Last Updated on Jan 19, 2022 by Manonmayi

Popularly known as ‘The Big Bull of India’, Rakesh Jhunjhunwala is arguably the most famous investor in India. He stands as the 36th richest person in India, having a net worth of $ 5.6 bn.

The man’s journey, struggles and failures can be a very important lesson to novice and even seasoned investors. Jhunjhunwala’s story is not a typical rags to riches story, but that of persistence and self-belief. Let us read in detail his investment and life journey.

This article covers:

Early life

Rakesh Jhunjhunwala was born in Mumbai to a Marwari family. He completed his Bachelors of Commerce from Sydenham College, University of Mumbai. He later enrolled with the ICAI and became a qualified Chartered Accountant. 

Growing up, he listened to his father speak about the stock market, which sparked his interest. He often discussed with his father various nuances of the markets. He says that the best lesson he learnt from his father was to remain abreast of news and developments in the economy that has the power to drive markets. Soon, it transformed into a habit that kept him brushed with current affairs, which eventually helped him predict stock market trends. 

Another valuable lesson imparted by Jhunjhunwala Sr. was never to borrow money to invest. This in itself is one of the main tenets of investing – to never trade on borrowed funds. Despite that, Rakesh Jhunjhunwala started his journey in the market by borrowing Rs. 5,000 from a friend. Luck shone on him at that time, and thus began his journey in the stock market world, that would transform his life and of millions of others, making Rakesh Jhunjhunwala an investment legend and stock guru.

Investment journey

The first big profit earned by Jhunjhunwala was back in 1986. He invested in 5000 shares of Tata Tea, which, at that time, was trading at the price of Rs. 43 per share. In three months, the share price rose to Rs. 143, landing him a profit of Rs. 5,00,000. Over the next three years, he earned a profit of over Rs. 20 lakh by trading in the stock market.  

Also known as the ‘Investor with the Midas Touch’, he has many stocks in his portfolio that have grown manifold. He also later established his own stockbroking firm, RARE Enterprises. The name is a combination of his and his wife, Rekha Jhunjhunwala’s initials. 

A bull in the stock market, Rakesh Jhunjhunwala has always had a positive outlook on the markets. He is essentially a long-term investor. He invested in the Titan Company Limited when its share price was merely Rs. 3. As of December 2021, the share is trading at approximately Rs. 2,378. He has held the Titan stock for over a decade. He, along with his wife, holds a 4.9% stake. The recent surge in its share price reportedly earned Jhunjhunwala Rs. 913 cr. in a matter of a few hours. The current value of his holdings in the company is a whopping Rs. 10,301.5 cr.

Rakesh Jhunjhunwala portfolio

The Jhunjhunwala portfolio is something most investors keep a tab on. Let us go through his latest stock holdings as of December 2021.

Rakesh Jhunjhunwala’s portfolio currently displays 39 publicly traded stocks. These are listed below:

Name of the stockHolding amount (Rs. Cr)Holding value (units)Holding percentage (%)
Canara Bank Ltd.572.32,90,97,400 1.6
Wockhardt Ltd.99.425,00,005 2.3 
Orient Cement Ltd.39.725,00,000 1.2 
National Aluminium Company Ltd. (NALCO)246.6 2,50,00,000 1.4 
NCC Ltd.551.57,83,33,26612.8 
Agro Tech Foods Ltd.193.420,03,259 8.2 
Tata Communications Ltd.430.830,75,6871.1 
Fortis Healthcare Ltd.9253,19,50,000 4.2 
Aptech Ltd.392.8 96,68,840 23.7 
The Indian Hotels Company Ltd.455.12,50,10,000 2.1 
Man InfraConstructions Ltd.30.2 30,00,000 1.2 
The Mandhana Retail Ventures Ltd.2.616,30,900 7.4 
TARC Ltd.23.446,95,000 1.6 
Autoline Industries Ltd.9.817,51,233 4.6
Bilcare Ltd.16.119,97,925 8.5 
Rallis India Ltd.509.91,90,68,320 9.8 
The Federal Bank Ltd.620.57,57,21,060 3.7 
Dishman Carbogen Amcis Ltd.99.550,00,000 3.2 
TV18 Broadcast Ltd.155.63,50,00,000 2.1 
Escorts Ltd.1213.8 64,00,000 4.8 
Prakash Pipes Ltd.4.2 3,12,500 1.3 
Delta Corp Ltd.527.6 2,00,00,000 7.5 
Jubilant Pharmova Ltd.579.4 1,00,20,000 6.3 
Prozone Intu Properties Ltd.11.531,50,000 2.1 
Titan Company Ltd.10,401.54,33,00,970 4.9 
Steel Authority of India Ltd.771.47,25,00,000 1.8 
Jubilant Ingrevia Ltd.479.688,09,574 5.5 
Indiabulls Real Estate Ltd.80.450,00,000 1.1 
Tata Motors Ltd.1749.33,67,50,000 1.1 
Anant Raj Ltd.75.21,00,00,0003.4 
Edelweiss Financial Services Ltd.107.51,51,25,000 1.6 
CRISIL Ltd.116939,75,000 5.5 
Indiabulls Housing Finance Ltd.108.550,00,000 1.1 
VA Tech Wabag Ltd.154.350,00,000 3.2 
Geojit Financial Services Ltd.129.21,80,37,500 7.6 
Prakash Indusries Ltd.13.5 25,00,000 1.4 
Nazara Technologies Ltd.768.432,94,310 10.8 
DB Realty Ltd.21.850,00,000 2.1 
Karur Vysya Bank Ltd.161.43,59,83,516 4.5 

Among these, NALCO, Canara Bank, and Indiabulls Real Estate have been his latest investments in the September 2021 quarter.

All the companies listed above are high-performing enterprises in their industries. A deep technical analysis of the market has allowed Rakesh Jhunjhunwala to diversify his portfolio to earn the maximum gains.

Journey so far

Apart from being an experienced investor, Rakesh Jhunjhunwala also serves in the top management of many firms. He is currently the chairman of Aptech Ltd. and Hungama Digital Media Entertainment Pvt. Ltd. 

He also sits on the board of directors of many big companies. These include Prime Focus Limited, Provogue India Limited, Innovassynth Technologies Limited, Geojit Financial Services, Mid Day Multimedia Limited, Bilcare Limited, Nagarjuna Construction Company Limited, Praj Industries Limited, Viceroy Hotels Limited, Concord Biotech Limited, and Tops Security Limited. 

Moreover, he is also backing an upcoming airline, called Akasa Airlines. It is said to start operating in 2022 and will provide very low-cost flights within India. If it turns out to be a success, it could be a game-changer for the airline industry.

Conclusion

Rakesh Jhunjhunwala has always been a passionate investor. He recognises the Indian economy’s potential for growth and does not hold back while taking risks. Considering the emerging market, he lays major emphasises on bullish trends. 

He has always been a source of inspiration for many investors. Be it an old player or a new entrant, everyone is a fan and keen observer of Rakesh Jhunjhunwala’s trade strategies. However, it may be prudent to conduct your own research and find stocks that suit your risk capability than simply copying his portfolio. Speak to a financial advisor before investing.

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