Rakesh Jhunjhunwala was born on 5th July 1960 in Mumbai, Maharastra. As his father was an Income Tax Officer, He was interested in the rise and fall of stock prices which he used to discuss with his friends. Young Rakesh came in touch with those discussions at a very early age.
After his Completion of CA(Chartered Accountancy), Jhunjhunwala went back to the stock market in 1985 to earn and trade with his money. The BSE(Bombay Stock Exchange) Sensex was 150 at the inception of his career. From the very start his risk-taking ability, imagination and wisdom earned him profits. In 1986, He earned his first profit of about a half-million rupees and in the coming three years he earned around 2 to 2.5 Million.
His later career was marked by his buying of six crore shares of Titan in 2003. Apart from that, he is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. Jhunjhunwala today manages his own money via Rare Enterprises and it was he who predicted the return of a rise in the stock market in the last year that earned him the title of 'Pied Piper'. The Indian Stock Market rose by 44% in the precceding year giving way to rise in the capital of Rakesh Jhunjhunwala too.
DOWNFALL-But, He had his share of downfalls too. After the recession and in the subsequent years, Jhunjhunwala's stock prices fell by 30% but he recovered his losses by 2012. This Continues to struggle and learning from mistakes has been his motto. He has a strong belief in what he called the power of mistakes; He's One Entrepreneur whose life is a fitting example of the fact that one has to devise ways to solve problems through experiences and life lessons.
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