Zensar Technologies and other stocks held consistently by Goldman Sachs over the last 5 yrs

SYNOPSIS: Goldman Sachs India holds 49 stocks worth ₹9,331 crore, maintaining consistent long-term holdings in JK Lakshmi Cement, Zensar Technologies and Spandana Sphoorty over five years.

Goldman Sachs is a global financial powerhouse known for its leadership in investment banking, asset management and securities services. It works with corporations, governments and institutional investors, offering expertise in capital markets, strategic advisory and wealth management. Its influence, scale and deep market insights make it one of the most prominent institutions in global finance.

As per the latest corporate shareholdings filed, Goldman Sachs India Limited publicly holds 49 stocks with a net worth of over Rs. 9,331.0 Cr.

Here are the Stocks Held Consistently by Goldman Sachs Over the Last Five Years

JK Lakshmi Cement Ltd

JK Lakshmi Cement is a well-established player in India’s cement industry, known for its strong presence in the northern and western markets. The company produces cement, clinker and ready-mix concrete with a focus on efficiency and cost optimization. Its expanding capacity, improving logistics and brand strength support steady, long-term growth prospects.

With a market capitalisation of Rs 9,808 crore, the shares closed at Rs 790 per share, increased around 3.62 percent as compared to the previous closing price. Over the last five years, Goldman Sachs steadily increased its stake, moving from 1.09% in 2021 to 1.49%–2.29% in 2022–2024, and further to 2.60%–2.85% in 2024–2025. Shareholding rose from 1.27 million to 3.35 million shares, showing consistent confidence and long-term conviction in the company’s growth and performance.

Zensar Technologies Ltd

Zensar Technologies is an IT and digital engineering company offering services in cloud, data analytics, experience design and AI-led transformation. With a client base across the US, Europe and emerging markets, Zensar focuses on modernising IT infrastructure and building digital products. Its shift toward high-value services is improving growth visibility and profitability.

With a market capitalisation of Rs 16,815 crore, the shares closed at Rs 740 per share, increased around 0.89 percent as compared to the previous closing price. Over the last five years, Goldman Sachs has steadily raised its stake in Zensar Technologies, moving from 1.14% in 2021 to around 1.22%–1.77% in 2022–2024, and further peaking at 2.25% in late 2024. Although holdings slightly dipped to 1.75% in 2025, the long-term trend reflects strong institutional confidence and consistent accumulation.

Spandana Sphoorty Financial Ltd

Spandana Sphoorty is one of India’s leading microfinance institutions, focused on providing small-ticket loans to women entrepreneurs in rural and semi-urban areas. The company supports livelihood creation through group-based lending models. With a strong rural network and improving asset quality, Spandana continues to play a key role in driving financial inclusion and grassroots economic growth.

With a market capitalisation of Rs 2,122 crore, the shares were trading at Rs 265 per share, decreased around 0.15 percent as compared to the previous closing price. Over the last five years, Goldman Sachs has significantly increased its stake in Spandana Sphoorty. Holdings rose from 1.17% in 2021 to around 1.85–1.90% in 2022–2023, before jumping sharply to 2.67–3.68% in 2023–2024 and reaching 3.77% in 2025. The steady accumulation reflects growing confidence in the company’s turnaround and microfinance growth outlook.

Written by Abhishek Singh

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