New Delhi: Market experts condoled the demise of the veteran investor on Sunday. Rakesh JhunjhunwalaHe is often referred to as the Warren Buffet of India, and said that his firm belief and sheer energy in the country’s growth story made him one of a kind.
62-year-old Jhunjhunwala passed away in Mumbai on Sunday morning.
Condoling his demise, Zerodha Co-Founder Nikhil Kamathi Tweeted, “There will never be anyone like you again, RIP.”
Often referred to as ‘India’ Warren BuffettAccording to Forbes, and the Big Bull of the Indian markets, Jhunjhunwala had a net worth of USD 5.8 billion (about Rs 46,000 crore).
Axis Securities MD and CEO B Gopkumar said Jhunjhunwala will be remembered for the energy he brought to the TV studio.
He said, “His firm belief in India’s growth story and his boom in Indian markets is a legend. He proved to everyone that wealth creation is almost sure if one invests in quality companies for a long period of time. ”
Another expert Sandeep Parekh said that Jhunjhunwala was a legend whose folk speeches could give faith to non-believers in the story of India.
Considering Jhunjhunwala the greatest believer in the story of India, sushant bhansaliThe CEO of Ambit Asset Management said that the seldom investor put not only his words but his entire wealth behind this story and was rewarded for it.
Bhansali described Jhunjhunwala as a roaring titan of long-term investments in India.
“A man of passion, simplicity and high conviction inspired millions to believe and invest in equity partnerships with Indian corporates. A true legend we will all remember. Be it investor calls, conferences, business TV channels, His emphatic presence will be truly missed,” he said.
Jhunjhunwala started his journey in the stock markets while still in college with a capital of just Rs.5,000. He started investing with Rs 5,000 in 1985, when the BSE benchmark index Sensex was at 150. Now it is trading at over 59,000.
He had invested in over three dozen companies, including the most valuable watch and jewelery maker Titan, part of the Tata Group. His portfolio included companies such as Star Health, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazar Technologies and Tata Motors.
He made his first big profit in 1986 when he bought 5,000 shares of Tata Tea for Rs 43 and within three months the stock rose to Rs 143. He earned Rs 20-25 lakh in three years.
His privately owned stock trading firm Rare Enterprises takes its name from the first two letters of his name and that of his wife Rekha, who is also a stock market investor.
62-year-old Jhunjhunwala passed away in Mumbai on Sunday morning.
Condoling his demise, Zerodha Co-Founder Nikhil Kamathi Tweeted, “There will never be anyone like you again, RIP.”
Often referred to as ‘India’ Warren BuffettAccording to Forbes, and the Big Bull of the Indian markets, Jhunjhunwala had a net worth of USD 5.8 billion (about Rs 46,000 crore).
Axis Securities MD and CEO B Gopkumar said Jhunjhunwala will be remembered for the energy he brought to the TV studio.
He said, “His firm belief in India’s growth story and his boom in Indian markets is a legend. He proved to everyone that wealth creation is almost sure if one invests in quality companies for a long period of time. ”
Another expert Sandeep Parekh said that Jhunjhunwala was a legend whose folk speeches could give faith to non-believers in the story of India.
Considering Jhunjhunwala the greatest believer in the story of India, sushant bhansaliThe CEO of Ambit Asset Management said that the seldom investor put not only his words but his entire wealth behind this story and was rewarded for it.
Bhansali described Jhunjhunwala as a roaring titan of long-term investments in India.
“A man of passion, simplicity and high conviction inspired millions to believe and invest in equity partnerships with Indian corporates. A true legend we will all remember. Be it investor calls, conferences, business TV channels, His emphatic presence will be truly missed,” he said.
Jhunjhunwala started his journey in the stock markets while still in college with a capital of just Rs.5,000. He started investing with Rs 5,000 in 1985, when the BSE benchmark index Sensex was at 150. Now it is trading at over 59,000.
He had invested in over three dozen companies, including the most valuable watch and jewelery maker Titan, part of the Tata Group. His portfolio included companies such as Star Health, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazar Technologies and Tata Motors.
He made his first big profit in 1986 when he bought 5,000 shares of Tata Tea for Rs 43 and within three months the stock rose to Rs 143. He earned Rs 20-25 lakh in three years.
His privately owned stock trading firm Rare Enterprises takes its name from the first two letters of his name and that of his wife Rekha, who is also a stock market investor.