Rakesh Jhunjhunwala: The Warren Buffett of India and Dalal Street Legend

Who is Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala is a renowned Indian investor and trader who has achieved legendary status on Dalal Street, the financial hub of India. Born on July 5, 1960, in Mumbai, Jhunjhunwala is often referred to as the "Warren Buffett of India" due to his exceptional investment acumen and wealth creation abilities.

Becoming the Dalal Street Hero

Jhunjhunwala's journey to becoming a Dalal Street hero started with humble beginnings. After completing his graduation in commerce from Sydenham College and then pursuing a Chartered Accountancy course, Jhunjhunwala began his career in the stock market in the early 1980s.

He started with an initial capital of only ₹5,000 and gradually built his wealth through astute investments and trading strategies. Jhunjhunwala's ability to identify undervalued stocks and hold them for the long term has been a key factor in his success.

Over the years, Jhunjhunwala has accumulated significant wealth and has become one of the most successful and respected investors in India. His net worth is estimated to be around $3 billion, making him one of the richest individuals in the country.

Rakesh Jhunjhunwala's Investments

Jhunjhunwala is known for his diverse investment portfolio, which spans across various sectors. He has invested in both public and private companies, and his investments have yielded substantial returns over time.

Some of Jhunjhunwala's notable investments include:

• Titan Company: Jhunjhunwala's investment in Titan Company, a leading Indian consumer goods company, has been one of his most successful bets. He started investing in Titan in 2002 when the stock was trading at around ₹3 per share. Today, the stock is valued at over ₹1,500 per share.

• Lupin Limited: Jhunjhunwala has also invested in Lupin Limited, a pharmaceutical company. He has been holding shares of Lupin since the early 2000s and has benefited from the company's growth and expansion.

• Crisil Limited: Another significant investment in Jhunjhunwala's portfolio is Crisil Limited, a leading credit rating agency in India. He has been a long-term investor in Crisil and has profited from the company's consistent performance.

• Escorts Limited: Jhunjhunwala has a stake in Escorts Limited, an agricultural machinery manufacturer. His investment in Escorts has been rewarding, with the company's stock price witnessing substantial growth over the years.

These are just a few examples of Jhunjhunwala's successful investments. His ability to identify potential winners and hold onto them for the long term has made him a revered figure in the Indian stock market.

Jhunjhunwala's Personal Life and Education

While Rakesh Jhunjhunwala is widely known for his investment prowess, he leads a relatively private personal life. He is married to Rekha Jhunjhunwala, and the couple has three children.

Jhunjhunwala's education played a crucial role in shaping his career as an investor. After completing his schooling in Mumbai, he pursued a Bachelor of Commerce degree from Sydenham College. He then went on to become a Chartered Accountant, which provided him with a solid foundation in finance and accounting.

Despite his immense success, Jhunjhunwala remains grounded and continues to actively participate in the Indian stock market. His investment strategies and insights are highly regarded by investors and traders alike, making him an iconic figure in the world of finance.