V-Guard Industries Limited
Kotak Mutual Fund increased its stake in V-Guard Industries from 3.20% to 3.74%. The fund house acquired 23.4 lakh shares during the period, taking its total holding to 1,63,29,940 shares.
A manufacturer of consumer durables and electrical appliances, V-Guard Industries produces voltage stabilizers, water heaters, pumps, geysers, and home electronics for Indian households. Founded in 1977, the company has expanded from a regional South Indian brand to a national player offering a diverse range of thoughtfully engineered products across multiple categories. Its operations span manufacturing, distribution, and retail networks throughout the country.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.