Konversation with Kushal

In this episode of Konversation with Kushal, host Kushal Lodha sits down with Jiten Parmar, Founder of Aurum Capital, to decode the real playbook of long-term wealth creation in the stock market. From making his first investment in the US markets in 1993 to generating over 29%+ CAGR across decades, Jiten shares powerful insights on identifying multibaggers, the importance of position sizing, and how cycles in business, markets, and the economy truly drive returns.This conversation goes deep into practical investing frameworks, understanding demand-supply cycles, avoiding valuation traps, timing entry and exit, and managing risk through portfolio allocation. Whether it’s spotting a 650x winner, navigating cyclical sectors like capital goods, or mastering the art of selling, this episode is packed with actionable wisdom for both beginners and seasoned investors looking to think differently and build lasting wealth.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, host Kushal Lodha brings out the raw, unfiltered journey of ace investor Piyush Mutha through a deeply engaging and insightful conversation. Known for asking sharp, context-rich questions, Kushal skillfully navigates through the highs of massive wealth creation from early bets like TVS Motors and Force Motors to multi-baggers like Neuland Laboratories and the painful lows of steep drawdowns, including the devastating loss in Vakrangee, where nearly 95% of capital was wiped out. This ensures the audience not only hears the story but truly understands the decisions, mistakes, and mindset behind it. His ability to simplify complex investing concepts and extract practical insights makes the conversation both relatable and valuable for viewers at any stage of their financial journey.Through the discussion, Kushal dives deep into Piyush’s comeback phase, highlighting his high-conviction bets in companies like Laurus Labs, Neuland Laboratories, IOL Chemicals, and Magma (Poonawalla Finance), uncovering how a focus on management quality and long-term vision helped rebuild his portfolio to over ₹100+ crore. The conversation goes beyond just stock names—it breaks down the thinking, discipline, and emotional resilience required to navigate markets, making it a powerful blend of storytelling and actionable investing wisdom.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

What does it really take to succeed in trading and why do 93% of traders lose money? In this episode of Konversation with Kushal, Vivek Bajaj, Founder of Elearnmarkets and StockEdge, shares hard-earned lessons from decades in the markets. From early losses to understanding why discipline, capital, and patience matter more than strategy, this conversation uncovers the uncomfortable truths most traders ignore.We also dive into why options trading can destroy wealth, why you realistically need ₹5 lakh+ to start seriously, and why becoming consistently profitable can take years, not months. If you’re navigating the markets or thinking about trading, this episode will help you avoid the mistakes that wipe out most investors and understand what it actually takes to win.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

Is a 15–25% crash coming in small caps? In this episode of Konversation with Kushal, Nitin Bhasin, Head of Institutional Equities at Ambit Capital, breaks down why small caps may still be expensive, why earnings are not keeping pace, and why many investors could be underestimating the risks ahead. Drawing from over two decades of market experience, he explains how valuations, cash flows, and market cycles are signaling caution.We also explore why markets may stay sideways, the reality behind sectors like quick commerce (Zomato, Swiggy), and how excessive competition can delay profitability. If you want to understand what seasoned investors are seeing right now and how to avoid common mistakes in this phase of the market, this is a must-watch.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, Kushal Lodha speaks with legendary investor Utpal Sheth, Chairman of TRUST Group and former CEO of RARE Enterprises, where he worked closely with the late Rakesh Jhunjhunwala for over 25 years. Utpal shares his journey from a modest childhood with financial constraints to becoming one of India’s most respected investors. He recalls early lessons from his father, the struggles of building a firm from scratch, the difficult decision to sell personal assets to repay investors, and the principles that shaped his approach to markets and life.The conversation dives deep into his investing philosophy. How great investors identify multibaggers, the importance of numbers, narratives and expectations, and the mindset required to hold winning investments for decades. Utpal also shares fascinating stories from his years working with Rakesh Jhunjhunwala, lessons from investments like Titan Company, and frameworks such as Type 1, Type 2 and Type 1.5 investing errors. Packed with insights on investing, leadership, culture and long-term thinking, this episode offers a rare look into how some of India’s greatest investors think and make decisions.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, we sit down with Dr. Indu Shahani, one of India’s most influential education leaders and the founding president of ATLAS SkillTech University. With over four decades of experience in academia and institution building, Dr. Shahani shares incredible stories from her journey in education, including teaching some of India’s most well-known personalities such as Uday Kotak, Rakesh Jhunjhunwala, Ronnie Screwvala, and Karan Johar. Through candid anecdotes and powerful lessons, she reveals what truly makes students successful beyond textbooks.The conversation dives deep into the future of education, entrepreneurship, leadership, and the skills students need to thrive in a rapidly changing world. Dr. Shahani also talks about building modern universities, fostering innovation among students, and why education must evolve to focus on creativity, collaboration, and real-world impact. If you’re a student, educator, or someone interested in how great institutions are built, this episode offers valuable insights from one of India’s most respected voices in education.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#hrcollege #education #karanjohar #rakeshjhunjhunwala #commerce

