Rank #2138
Hemendra Kothari
Net worth $2.0B
Financial services · India
- Born
- Aug 26, 1946
- Age
- 79
- Source
- Financial services
- Residence
- Mumbai
- Citizenship
- India
- Marital status
- Widowed
- Children
- 2
- Education
- Bachelor of Arts/Economics, University of Mumbai
Net worth over time
Biography
- Veteran investment banker Hemendra Kothari founded Mumbai-based DSP Mutual Fund in 2008.
- He founded the firm in partnership with BlackRock but bought out BlackRock's stake ten years later.
- Kothari started his career with family firm D.S. Purbhoodas & Co before founding financial services firm DSP Financial Consultants in 1975.
- He partnered with Merrill Lynch in 1995 but sold his 57% stake in tranches between 2005 and 2009.
- His daughter Aditi Kothari Desai is chairperson at DSP.
- A wildlife enthusiast, he founded the Wildlife Conservation Trust and has named meeting rooms at his office after tiger reserves.
- His great-grandfather was one of the founders of the Bombay Stock Exchange.
- His younger brother Yogesh Kothari, founded and runs specialty chemicals company Alkyl Amines.