Rakesh Jhunjhunwala is going to give competition to the Tata who had made 'Big Bull'. - IdeapreneurIndia-Entrepreneur's Daily Dose

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Monday, July 4, 2022

Rakesh Jhunjhunwala is going to give competition to the Tata who had made 'Big Bull'.

Rakesh Jhunjhunwala is going to give competition to the Tata who had made 'Big Bull'.


 Rakesh Jhunjhunwala is going to give competition to the Tata who had made 'Big Bull'.


Rakesh Jhunjhunwala was born on 5 July 1960 in Mumbai. His father was an officer in the Income Tax Department and invested in the stock market. From there, Rakesh Jhunjhunwala got addicted to investing money in the stock market. After graduating in commerce, Rakesh Jhunjhunwala did his CA course from the Institute of Chartered Accountants of India in 1985. After this he expressed his desire to go to the stock market but his father refused to pay for it. He said that first earn money yourself and then enter the stock market.

Rakesh Jhunjhunwala is one of the most successful investors from India. Rakesh Jhunjhunwala, who entered the stock market with just five thousand rupees, is included in the list of top rich people of the country today. His success is like a fairy tale. Jhunjhunwala is going to start his own airline Akasa Air. The interesting thing is that a share of Tata Group had changed the fate of Rakesh Jhunjhunwala and today he is going to compete with the same Tata Group through Akasa Air. Tata Group recently bought Air India. Even before this, the company has two airlines Air Asia and Vistara. With the arrival of Akasa Air, Rakesh Jhunjhunwala will compete directly with the Tata Group.

In the year 2003, Rakesh Jhunjhunwala invested in another Tata Group company Titan Company. This one share changed his fortunes. He bought six crore shares at the rate of three rupees. Today its one share is worth Rs 1,961.00. This stock is still his favorite stock.

Rakesh Jhunjhunwala is now going to enter the aviation sector as well. His investment airline company Akasa Air is about to start the trial in a few days. Recently, the uniform for its crew has been launched. Aakasa Air aims to provide affordable aviation service. Rakesh Jhunjhunwala has invested a huge amount of about 50 million dollars in this company. That is, Jhunjhunwala, who made money from the companies of Tata Group, is now preparing to compete with Tata in the sky. Tata Group has recently bought Air India. Apart from this, it also has airlines like Air Asia and Vistara.

Rakesh Jhunjhunwala is building a 14-storey luxurious house in the most expensive area of ​​Mumbai. Currently, he lives in a two-storey house in an apartment block. But soon his new abode will be in Malabar Hill. Many industrialists and well-known personalities of the corporate world live in this area. Jhunjhunwala had bought land for Rs 371 crore to build this house. Malabar Hill is considered to be the most expensive area of ​​Mumbai. Here the cost of a square foot is more than one lakh rupees. Sajjan Jindal, Adi Godrej and the Birla family also live in Malabar Hill.

Very few people would know that Jhunjhunwala has also produced three Bollywood films. These include English Vinglish, Shamitabh', and 'Ki & Ka'. He is very fond of eating and drinking. He likes street food, dosa and Chinese food. Mumbai's pav bhaji is his weakness. In his spare time, he likes to watch food shows. In July last year, he had given a donation of Rs 50 crore.

Rakesh Jhunjhunwala first entered the stock market in 1985. He invested 5 thousand and made his first profit in 1986. He bought Tata Tea shares at Rs 43 and sold them after three months at Rs 143 per share. After that he didn't look back. Between 1986 and 1989, he earned a profit of Rs 2 to 2.5 crores. After this, Sesa Starlit bought four lakh shares of the company for one crore rupees and made huge profits in this investment.



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