If you’ve just cleared CA Inter and are confused about where to do your Articleship, this episode is for you. In this candid conversation on Konversation with Kushal, we break down the real differences between Big4 firms, mid-size firms, and small CA firms. From exposure and learning to work culture, stipends, and long-term career impact, our panel of CA articles shares their honest, unfiltered experiences to help you decide which path might be right for you.We also discuss the controversial realities of CA Articleship - is Big4 really worth the hype? Do firms sometimes exploit articles with long working hours and low stipends? And what should students prioritise: brand name, learning, or work-life balance? If you're about to start your Articleship journey, this discussion will give you the insights every CA student wishes they had earlier.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#ca #articleship #big4 #deloitte #kpmg #ernst

In this episode of Konversation with Kushal, we speak with Madurai Veeran, whose journey from earning ₹10 a day as a roadside mechanic to building a ₹14 crore investment portfolio is nothing short of extraordinary. After losing his father young and failing his 10th standard, he started working in a workshop before slowly rebuilding his life through education, working in the Middle East, and learning the power of investing. Through discipline and smart financial decisions, he eventually created multiple income streams that now generate around ₹1.8 lakh per month in passive income. In this conversation, he shares powerful lessons on personal finance, investing psychology, asset allocation, and financial independence. From why Indians overinvest in gold and real estate to how young people should start investing from their first salary, this episode is a practical masterclass in wealth creation. If you want to understand how to move from working for money to owning assets that work for you, this episode offers a roadmap for building long-term financial freedom.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this important episode of Konversation with Kushal, Kushal Lodha speaks with Mahavir Chopra, Founder of Beshak.org, to break down everything young Indians need to know about insurance. From health insurance and term insurance to the most common mistakes people make while buying policies, this conversation explains why insurance is one of the most important financial decisions you can make early in life. The discussion also covers how insurance actually works, how to evaluate policies, and why many people misunderstand the purpose of insurance.Mahavir Chopra also addresses real concerns people have about the industry, including cases where insurance companies reject claims or act unfairly. The episode explains how consumers can protect themselves, what to look for in policy documents, and how to avoid mis-selling. If you want to understand how insurance protects your financial future and why every young professional should take it seriously, this episode is a must watch.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#insurance #healthinsurance #terminsurance #personalfinance #financialplanning #medicalexpenses #insuranceawareness #insuranceeducation #beshak #insurancescam #insurancetruth #claimrejected #financialsecurity

In this powerful 90 minute masterclass on Konversation with Kushal, host Kushal Lodha sits down with Gajendra Kothari, Managing Director and CEO of Etica Wealth (P) Ltd, to break down The Almanack of Naval Ravikant and decode its timeless lessons on wealth, mindset, leverage and freedom. This is not just a book summary. It is a deep and practical interpretation tailored for Indian investors, entrepreneurs and ambitious professionals. From “Seek wealth, not money or status” to building assets that earn while you sleep, the episode explores first principles thinking, ethical wealth creation, active versus passive income, reinvesting in business versus mutual funds and why real wealth begins in your thinking before it reflects in your bank account.Gajendra also shares his personal journey from early career risks to building long term financial independence, and explains how discipline, reading habits, clarity of thought and time leverage shape extraordinary outcomes. If you want to understand how to get rich without depending on luck, avoid status games and design a life of financial and personal freedom, this episode is a must watch.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this insightful episode of Konversation with Kushal, Kushal Lodha speaks with Mr. Swarup Mohanty, Vice Chairman & CEO of Mirae Asset Investment Managers (India), on the future of investing, mutual funds, and India’s economic trajectory. From why Nifty 500 may be more powerful than Nifty 50 to whether Multi-Asset funds could replace Flexi Cap as the core portfolio strategy, this conversation challenges conventional wisdom. They break down asset allocation, SIP flows, gold as a core holding, sectoral opportunities in banking, healthcare, infrastructure and consumption, and why not investing may be a bigger risk than market volatility.The discussion also explores China’s execution model, India’s path from a $4 trillion to potentially an $8 trillion economy, and the psychological mistakes investors make during crashes. Swarup shares personal lessons from 2008 and COVID, retirement planning insights, and why discipline matters more than intelligence in wealth creation. If you want clarity on long-term investing, mutual fund strategy, and building sustainable wealth in India, this episode is a must-watch.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

