Success Story of Rakesh Jhunjhunwala: The Warren Buffet of India

Are you investing in the share market? Then, of course, you know about the King of Dalal Street, Mumbai. Ok, If I asked you, who is the biggest investor in the World, What is your answer?

I think You said it’s Warren Buffet. Right,

Can you tell me who is the Warren Buffet of India?

Before I tell you who is the warren buffet of India, I want to know from you, what is the difference between trading and investment. Are you a trader or investor?

Most people think investing and trading are the same. But, That’s not true. According to Mr. Rakesh Jhunjhunwala Trading and Investing are totally different. What, are you thinking, who is the Rakesh Jhunjhunwala, yes He is “The Warren Buffet of India” or Also Known as “The Big Bull”.

He is the person, who convert 5000 rupees into 19000 Crores Rupees. How, here is his success story.

In the year 2020, according to Forbes, He is the 54th richest person in India. Do you interested to know, how he become the 54th richest person in India. If Yes, Let’s Start,

Rakesh Jhunjhunwala Wiki

A 61-year-old man is born on 5 July 1960, Hyderabad, Telangana, India. Radheshyamji Jhunjhunwala is the father of Big Bull. His father was an Income Tax Commissioner and an investor in Stock Market. His Mother Urmilla Jhunjhunwala was a homemaker. His wife Rekha Jhunjhunwala also a stock invester.

Rakesh Jhunjhunwala family has one brother and two sisters, Rajesh Jhunjhunwala, Sudha Gupta, and Neena Sanganeria. Mr. Jhunjhunwala has two sons (Aryaman Jhunjhunwala and Aryaveer Jhunjhunwala) and a Daughter Nishtha Jhunjhunwala.

Jhunjhunwala completed his graduation (B.Com) from Sydenham College of Commerce and Economics. After that, for CA Degree, he joined the Institute of Chartered Accountant of India.

Mr. Radhekishan Damani is the Mentor of Mr. Jhunjhunwala. Mr. Damani is the person who started DMat.

Name Mr. Rakesh Jhunjhunwala
Date of Birth 5 July 1960
Birth Place Hyderabad, Telangana, India
Age 60 years
Father’s Name Mr. Radheyshyamji Jhunjhunwala
Mother’s Name Mrs. Urmilla Jhunjhunwala
Spouse Mrs. Rekha Jhunjhunwala
Sibling Brother: Rajesh Jhunjhunwala

Sister: Sudha Gupta and Neena Sanganeria

Rakesh Jhunjhunwala Children Son’s: Aryman and Aryaveer Jhunjhunwala
Daughter: Nishtha Jhunjhunwala
Education B. Com, Charted Accountant
College Sydenham College of Commerce  and Economics

The University of Chartered Accountant of India

Nationality Indian
Profession Investor, Trader, and Businessman
Also Known as “Big Bull” and “The Warren Buffett of India”
Net Worth 4.3 Billion Dollars (In Indian More than 19000 Crores Rupees)
Residence Malabar Hill, Mumbai

Rakesh Jhunjhnwala said He saw his father and their friends talk about the stock and share market. They will talk about the prices and up/downs of shares. When he is 9 years old, he always asked his father, “why the price of a share of the company varies every day”. His father told him, Read the everyday newspaper and you will get your answer. That was the day, his interest in the share market is increasing day by day as he reading.

Success Story of Rakesh Jhunjhunwala

In 1985, he invest 5000 rupees, that time Sensex was only 150 points. But, nowadays Sensex has crossed 50,000 points. His father Mr. Radheyshyamji Jhunjhunwala told him do not to ask your friends for the investment. But, He did not agree with his father’s opinion.

Soon, He gets clients, who are ready to invest money at a return of 18%. He bought shares of Tata Tea at 43 rupees and sold the shares of Tata Tea at 143rupees. Mr. Jhunjhunwala invested that profit in Bata, Apollo Hospitals, Bharat Electronics, and Sesa Goa. He got 20 to 25lakh profit, in the period of 1986-1989.

Mr. Rakesh Jhunjhunwala’s best investment is in Titan Company. He bought titan’s share at 3rupees, Nowadays, Titan’s shares’ worth is approximately 1500 rupees.

He also bought Lupin Limited shares at 150 rupees. Right now, the price is approximately 975 rupees. I think this is the biggest investment of Rakesh Jhunjhunwala, which gives him a huge amount of returns.

He proofs his patience in the year of the market recession in 2008. When everyone is selling, he is the only person who believes that the market will rise again. He always said,

“Always Go Against Tide. Buy When Others are Selling and Sell When others are buying”.

Rakesh Jhunjhunwala Company

He is the Chairman of Hungama Digital Media Entertainment Private Limited. Even, he produced some movies like Ki & Ka, English Vinglish, and Shamitabh.

He is also a Member of the Board of Directors of Various Big Companies like Prime Focus Limited, Praj Industries, Geojit BNP Paribas Financial Service, Concord Biotech, etc.

He also runs “Rare Enterprises”, which is an Equity Firm.

Mr. Jhunjhunwala Said, Balance Sheet is like a Bikni, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.

Rakesh Jhunjhunwala Books

No book is written by Mr. Rakesh Jhunjhunwala. But, a book is available in the market which is written on India’s Biggest Investor, that book is “Rakesh Jhunjhunwala: The Indian Dream” by Angela Momandian.

This book gives you complete knowledge about how Mr. Jhunjhunwala become a billionaire.

He is said, You can not make money on borrowed knowledge.

Net Worth of Rakesh Jhunjhunwala

37 stocks hold by Mr. Rakesh Jhunjhunwala. The net worth of these stocks is approximately 19000 crore rupees.

Before End this article, I want to share Some Quotes said by Mr. Rakesh Jhunjhunwala,

Markets are like Women-always commanding, mysterious, unpredictable and volatile.

Prepare for Losses. Lossess are part and parcel of stock market investor life.

When opportunities come, they can come through technology, marketing, brands, value protections, capital, etc. You need to be able to spot those.

The Prettiest part of the Stock is that it has to be cheap-the entry point.

Markets may in the short-term correct. But in a Bull Market the correction is always sharp, swift and short-lived.

If I have fever, I take Crocin but my wife and mother calls doctor. Similarly, investing is not something which a doctor or a lawyer can really understand. Take professional advice, plan.

I hope, you loved this article. I covered all the information related to Mr. Rakesh Jhunjhunwala. If you want any other information related to it, Write your message in the comment box or you can email me at: info@trickyedu.com

 

 

 

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