Goldman Sachs India Limited is a major investor in the Indian stock market, with public holdings in 55 companies and a total investment value of over Rs. 12,185.5 crore. In this article, we take a look at five of the largest small-cap shares backed by Goldman Sachs India, highlighting their key role in the firm’s portfolio.
Here are the top five largest small-cap stock holdings of Goldman Sachs India Limited
1. Newgen Software Technologies Limited
With a market capitalization of Rs. 16,597.06 crore, the shares of Newgen Software Technologies Limited were currently trading at Rs. 1,171.90 per equity share, down nearly 0.36 percent from its previous day’s close price of Rs. 1,176.10.
As of March 2025, Goldman Sachs India Limited holds a total 2.4 percent stake (34.43 lakh shares) in Newgen Software Technologies Limited through its Goldman Sachs Funds. This represents the highest holding value in the company at Rs. 420.4 crore.
Newgen Software Technologies Limited’s revenue has increased from Rs. 375 crore in Q4 FY24 to Rs. 430 crore in Q4 FY25, which has grown by 14.67 percent. The net profit has also grown by 2.86 percent, from Rs. 105 crore in Q4 FY24 to Rs. 108 crore in Q4 FY25.
2. Transformers & Rectifiers India Limited
With a market capitalization of Rs. 14,993.28 crore, the shares of Transformers & Rectifiers India Limited were currently trading at Rs. 499.50 per equity share, down nearly 0.90 percent from its previous day’s close price of Rs. 504.05.
As of March 2025, Goldman Sachs India Limited holds a total 2.6 percent stake (79.33 lakh shares) in Transformers & Rectifiers India Limited through its Goldman Sachs Funds. This represents the holding value in the company at Rs. 408.7 crore.
Transformers & Rectifiers India Limited’s revenue has increased from Rs. 513 crore in Q4 FY24 to Rs. 676 crore in Q4 FY25, which has grown by 31.77 percent. The net profit has also grown by 123.81 percent, from Rs. 42 crore in Q4 FY24 to Rs. 94 crore in Q4 FY25.
3.Gokaldas Exports Limited
With a market capitalization of Rs. 6,686.97 crore, the shares of Gokaldas Exports Limited were currently trading at Rs. 914.80 per equity share, down nearly 2.05 percent from its previous day’s close price of Rs. 933.95.
As of March 2025, Goldman Sachs India Limited holds a total 5.8 percent stake (41.41 lakh shares) in Gokaldas Exports Limited through its Goldman Sachs Funds. This represents the highest holding value in the company at Rs. 394.5 crore.
Gokaldas Exports Limited’s revenue has increased from Rs. 812 crore in Q4 FY24 to Rs. 1,015 crore in Q4 FY25, which has grown by 25 percent. The net profit has also grown by 20.45 percent, from Rs. 44 crore in Q4 FY24 to Rs. 53 crore in Q4 FY25.
4. Zensar Technologies Limited
With a market capitalization of Rs. 19,698.32 crore, the shares of Zensar Technologies Limited were currently trading at Rs. 867.15 per equity share, up nearly 0.61 percent from its previous day’s close price of Rs. 861.90.
As of March 2025, Goldman Sachs India Limited holds a total 2 percent stake (46.13 lakh shares) in Zensar Technologies Limited through its Goldman Sachs Funds. This represents the holding value in the company at Rs. 391.9 crore.
Zensar Technologies Limited’s revenue has increased from Rs. 1,230 crore in Q4 FY24 to Rs. 1,359 crore in Q4 FY25, which has grown by 10.49 percent. The net profit has also grown by 1.73 percent, from Rs. 173 crore in Q4 FY24 to Rs. 176 crore in Q4 FY25.
5. Amber Enterprises India Limited
With a market capitalization of Rs. 21,902.94 crore, the shares of Amber Enterprises India Limited were currently trading at Rs. 6,464.30 per equity share, down nearly 0.98 percent from its previous day’s close price of Rs. 6,528.45.
As of March 2025, Goldman Sachs India Limited holds a total 1.7 percent stake (5.86 lakh shares) in Amber Enterprises India Limited through its Goldman Sachs Funds. This represents the highest holding value in the company at Rs. 388.2 crore.
Amber Enterprises India Limited’s revenue has increased from Rs. 2,805 crore in Q4 FY24 to Rs. 3,754 crore in Q4 FY25, which has grown by 33.83 percent. The net profit has also grown by 19.19 percent, from Rs. 99 crore in Q4 FY24 to Rs. 118 crore in Q4 FY25.
Written By – Nikhil Naik
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