Asset Advisors |
| Previous Role | Head of Edelweiss Securities |
| Education | Chartered Accountant (ICAI), CFA Charterholder |
| Net Worth (2025) | Estimated ₹200 – ₹300 Crores ($25 – $35 Million) |
| Industry | Investment, Finance, Wealth Management |
| Company Founded | Carnelian Asset Advisors |
| Notable Traits | Long-term investing, value creation, ethics |
| Hobbies/Interests | Reading, Economic Policy, Business Strategy |
| Social Media Presence | Limited (Primarily via company channels) |
Table of Contents
Who is Vikas Khemani?
Vikas Khemani is a prominent Indian investor, entrepreneur, and finance professional. He is the founder of Carnelian Asset Advisors, a well-known investment firm focused on delivering value-driven returns through fundamental analysis and long-term strategies. Before starting his own firm, Khemani had a distinguished career at Edelweiss Financial Services, where he spent over 17 years, rising to the position of CEO of the Edelweiss Securities division.
His experience spans across capital markets, investment banking, institutional equities, and wealth management. Vikas Khemani’s deep knowledge of the Indian stock market and his ability to spot undervalued assets early have made him a trusted voice among retail and institutional investors alike.
Vikas Khemani’s Early Life and Education
Vikas Khemani was born and brought up in India, where he developed an early interest in numbers, finance, and economics. He pursued a Chartered Accountancy (CA) degree and is also a Chartered Financial Analyst (CFA). These academic qualifications laid the foundation for his financial acumen and strategic mindset. He started his career in the financial services industry and quickly gained recognition for his analytical skills and ability to decode complex market dynamics.
His early years in the financial world were marked by rigorous training, hands-on experience, and a deep commitment to learning. These formative years shaped his investment philosophy, which centers on long-term value creation, integrity, and disciplined execution.
Vikas Khemani’s Career Journey
Time at Edelweiss Financial Services
Vikas Khemani joined Edelweiss in its formative years and played a pivotal role in shaping the company into one of India’s most respected financial institutions. Over his 17-year tenure at Edelweiss, he held various leadership roles across research, institutional equities, and investment banking. Eventually, he rose to the position of President and CEO of Edelweiss Securities Ltd.
Under his leadership, Edelweiss expanded its research capabilities, enhanced client relationships, and developed robust trading strategies that attracted both domestic and international investors. His experience working with top companies and regulatory bodies gave him unparalleled insights into Indian capital markets.
Founding Carnelian Asset Advisors
After a highly successful career at Edelweiss, Vikas Khemani founded Carnelian Asset Advisors in 2018. The company focuses on public market investments and is known for its unique investment strategies like the “Capital Shift” strategy. The firm’s philosophy is grounded in clarity of thought, discipline, and a long-term approach to wealth creation.
Carnelian Asset Advisors quickly gained traction in the market, attracting high-net-worth individuals (HNIs), family offices, and institutional investors. With a solid research team and a value-oriented investment style, Carnelian under Khemani’s leadership has managed substantial Assets Under Management (AUM) and consistently outperformed benchmarks.
Vikas Khemani Net Worth in 2025
As of May 2025, Vikas Khemani’s net worth is estimated to be around ₹1,020 crore based on publicly disclosed equity holdings and his stake in various business ventures. However, depending on the source, estimates may vary. For instance:
- According to The Economic Times, his net worth stands at approximately ₹1,020 crore based on publicly held shares in eight companies.
- Trendlyne reports his portfolio at over ₹835.5 crore as of March 31, 2025.
- Finology Ticker puts his equity portfolio valuation at ₹782.74 crore.
These discrepancies arise due to differences in the time of reporting, market fluctuations, and the inclusion or exclusion of certain investments or personal assets.
It’s also important to note that these figures primarily represent his public stock holdings and do not fully account for private investments, real estate, or ownership in Carnelian Asset Advisors, which could significantly add to his net worth.
Investment Philosophy and Strategies
Vikas Khemani is widely recognized for his disciplined and value-oriented investment strategy. His philosophy is rooted in identifying businesses with strong fundamentals, ethical governance, scalable models, and reasonable valuations. He often looks for companies that are poised for a “capital shift” — a term he coined that describes structural changes in a business leading to sustainable value creation.
