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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62

Last updated on - Aug 14, 2022, 12:05 IST

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Rakesh Jhunjhunwala, who was known as 'India's Warren Buffett', passed away at the age of 62 in Mumbai.
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62

Rakesh Jhunjhunwala, who was known as 'India's Warren Buffett', passed away at the age of 62 in Mumbai. Jhunjhunwala was a chartered accountant by profession from Rajasthan. He began investing in the stock market in his college days and went on to manage a stock trading firm, RARE Enterprises. Rakesh Jhunjhunwala recently launched India's newest airline, the ultra-low-cost Akasa Air. He is survived by his wife and three children. Jhunjhunwala has invested in several companies including a number of companies run by Tata Group, one of India's largest conglomerates. These include Tata Motors, watchmaker Titan, Tata Communications and Indian Hotels Co, which runs the Taj hotels. From Prime Minister Narendra Modi, Union Minister Amit Shah to business leaders mourned his death on social media. "Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti," Prime Minister Narendra Modi wrote on Twitter.

 
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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Rakesh Jhunjhunwala, the Big Bull of Dalal Street dies at 62
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