Tuesday 23 April 2019

Rakesh Jhunjhunwala

Rakesh Kumar Radheyshyam Jhunjhunwala (born 5 July 1960) is an Indian Billionaire Investor and Trader. He is a Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala has been described by India Today magazine as the "pin-up boy of the current bull run" and by The Economic Times as "Pied Piper of Indian bourses".

As per Forbes, he is the 54th richest person in India, with net worth of USD 3 billion (as of June 1, 2018).

Early life
Jhunjhunwala grew up in Mumbai, India where his father was posted as an Income Tax Officer. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.

Career
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited. He is popularly referred to as the "Warren Buffett of India" and the "King of Bull Market".

Jhunjhunwala's stocks fell by up to 30% in December 2011. He recovered his losses in February 2012.These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third.His attempts to divest his Aptech stake had no takers.

Jhunjhunwala invested ₹26 Crores ($4.6 Million) in A2Z Maintenance increasing his stake in the company by 3.57%, upping his stake in the company to 23.2%.

He is also credited as a producer of the 2016 movie Ki & Ka.

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