Passive investor: how faith in the stock market brought an Indian $ 1.5 billion

When Hemendra Kothari became interested in the stock market, it was considered unpromising in India. However, the young investor was sure that the finances of the country, closed from the world, would soon become part of the global financial system,

When Hemendra Kothari graduated from college in Bombay (now Mumbai) in 1967 with a bachelor's degree in commerce, his father advised him not to pursue a career in the securities market, because there was nothing interesting there. The HEAD of the family knew what he was talking about. By that time, the Kothari family had been dealing in securities in India for 140 years. Hemendra's great-grandfather was one of the founders of the Bombay Stock Exchange. However, in the 1960s, the Indian financial market was strictly regulated by the state, so no special breakthroughs were expected there. Few would have thought that Kotari would establish contacts with the largest investment companies in the world.