RAKESH JHUNJHUNWALA THE INDIAN BIGBULL
THE MAN OF POWER IN INDIA- RAKESH JHUNJHUNWALA. The legend of the 21st century. Rakesh Jhunjhunwala is A Billionaire by its nature. Born on the 5th of August 1960 a business tycoon and business magnate. A chartered accountant investor and a stock trader. In the late 80’s he started investing. With the initial amount of rupees 5000, he invested in the year 1985. By the next year in 1986, he got his first profit.
JOURNEY OF THE LEGEND
About the journey of Rakesh Jhunjhunwala. Indian-born Warren Buffet or known for his action of a big bull. His father was an income tax officer. Since childhood, he had a clear thought about stock marketing whatever he heard from his father and friends. Hearing it almost every time he once asked his father what the stock market is. White has so many fluctuations.
His father said to read the newspaper to know more about it. After going through a lot in the stock market world Rakesh Jhunjhunwala wishes to pursue it as a career. His father refused and asked him to first graduate.
Rakesh Jhunjhunwala completed his graduation from Sydenham college in the year 1985 as a CA. After graduating he again asked his father to pursue stock marketing. His father agreed to it and also informed him that he is not going to give him any money. Any of his father’s friends.
THE INITIAL DAYS OF THE MAN OF POWER
The actual growth comes from the chaos, not from the order. The big bull of the Indian stock market Rakesh Jhunjhunwala is also the Warren Buffet of India. After getting permission from his father he decided to headlong into Dalal Street in Mumbai and stop starting with the initial amount and by 2018 his capital was around 11000 crore.
Rakesh Jhunjhunwala didn’t ask for money from his father’s friend instead, he asked for some money from his brother’s client. All he promised him to return with a capital higher as compared to the fixed deposit given from the bank. Being a risk takes her from the beginning and with a brain and sharp mind for the stock market.
In the year 1986, he purchased his first Tata Tea shares of rupees 43 with a round of 5000 shares. Later within 3 months, the stock Rose to 143 rupees. The profit for the next 3 years was about 20 to 25 lakh.
Rakesh Jhunjhunwala’s biggest investment in the late ’90s was on sesa Goa. At the initial age bought the stock at Rs 28 and then increased it to 35 rupees. In a few years, the stock traded up to 65 Rupees.
RAKESH JHUNJHUNWALA THE MAN WHO ACEIVED SUCCESS
In the year 2002 Rakesh Jhunjhunwala purchased the stock of Titan Company Limited at rupees 3. Currently, the price of Titan Company Limited is 2140 rupees. The big bull holds 4.4 crore shares in Titan Company Limited. Overall leading up to 5.1% of the company.
Later in years, Rakesh Jhunjhunwala invested in a few big brands like Titan from Tata sesa Goa bridge industries Aurobindo Pharma NCC and crisil. When the Global recession hit our country in the year 2008 the stock prices deteriorated by 30%. After 4 years in the year 2012 eventually things got Undercover and losses were recovered.
A few stocks Rakesh Jhunjhunwala keeps under his portfolio as a multi-bagger. Crisil Praj India NCC, Aurobindo pharma.
A few months back or turn the event of Rakesh Jhunjhunwala made 50 crores in just 8 days and was all over the headlines.
THE WORK CULTURE OF RAKESH JHUNJHUNWALA
The big bull of India Rakesh Jhunjhunwala was extremely bullish on the Indian economy. He also worked on long-term investment with the Indian equity market.. during the time of the Harshad Mehta scam in the year 1992 he made lots and lots of money by just sorting the stock price. He was on the opposing side of the bear carton. With his other colleagues like Manu Manik and RK Damani.
The companies in which Rakesh Jhunjhunwala invested were Rallis India, jubilant life sciences, VIP industries, praj industries, Aurobindo pharma, ion exchange, Aptech limited, NCC, and titan. He becomes the 36th richest man in India. His net income is 5.8 billion. Rakesh Jhunjhunwala had a different mindset about working in this stock world.
He was known as a trader and a futuristic investor. In one of his interviews, he coated a few lines that short-term trading is only for short-term gain and profit.
The long term trading is not only for profit but also for the long-term of capital formation. Trading is what you do to get the money as capital to invest. The trading you can segregate the amount for investment. And it’s important to do many technical analyses before trading or investing. Trading and investment both are different sides of a single coin. Or two different compartments and sections.
FAMILY OF RAKESH JHUNJHUNWALA
Rakesh Jhunjhunwala’s family is very small. In February 1987 he married Rekha Jhunjhunwala. They have one daughter and twin sons. His wife is also the CO owner of their Enterprises which is a privately owned stock for Rakesh Jhunjhunwala himself. Rakesh Jhunjhunwala has also bagged in the airline sector. His airline is known as the akasa airline.
The newest airline founder Rakesh Jhunjhunwala 40% of the share and Aditya Ghosh holds 10% of the share. Aditya Ghosh was the former President of the Indigo Airline. Its tentative date for the induction of the airline is July 2022. To start with the initial low amount inside the country of the domestic flight.
In the later days, Rakesh Jhunjhunwala the iconic person passed away in August 2022. At the time of his death, his holding in titan and watch makes him the richest. It makes him the 438th richest person in the world.
