Ridham Desai is presently the Managing Director at Morgan Stanley India. We learn about his salary, net worth, age, portfolio and other details.
Ridham was born in the year 1968. He is about 50 years old. However, he has a youthful and cheerful disposition which makes him look much younger than his years.
He is one of the youngest persons to have been given such high responsibility at Morgan Stanley.
Ridham obtained his Bachelor of Engineering degree in Civil Engineering from Mumbai University. Thereafter, he did his Master of Business Administration (MBA) from Welingkar Institute of Management in Mumbai.
He specialized in finance. The MBA course was completed in the years 1990 – 1992.
He is also a rank holder Chartered Accountant (CA). He did his CA course study at JK Shah Classes.
Ridham started his career as a Software Engineer. Later, he developed a deep interest in equities and joined UBS Investment Bank as an equity analyst.
In 1997, Morgan Stanley, the global investment banker, offered him a job as an equity strategist.
Desai has stayed with Morgan Stanley over several years. He has been promoted to very posts from Co-Head of equities to Equity Strategist for India to Head of India Research. He is serves as the Managing Director.
He has spent more than 20 years with the investment banking house.
Ridham Desai’s salary is around Rs. 8 crore per annum before taxes. This level of salary is normal for persons occupying high positions in global investment banks.
Ridham Desai’s net worth can be estimated to be close to Rs. 50 crore given his high level of salary. He has also made very sensible investments in equity stocks. These have contributed to increasing wealth in his portfolio and have led to the increase in net worth.
Hobbies and Interests
Desai has a deep interest in Formula 1 car racing. He is also known to be an avid listener of music of all genres such as Rock, Pop and classical.
He is also very particular about fitness and does daily exercise and jogging to keep himself looking slim and trim.
Ridham is a prolific writer. He writes on aspects relating to Indian stock markets.
One of his popular articles is on How To Be An Ace Stock Picker published in Bloomberg.
In this article, he has explained how to pick stocks that have the potential to give multibagger gains to investors.
Another popular article relates to Timing The Market Versus Time In The Market in which he has explained why investors require to stay invested in stocks and are making a mistake by losing patience.
Ridham Desai’s interviews are a pleasure to watch because he explains every point with utmost clarity and with reference to data.
He comes periodically on all the major TV channels such as ET Now, CNBC TV18 and Bloomberg to provide insights as to the state of the market.
One of his latest and popular interviews is the one where he appeared on CNBC TV18 with Madhusudan Kela in the context of the Reliance Mutual Fund function.
Inspirational Speech by Ridham Desai
JK Shah Classes had organised a Rankers’ Felicitation on 29th November 2015 in Mumbai.
The function was attended by 212 All India Rankholders from JKSC across CPT, IPCC and Final CA.
Desai was the Chief Guest of the function.
He delivered an inspiration speech on matters relating to the CA profession, which was much appreciated by the distinguished audience.
Ridham Desai prepares the model portfolio for Morgan Stanley clients.
In the latest portfolio, he has suggested an investment in stocks like IndusInd Bank, Reliance Industries, Jubilant Foods, HCL Technologies, Bharat Financials, Glenmark Pharma, M&M, and Bajaj Auto.
Some of the stocks are described as having ‘growth at a reasonable price’ which means that they are potential multibagger stocks.