Archive · 21 Nov 2025
India's 'Silent' Warren Buffett Bets ₹1,600 Cr on Two Loss-Making Giants
Akash Prakash, often called India's 'Silent' Warren Buffett, invested in two loss-making companies, Aditya Birla Fashion and Retail (ABFRL) and One 97 Communications (Paytm).
Despite their losses, Prakash's investment firm Amansa Capital bought stakes in both companies.
While ABFRL's share price increased initially, both companies' shares have since dropped.
Investors are watching to see if these bets pay off or not.
Akash Prakash, founder of Amansa Capital, invested in Aditya Birla Fashion and Retail (ABFRL) and One 97 Communications (Paytm)
Both companies are loss-making, raising questions about the investment strategy
ABFRL's share price increased by 41% since November 2020 but dropped between January and November 2025
Paytm's share price dropped from Rs 1,560 at listing in November 2021 to Rs 1,285 as on 20th November 2025
Amansa's holding in Paytm increased from 1.34% to 1.8% between March and September 2025
- Who
- Akash Prakash, founder of Amansa Capital
- What
- Invested in Aditya Birla Fashion and Retail (ABFRL) and One 97 Communications (Paytm)
- When
- In March and September 2025
- Where
- India
- Why
- To generate sustainable returns for clients by identifying high-potential businesses
Skeptics
Believers in Amansa's Strategy
Company Performance
Skeptics
Both companies are loss-making, with no profits in the last 5 years.
Believers in Amansa's Strategy
Amansa's picks are always backed by solid research, and these bets warrant attention.
Share Price Performance
Skeptics
Both companies' share prices have dropped significantly since listing.
Believers in Amansa's Strategy
Long-term growth potential may outweigh short-term losses.
- Investment Amount
- ₹1,600 cr
- ABFRL Stake
- 1.8%
- Paytm Stake
- 1.8%
- ABFRL Market Cap
- ₹9,575 cr
- Paytm Market Cap
- ₹82,174 cr