Rakesh Jhunjhunwala most famously known as Indian version of Warren buffet.He holds net worth more than 19,000 crore.
Rakesh Jhunjhunwala was born on 5th July 1960 in Mumbai. His father was a government servant working in a income tax department. from his child hood rakesh jhunjhunwala had curiosity about share market, but he had to wait till his graduation completion as his family insisted to focus on his studies.
he graduated from Sydenham College in 1985 as a chartered accountant.
when rakesh jhunjhunwala entered into sharemarket that time sharemarket sensex was at 150 points merely with 5000 rupees began his journey in sharemarket Rakesh Jhunjhunwala managed to convinced one of his brother’s clients by promising to give higher returns compared to the fixed deposits and generated initial capital of Rs 2.5 lakh rupees.
Rakesh Jhunjhunwala’s first big profit was Rs 5 lakh in 1986. He bought 5,000 shares of Tata Tea at Rs 43 and within 3 months it was trading at Rs 143. He made a profit of over 3 times by selling the stocks of Tata tea.
Between 1986-89, he earned Rs 20-25 lakhs. His next big investment was Sesa Goa, which he initially bought at Rs 28 and then increased his investment at Rs 35. Soon, the stock rallied to Rs 65. with every passing year Mr rakesh jhunjhunwala keep on achieving more and more success.
Rakesh Jhunjhunwala has established his privately owned share trading firm called "RARE Enterprises".
There are number of trades which gave Mr rakesh jhunjhunwalla multibagger return like in 2002-03, Rakesh Jhunjhunwala bought "Titan Company Limited" at an average price of Rs 3 and currently it is trading at a price of Rs 1003.
In 2006 he invested in LUPIN and his average purchase price was Rs 150. Today, LUPIN is trading at Rs 900.
his success streak still continues
“Passionate investors always make money in stock markets. You will never fail in any work if you do it with passion.” – Rakesh Jhunjhunwala
Some of the top holdings in Mr Rakesh jhunjhunwala's portfolio:
Many investors today also follow him and closely monitor his portfolio because he is being called "big bull" in Indian sharemarket.