Vikas Khemani on ₹0 to ₹10,000 Crore AUM Journey, Leaving Million Dollar Job & Building Wealth

About Guest:Mr Vikas Khemani is the Founder and CIO of Carnelian Asset Management & Advisors Pvt Ltd, he is a visionary leader with a deep passion for building scalable businesses, investing in capital markets, and developing future leaders. With a career that began as an Article Clerk at Lodha & Co, he rose to become the CEO of Edelweiss Capital Markets and Advisory Business Group, overseeing Institutional Equities, Investment Banking, and Prime Broking. Known for his expertise in wealth creation and market strategy, he now leads Carnelian with a focus on smart investing, sustainable growth, and nurturing top-tier talent in the financial sector.In this podcast, we explore the incredible journey of Vikas Khemani, who moved to Bombay with zero connections and went on to build a firm managing over ₹6000 Cr in Assets Under Management (AUM). We will learn valuable lessons on persistence, patience, and innovative thinking in the capital markets as he shares his early struggles, strategic decisions, and eventual success. The discussion delves into his failures, key learning experiences, and how they shaped his investment and business approach. This episode is a must-watch for young aspirants looking to make it big in the financial world, emphasizing the importance of big aspirations, pragmatism, and continuous self-improvement.Timestamps:00:00 Journey from Zero Connections to Leading a Firm03:47 Facing Setbacks and Learning from Mistakes05:03 Building Networks and New Beginnings05:27 Learning and Growing in the Capital Market06:12 Importance of Thinking Differently08:32 Handling Failures and Setbacks09:18 Lessons from Adversity and Moving Forward20:06 Thinking Like an Owner21:14 Building the Derivatives Business21:38 Overcoming Setbacks and Growing the Team22:54 Managing and Learning New Skills23:44 Incubating New Businesses25:00 Turning Around the Investment Banking Business28:05 The Decision to Leave a High-Paying Job29:54 The Challenges of Entrepreneurship31:48 The Financial Sacrifices35:29 Starting Karnalia35:45 The Origin of Carnelian36:25 Choosing the Perfect Name37:38 Initial Struggles and Breakthroughs38:09 The Journey to 200 Crores40:26 COVID-19 Setbacks42:18 Strategic Shifts and New Products48:26 Building Trust and Competence48:48 The Importance of Integrity49:37 Drive and Determination51:23 Wealth Creation Insights53:30 The Bamboo Tree Analogy53:43 The Pitfall of Instant Gratification54:22 Embracing Delayed Gratification54:59 Investing with Patience55:31 Delayed Gratification in Business56:48 Opportunities for Young Indians58:22 Advice for Aspiring Investors01:01:55 Evaluating Companies and Promoters01:04:40 The Importance of Company Culture01:07:06 Rapid Fire QuestionsCredits: Host: Shivank Joshi - https://www.linkedin.com/in/shivankjoshi-2001/Support: Zerodha ( https://zero1byzerodha.com/network )Disclaimer:The views, thoughts, and opinions expressed by the speaker and host are their own and do not represent those of the Exploring Minds platform. The information provided in this podcast is for educational purposes only and does not constitute financial or investment advice. All products and company names mentioned are the property of their respective owners, and their use does not imply any endorsement or opposition.#VikasKhemani #VikasKhemanipodcast #carnelian #amc #portfoliomanagement #exploringminds #shivankjoshi #getrich #money #funds #mutualfund #CarnelianAssetManagement #InvestmentLeadership #CapitalMarkets #BusinessGrowth #FinancialSuccess #Entrepreneurship #LeadershipJourney #MarketInsights #WealthCreation #FinancialAdvisor #StockMarketExpert #AssetManagement #CEOInsights #BusinessLeadership #FinancialSuccess #InvestmentOpportunities #MarketAnalysis #WealthManagement #FinanceGuru #SelfMadeCEO #WealthBuilding #RiskAndReward #DreamBigAchieveBig #HustleToSuccess #MoneyMatters #FinancialFreedom #CEOJourney #LessonsFromTheTop #MillionaireMindset