Rakesh Jhunjhunwala Story

Early Career

After his CA completion, Jhunjhunwala went back to the stock market in 1985 to earn and trade with his money. The BSE sensex was 150 at the inception of his career. From the very start his risk taking ability, imagination and wisdom earned him profits. In 1986, he earned his first profit of about a half million rupees and in the coming three years he earned around twenty to twenty-five lakhs.

His first ever large income was from selling 5000 shares of Tata Tea which he had previously bought for Rs. 43 per share and sold them at Rs. 143. Since that profit, his even large investments in stock markets like that of Sesa Goa began.

Career

His later career was marked by his buying of six crore shares of Titan in 2003. Apart from that he is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. Jhunjhunwala today manages his own money via Rare Enterprises and it was he who predicted the return of a rise in the stock market in the last year that earned him the title of 'Pied Piper'. The Indian Stock Market rose by 44% in the preceding year giving way to rise in the capital of Rakesh Jhunjhunwala too.

But he had his share of downfalls too. After the recession and in the subsequent years, Jhunjhunwala's stock prices fell by 30% but he recovered his losses by 2012. This continuous struggle and learning from mistakes has been his motto. He has strong belief in what he calls the power of mistakes; he’s one entrepreneur whose life is a fitting example of the fact that one has to devise ways to solve problems through experiences and life lessons.

Career Highlights

Jhunjhunwala was one of the board members of the following institutions: Bilcare Limited, Praj Industries Ltd., Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited and many others. But he cut short his portfolio to one-third of it during the recession and loss. His intuition and vision has made him worth $2.1 billion. He even produced the Hindi feature film English Vinglish which got the Zee Cine Awards for Best film. He still manages his money via Rare Enterprises and his worth has been on the rise since his last huge losses.

Jhunjhunwala is a motivating character who never stepped down to shortcuts to success and always relied upon the knowledge readily available in the market. He has immense belief and faith in India and her market. He said in an interview, "I don't think India is a poor country. We are very rich in culture, food, resources, thought and also in our film industry."

Personal Life

Rakesh Jhunjhunwala is married to Rekha Jhunjhunwala is a father of three children.

Awards and Achievements

The Forbes list of billionaires all round the world ranked him at 894 with respect to all the billionaires around the world. His knowledge and philosophy of investment has given his share holders immense profits. He is also a philanthropist and believes it is his duty to donate and it should not be done for expectation of good results.

 

Rakesh Jhunjhunwala Exclusive Speech on Markets and Trades