Upstox delivers 23,000% returns to Ratan Tata as veteran investor & industrialist sells 5% stake

Upstox recently concluded a share buyback of 5% of industry stalwart Mr. Ratan Tata’s holdings in the firm, returning 10x on his original investment as realised capital.

After this sale, Mr. Ratan Tata continues to hold 95% of his stake in the company.

Mr. Tata’s stake in Upstox has registered a whopping 23,000% return on the original investment made in 2016, based on Upstox's last round valuation of $3.5 billion.

"This achievement reflects our dedication to building value for everyone involved—our investors, partners, and most importantly, our users," Upstox said in its official release. 

Commenting on the occasion, Upstox co-founder Kavitha Subramanian said, “We are particularly honoured that Mr. Tata, a respected and iconic figure in India, has been such a key part of our journey. His early belief in our vision was a huge vote of confidence, and his challenge to us was both simple and profound: ‘How can we offer the same top-quality wealth advice to the everyday Indian that wealthy individuals receive?’ This question has been at the heart of everything we do at Upstox.”

“That vision inspired the creation of Upstox Wealth, a platform designed to give every Indian access to the best financial tools and advice—no matter their background or investment size. We believe that everyone deserves the opportunity to grow their wealth, not just the privileged few. Our mission is to deliver strong returns for all our investors, and we’re proud to say that today we’re able to return part of Mr. Tata’s investment," Ms. Subramanian added. 

Even after this, Ratan Tata continues to hold the majority of his stake with Upstox, showing his continued belief in our mission, the release added.

Upstox said it is committed to providing every user the opportunity to take control of their wealth through its easy-to-use platform and expert advice.

Upstox was founded in 2009 as RKSV Securities by Ravi Kumar, Raghu Kumar, Shrini Viswanath, and Kavitha Subramanian. The founders' goal is to provide an investment platform for retail traders and investors in India. 

At the helm of Upstox, Ravi is responsible for overseeing key business decisions and driving corporate strategy. Ravi holds a degree in Computer Science from the University of California–Irvine.