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How 100-Baggers Are Really Created and how to Spot them.
2025 reminded us that markets are noisy, emotional and unpredictable.
But history shows that the biggest fortunes were not made by predicting events — they were made by owning great businesses and letting time do the heavy lifting.
They came from owning ordinary-looking businesses that quietly compounded year after year.
Take a simple example.
A company that grows its profits at 20% a year does not look exciting in any single year. But if that growth continues for 25 years, the business becomes 100 times bigger. And over time, the stock price tends to follow.
That is what we call a 100-bagger
Over the last 25 years, multiple Indian companies have delivered 100× returns.
These include names like Titan, Bajaj Finance, Pidilite, SRF, Shree Cement and TVS Motor etc. They did not become 100-baggers because of one big event. They became 100-baggers because they kept growing steadily for decades.
No hype. No frenzy. No big story.
The fascinating part is this: most of these companies never looked extraordinary in the beginning.

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