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The Big Bull of Indian Capital Markets - A Profile on Rakesh Jhunjhunwala

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The name’s Jhunjhunwala, Rakesh Jhunjhunwala!

Rakesh Jhunjhunwala has been named “Warren Buffet of India”. Credited with generating wealth over $3bn, it is claimed that he started with just about ₹5,000 ($69) about thirty years ago. AN equity investor, he owns an asset management firm called Rare Enterprises.

His early days as a trader started with a purchase of 5,000 shares of Tata Tea at ₹43 ($0.6). He is known for making calculated investments and risk-taking. Analysts suggest that his success lies in meticulous predictions about the political happenings at a given time.

He is not unknown when it comes to making unapologetic commentary about contemporary issues. While he admires Elon Musk, he critiques his ideas of cryptocurrency. In January 2021, SEBI started investigating Mr. Jhunjhunwala and his family for alleged insider trading in Aptech. Maybe his own fate is speculative in its own way.

Head to the link below to read more on his profile.

https://transfin.in/the-big-bull-of-indian-capital-markets-a-profile-on-rakesh-jhunjhunwala

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