In this episode of Konversation with Kushal, Kushal Lodha sits down with Mr. Atul Raval, a former government officer who transitioned into full-time investing and built wealth by identifying multibaggers very early. Over decades of disciplined investing, he has consistently spotted companies before they became 100x, 200x and even 300x stories. In this conversation, he breaks down how he studies market cap instead of just price, tracks balance sheet shifts, reads annual reports deeply and looks for operating leverage and sector cycles before the crowd notices them.This is not a tips-based discussion. Mr. Raval explains how conviction is built, how to hold through volatility, when to book profits and how to avoid common retail mistakes. From real case studies like Caplin Point and Jyoti Resins to his framework for spotting emerging themes, this episode is a masterclass in serious long term investing. If you want to understand how multibaggers are actually found and held, watch this till the end.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy #microcaps #multibaggers

In this power-packed episode of Konversation with Kushal, host Kushal Lodha sits down with Mr. Sudhir Bheda, Ace Investor and Founder of the Bheda Family Office, to decode what it truly takes to create real wealth in the stock market. From starting with small capital and turning conviction into crores, Mr. Bheda shares how deep research, understanding cash flows, enterprise value, and market cap helped him identify multibaggers like KPI Green, Zen Technologies, and others. He explains why investing is about buying businesses, not stocks, and how concepts like operating leverage, margin of safety, and management quality separate serious investors from the crowd.The conversation goes beyond stock tips and dives into mindset — why you must avoid lofty valuations, high leverage, and loss-making traps, why F&O is not for retail investors, and why “you can borrow money but you cannot borrow conviction.” Mr. Bheda also shares hard-earned lessons from losses, sector cycles, and spotting inflection points early whether in renewables, defence tech, or specialty chemicals. A masterclass in disciplined investing, risk management, and long-term wealth creation in India’s growth story.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this power-packed episode of Konversation with Kushal, Kushal Lodha sits down with Mr. Kaustubh Belapurkar, Director – Fund Research at Morningstar, to decode mutual fund investing from first principles. From why 75% of investors chase short-term performance… to the shocking “Mind the Gap” study where investors earn far less than the funds they invest in… this conversation breaks down everything you must know before putting money into mutual funds. Risk vs ability to take risk, SIP vs lump sum, index vs active, small cap crashes, sector fund traps, capture ratios, expense ratios, direct vs regular, and how to actually pick the right fund — it’s all covered with data, clarity and zero noise.If you are exploring mutual funds and want to avoid costly mistakes, this is the only video you need to watch. No hype. No blind stock tips. Just clear frameworks, hard numbers and decades of research distilled into actionable insights. Whether you're a beginner or already investing, this episode will fundamentally change how you think about returns, risk and investor behaviour.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this insightful episode of Konversation with Kushal, host Kushal Lodha sits down with Mr. Rajesh Sehgal, Managing Partner at Equanimity Investments, to decode how wealth is really built across public markets, private equity and venture capital. From explaining realistic return expectations in public markets to breaking down what “cheap earnings” truly mean, Rajesh shares a practical investing framework built on management quality, opportunity size, execution capability and downside protection. He also reflects on his learnings from legendary investor Dr. Mark Mobius and how global thinking shapes smart capital allocation.Beyond investing, this conversation explores India’s structural growth story, shifting consumer trends, rising risk appetite among young investors and how to think about asset allocation in volatile markets. Rajesh also shares candid advice for young professionals, CFA aspirants and first-time investors navigating today’s dynamic environment. If you want clarity on building long-term wealth while staying grounded and adaptable, this episode is a must watch.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this insightful episode of Konversation with Kushal, host Kushal Lodha sits down with Varun Gupta, CEO at Groww AMC, for a deep dive into investing, asset allocation, and long-term wealth creation. From starting his journey in school to building a structured mutual fund portfolio, Varun explains in simple terms how to think about equity vs hybrid funds, ETFs vs index funds vs FOFs, small caps vs large caps, gold vs silver, and how to read a mutual fund fact sheet. He also breaks down his QGARP framework and shares practical allocation ideas for young investors starting with just ₹10,000 per month.Beyond investing frameworks, this episode gets personal. Varun opens up about his best and worst financial decisions, why his first real estate investment disappointed him, how he made his first ₹1 crore in his 20s, and the biggest mistakes Gen Z investors are making today. If you want clear thinking, honest lessons, and a structured approach to compounding wealth without chasing trends, watch this conversation till the very end.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

India could have its first 100 billion dollar tech company by 2035. The real question is which one and why. In this episode of Konversation with Kushal, Kushal Lodha sits down with Aviral Bhatnagar to decode how generational companies are actually built. From Eternal and Blinkit to Amazon Prime’s growth playbook, from founder psychology to why speed of execution beats moat, this is a deep dive into the real mechanics of scale. No surface level startup talk. Just hard earned pattern recognition from years inside the ecosystem.Later in the conversation, Aviral reflects on witnessing Meesho turn ₹1 Cr into ₹750+ Cr at Venture Highway and what that taught him about conviction, wedges, and near death moments in startups. Now evaluating 13,500 plus applications at AJVC using a system driven approach, he shares how he filters founders, spots asymmetric bets, and thinks about building long term value. If you care about startups, investing, or understanding how billion dollar outcomes are engineered, watch this till the end.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy #startup #entrepreneurship

In this insightful episode of Konversation with Kushal, host Kushal Lodha sits down with Mr. Neelesh Surana, Chief Investment Officer, Mirae Asset Investment Managers (India), to decode what truly drives long term wealth creation. From managing over ₹2,25,000+ crore to delivering nearly 20% CAGR in large and mid cap strategies, he breaks down stock selection through growth, ROCE, valuation, and margin of safety. The conversation challenges common myths around high PE stocks and explains why a great business is not always a great investment.They also dive into commodity cycles, errors of omission, rolling returns vs point to point returns, mutual fund selection, and smart asset allocation for young earners starting their SIP journey. If you want a practical, process driven framework to invest in Indian markets with discipline instead of hype, this episode is a must watch.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, host Kushal Lodha sits down with Dr. Ankit Shah, a geopolitics expert known for 200+ publicly timestamped predictions across markets, currencies, wars, and global power shifts. This is a no-filter conversation on de-dollarisation, AI-driven job losses, collapsing economic models, and why banking, IT, and white-collar careers are far more fragile than people realise.Dr. Ankit Shah explains how he uses cash flows, historical dates, and body language to anticipate events years in advance, shares his calls on gold, silver, geopolitics, and currency resets, and lays out bold predictions for 2026–2030. Whether you agree or not, this episode challenges mainstream narratives and forces you to confront where money, power, and jobs are really headed.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#geopolitics #india #china #semiconductor #lalsinghchadda #stockmarket #investing

In this deeply insightful and candid episode of Konversation with Kushal, host Kushal Lodha speaks with Tarun Khanna, Professor at Harvard Business School, on careers, entrepreneurship, education, and India’s long-term economic future.The conversation cuts through popular narratives around MBAs and startups, why business school isn’t for everyone, why entrepreneurship is far rarer than social media suggests, and why reflection and structured thinking matter as much as hustle. Professor Khanna explains why many of the most meaningful careers are built outside startup hype, and why there is no single “right” path to success.The discussion goes deep into India’s biggest structural challenge, the middle-income trap, and how underinvestment in science, research, and universities could threaten India’s economic and strategic sovereignty. From climate adaptation and extreme heat to AI, genomics, robotics, and material science, this episode shows how science quietly drives productivity, profitability, and national power, even in businesses as everyday as chai.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#kushallodha #mba #mbajourney #harvard #harvardbusinessschool #ca #cat