• Sat. Jun 10th, 2023

Meet Sankarsh Chanda, a 23-year-old prodigy with a net worth of Rs 100 Crore

Sankarsh Chanda founded a fintech start-up named Savart.

Sankarsh Chanda founded a fintech start-up named Savart.

Sankarsh Chanda started investing in the stock market with just Rs. 2,000 when he was 17 years old.

Any discussion of veteran stock market investors will be incomplete without the names of stalwarts like the late Rakesh Jhunjhunwala, Radhakishan Damani, Vijay Kedia, Ashish Kochalia and Dolly Khanna. However, there are also many young investors who, despite being relatively newbies, have made their fortunes through stock trading. One of them is 24-year-old Sankarsh Chanda from Hyderabad who made Rs 100 crore in the stock market. His name is now part of the list of the greatest investors in the world.

Call it fate or sheer luck, Sankarsh didn’t have to go through the initial period of losses that almost all investors go through. He started investing in the stock market with just Rs 2,000 when he was 17 years old. It was during this time that he was pursuing a B.Tech in Computer Science at Bennett University (Greater Noida). However, he took a sabbatical from his studies to pursue his dream of being a stock market investor. In an interview with DNA, he said, “I invested around Rs 1.5 lakh in the stock market in 2 years and the market value of my shares grew to Rs 13 lakh in those 2 years.”

Sankarsh not only invests in the stock market, but he is also an entrepreneur. He founded a fintech startup named Savart or Svobodha Infinity Investment Advisors Private Limited. According to Sankarsh, his interest in the stock market was sparked after reading an essay by US economist Benjamin Graham.

His business generated Rs 12 lakh in revenue in its first year, Rs 14 lakh the following year, Rs 32 lakh the following year and Rs 40 lakh in the 2020-21 financial year.

Financial Nirvana, a book written by Sankarsh, released in 2016, draws the line between business and investing. In addition, it guides you on how to understand the market and diversify your investments. Sankarsh advises readers who want to learn more about money and investing to read three books: The Smart Investor, Security Analysis, and The First Three Minutes of the Universe.

Read all the latest business news, tax news and stock market updates here


Leave a Reply

Your email address will not be published. Required fields are marked *