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Rakesh Jhunjhunwala's zero to hero story is one of the biggest tales of the Indian stock market. This journey is not just about earning money but about the victory of unwavering faith in India's economy and patience. Rakesh ji was born on 5 July 1960 in Hyderabad but was brought up in Mumbai. His father Radheshyam Ji Jhunjhunwala was an Income Tax Officer.
In the evening his father used to discuss the market with his friends. When little Rakesh asked why prices fluctuate? So father said, read the newspaper, only the news changes the feelings. This is where curiosity arose in him. He completed his CA studies but his mind was in the market. When he asked for money from his father, his father refused and told him to earn money through his hard work.
In 1985, Rakesh ji started with just ₹5000 of his savings. First Jackpot Tata Tea In 1986, he bought 5000 shares of Tata T at ₹43. In just 3 months the share reached ₹143. As a result, he made a profit of ₹5 lakh. This was his first big win which gave him the confidence to survive in the market. Rise of the Big Bull 1990s.
In the 1990s, people were scared. Rakesh ji found opportunities even in the market recession. Sesa Goa He bought shares of Sesa Goa now Vedta at ₹27 - 28. When the share crossed ₹2000, his net worth reached crores. Harshad Mehta era: At that time, he also made a lot of money through short selling, due to which he came to be known as the emperor of the market.
Master Stroke Titan Magic of Titan 2002 This was the time when Rakesh Jhunjhunwala transformed from an investor to a legend. With foresight he invested heavily in Titan company at an average price of ₹3. At that time the condition of this Tata company was not very good. Patience they didn't sell Titan for decades.
Today Titan's share is around ₹3500. The largest part of his portfolio came from this one stock. Five Rare Enterprises and Investment Philosophy He formed his own firm Rare Enterprises. R A minus Rakesh R E minus Rekha were his three golden rules of investment. A conviction: If you trust the company, then stand firm even if the whole world is against you.
Learning from two mistakes He used to say, I am not afraid of making mistakes, I am just afraid of repeating them. Three India Bulls India Bulls He always used to say that no one can stop the progress of India. Six last dreams Akasa Air Akasa Air In the last years of his life, when his health started deteriorating, he took his biggest risk in the aviation sector.
He started Akasa Air. The first flight took off on 7 August 2022. Even while sitting on a wheelchair, the smile and enthusiasm on his face surprised the whole world. He died on 14 August 2022 at the age of 62. Net worth started from ₹5000 to ₹46000 crore 5.8 billion. Honors: In 2023, he was posthumously awarded the Padma Shri.
Rakesh ji's biggest lesson is that it is going to rain in the market. You just need to know when to open the umbrella. Five golden tips are no less than a treasure for you. Invest in a market. No speculation. Invest, don't gamble. Rakesh ji believed that stock market is not a gamble. Lesson: Before buying shares of any company, understand its business.
If you are just betting on a tip without any knowledge, then you are gambling. Always look at the company's fundamentals, profits, debt management. Two, don't be afraid to make mistakes. Be afraid to repeat it. He openly admitted that he too had lost a lot of money in the market. Lesson: Everyone makes mistakes in the stock market.
The important thing is to accept defeat when you are wrong and exit with a small loss. Stop loss. Don't consider your ego bigger than the market. Three by right and so tight. Buy right and stick with it. Rakesh ji's biggest strength was his patience. Learn. He held the Ton Titan for over 20 years. One who buys and sells shares every day does not become rich.
The one who becomes rich is the one who buys a good company cheaply and holds it for years. Time is what compounds money. Don't follow the crowd. Peer Contrarian: When everyone is selling shares and there is an atmosphere of fear, Rakesh ji used to look for buying opportunities. Lesson: If everyone is chasing a stock, then understand that it has become expensive.
Do your own research and invest when the world does n't understand the value of that company. Five Markets is always right. The market is always right. One of his famous dialogues was, the market is supreme. Lesson: Never think you know more than the market. If the market is falling, there must be some reason behind it.
Don't try to fight the market, learn to move with it. A bonus tip he always gave. Never forget to invest in your health and family. In his last days he regretted that he had not paid attention to his health. He used to say that the greatest inalienable wealth is your health. If this story taught or inspired you, share it with others.
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