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How to become India's biggest investor ? A boy who had only Rs 5000 to start with. Notebook in hand and passion to understand the market. This was not a film hero. He was a middle class boy from Hyderabad whose father was an Income Tax Officer. And who was reading the business section of the newspaper when he was a child, at the age of playing and jumping .
As soon as it came into the market, people said that it would sink all the money. What will 5000 do? But this boy converted the same Rs 5000 into crores and changed the name of India's stock market. He was born on 5 July 1960 in Hyderabad in a middle class family. His father Radheshyam Jhunjhunwala was an Income Tax Officer and his mother was a simple homemaker.
Rakesh Jhunjhunwala used to leave his toys aside in his childhood and read the business page of the newspaper. Whenever the topic of finance or market came up at home, Rakesh ji's ears would perk up. Once he asked his father how the market price fluctuates? His father said that the market is a complete game of human emotions.
The market fluctuates accordingly. From that day onwards, Rakesh Sir's interest in the market increased. Rakesh Sir chose Commerce and took admission in in Shadnam College Mumbai. He was with me academically so I decided to become a CA. He completed CA but did not feel like taking up a job. Then he told his father that he wanted to go into the stock market.
Father replied directly, okay the risk will be yours but I will not give even ₹1. This was a turning point. I had to arrange the money myself. 1985 Seventh Floor GG Boy Tower BSC Building Trading Ring There was noise tension and excitement mixed. Amidst that noise, a young boy comes. A register in hand, confidence in the eyes, only Rs 5,000 in the pocket.
He had saved this money by taking savings and a small loan. First investment was made in Tata T, share price at that time was 43. There was a strike going on in the market. Everyone was running. But Rakesh R saw the future. Within a few months, the Tata T 143 arrived. He became 53 lakhs. That's where Big Bull started, but success was not easy.
In 1987 and 1989, he took some wrong calls. The market fell. Some of his trades resulted in losses. He himself used to say that I was also scared. But fear does not mean running away. Fear means understanding the market. He used to study four times in the night shift. He used to go to the company office and meet the management.
Don't invest even ₹1 without research. The market showed them for the first time that survival is more important than profit. Harshad Mehta Bull Run started in 1990. The market rocketed and Rakesh Shah timed this bull run and made 2030 times returns between 1986 and 1992. It's not that everything was perfect, but he had learned to control both fear and greed.
2002 and 2003 were all in recession and Titan 's stock fell to rock bottom. The company was not making profits around ₹34. People were saying that this will become a bank tax. But Rakesh Sir looked at the balance sheet of the company. Saw the Indian retail trend and installed a big bed and bought Titan shares together for Rs 8 crore.
And today the price of Titan is around 3000 and their 8 crores has become 10,000 crores plus. People only look at profit. But the losses were also huge. In 2002, one of his beds went wrong. They thought the dollar would cross but the opposite happened. At one point in Crystal, he lost due to wrong timing.
He also suffered losses in stocks like Layard, DHFL and Mandan. Still he used to say that there is no problem with loss. Repeating the mistake is the problem. His mind would start working after the loss. He would just open the chart and analyze it. They formed the firm by combining the names of Rakesh Sir and his wife, Rekha.
Named Rare Enterprises. All his investing operations were run from here. Researchers and traders all used to learn directly from Rakesh Sir. The golden role of his research team was business understand stock price later look at it. Rakesh Sir's wife Rekha Jhunjhunuwala is also a smart investor. Rakesh Sir left in 2022.
After Rakesh Sir's departure, Rekha Jhunjhunwala is officially handling his portfolio. Even by 2023 and 2024, his portfolio value was around Rs 38,000 crore. A middle class boy came with just Rs 5000 in his hand and became the Big Bull of India, no political support, no godfather, no shortcuts. The only thing he had was confidence in himself. Om
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