The legend of Dalal Street & warren buffet of India -
RAKESH JHUNJHUNWALA
1)Rakesh Jhunjhunwala was born on 5 July 1960 in Hyderabad, Telangana, India, into an educated family.
2)Radheshyamji Jhunjhunwala, his father, was an Income Tax Officer, while Urmila Jhunjhunwala, his mother, was a homemaker.
3)In 1985, Rakesh Jhunjhunwala graduated from Sydenham College as a chartered accountant.
4)As a college student, Rakesh Jhunjhunwala began trading stocks in 1985.
5)His initial capital was Rs 5,000, and the BSE Sensex was 150 points at the time.
3)In 1985, Rakesh Jhunjhunwala graduated from Sydenham College as a chartered accountant.
4)As a college student, Rakesh Jhunjhunwala began trading stocks in 1985.
5)His initial capital was Rs 5,000, and the BSE Sensex was 150 points at the time.
8)Tata Tea was Rakesh Jhunjhunwala's first significant win, where he earned a profit of over 3 times.
9)In 1986, he bought 5,000 shares of Tata tea for Rs 43; A few months later, Tata tea's stock rose to Rs 143, nearly tripling his investment.
10)Rakesh Radheshyam Jhunjhunwala married Rekha Jhunjhunwala in 1987, who is a stock market investor as well.
11)In the Harshad Mehta days, Rakesh Jhunjhunwala was a bear who made a lot of money by shorting stocks post-securities scam in 1992.
12)In 2003, Rare Enterprises was founded. 'Ra' comes from Rakesh's initials, and 'Re' comes from Rekha's, who is his wife.
13)Rakesh Jhunjhunwala acquired Titan Company Limited at an average price of Rs 3 in 2002-03. Currently, it is trading at the cost above of Rs 1700/-.
14)Until last year, ~7.5 Cr shares of the titan are owned by him. He holds 8.45% of the company.
15)As of 2006, Rakesh Jhunjhunwala was investing in LUPIN at an average purchase price of Rs 150. In today's market, LUPIN is trading at Rs 900/-.
16)A global recession hit his stock prices by 30% after 2008, but he eventually recovered in 2012.
17)Some of the other multi-baggers in Rakesh Jhunjhunwala's portfolio are CRISIL, PRAJ IND, Aurobindo Pharma, NCC, etc.
18)Apart from being the directors of big companies like Provogue India, Viceroy Hotels, Prime Focus Ltd, Geojit BNP Paribas financial services, Praj Industries, Concord Biotech, Rakesh Jhunjhunwala is a movie producer as well.
19)The chairman of the Indian digital entertainment company Hungama Digital Media Entertainment Pvt. Ltd., Rakesh Jhunjhunwala, produced such movies as English-Vinglish, Shamitabh, and Ki and Ka.
20)During one interview, Rakesh Jhunjhunwala stated that he earns a lot of money short-selling, that is, selling shares.
21)He was known to be part of a bear cartel led by many marwaris at one point.
22)Crisil (Rs 1,063.2 crore), Tata Motors (Rs 1,474.4 crore), and Titan Company (Rs 7,879 crore) are his most valuable stocks.
23)Rakesh Jhunjhunwala's philanthropic portfolio includes nutrition and education. A quarter of his earnings are donated to charity.
24)He contributed to St Jude, which operates cancer-affected children's shelters, Agastya International Foundation, and Arpan. The organization raises awareness of sexual exploitation among children.
25)In addition to Ashoka University and Friends of Tribals Society, Rakesh Jhunjhunwala supports the Olympic Gold Quest. In Navi Mumbai, he plans to build an eye hospital that will perform 15,000 free surgeries.
26)Rakesh Jhunjhunwala holds 37 stocks in the market as of March 31, 2021. Banking is his area of expertise.
27)Many people consider Rakesh Jhunjhunwala to be the Warren Buffet of India.
28)Mr. Jhunjhunwala claims to be an old-fashioned investor and has no interest in startups.
29)According to Forbes' Rich List, Jhunjhunwala is the 48th richest man in the country with a net worth of more than $5 Billion above.
30)He borrowed money from his brother’s clients and promised to return the capital with higher returns compared with bank fixed deposits.
31)His core holdings are Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, etc.
32)In 2013, he purchased a sea-facing building, comprising six plush apartments, in Mumbai’s upmarket Malabar Hill area owned by Standard Chartered Bank, for Rs 176 crore.
33)Net worth of Rakesh Jhunjhunwala was nearly growing by Rs 60 Cr a week and 240 Cr a month.
34)There is a popular parody blog based on his life, 'The Secret Journal of Rakesh Jhunjhunwala', which was in 2012 revealed by 'The Economic Times.'
35) by 'Forbes' columnist Mark Fidelman contributed to the blog for a year before it was taken over by Aditya Magal.
36)One of his early investments also includes Sesa Goa, which is now called Vedanta Ltd.
37) He had bought almost 400,000 shares of this company which was under severe stress due to the fall in the prices of iron ore.
38)Rakesh loves to gamble, especially on horses. He owns many horses and loves to see them race.
39)"Don’t be afraid to make a mistake. Only ensure you make one that you can afford so that you may live to make another." Says RJ
40) RJ mindset "If a girl is beautiful a suitor will come. If a stock is beautiful, a suitor will come. So I don’t search for suitors when I buy a stock."
🙏
-REGARDS-
Kirthee Bane
