Radhika Gupta, the CEO of Edelweiss Asset Management, is a prominent figure in India’s financial sector. With assets under her management reportedly exceeding Rs 1 lakh crore, she has built a reputation as a significant player in the industry. Gupta, with a personal worth estimated at about Rs 41 crore, has even made her mark on Shark Tank India as an investor. Despite her impressive financial standing, Gupta remains mindful of how she handles money. Recently, on a podcast, she shared that she still hesitates to buy luxury items, like a high-end car, and continues to enjoy small savings, like those from Zomato coupons.
Reflecting on her upbringing, Gupta shared that she grew up surrounded by peers who were financially better off than her. This left her with some insecurities about money, which took time to overcome. While she feels financially secure today, she still struggles to splurge on luxury items.
“I can’t get myself to buy a luxury car," she admitted during the Money and Mental Health podcast. “I can afford it… every time I get a bonus, I tell myself that I’m going to get a fancy car. But I have never been able to do it," she added.
When asked why she hasn’t purchased one, the Shark Tank India investor attributed it to either her middle-class mindset or her financial background. “I think a car is a depreciating asset," she explained, sticking to the practical views typical of a finance professional.
Gupta also revealed that she still gets excited by the little things, such as using Zomato coupons to save some money. “I get excited about 40 rupees coupons on Zomato," she shared with a laugh.
Watch the full podcast here:
Radhika Gupta further explained during the conversation that while she once felt self-conscious about what people thought of her belongings, those days were behind her. “When I graduated from college and people would say ‘Oh, you don’t have a fancy handbag,’ I would feel insecure about it. Now if people ask why are you driving an Innova, I’ve come to a point where I’m like ‘my choice, my life,’" she said, talking confidently of her decisions.
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