Rakesh Jhunjhunwala Story - Success Story of Warren Buffett Of India-5-getinstartup

Rakesh Jhunjhunwala Story – Success Story of Warren Buffett Of India

Greetings to all! We are back with another motivational story of a very famous personality, also known as the “Warren Buffett of India.” Yes, You are right, I am talking about Rakesh Jhunjhunwala Story. These days, everyone is familiar with the term stock market, I am sure even you must have heard of it. Well, this article “Rakesh Jhunjhunwala Story – Success Story of Warren Buffett Of India” is all about how a simple boy from Mumbai with only Rs 5,000 in hand became one of the most successful stock investors in Indian history. So, without further ado, let me start the success story of Rakesh Jhunjhunwala.

Early Life

Rakesh Jhunjhunwala, popularly known as “Warren Buffett of India” or “Big Bull” was born on 5th July 1960 in a Marwadi family in Mumbai. His father, Radheshyamji Jhunjhunwala was in the Income Tax department, and his mother, Urmila Jhunjhunwala was a housewife. He was raised with 2 siblings.

Rakesh Jhunjhunwala has always been keenly interested in the stock market. One of the reasons for it was maybe because his father always used to discuss it with his friends. So, he asked him once whether he can pursue a career in the stock market. However, at that time his father denied and told him to complete his studies first and get a degree from college.

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After graduating from college, once again Rakesh asked his father the same thing. His father told him to pursue any career, but he wouldn’t provide him with any funding and he can not ask any of his father’s friends for funding either. This was a big challenge for him. As he was going to enter the stock market without any capital.

But he was a risk-taker from the beginning. He borrowed the money from his brother’s clients and promised to return capital with high interest.

Entering the Stock Market

Rakesh Jhunjhunwala always has been curious and passionate about the stock market ever since. He entered the stock market with Rs 5,000 in his pocket. During 1985, the Bombay Stock Exchange Index was at 150. This is just the beginning of the Rakesh Jhunjhunwala story and how he dominated the whole stock market.

Dominating the Stock Market

The first big profit was about Rs 5 lakh in 1986. With this profit, he bought 5000 shares of Tata Tea at Rs 43 and within 3 months, the shares were trading at Rs 143. Eventually, by selling the shares of Tata Tea, he made a profit three times the previous value of shares.

From 1986-89, he amassed Rs 20-25 million which he invested in Sesa Goa iron mining company. The stock of Sesa Goa railed to Rs 65, which he had initially bought for Rs 28. He was dominating the stock market and later he came to be known as the “King of Bull Market“.

The Rise of RARE Enterprises

Rakesh Jhunjhunwala started a privately owned stock trading firm called RARE ENTERPRISES. The name of the firm is derived from the first two initials of his name and his wife’s name. The firm was a really big thing for Rakesh Jhunjhunwala.

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Rakesh Jhunjhunwala bought the shares of Titan company at an average price of Rs 3, which is currently railing to Rs 817 and he is holding 7.5 crore shares of this company. He has an ‘overall’ holding of 8.45% in Titan.

A few other multi-baggers in Rakesh’s portfolio are CRISIL, PRAJ IND, Aurobindo Pharma, NCC, LUPIN, and the list goes on. That’s it for the story of the warren buffet of India. Now, let’s look at some facts about Rakesh Jhunjhunwala.

Amazing facts about Rakesh Jhunjhunwala Story

1. Rakesh Jhunjhunwala made Rs 5000 Cr from the earlier Rs 5000 he had in 30 years only from the stock market.

2. According to Forbs magazine, he is considered the 54th richest person in India with a net worth of  $3.1 Billion, which is equivalent to over Rs 19,000 Crores.

3. He produced the film named “English Vinghlish, and is also a big fan of Bollywood too.

4. Due to his knowledge and good analysis about the stock market in India. He is widely known and accepted as Warren Buffet of India or King of Bull market.

5. Rakesh Jhunjhunwala is a Chartered Accountant by qualification.

6. He is also a foodie by nature, he loves Chinese and street food and also likes to watch food shows on TV.

7. He is also a philanthropist. He donated 25% of his wealth to charity.

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8. Rakesh Jhunjhunwala is considered one of the masterminds in the Indian stock market, as he has made Rs. 5000 crore from just Rs 5000 in just 30 years.

9. He is the chairman of Hungama Media and Aptech.

10. In addition to these, he is in the process of building an eye hospital in Navi Mumbai, which will perform 15,000 eye surgeries free of cost.


Mr. Rakesh Jhunjhunwala always has been a risk-taker in his life. He is a down-to-earth person and also a philanthropist. A perfect example of a regular boy from a Marwadi family successfully achieving his dreams.” Never forget that money is the means to the world, but not the end of it.” a message by Rakesh Jhunjhunwala to all.

If the article “Rakesh Jhunjhunwala Story – Success Story of Warren Buffett Of India” inspired you a lot, then let me know in the comment section.

Hope the article “Rakesh Jhunjhunwala Story – Success Story of Warren Buffett Of India” motivates you a lot and helps you to be focused on your goals.

For more success stories like this, do refer to the links given below.

  1. Story of Facebook – Mark Zuckerberg
  2. Story of Apple – The Success Story of Steve Jobs

5 Thoughts to “Rakesh Jhunjhunwala Story – Success Story of Warren Buffett Of India”

  1. Harpreet Kaur


  2. Amritpreet Singh

    Nice content🔥

  3. Damanpreet

    Well written 👍👍

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