Synopsis: In Q1 FY27, Goldman Sachs India made strategic adjustments to its portfolio, including an increased holding in GNG Electronics and ASK Automotive and a reduced stake in CMS Info Systems, Amber Enterprises, Inox India & others.
In Q1 FY27, Goldman Sachs India Limited made several changes to its portfolio by increasing its stakes in some Indian-listed companies and reducing its holdings in others across different sectors. These moves reflect the firm’s regular portfolio rebalancing based on changing market conditions, sector outlooks, valuations, and global investment trends.
While such portfolio adjustments typically attract market attention, they should not be interpreted as direct signals of fundamental concerns but rather as part of the broader, dynamic approach to capital management and investment diversification. According to the latest corporate shareholding disclosures, Goldman Sachs India Limited publicly holds stakes in 39 listed companies, with a total portfolio value of over Rs. 6,950.2 crore. Here are the Q1 adjustments to Goldman Sachs India’s portfolio
Increase Stake
GNG Electronics Ltd
GNG Electronics Ltd is an Indian electronics refurbishment and lifecycle management company. It specializes in repairing, refurbishing, and selling pre-owned laptops, desktops, smartphones, and other IT devices under the “Electronics Bazaar” brand. The company also provides e-waste management, IT asset disposition, and after-sales services to businesses and consumers.
In the June quarter of 2026, the Goldman Sachs India Fund increased its stake in the company from 1.9% in March 2026 to 2.3% in June 2026 by adding a 0.4% stake, which now has a holding value of Rs. 142.9 crore, with ownership of 2,610,881 shares.
ASK Automotive Ltd
ASK Automotive Ltd is a leading Indian manufacturer of automotive components, primarily producing brake shoes, advanced braking systems, aluminum lightweight precision components, and safety control cables. It supplies major two-wheeler manufacturers and original equipment manufacturers (OEMs), with a strong focus on quality, innovation, operational efficiency, and sustainable manufacturing practices.
In the June quarter of 2026, the Goldman Sachs India Fund increased its stake in the company from 2.1% in March 2026 to 2.3% in June 2026 by adding a 0.2% stake, which now has a holding value of Rs. 227.0 crore, with ownership of 4,593,382 shares.
Decrease Stake
CMS Info Systems Ltd
CMS Info Systems Ltd is India’s leading cash management and business services company. It provides ATM management, cash logistics, retail cash solutions, banking automation, and managed services. The company serves banks, financial institutions, and retail businesses through an extensive nationwide network, leveraging technology to improve operational efficiency and secure cash handling.
In the June quarter of 2026, the Goldman Sachs India Fund decreased its stake in the company from 2.8% in March 2026 to 2.6% in June 2026 by trimming a 0.2% stake, which now has a holding value of Rs. 114.3 crore, with ownership of 4,217,064 shares.
Amber Enterprises Ltd
Amber Enterprises India Ltd is a leading Indian manufacturer of room air conditioners and a major original design manufacturer (ODM) and original equipment manufacturer (OEM). It produces air conditioners and critical components for leading brands while expanding into electronics, mobility components, and industrial manufacturing through strategic acquisitions and partnerships.
In the June quarter of 2026, the Goldman Sachs India Fund decreased its stake in the company from 1.4% in March 2026 to 1.1% in June 2026 by trimming a 0.3% stake, which now has a holding value of Rs. 300.4 crore, with ownership of 403,282 shares.
Inox India Ltd
Inox India Ltd is a leading Indian manufacturer of cryogenic storage, distribution, and transportation equipment. It serves industries including industrial gases, LNG, green hydrogen, healthcare, and aerospace. The company designs and manufactures high-quality cryogenic tanks, systems, and engineering solutions, with a strong presence in domestic and international markets.
In the June quarter of 2026, the Goldman Sachs India Fund decreased its stake in the company from 2.2% in March 2026 to 1.8% in June 2026 by trimming a 0.4% stake, which now has a holding value of Rs. 340.8 crore, with ownership of 1,649,798 shares.
Pricol Ltd
Pricol Ltd is an Indian automotive technology company specializing in instrument clusters, sensors, telematics, pumps, and electronic control systems. It supplies advanced automotive components to two-wheelers, passenger vehicles, commercial vehicles, and off-road equipment manufacturers, emphasizing innovation, safety, digital technologies, and global market expansion through strategic partnerships.
In the June quarter of 2026, the Goldman Sachs India Fund decreased its stake in the company from 3.7% in March 2026 to 3.2% in June 2026 by trimming a 0.5% stake, which now has a holding value of Rs. 238.7 crore, with ownership of 3,941,828 shares.
Gokaldas Exports Ltd
Gokaldas Exports Ltd is one of India’s largest apparel manufacturers and exporters. The company designs and manufactures garments for leading global fashion and retail brands. It specializes in high-quality knitwear, outerwear, and woven apparel, operating multiple manufacturing facilities while focusing on sustainability, compliance, and efficient global supply chain management.
In the June quarter of 2026, the Goldman Sachs India Fund decreased its stake in the company from 4.7% in March 2026 to 2.6% in June 2026 by trimming a 2.1% stake, which now has a holding value of Rs. 149.8 crore, with ownership of 1,878,324 shares.
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