Waaree Energies, SAMHI Hotels: Madhusudan Kela and family exit companies; key details

At the end of the March quarter shareholding data, Madhuri Madhusudan Kela owned a 1.16% stake in Waaree Energies and a 1.69% holding in SAMHI Hotels.

In addition, Madhusudan Kela also trimmed its stakeholding by offloading 94,672 shares, or a 0.31% stake, in financial services company Choice International in the April-June quarter.

The combined value of the stake sale in these three companies stood at around ₹1,132.10 crore.

The stake in SAMHI Hotels was valued at around ₹83.24 crore, and the holding in Waaree Energies was worth around ₹1,049 crore.

Madhusudan Muralidhar Kela is an investor and entrepreneur who founded MK Ventures in 2018. He also founded Invexa Capital, a portfolio management venture. Prior to that, Madhusudan was a former head of equities at Reliance Capital.

His wife, Madhuri Kela (also known as Mahi Madhusudan Kela), co-manages their investment portfolio and is an active investor in her own right.

Madhusudan Kela publicly owned stakes in 14 companies, including Choice International, Prataap Snacks, and Mkventures Capital—where Madhu Kela is the promoter—with a combined net worth of Rs 2,870.52 crore as of July 29, 2025.

"The share sale indicates a reshuffle in one of the country's most closely followed individual portfolios. However, the family has not issued any official statement on the reasons behind the divestments," the report said.

About Waaree Energies

Waaree Energies is one of India's leading renewable energy companies, having an installed capacity of 15 GW for solar PV modules globally (including 1.3 GW of Indosolar and 1.6 GW in Texas, USA). The company also has a 1.4 GW cell manufacturing facility with an expansion capacity of 5.4 GW.

About SAMHI Hotels

SAMHI Hotels is one of India's leading hotel owners and asset management companies. SAMHI has leading brands and hotel operators, namely, Marriott, IHG, and Hyatt. It has a portfolio of 32 operating hotels comprising 4,948 keys and has a diverse geographic presence in 14 cities across India, including Delhi, Bengaluru, Hyderabad, Chennai, and Pune.