Rakesh Jhunjhunwala & Assoc.
Rakesh Jhunjhunwala was an Indian billionaire investor and trader. He was always remarked for his judgement and foresightedness with respect to picking up stocks in the stock market.
Rakesh Jhunjhunwala was an Indian billionaire investor and trader. He was always remarked for his judgement and foresightedness with respect to picking up stocks in the stock market.
Rakesh Jhunjhunwala: Early Life and Education
Rakesh Jhunjhunwala was born on 5th July 1960 in Hyderabad. The early life of Rakesh Jhunjhunwala was formed with the values of a middle-class Rajasthani family. His father, Radheshyamji Jhunjhunwala, was an income tax officer. His father's conversations around the stock market and other financial topics were the reason for his curiosity about the stock market.
Rakesh Jhunjhunwala received his education from the Sydenham College of Commerce and Economics, Mumbai, with a Bachelor of Commerce. After that, he went on to prepare for chartered accountancy. Rakesh Jhunjhunwala completed his CA degree in 1985 to become a qualified chartered accountant.
After completing his CA degree, Rakesh Jhunjhunwala took the unconventional path of becoming a stock market investor and trader. This step marked the beginning of the big bull's stock market journey.
How Rakesh Jhunjhunwala Started Investing
The first investment in Rakesh Jhunjhunwala portfolio started with 5000 shares of Tata Tea. He bought these shares at a price of ₹43, which zoomed to ₹143 within three months. This investment was his first big win in the Indian stock market.
"Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible." - Late Rakesh Jhunjhunwala.
After the first big hit in the stock market with Tata Tea, various multibagger companies became a part of Rakesh Jhunjhunwala portfolio. He invested in notable stocks such as Tata Power, Sesa Goa, and Praj Industries, which provided him with significant returns through price appreciation. From 1986 to 1989, he earned approximately 25 lakh rupees, and by 2022, Rakesh Jhunjhunwala networth had soared to ₹11,000 cr.
However, due to a prolonged heart condition along with kidney problems, Rakesh Jhunjhunwala passed away on 14th August 2022. As reported, till his demise, Rakesh Jhunjhunwala networth was around $ 5.8 billion or ₹50,000 crores. With a mere capital investment of ₹5,000 in 1986, Rakesh Jhunjhunwala networth grew immensely because of his robust investing strategies.
A Sneak Peek into Rakesh Jhunjhunwala Portfolio
Top Multibagger Stocks of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala's portfolio is valued at over ₹50,000 crores, including 27 stocks such as Titan, Nazara Tech, Metro brands, NCC, Star Health, IHC, Canara Bank and more. Read below to learn about some of the multibagger picks of Rakesh Jhunjhunwala.
Titan Company Limited
As of the quarter ending March 2025, the holding value of Rakesh Jhunjhunwala in Titan Limited stood at 14,535.5 cr, with the current share price of ₹3,178.95. Titan Company Limited, to this day, holds the highest portion in Rakesh Jhunjhunwala portfolio.
He bought the shares of Titan Company Limited in 2002-2003 for Rs 30-32. He bought these shares when major financial issues surrounded the company, and the company was trading at discounted prices. His investment yielded immense returns, with the share price zooming by 82 times.
Raghav Productivity Enhancers Limited
As of the quarter ending March 2025, the holding value of Rakesh Jhunjhunwala in Raghav Productivity Enhancers Limited stood at ₹117.92 cr, with the current share price of ₹534.2.
Rakesh Jhunjhunwala invested around ₹31 cr. in Raghav Productivity Enhancers Limited through 6,00,000 unsecured compulsory convertible debentures at a price of ₹515 per unit. These debentures were scheduled to be converted into equity shares at the end of 18 months.
Crisil Limited
As of the quarter ending March 2025, the holding value of Rakesh Jhunjhunwala in Crisil Limited stood at 1,595.6 cr, with the current share price of ₹4,200.00.
Rakesh Jhunjhunwala bought shares of Crisil Limited in 2003, starting with 10,000 shares. He showed high conviction and patience in the company's long-term performance even during the financial crisis of 2008. In 2013, his wife Rekha Jhunjhunwala sold 4,00,000 shares of Crisil Limited for over 46 cr.
Aptech Limited
As of the quarter ending March 2025, the holding value of Rakesh Jhunjhunwala in Aptech Limited stood at 280.05 cr, with the current share price of ₹117.00.
Rakesh Jhunjhunwala bought the shares of Aptech Limited in 2005 at a price of 56 per share. His first investment in the company started with a 10% stake, which he grew eventually till 2011. Aptech Limited is the only company in which Jhunjhunwala was a chairman; the rest of his investments were passive investments.
Lupin Limited
Rakesh Jhunjhunwala started buying shares of Lupin Limited in 2003 when the market cap of the organisation was just ₹500 crores. In 2008, Jhunjhunwala’s shareholding in Lupin Limited rose to 4.29% at a valuation of ₹154 cr. He exited the investment entirely in September 2023, when Lupin Ltd.'s market cap was ₹44,000 cr. Rakesh Jhunjhunwala investment in the company resulted from his deep research and analytical skills.
