Hemendra Kothari comes from a family of stock brokers. In fact he represents the fourth generation of his family. He graduated as a commerce student from the university of Bombay. He saw potential in providing corporate finance and banking services to Indian Companies. In 1975, he founded DSP Financial Consultants ltd and it has since grown to be a leading Investment Bank from India. He is the chairman of ITTIL

(Infrastructure Technology and trade india Ltd)

He was the vice president of Stock exchange, Mumbai for three years and he was elected as it’s president in March 1991. He is the promoter and chairman of DSP Merrill Lynch Ltd.

DSP Merrill Lynch Head Quarters is located in Mumbai’s Nariman Point district.

He made a deal of a life time taking home around $500 million US dollars by selling 47.73% stake in in the investment banking joint venture DSP Merrill Lynch to Merrill Lynch. He believes that, had he waited for three more years, then it would have been worth a Billion Dollars! This deal was clinched in December 2005.

In 2008, BlackRock, the largest quoted asset company in the world, head quartered in New York, with a presence in 13 countries, is all set to acquire a whopping 40% of the DSP Merrill Lynch company for an undisclosed sum.

Apart from money making ventures in which Mr. Hemendra Kothari finds himself in most of the times, he is also very concerned about wild life in India and is always ready to do his bit for conserving wild life. Given, the recent increasing poaching activities which had an obvious link to the disappearance of the Indian Tigers, Mr. Kothari along with a few heavy weight industrialists are very concerned and they are all up for supporting the Government as well as the few passionate individuals in any way they can in a bid to save wild life.