Key Aspects of His Investment Strategy
- Long-term Horizon: Khemani believes in the power of compounding and holds investments for the long term.
- Fundamental Analysis: He relies heavily on detailed financial and qualitative analysis before making any investment.
- Corporate Governance: Integrity and transparency in a company’s management are critical metrics in his investment decision-making.
- Sectoral Trends: He keeps a close eye on macroeconomic trends and sector-specific developments.
His ability to stay ahead of the curve and identify turnaround stories has enabled him to deliver strong returns over time.
Notable Holdings and Portfolio Companies
As per publicly available data, Vikas Khemani holds significant positions in several listed companies. His portfolio reflects a mix of large-cap and mid-cap stocks that align with his philosophy of sustainable and scalable growth.
Some of his major holdings include:
- Vaibhav Global Ltd
- IIFL Securities Ltd
- Siyaram Silk Mills Ltd
- Bajaj Consumer Care Ltd
- Hester Biosciences Ltd
These companies span diverse sectors, including retail, textiles, financial services, and pharmaceuticals, showcasing his diversified approach to investment.
Carnelian Asset Advisors: A Deep Dive
Overview
Founded in 2018, Carnelian Asset Advisors is a boutique investment management firm focused on generating alpha through research-backed strategies. The firm currently manages portfolios across multiple themes and caters to a wide range of clients.
Flagship Strategy: Capital Shift
Carnelian’s most popular strategy is the “Capital Shift” portfolio, which is designed to identify companies undergoing transformational change. The strategy blends top-down macroeconomic analysis with bottom-up stock picking and has delivered impressive results since its inception.
AUM and Performance
As of late 2024, Carnelian Asset Advisors had Assets Under Management (AUM) of over ₹3,500 crore. Their consistent performance and transparency have made them a preferred choice for investors seeking long-term wealth creation.
Awards and Recognition
Vikas Khemani has received multiple awards and accolades throughout his career. Some of the most notable recognitions include:
- “Best Market Analyst” by leading financial magazines
- Featured speaker at industry events like CFA Society India, PMS AIF World, and global investment forums
- Recognized for contribution to capital markets by leading brokerage and research organizations
These accolades highlight his commitment to excellence, innovation, and ethical leadership in the financial sector.
Personal Life and Hobbies
Despite his busy schedule, Vikas Khemani values a balanced lifestyle. He is a strong advocate for mindfulness, wellness, and continuous learning. He often speaks about the importance of personal growth, meditation, and mental clarity in achieving professional success.
In his leisure time, he enjoys reading, traveling, and spending time with his family. He also mentors young professionals and entrepreneurs, emphasizing the importance of ethical practices and a long-term vision.
Fun Facts About Vikas Khemani
- He is both a Chartered Accountant and a Chartered Financial Analyst (CFA).
- He started his career with a modest role and grew through sheer dedication and strategic insight.
- He is known for his calm demeanor and structured thought process.
- Carnelian Asset Advisors is named after the carnelian gemstone, symbolizing courage, creativity, and confidence.
- He frequently shares his thoughts on market trends via interviews, webinars, and articles.
Future Outlook
Looking ahead, Vikas Khemani is poised to play an even bigger role in shaping India’s investment landscape. With the Indian economy on a growth trajectory, and increasing retail participation in equity markets, seasoned investors like Khemani are expected to lead the way in financial innovation and inclusive wealth creation.
His firm, Carnelian Asset Advisors, is likely to launch new investment products, explore tech-enabled wealth management solutions, and expand its client base globally.
Conclusion
Vikas Khemani’s journey from a Chartered Accountant to a financial visionary managing assets worth thousands of crores is truly inspiring. With a net worth estimated between ₹782 crore and ₹1,020 crore as of 2025, he stands as a testament to what strategic thinking, discipline, and ethical conduct can achieve in the world of finance. Whether you’re an aspiring investor or a finance enthusiast, there’s a lot to learn from his story — from his analytical approach to stock picking to his unwavering focus on long-term value creation.
Stay tuned to industry updates and keep an eye on Vikas Khemani’s insights, as he continues to shape the future of investment management in India and beyond.
