Rakesh Jhunjhunwala, ace business investor, passed away at the age of 62. He was often referred to as ‘The Big Bull of Dalal Street’ for his unique investing pattern. His distinctive approach made him count amongst the top business investors in India.
Jhunjhunwala was an active investor in addition to serving on the boards of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited, and Tops Security Limited. He was also the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.
Jhunjhunwala, who was born on July 5, 1960, was raised in Bombay by Rajasthani parents while his father served as an income tax commissioner. After completing his studies at Sydenham College, he applied to the Institute of Chartered Accountants of India.
He was the 36th richest Indian with a net worth of $5.5 billion and also had the title of Warren Buffet of India. Jhunjhunwala was listed among the top 500 wealthiest billionaires in Forbes’ Real-time Billionaires Index.