Rakesh Jhunjhunwala
Founder, RaRe Enterprises- RaRe Enterprises
Rakesh Jhunjhunwala's Journey so far ...
- Rakesh Radheshyam Jhunjhunwala graduated from Mumbai's famous Sydenham College of Commerce and Economics and then joined the Institute of Chartered Accountants of India from where he completed his CA in 1985
- Growing up in a Marwari family, he developed a passion for stock markets at a young age and none of the usual stuff that appeals to adolescents drew him as much as equities did
- His family hailed from Rajasthan's Jhunjhunu district and his father, who worked in the Income Tax Department, was a big inspiration to him. Every evening, the senior Jhunjhunwala discussed stock markets with his friends which fascinated Rakesh
- After completing accountancy, he dived into the share market with an initial capital of Rs 5,000 and in the first few years alone, he earned Rs 20-25 lakh
- In 1992, he founded RaRe Enterprises, a privately-owned stock trading firm, whose name was derived from the first two initials of his and his wife's names (Ra - Rakesh Jhunjhunwala, Re - Rekha Jhunjhunwala)
- Rakesh Jhunjunwala, who is often dubbed as India’s Warren Buffet, entered the stock market when the Sensex was at 150. He carved a reputation for himself as one of India’s wealthiest and most astute stock market investors and traders
- One of his favourite investments has been Titan, a Tata firm. In 2002-03, he bought shares of the company at an average of Rs 3. Since then he has got phenomenal returns and he is still counting his profits on that investment
- He had his fair share of bad luck, too, following the global recession in 2008 and in subsequent years, his stock prices fell by 30%. But he bounced back and recovered the losses by 2012
- In July 2021, Jhunjhunwala announced that he would be launching a new budget airline in India. He plans to have around 40% stake in the company, to be called Akasa Air
- The “Big Bull of Dalal Street”, considers ace stock picker and billionaire Radhakishan Damani as his mentor and guru in investing and trading
Before you go ...
- Rakesh Jhunjhunwala is a big foodie. He loves street food, particularly Chinese and dosa. He loves watching food shows and enjoys reading
- The billionaire investor is a philanthropist and takes part in various charitable activities. In 2011, he said that he would donate 25% of his wealth to charity
- He is a big movie buff and has produced several films
- In a candid chat with ET, he said, "I was not interested in girls, did not dream of becoming a pilot. I just wanted to be in the stock market."
Rakesh Jhunjhunwala News
Rakesh Jhunjhunwala's unmatched investing success, fueled by leverage and astute stock picks like Titan, remains a benchmark. While today's investors follow a similar strategy of identifying undervalued stocks, few match Jhunjhunwala's risk appetite or benefited from the market inefficiencies of the past. Replicating his success in the current environment, with tighter regulations and richer valuations, appears exceedingly difficult.
India's wealthiest investors witnessed a surge in their net worth during the June quarter, fueled by a stock market rebound. Portfolios of figures like the Jhunjhunwala family and Mukul Agrawal saw gains between 12% and 42%. Conversely, Madhusudan Kela and Vijay Kedia experienced portfolio value declines as they strategically reduced exposure to certain stocks.
Akasa Air anticipates a significant capacity boost this fiscal year, exceeding 30%, driven by increased aircraft deliveries from Boeing. Despite improved unit economics, the airline faced increased losses in FY25. The airline aims for operational profitability amid a favorable demand-supply mismatch and plans ambitious fleet expansion, targeting 226 aircraft by 2032, with a growing presence in international markets.
In Mumbai’s Pedder Road, wealth can open doors but only if it comes dressed in the right manners. Journalist Vishal Bhargava reveals how celebrities and even billionaires face invisible barriers in this rarefied pocket. Societies here shun Bollywood stars and guard membership to old clubs like the Willingdon fiercely. Rakesh Jhunjhunwala’s repeated rejections prove that in this neighbourhood, sophistication beats stardom. Pedder Road’s history shows that class codes here are as old as the road itself.
Rakesh Jhunjhunwala: An entity linked to late investor Rakesh Jhunjhunwala sold 13 lakh shares of Nazara Technologies for ₹159 crore. Despite the block deal, Nazara hit a 52-week high, reflecting investor optimism amid strong annual performance and high growth in gaming revenues.
The top 7 stock investors in India in 2025
Kalpraj Dharamshi reflects on his market journey since the 1980s, learning from industry giants like Rakesh Jhunjhunwala and Radhakishan Damani. He shares insights on evolving as an investor, emphasizing the importance of conviction, learning from market veterans, and adapting investment strategies. Dharamshi highlights the transformative impact of company fundamentals and market dynamics on successful investing.
Akasa Air, India's newest airline, is struggling due to delays in Boeing 737 MAX deliveries. With 226 planes on order, the airline faces operational stress, grounding hundreds of pilots. Frustrated executives criticized Boeing, calling its issues a major obstacle.
Incorporated in 2006, Navi Mumbai-based IKS Health provides a 24x7 comprehensive suite of solutions spanning the entire healthcare value chain assisting physician enterprises predominantly in the US. At the end of September 2024, it had over 775 healthcare organisations as clients. Around 94% of revenues are earned from repeat customers.
Rakesh Jhunjhunwala’s remarkable rise from Rs 5,000 to a fortune of Rs 40,000 crore is epitomized by Rare Enterprises, founded with his life partner, Rekha. Their partnership was sealed by fate after a serendipitous meeting.