Note - The above-mentioned Rakesh Jhunjhunwala stocks, except Lupin Limited, still form part of his portfolio. Rare Enterprises, co-founded by Rakesh Jhunjhunwala, currently manages his portfolio.
“Invest in top multibagger stocks with Univest - Grow your portfolio exponentially.”
Other Ventures of Rakesh Jhunjhunwala
Rare Enterprises
- Rare Enterprises was founded in 2003 by Rakesh Jhunjhunwala.
- It is a non-government private equity and asset management company.
- The primary objective of Rare Enterprises is to manage the personal portfolio of its owners, Late Rakesh Jhunjhunwala and Rekha Jhunjhunwala.
- Some of the best-performing investments of Rare Enterprises include Escorts Kubota, Indian Hotels, Tata Motors, and Va Tech Wabag.
- Currently, Rare Enterprises is headed by Utpal Sheth and Rajiv Agarwal
Akasa Airlines
- Akasa Airlines was founded by Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube in December 2021.
- Rakesh Jhunjhunwala invested almost $35 million in 2021 for a 40% stake in the airline. Later, this stake was increased to 46%.
- Akasa Airlines started its operations with its first flight on 7th August 2022.
- It became the first airline in global aviation history to reach from 0 to 20 aircraft within a year of operation.
Hungama Digital Media
Besides his stock market legacy of approximately $5 billion, Rakesh Jhunjhunwala also had a heart for Indian cinema. He was one of the founders of Hungama Digital Media, which produces films, music, and web series. Rakesh Jhunjhunwala also produced movies like English Vinglish, Shamitabh, and Ki & Ka.
Key Investment Lessons From the Big Bull of India
Patience is the key to successful investing
Rakesh Jhunjhunwala is known as the Warren Buffett of India because of his patient and profitable investing style. A large portion of Rakesh Jhunjhunwala networth can be accounted for by his long-term bet on Titan Company. He bought shares of Titan in 2003 when it was trading for ₹3- ₹4, which is currently trading at a price of more than ₹3,000.
Don’t try to time the market
Rakesh Jhunjhunwala greatly advocates the concept that markets are never wrong. He used to say, “You don’t try to time the market; the stock market is always right.” Rakesh Jhunjhunwala propagated that one should accept losses humbly as they are part and parcel of the market.
Don’t do emotional investing
“Emotional investments are a sure way to make a loss in the stock markets.” - Late Rakesh Jhunjhunwala.
He always said that emotional investing is the sure way to make losses in the market. Rakesh Jhunjhunwala's investing approach included an in-depth analysis and data research of an investing opportunity.
Avoid High Valuation
Rakesh Jhunjhunwala aggressively promoted the idea of staying away from stocks with high or unjustified valuations. He believed that investors must not overpay for a stock and must look for undervalued shares with high growth potential. Rakesh Jhunjhunwala himself followed a value investing approach in which he identified quality companies with low valuations.
“Learn more about Shark’s investing style, with Univest’s Shark portfolio feature.”
FAQs
Who is the Warren Buffett of India?
Rakesh Jhunjhunwala was known as the Warren Buffett of India due to his ability to identify low-value, high-potential companies for investments.
What are Rakesh Jhunjhunwala's biggest shareholdings?
Titan Company Limited holds the highest share in Rakesh Jhunjhunwala portfolio. As per the latest filing, Titan Company has a 5.2% share in its portfolio with a total value of ₹14,728.1 cr.
When was Rakesh Jhunjhunwala born?
Rakesh Jhunjhunwala was born on the 5th July 1960. He was born to a Marwari family in Hyderabad. Rakesh Jhunjhunwala’s father was an Income Tax officer, and his mother was a homemaker.
What is Rakesh Jhunjhunwala networth?
Rakesh Jhunjhunwala networth currently stands at approximately $5.8 billion or ₹50,000 crores. He started stock investments with ₹5,000 in 1986 by investing in Tata Tea at ₹43 per share. By 2022, the networth of Rakesh Jhunjhunwala had multiplied to ₹11,000 cr.
Who is the wife of Rakesh Jhunjhunwala?
Rekha Jhunjhunwala, an investor and co-founder of Rare Enterprises, is the wife of Rakesh Jhunjhunwala. Rakesh married her on 22nd February 1987. His wife is also a stock market investor and a co-founder of Rare Enterprises.
How did Rakesh Jhunjhunwala become rich?
Rakesh Jhunjhunwala became rich because of his contrarian and long-term investing strategy. He was a strong believer in the bull market and focused on investing in the best stocks for the long term. His early investments in Titan Capital, Tata Tea, Sesa Goa(now Vedanta Ltd.), and Tata Power helped him to amass immense networth.