An amazing story about a 23-year-old Indian stock market prodigy from Hyderabad, who began investing at the age of 17 and now has a net worth of Rs100 million!
Sankarsh is the creator of Savart, a fintech business that enables customers invest in stocks, mutual funds, and bonds. Svobodha Infinity Investment Advisors Private Limited is the registered name of his company.
After dropping out of Bennett University (Greater Noida), where he was in his second year of Btech Computer Science, he founded Savart in 2017 with an investment of Rs 8 lakh.
According to a report in TheWeekendLeader, he stopped his studies to focus full-time on stock trading, and he currently employs 35 people in his fintech firm.
After completing his Class 12 at Slate – The School in Hyderabad, he began investing in the stock market in 2016. He began with Rs 2,000 and increased his investment over the next two years.
“I invested roughly Rs 1.5 lakh over a two-year period,” he reportedly claimed. In two years, the market value of my shares had risen to roughly Rs 13 lakh.”
According to TheWeekendLeader, he then sold shares worth Rs 8 lakh to launch his company in 2017 and maintained the balance of the money in the market, continuing to invest from his revenues through his startup.
“I now have a net worth of Rs 100 crore.” “It’s not just my stock market investment; it’s also based on the valuation of my firm,” says Sankarsh, 23, who became interested in the stock market at the age of 14 after reading an article by American economist Benjamin Graham, known as the “father of value investing.”
Sankarsh enjoys living a simple life despite the fortune he has amassed at such a young age.
Sankarsh, who prefers to spend much of his time in a t-shirt and shorts, says, “I rarely convert my equities into cash since I am less attracted to materialistic living.” “I only put on formals when I have to go to a show or give a presentation.”
