Porinju Veliyath is one of the most well-known investor and fund manager of the recent times in Indian stock market. He runs a portfolio management firm ‘Equity Intelligence‘.
From young age of 16 he started working because of the bad financial condition of his family. They have to even sell their house to pay off their debts.
Porinju continued working along with his studies. He earned a law degree from the Government law college, Ernakulam, while working at Ernakulam telephone exchange at a salary of Rs 2,500 per month.
After working in there for couple of years he shifted to Mumbai in search of better career in 1990.
In Mumbai, Porinju joined Kotak Securities as a floor trader. During the 4-years experience at Kotak, Porinju gained a lot of knowledge of share market.
In 1994, he joined Parag Parikh securities as a research analyst and fund manager. He worked there for next 5 years.
However, in the late 1990s, he because quite unhappy with Mumbai life and finally moved to Kochi is 1999.
He then started making investments on his own for the wealth creation and finally started his portfolio management firm ‘Equity Intelligence’ in 2002.
He believes that if the business is good, investors should not care much about the market capitalization. he belives in value investing so when a fundamentally strong share is under performing or in stress he buys it.
he says "Value investing is all about buying rupee worth of assets by paying few paise."
during his trading career many shares gave him multibagger returns.
In 2013-14 when BAJAJ group took decesion to exit force motors many investors also started exiting the share porinju veliyath was watching this closely when every one exiting he entered the share at 420 rupees and within a one and half year share reached to 3000 rupees value.
similarly when workhard was going through tough time he entered the share at 125 rupees and under 2 years share touched the value of 2000 rupees but he had already sold his shares at 1200 rupees.
Orient paper, Balaji amines, Jubliant lifescience, TCI these are the some of the shares which gave him multibagger returns.
when he entered Geojit fianance with 8% share that time Geojits market capitalization was 3 crore and today it is at 3000 crore.
Today Porinju lives in the same house which his family had to sold to pay debt.
Apart from investing, Porinju is also involved in organic farming. He holds a 10-acre farm outside Thrissur city at Chalakudy village.
“I buy lesser-known, high quality businesses to derive maximum portfolio value. I don’t shy away from smaller companies like other ‘knowledgeable people’ do. And I don’t buy a lot of great companies with clean balance sheet, honest management and clear business visibility. If you invest in such companies, even bank FDs would beat your portfolio returns.” – Porinju Veliyath
some the holdings in his portfolio:
