Early Life
Hemendra Kothari was born in Mumbai, India, on August 25, 1946. He graduated from Sydenham College in Mumbai with a degree in Economics and Arts. Initially, his father advised him against entering the stock market. Kothari began his professional career at the age of 22, working in the textile sector at Morarji Mills, where he gained experience in various aspects of the business.
Rise to Success
Kothari entered the family business of investment banking, carrying forward the family legacy. He started with the family firm D.S. Purbhoodas & Co. In 1975, he founded DSP Financial Consultants Ltd. He later partnered with Merrill Lynch, forming DSP Merrill Lynch Ltd. He served as Chairman of DSP Merrill Lynch until 2009, selling his remaining stake in the company. Kothari is currently the chairman of DSP Investment Managers, an independent Indian asset management company with $15 billion in assets under management.
Key Business Strategies
Kothari's success is attributed to his ability to spot trends and seize opportunities. He formed partnerships with US giants like Merrill Lynch. He has focused on creating a professionally managed fund. He is also known for building strong relationships, fostering mutual trust, and adapting to changing market dynamics.
Philanthropy
Hemendra Kothari is actively involved in philanthropy, particularly in wildlife conservation. He founded the Wildlife Conservation Trust in 2002 and the Hemendra Kothari Foundation. His initiatives include supporting education, healthcare, and community development. He has pledged his personal wealth for philanthropic endeavors and supports over 200 NGOs.
