ABOUT RAKESH JHUNJHUNWALA
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited. He is popularly referred to as the "Warren Buffett of India"[1] and the "King of Bull Market".[7]
Jhunjhunwala's stocks fell by up to 30% in December 2011.[8] He recovered his losses in February 2012.[9] These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third.[10] His attempts to divest his Aptech stake had no takers.[11]
Jhunjhunwala invested ₹26 Crores (US$3.4 Million) in A2Z Maintenance[12] increasing his stake in the company by 3.57%, upping his stake in the company to 23.2%.
The first big profit of Rakesh Jhunjhunwala was ₹5 lakh in 1986. In between 1986–89, he earned almost ₹20-25 lakh profit.[13]
As of 2020, his biggest investment is in Titan Company which is worth ₹4,758 Crores (approx US$600 Million).[14]
In popular culture[edit]
Like the Fake Steve blog, there is a popular parody blog called The Secret Journal of Rakesh Jhunjhunwala that humorously parodies the Investor's life. On 7 June 2012, the authors were revealed by The Economic Times to be two people.[15][16] For the first year, Forbes columnist Mark Fidelman[17] and for the remaining years, Author and Writer Aditya Magal.
Controversy[edit]
There is an ongoing investigation against Rakesh Jhunjhunwala for insider trading as of 28 January 2020. </Template:Last=Awasthi</ref>
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