The Journey of Porinju Veliyath: From Beginnings to Investment Maestro
Trader, Investor Porinju Veliyath
Early Days and Childhood:
Porinju Veliyath was born on June 5, 1962, in very middle
class family in Chalakudy Village near Kochi, Kerala, India. Raised in a
middle-class family, he experienced a modest upbringing that instilled in him
values of hard work and perseverance from an early age. Due to his family's
poor financial situation, he began working at the age of 16, and they were
compelled to sell their house to settle their debts. Growing up in Kerala's
vibrant cultural milieu, Porinju developed a keen interest in the world of
finance and investing, inspired by the stories of successful entrepreneurs and
investors.
Schooling and Education:
Porinju's academic journey began in his hometown, where he
attended local schools and displayed a natural aptitude for academics. He
excelled in his studies, particularly in subjects related to commerce and
economics. After completing his schooling, Porinju pursued a degree in commerce
from Mar Ivanios College in Thiruvananthapuram, Kerala. It was during his
college years that his passion for finance and investing began to take shape. While
pursuing his studies, Porinju concurrently worked to support himself. He
managed to earn a law degree from the Government Law College in Ernakulam while
employed at the Ernakulam telephone exchange, where he received a monthly
salary of Rs 2,500.
The Journey of Porinju Veliyath: From Humble Beginnings to Investment Maestro
Early Career and Entry into the Market:
Upon completing his education, Porinju embarked on his
professional journey, initially working in various roles related to finance and
investment. He gained valuable experience and insights into the intricacies of
the stock market, laying the foundation for his future endeavors. Porinju's
early experiences in the financial sector provided him with a solid
understanding of market dynamics and investment strategies.
Porinju Veliyath embarked on his professional journey in
Mumbai, stepping into the world of finance as a floor trader at Kotak
Securities back in 1990. His expertise swiftly caught the attention of Parag
Parikh Securities, where he transitioned into the roles of research analyst and
fund manager, a stint that lasted until 1999. Returning to his roots in Kochi,
Porinju forged ahead and in 2002, established Equity Intelligence, a firm
dedicated to the principles of Value Investing within the realm of Indian Equities.
Founding Equity Intelligence India Pvt Ltd:
In 2002, Porinju took a significant step forward in his career by founding Equity Intelligence India Pvt Ltd, a portfolio management service (PMS) firm focused on value investing in the Indian stock market. With a vision to generate superior returns for his clients over the long term, Porinju established Equity Intelligence as a beacon of integrity and excellence in the financial industry. Under his leadership, the firm has grown to become one of the most respected names in the Indian investment landscape. A few of the first investments of Porinju Veliyath are Geojit financial services, Shreyas shipping etc. Both stocks turned out to be multi-bagger stocks.
Investment Philosophy and Approach:
Porinju Veliyath is renowned for his contrarian investment
philosophy and his ability to identify undervalued stocks with significant
growth potential. He believes in investing in companies with strong
fundamentals, solid management teams, and a clear path to sustainable growth.
Porinju's disciplined approach to investing, combined with his deep knowledge
of market trends and dynamics, has enabled him to deliver consistent returns
for his clients over the years. Porinju Veliyath has earned the moniker of a
small-cap investor, emphasizing his belief that the quality of a business
outweighs its market capitalization. Many of the companies in his portfolio may
not meet the criteria of large institutional investors, yet they have yielded
substantial returns for him over time.
Beyond his financial ventures, Veliyath assumes the role of
director at Arya Vaidya Pharmacy, collaborating with Hindustan Unilever Limited
(HUL) to introduce a line of Ayurvedic personal care products under the
renowned 'Lever Ayush' brand. Ever vocal about his perspectives on Value
Investing and current events, Porinju Veliyath actively engages with a vast
audience, boasting a substantial Twitter following exceeding 1,000,000
admirers.
His net worth in 2020 was around 47 crores and within next 3
years it reached to 225 crores. Currently his portfolio having 13 stocks like
RPSC Ventures Ltd, Duroply Industries Ltd, Aurum Proptech Ltd, Kaya Ltd, Centum
Electronics Ltd, etc. Apart from
investing, Porinju is also involved in organic farming. He holds a 10-acre farm
outside Thrissur city at Chalakudy village.
Legacy and Influence:
Today, Porinju Veliyath's legacy extends far beyond his
accomplishments as an investor. He is widely regarded as a thought leader and
influencer in the Indian financial industry, known for his insightful
commentary, astute market analysis, and commitment to investor education.
Porinju's impact on the investment community is profound, inspiring countless
individuals to adopt a disciplined and long-term approach to investing.
Continued Contribution and Growth:
As he continues to navigate the ever-changing landscape of the financial markets, Porinju remains committed to his mission of creating wealth for his clients and promoting financial literacy among investors. Through his active presence on social media, appearances in the media, and contributions to financial publications, Porinju Veliyath continues to share his wisdom and insights with audiences around the world, leaving an indelible mark on the investment landscape.
