저자: 미상 · 외국인
요약 보기
故 라케시 준준왈라의 생애를 소개하는 교육용 해설 영상. 1985년 ₹5,000 투자로 시작해 2022년 순자산 약 $5.8B 달성, 타이탄 등 장기 보유, 아카사항공 투자 등을 다룸. 2021년 아프텍 내부자거래 조사 및 SEBI 합의(₹35 crore 지급) 언급. 개인 투자 교훈 10가지를 제시하나 특정 자산의 향후 가격 예측 발언은 없음.
다듬은 글
So let's delve deeper into today's explainer and take a closer look at the life of the great personality who is often called the Warren Buffett of India. We will not only pick up his story but also understand 10 very simple and useful lessons that any common man can implement in his investment journey.
An amazing journey that changed the way we looked at the Indian stock market. Let's start with our first biggest lesson. See, to start investing, one does not need a huge amount of money but the right direction and strong determination and it is really surprising that this historical journey started in the year 1985 with a very small capital of just ₹5000.
Meaning, what could be a better example of thinking big by starting from the grassroots level. Now look at this jump. This journey, which started with just ₹5,000, reached an estimated net worth of approximately $5.8 billion by the year 2022. This huge and incredible figure placed him on the list of 438th richest person in the world.
It shows us how a small beginning can turn into a historic success over time if followed the right path. In today's explainer, we will understand this entire journey by dividing it into these five important parts. First is The Big Bull of India, second is From College to Crore, third is The Billion Dollar Portfolio, fourth is The SEBI Controversy and finally Philanthropy and Final Legacy.
So let's move on to the first part. The Big Bull of India, The Making of a Market Titan. The foundation of his life was laid in 1960 in a Marwari Agarwal family. And interestingly, it was from here that he first heard his father discussing markets and cities with friends. From there, the process of understanding the nuances of the market started at a very young age.
And this is where our second big lesson comes in, which is self-reliance. His father did give him knowledge of the market but with a very strict rule. Father never gave money from his pocket for investment and even completely banned asking for money from friends. As a result, he had to start trading on his own using his small college savings.
Now let's come to the second part, From College to Cross the Early Milestones. After completing his studies from Sydenham College, he obtained the degree of CA i.e. Chartered Accountant from the Institute of Chartered Accountants of India. And this is our third lesson: it is very important to have a solid foundation of financial knowledge and a strong education before entering the stock market arena.
Now take a look at this timeline. Starting with ₹5,000 in 1985, he made his first big profit of ₹5 lakh in just one year in 1986. And then within no time, between 1986 and 1989, this profit increased to ₹20 to ₹25 lakh. So from here comes our fourth lesson. If our strategy is perfect then even a small capital can be increased very rapidly in the initial years.
As time passed, the investment continued to grow and here comes the fifth and perhaps the most magical lesson of investing. The power of compounding is also known as compound interest. By 2022, the value of his investments had grown incredibly to touch a massive figure of ₹11,000 crore. Frankly, this is a very impressive result of patience and time.
Now let's turn to the third part of The Billion Dollar Portfolio: Finding Growth Sectors Early. His biggest speciality and also our sixth lesson is that he identifies the sectors that will grow rapidly in the future well in advance. He deeply believed that India's emerging middle class would significantly increase domestic consumption in the future, and this thought gave him the right direction.
Looking at this table, we can see how vast his influence was in the corporate world, apart from just trading. He was not just an investor. Apart from being a partner at Rare Enterprises, he was also the chairman of Aptech and Hungama Digital. Apart from this, he was also included as a director on the board of companies like Prime Focus and Concord Biotech.
So our seventh lesson is that a successful investor is often also a skilled leader who diversifies their portfolio in many different ways. If we talk about the biggest and most memorable investment in his portfolio, it was undoubtedly in Titan Company. Just look at the figures of 2021. His investment in this single company was Rs 7294.8 crore.
And this teaches us the eighth lesson that when you have full confidence in the growth potential of a company, you should stay in it for the long term. No matter what kind of fluctuations occur in the market. Even in the last phase of his life, his enthusiasm did not diminish and he took a very bold step in the field of aviation.
He invested a whopping ₹ 400 million in Akasa Air, a new low -cost airline in India. As can be seen in this chart, with this investment he secured a huge stake of 46% in the airline. While the remaining 54% remained with others. It is a very emotional thing that his last public event was also related to this airline.
He himself travelled on the first Akasa Air flight from Mumbai to Ahmedabad on 7 August 2022. This was the last public appearance of his illustrious life. Let's move on to the fourth part. The SEBI Controversy Insider Trading Investigation. [nasal sound] Taking a completely objective view, we will now understand the facts of a 2021 investigation related to the shares of Aptech Computertors.
This case is crucial to understanding the complexities of financial markets, and this is where we learn the ninth lesson: how important it is to understand the strict rules of the market and their complexities. Actually, SEBI's allegation was that some such deals were done when they had UPSI i.e. unpublished price sensitive information.
To put it simply, the intelligence about Aptech entering the preschool segment in 2016 was used to buy and sell cities even before the official announcement. Well, this entire matter was resolved with SEBI in July 2021. Under the agreement, neither party admitted or denied guilt. As a result, a payment of Rs 185 crore was made by Rakesh Jhunjhunwala.
His wife Rekha Jhunjhunwala contributed ₹3.2 crore and including other associates, the total payment came to ₹35 crore. Now let us come to the fifth and last part. Philanthropy and Final Legacy Giving Back. Here we find the tenth and greatest lesson of life. He had a very clear vision that he wanted to donate 1 /4th of his immense wealth to philanthropic causes so that he could give back what he had received from the society.
If we talk about his philanthropic circle, it was really very vast. He actively funded major initiatives in healthcare, education and even sports. He extended his support to many important institutions like St. Jude Agastya International Foundation, Ashoka University, Friends of Tribal Society, Olympic Gold Quest and R J Shankar Eye Hospital.
This teaches us that true success means being useful to society. But sadly, in the summer of August 14, 2022, the financial world lost this giant forever. He died at the age of 62 due to kidney-related problems and multiple organ failure at Breach Candy Hospital in Mumbai. This was no less than a major shock and a huge loss for the Indian economy.
The impact of his passing was deeply felt across the country. This tribute by the Prime Minister of India, Narendra Modi, aptly describes his personality as Rakesh Jhunjhunwala, a man of indomitable courage, a lively heart and a deep understanding, whose contribution to the financial world can never be forgotten.
However, his legacy remains strong even today. He was posthumously awarded the Padma Shri, India's fourth highest civilian award, in 2023. Apart from this, his family is continuously making its presence felt at the top of the financial world. As we can see, in the Forbes India list of 2024, his wife Rekha Jhunjhunwala is ranked 28th with a net worth of 9.3 billion.
Now, bringing this explainer to its final stage, a very deep question emerges. How will The Big Bull's unwavering belief in the power of India's middle class shape the strategies of future generations of investors? These 10 lessons from his life and his unparalleled vision will continue to inspire economic history for decades. With this thought, we end today's explainer.
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