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A student of Chartered Accountancy looking to explore new ventures.

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Rakesh Jhunjhunwala

Inspiration

Rakesh Jhunjhunwala, conjointly referred to as The Big Bull of the Indian Securities Market is one among the foremost successful stock investors in Indian history, in keeping with the latest updates of Forbes, his net worth is a whopping $3.2 Billion.

Let’s have an insight into his success story: -

CHILDHOOD: -

Rakesh Jhunjhunwala was born on 5th July 1960 in Mumbai in a Marwari family. His father was an officer in the Income Tax Department.

He was very interested in stock markets from a young age since he used to hear his father talk about the stock market with his friends. He once asked his father about the reason for the fluctuations in the prices of stocks and he was suggested by his father to read newspapers because news affects the prices of stocks. He expressed his urge to pursue a career in the stock market but his father asked him to first get a graduation degree from the college. Rakesh Jhunjhunwala graduated from Sydenham College in 1985 as a Chartered Accountant.

After graduation, he discussed his career goal with his father again and he was told that he could pursue whatever he wanted but he won’t be given any money by his father.

ENTERING THE STOCK MARKET WORLD: -

MR. Rakesh Jhunjhunwala entered the stock market with an investment of Rs. 5,000. At the time he entered the market, SENSEX was at 150 points which are currently hovering at 35,000 points. He was able to arrange Rs. 2.5 lacs from one of his brother’s clients to invest in the stock market. His first investment was in TATA Tea whose price was Rs.43 and in a small period of just 3 months its share price soared up to Rs.143, making a return of over three times and made him earn a profit of 0.5 million in the year 1986.

After his first investment, he made many good profits from stocks and he earned Rs. 20-25 lacs. After the TATA Tea, his next big investment was in Sesa Goa, which he bought at just Rs. 28 and then increased his volume of investment in the same share at Rs. 35 and the share rallied to a price of Rs. 65.

HIS CURRENT POSITIONS: -

He is currently the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of Prime Focus Limited, Geojit Financial Services, Provogue Pvt. Ltd., Nagarjuna Construction Company, Concord Biotech Ltd., Praj Industries Ltd., Bilcare Ltd. and Mid-day Multimedia Limited.

He also invested a sum of Rs. 26 crores in A2Z Maintenance but he suffered a fall in his stake in December 2011 by up to 30% and he recovered from these losses in February 2012 and he had to trim down his portfolio to one-third due to such losses.

As of 2020, his biggest investment is in Titan Company which is worth Rs.4,758 Crores.

NATURE OF INVESTMENT AND HIS PORTFOLIO: -

Rakesh Jhunjhunwala is extremely bullish and believes in keeping the stock markets up. He is a real inspiration for young and old investors. 

  • Titan Ltd. – 5,77,51,220 shares
  • Crisil Ltd. – 39,65,000 shares
  • Escorts Ltd. – 1,00,00,000 shares
  • Lupin Ltd. – 70,70,605 shares
  • Federal Bank Ltd. – 6,07,21,060 shares
  • Delta Corp Ltd. – 2,00,00,000 shares
  • NCC Ltd. – 6,23,33,266 shares
  • Rallis India Ltd. – 1,89,80,820 shares
  • VIP Industries Ltd. – 75,00,400 shares
  • Jubilant Life Sciences Ltd. – 55,00,000 shares

APPEARANCES OF HIS CHARACTER: -

Like the Fake Steve Blog, there s a popular parody blog called The Secret Journal of Rakesh Jhunjhunwala that parodies his life in a very humorous life. His character has also been shown in the web series SCAM 1992 which has been played by actor Kavin Dave.

INSIDER TRADING: -

The SEBI has shot off a show-cause notice against the billionaire investor for insider trading in the shares of Aptech Company which is an IT education and training firm owned by his family and him.

The notice read that SEBI plans to order a freeze on the bank accounts of Jhunjhunwala and to the extent his relatives have been benefitted.

MOTIVATION WHICH CAN BE DERIVED: -

He is a true inspiration for every person who wishes to invest in the stock market. His investments have grown ever since he joined the market from Rs. 5000 to Rs. 20,700 crores now. He has independent thinking and doesn’t get influenced by what others think. Mr Radhakrishnan Damani and his father are the two people whom he believes to have made a long-lasting impact on his life. Now he has such a great influence in the stock market that the shares he invests in soar to great heights in a very short span.

The following words of Mr Jhunjhunwala are a treasure for stock enthusiasts: -

Investing is not easy, and it requires full attention. The biggest mistake people make is to blindly expect good returns. The proof of the pudding is in the eating. Thus, get inspired by the ace investor, Rakesh Jhunjhunwala and happy investing to you!


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