7/5/2026, 10:23:02 am

Big Whale Ashish Kacholia pours billions into two newly listed SME stocks

Ace investor Ashish Kacholia has picked stakes in Finbud Financial Services and Indo SMC, boosting focus on fast-growing SME firms. Finbud reported 36% topline growth with zero credit risk exposure, alongside ROCE of 34% and ROE of 35.6%. Indo SMC posted triple-digit growth with ROCE of 47.7% and ROE of 74.5%, aided by India’s rising power infrastructure and capex push.