Shivanand mankekar biography sample

Prof. Shivanand Mankekar, The Genius Stock Picker With A Concentrated Portfolio

Prof. Shivanand Mankekar’s stock market activities reveal him to be a person with extraordinary skill, vision, conviction and temperament. We explore his investment strategy

Prof. Mankekar (img credit mumbai mirror)

Prof. Shivanand Shankar Mankekar has always been a believer in the merits of a concentrated portfolio with only a few high conviction stocks in it. However, this time he has outdone himself with 70+% of his net worth in a single stock.

When you study the portfolio of Prof. Mankekar, his wife Laxmi Shivanand Mankekar, his son, Kedar Mankekar and company, Om Kedar Investments, three things become apparent. One, the Prof likes to takes concentrated bets on a few stocks. Two, the Prof is not looking for “cheap” stocks. He wants stocks that are proven out-performers and he is prepared to pay the full price for them. Three, the Prof likes to periodically shuffle his portfolio to weed out the non-performers.

Prof. Mankekar made his first big fortune in Pantaloon (now known as ‘Future Retail’), a company promoted by Kishore Biyani. In Biyani’s book “It happened in India” Prof. Mankekar talks about what fascinated him about Pantaloon. He says that when he went to see the ‘Big Bazaar’ mall in Bangalore, he was very excited and he rushed to the hotel, called the broker and asked him to buy 4% of the equity capital of Pantaloon. Interestingly, Prof. Mankekar says that “We didn’t do any of the typical things expected from finance professors, i.e. analyze the balance sheet or meet the management. The simple reason for this was that the Big Bazaar outlet spoke much more, it screamed out that here was a guy who really understood retailing the Indian way”.

Prof. Mankekar also recollects that when he met Kishore Biyani, he told him that Pantaloon would have a market capitalisation of Rs. 1 lakh crore in 13 years. Kishore Biyani did not believe this and laughed it off becau

    Shivanand mankekar biography sample


Prof Mankekar and his Multibagger Portfolio

Printed From: The Equity Desk
Category: Market Strategies
Forum Name: Buffet, Lynch and other legends - Investing Strategies
Forum Discription: DIscuss about the strategies followed by the great investors. Share an idea which would have impressed the masters. Try and bring their International experience into the Indian Markets.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1106
Printed Date: 22/Feb/2025 at 11:02pm


Topic: Prof Mankekar and his Multibagger Portfolio
Posted By: basant
Subject: Prof Mankekar and his Multibagger Portfolio
Date Posted: 25/Jul/2007 at 12:28pm

Prof Mankekar and his Multibagger Portfolio

 

 

Prof. Mankekar and his family have made some of the biggest multibaggers of the Great Indian bull run.

http://www.theequitydesk.com/forum/forum_posts.asp?TID=135 - (100 times) and http://www.theequitydesk.com/forum/forum_posts.asp?TID=224 - (50 times) are amongst his best known bets.

 

The Prof. is media shy (so much so that I could not find his photograph on google) does not want to be in the public domain and like some of the smartest minds in the Indian markets loves to think and act in isolation. He does not come on chat shows, does not provide opinion on Tv but still teaches at the Jamunalal Bajaj Institute in Mumbai.

 

I tried making a list of his portfolio from the stocks that he owns and are disclosed in the public domain. Please note that these are the stocks which are in the public domain and it should be assumed that the actuals might differ because certain purchases would not have been disclosed or if disclosed would have inadvertently been omitted. But this portfolio does give a broad idea of his investing styles and habits.

 

 Rs crores portfolio
Pantaloon Retail (India) Ltd. 5

The most reclusive investor

In April 2012, Mankekar and his wife picked up 4.9% of MT Educare for around Rs 17 crore. The investment triggered excited comment in the virtual world across several investor forums that track ‘Professor’ (could be either Mankekar, depending on the forum) and ‘RJ’ (Jhunjunwala). Since education is a field that’s closely associated with the Mankekars, there was speculation over whether they would interfere with the management of the company.

Mahesh Shetty, chairman and managing director, MT Educare, admits he was worried about this when Mankekar first expressed a desire to meet. But Mankekar assured him that he was a long-term investor, who was not really fussed about falling profits in the short run.

Chhaya Shastri, a director at MT Educare, and the person responsible for meeting investors, adds that “Mankekar sir” does not behave like a typical Indian high net worth investor. “Rather, he’s like a dispassionate foreign institutional investor. He knows what he is doing and where the business is going.” She recalls that at one of the long meetings with Mankekar at the Shivaji Park Barista, he told her the business would be in good shape if revenue grew at 25% to 35% annually. The only time he commented on the business was when Shastri specifically asked him for advice on pricing digital content. “He questioned the idea of pricing online content, when content was free all over the world,” says Shastri. The management took Mankekar’s views seriously, and Shastri says the content was priced significantly lower than they had planned, though she refuses to say what the difference was. Till December last year, the stock had risen 40%, though it has fallen 28% since.

There are some in Mumbai who say it is Mankekar’s credentials as an academic and a conservative Maharashtrian that sometimes opens the doors of Maharashtrian entrepreneurs. Take the Talwalkar family, which has been in the fitness business since the early ’30s, but was a clos

  • Prof. Shivanand Mankekar's stock market

    • Prof who reaped Pantaloon returns bets on Biyani again

    MUMBAI: Shivanand Mankekar, a self-effacing Mumbai professor known for his big stock market bets, is actively buying into Future Group founder Kishore Biyani's comeback story.
    He has mopped up an almost 3% stake in Future Retail and roughly 1% in Future Consumer Enterprises as India's retailing pioneer gets re-rated on the bourses.
    Finance professor Mankekar's recent buys also make him the largest individual shareholder in Future Retail, which operates hypermarket chain Big Bazaar, people directly aware of the matter said.
    Biyani's return from a prolonged debt-restructuring has attracted a few pedigree investors to his stocks, including IT major Wipro's boss Azim Premji, who recently picked up 8% in Future Lifestyle Fashions. Biyani had split his retailing empire into three as part of a restructuring, which saw him offload a few assets like department store Pantaloons to the Aditya Birla group.
    But the stock activity of the enigmatic professor is significant in the ongoing re-rating of the Biyani story. Mankekar was one of the earliest backers of Biyani - he entered Pantaloon Retail India at Rs 9 per share in 2002 - before the investment thesis on Indian consumerism started playing out.
    In Biyani's book 'It Happened in India', Mankekar narrated his betting on the retail entrepreneur. He had little doubts when he rung up the stock broker to buy shares of Pantaloon after visiting a Big Bazaar store in Bangalore. "We didn't analyze the balance sheet or meet the management. The simple reason for this was that the Big Bazaar outlet spoke much more, it screamed out that here was a guy who really understood retailing the Indian way."
    The stock market grapevine suggests that Mankekar rode a bull rally, which peaked at Rs 800 six years later, just before the 2008 global financial crisis set in. This was arguably the first big multi-bagger for a man who bets on a
  • The most reclusive investor Shivanand