Step aside Radhakishan Damani, Shankar Sharma. Meet Aditya Halwasiya

The rise of operators like Halwasiya epitomises India’s current stock market boom led by unheard-of growth (or manipulation) in small, unheard-of stocks.

Aditya Halwasiya who?

The 29-year-old entrepreneur wasn’t exactly a name to be reckoned with in India’s business landscape until recently. In fact, his tryst with listed companies began in January last year when he bought a Rs 9.5 crore stake and earned a board seat at Apollo Micro Systems, a Hyderabad-based aerospace and defence equipment manufacturer. At the time, his biodata described him as a third-generation entrepreneur of the Kolkata-based Universal-Halwasiya group, which mostly deals in lubricants and oil and has a turnover of Rs 2,000 crore. Nothing to write home about, really. 

But things heated up in September last …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor