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Rakesh Jhunjhunwala success story: According to the latest updates on Forbes, the net worth of Rakesh Jhunjhunwala is $5.1 Billion, which is equivalent to over Rs 40,000 Crores. So, how did a regular guy from Mumbai with just Rs 5,000 became one of the most successful stock investors in Indian history? This is what we are going to discuss today.

In this post, we are going to walk you through the journey of Rakesh Jhunjhunwala in the Indian stock market. How he made over Rs 40,000 Crores starting from just Rs 5,000. Let’s get started.

Rakesh Jhunjhunwala Success Story

Childhood

Rakesh Jhunjhunwala, also known as the ‘big bull’ or ‘Indian Warren Buffett’ was born on 5th July 1960 in Mumbai. His father was an Income tax officer.

Rakesh Jhunjhunwala consistently used to hear his father discussing the stock market with his friends. As he was very curious about stocks, so once he asked his father why the stock price fluctuates daily? His father suggested him to read newspapers as its the news that makes the price of stocks fluctuate.

Rakesh Jhunjhunwala also expressed his wish to pursue a career in the stock market. However, his father suggested him to first get a graduate degree from a college. Rakesh Jhunjhunwala graduated from Sydenham College in 1985 as a chartered accountant.

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After graduation, he again discussed his career goal as a stock market investor with his father. To this, his father replied that he is permitted to pursue any career. However, he also added that he’s not going to give him any money, nor he can ask for the initial capital from any of his father’s friends.

Entering the stock market world

Mr Rakesh Jhunjhunwala entered the stock market with just Rs 5,000 in 1985. At that time, Sensex was at 150 points (currently Sensex is hovering at 58,500 points).

Nevertheless, soon Rakesh Jhunjhunwala was able to take an amount of Rs 2.5 lakhs from one of his brother’s clients by promising to give higher returns compared to the fixed deposits.

Rakesh Jhunjhunwala’s first big profit was Rs 0.5 million 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.

In the next few years. Rakesh Jhunjhunwala made a number of good profits from stocks. 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.

Rakesh Jhunjhunwala success story

— Multi-baggers stocks in Rakesh Jhunjhunwala’s Portfolio

Rakesh Jhunjhunwala manages a privately owned stock trading firm called ‘RARE Enterprises’. The name is derived from the first two initials of his name and his wife Mrs Rekha Jhunjhunwala’s name.

During his long career in the stock market, Rakesh Jhunjhunwala invested in a number of multi-bagger stocks.

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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 2140. He is holding over 4.4 crore shares of titan company. He has an ‘overall’ holding of 5.1% in the company as of March 2022

In 2006, he invested in LUPIN and his average purchase price was Rs 150. Today, LUPIN is trading at Rs 635. A few other multi-baggers in Rakesh Jhunjhunwala’s portfolio are CRISIL, PRAJ IND, Aurobindo Pharma, NCC, etc.

In a recent turn of events, Rakesh Jhunjhunwala once again made headlines for making 50 crores in just 8 days – Read More

Quick Fact: Apart from being on the board of directors of big companies like Prime Focus Ltd, Geojit BNP Paribas financial services, Praj Industries, Concord Biotech, etc, Rakesh Jhunjhunwala is also a movie producer. He has produced movies like ‘English-Vinglish’, ‘Shamitabh’, ‘Ki and Ka’. He is the chairman of Hungama Digital media entertainment Pvt Ltd.

Also read: D-Mart Founder- RK Damani Success Story [Bio, Facts, Net worth & More]

— Latest Stock Portfolio of Rakesh Jhunjhunwala

Here are the latest stocks with the most weightage in Rakesh Jhunjhunwala’s Portfolio (the table is updated until Mar 2022):

Sl NoCompany NameQuarterNo of SharesCurrent PricePercentTotal Value
1Bilcare LtdMar 20221997925.0065.558.48₹ 130,564,398.75
2Canara BankMar 202235597400.00208.001.96₹ 7,423,837,770
3Geojit Financial Services Ltd.Mar 202218037500.0051.557.55₹ 909,991,875
4
Jubilant Ingrevia Ltd. Mar 20225020000.00493.003.15₹ 2,504,729,000
5Prozone Intu Properties Ltd.Mar 20223150000.0021.352.06₹ 66,937,500
6Indiabulls Real Estate Ltd.Mar 20225000000.0062.101.10₹ 318,750,000
7Titan Company Ltd.Mar 202244850970.002138.705.05₹ 95,442,864,160
8Man InfraConstruction Ltd.Mar 20224500000.0080.301.21₹ 368,550,000
9NCC Ltd.Mar 202278333266.0056.5012.84₹ 4,457,162,835.4
10Fortis Healthcare Ltd.Mar 202231950000.00252.754.23₹ 8,083,350,000
11Tata Communications Ltd.Mar 20223075687.00977.001.08₹ 3,010,174,866.9
12Autoline Industries Ltd.Mar 20221751233.0060.154.62₹ 106,299,843.1
13Agro Tech Foods Ltd.Mar 20222003259.00865.108.22₹ 1,713,487,585.65
14Aptech Ltd.Mar 202218112312.00221.6543.80₹ 4,023,650,110.8
15National Aluminium Company Ltd.Mar 202225000000.0074.201.36₹ 1,857,500,000
16Wockhardt Ltd.Mar 20223000005.00209.552.08₹ 627,001,045
17Anant Raj Ltd.Mar 202210000000.0059.603.39₹ 589,500,000
18Orient Cement Ltd.Mar 20222500000.00 114.801.22₹ 283,875,000
19Tata Motors Ltd. - DVR OrdinaryMar 202215000000.00213.102.95₹ 2,244,000,000
20Delta Corp Ltd.Mar 202220000000.00180.557.48₹ 3,486,000,000
21Jubilant Pharmova Ltd.Mar 202210770000.00367.256.76₹ 3,950,974,500
22Tata Motors Ltd.Mar 202239250000.00435.801.18₹ 16,908,900,000
23Dishman Carbogen Amcis Ltd.Mar 20225000000.00117.853.18₹ 588,000,000
24VA Tech Wabag Ltd.Mar 20225000000.00242.608.04₹ 1,218,250,000
25Rallis India Ltd.Mar 202219068320.00196.009.81₹ 3,731,670,224
26CRISIL Ltd.Mar 20224000000.003356.355.48₹ 13,729,800,000
27The Indian Hotels Company Ltd.Mar 202230016965.00241.952.12₹ 7,328,642,004.75
28The Federal Bank Ltd.Mar 202254721060.0097.002.64₹ 5,307,942,820
29Indiabulls Housing Finance Ltd.Mar 20226000000.0094.501.28₹ 578,700,000
30Edelweiss Financial Services Ltd.Mar 202215125000.0053.001.60₹ 803,137,500
31Star Health and Allied Insurance Company Ltd.Mar 2022100753935.00533.8017.51₹ 53,419,736,337
32Metro Brands Ltd.Mar 202226102394.00585.959.62₹ 15,161,575,554.9
33DB Realty Ltd.Mar 20225000000.0063.202.06₹ 305,000,000
34TV18 Broadcast Ltd.Mar 202220000000.0039.601.17₹ 772,000,000
35Nazara Technologies Ltd.Mar 20223294310.00617.3510.10₹ 2,088,098,393.5
36Karur Vysya Bank Ltd.Mar 202235983516.0045.754.50₹ 1,642,647,505.4

Also read: How to find where the Big Players are Investing in the Market?

— Rakesh Jhunjhunwala Stock Market Philosophy

Rakesh Jhunjhunwala considers himself as both a trader and a long-term investor. Here’s a quote from his interview with Economic times:

“Short-term trading is for short-term gain. Long-term trading is for long-term capital formation. Trading is what gives you the capital to invest. My trading also helps my investing in the sense I use a lot of technical analysis for trading at times.

If the stock is overpriced, I should sell but my trading skills tell me that the stock can remain overvalued or get more overvalued. Hence, I hold on to my investments.

So, I think they complement each other in many ways but they are two distinct compartments totally.”

(Source: Economic Times- The journey of Rakesh Jhunjhunwala )

Further, Rakesh Jhunjhunwala is extremely bullish on India’s growing economy and its success as an emerging market.

Overall, Rakesh Jhunjhunwala’s success story is really inspiring for new and old investors. In the end, here’s an amazing quote by Rakesh Jhunjhunwala:

“Passionate investors always make money in stock markets. You will never fail in any work if you do it with passion.” – Rakesh Jhunjhunwala

FAQs on Rakesh Jhunjhunwala Success Story

How Did Rakesh Jhunjhunwala Start?

Rakesh Jhunjhunwala started getting interested in the stock market during his college days. However, once he completed his CA from the Institute of Chartered Accountant of India, he decided to get involved full time in the stock market. He started his career in the stock market in 1985 where he invested Rs 5,000 as his first capital. Today, his net worth is over Rs 40,000 Cr as of 2022.

What is the income of Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala’s net income is worth $5.1 Billion (Over Rs 40,000 Cr) as of July 2022, according to Forbes. He makes the majority of his income by trading and investing in the stock market in his name or through his privately owned stock trading firm Rare Enterprises. Rakesh Jhunjhunwala has holdings worth over Rs 21,000 crore in different Indian companies like Titan Company, CRISIL, Tata Motors, Escorts, Fortis Healthcare, Nazara Technologies, and many more.

What is the age of Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala was born on 5 July 1960, which makes the current age of Rakesh Jhunjhunwala to be 62. He has been involved in the stock market since the 1980s and is known as the most successful stock market investor in India.

Is Rakesh Jhunjhunwala bear or bull?

Rakesh Jhunjhunwala, also known as Big Bull in India, is currently extremely bullish on the long-term growth of the Indian Economy and the Indian Equity Market. However, Rakesh Jhunjhunwala was once a bear in the Harshad Mehta days and made a lot of money by shorting stocks post Harshad Mehta Scam 1992. He was part of the Bear Cartel during that time along with other bears like Manu Manek and RK Damani.

What is Jhunjhunwala Buying?

Rakesh Jhunjhunwala entered the three stocks — Nalco, Canara Bank, and Indiabulls Real Estate — in the September 2021 quarter and two stocks — Star Health and Allied Insurance and Metro Brands — in the December 2021 quarter. Prior to it, Steel Authority of India Limited or SAIL was another new company in which Big Bull Rakesh Jhunjhunwala bought a fresh stake in April to June 2021 quarter. In addition, Rakesh Jhunjhunwala has also invested in Akasa Air this year, to enter the airline industry.

Who is Rakesh Jhunjhunwala’s wife?

Rakesh Jhunjhunwala is married to Rekha Jhunjhunwala since February 1987. They have a daughter and twin sons. Rekha Jhunjhunwala also co-owns Rare Enterprises, which is the privately owned stock trading firm of Rakesh Jhunjhunwala. 

What is the profession of Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala’s qualifications include Chartered Accountant from The Institute of Chartered Accountants of India and B.Com from the University of Mumbai. By profession, Rakesh Jhunjhunwala is a Stock Market investor and trader. He also owns his private stock trading firm known as Rare Enterprises.

What is Rakesh Jhunjhuwala’s airline name?

Rakesh Jhunjhuwala backed airline is known as Akasa Air. He is the co-founder of the newest airline and owns 40% of the company, along with Aditya Ghosh, former President of Indigo who will have a 10 percent stake in Akasa Air. The airline will start operations in July 2022 and is planning for ultra-low-cost domestic flights. 

What is the story of Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala, the son of an Income-tax officer, has a very promising story in the Indian stock market. A CA by qualification, he started his career in the Indian stock market in 1985 with mere Rs 5,000, and today he is worth over Rs 40,000 Crore. During the start of his career, he was a bear and made a lot of money shorting stocks during and after the post-Harshad Mehta scam period. However, later he turned into an investor and is bullish on the market.

How did Rakesh Jhunjhunwala become famous?

Rakesh Jhunjhunwala’s first successful investment was in Tata tea in 1986, where he bought 5,000 of its shares at Rs 43, which later rose to Rs 143 in three months, giving him over three-fold returns. Later, his other successful investments include Tata Power, Sesa Goa (Now Vedanta Ltd), Praj Industries Ltd, etc also make him famous in the Indian stock market.

What did Rakesh Jhunjhunwala say about Harshad Mehta?

In  Rakesh Jhunhunwala’s own words, he said that the market valuations were “incredulous” during the Harshad Mehta time. However, Rakesh Jhunjhunwala has also admitted in an interview that if Harshad Mehta would have continued to scam for one more month, he would have become bankrupt.

That’s all for the article. Let me know what do you think of Rakesh Jhunjhunwala success story in the comment section below. Happy Investing!

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