How ace investor Madhu Kela made his first crore from the market

Veteran investor Madhusudan Kela of MK Ventures said that the stock market is not a means to make income, but a "means to create wealth." While speaking with CNBC-Awaaz for its show 'Get Rich', Kela delved into his past and shared how he went on to make ₹1 crore in the first year itself from the stock market.

He shared that when he entered the market in 1992, he was earning ₹12,000 salary at that time, which was more than that of his batchmates.

"For me, the stock market was a medium to have a better living because if I would have gone somewhere else, I wouldn't have received that much money... In 1992, when I got into the market, I was earning ₹12,000 at that time too. None of my batchmates had that much salary," he said.

"So, I got to understand that the stock market is a place where I will get good money, better than working for a manufacturing company or corporate finance. I was fortunate enough to have earned a lot of money in the first year itself," he added.

He said that later he went on to join Motilal Oswal and was lucky enough to have earned ₹1 crore in the first year itself.

"Then I joined Motilal Oswal as a working partner. In the first year itself, we made ₹3 crore. We were one-third partners in it, so we got ₹1 crore... At that time I was fully convinced and even 0.5% doubt that I had in mind was gone," he added.

Noting that people should do a lot of research and in-depth analysis before investing, Kela said that the stock market is "not a means to make income, but a means to create wealth."

In a career spanning around three decades, Kela has become one of the most eminent and seasoned investors in the Indian stock market industry. During 2021-22, he acquired 83.66% of the paid-up equity share capital of MK Ventures via an open offer.