investment, online games, stock exchange

Rakesh Jhunjhunwala’s sudden passing on Sunday morning shocked many, especially those in the industry.

According to doctors at Breach Candy Hospital, Jhunjhunwala suffered a sudden cardiac arrest, which was the cause of his death.

“He also suffers from chronic kidney disease and was on chronic dialysis, and he responded well. He is diabetic and recently had an angioplasty,” said Dr Pratit Samdani of Breach Candy Hospital. said Mr.

Looking back at Jhunjhunwala’s journey, we have a rich portfolio to share. Here is all about Junjunwala.

investment

He has invested in over 30 companies, the most valuable of which is the watch and jewelry maker Titan, part of the Tata conglomerate.

His portfolio includes companies such as Star Health, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors.

Shares of online gaming company Nazara Technologies, backed by ace investor Rakesh Junjunwala, saw the company return 22% on net profit in the June quarter of this year as Indian game developers begin to expand their global footprint. jumped 20% after reporting an increase in

online game

Understanding the future of online gaming in India, where the industry was still in its infancy, Jhunjhunwala owns 10.03% or 65.88 million shares in Nazara Technologies, a global esports platform, gaming We lead the industry in partnerships with publishers and brands. Domestic esports company.

Nazara is a diversified gaming and sports media platform, present in India and emerging and developed global markets such as Africa and North America, serving across interactive gaming, esports and gamified early learning ecosystems. I’m here.

stock exchange

Besides, when he started investing, the Bombay Stock Exchange’s benchmark index Sensex was 150. Currently trading at over 59,000 points.

Billionaire investor Rakesh Jhunjhunwala, often referred to as ‘India’s Warren Buffett’, was an Indian billionaire business tycoon, stock trader and investor. He managed his own portfolio as a partner in his Rare Enterprises, his own asset management firm.

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Junjunwala grew up in a Rajasthani household in Bombay where his father worked as an income tax commissioner. After he graduated from Sydenham University, he enrolled in the Institute of Chartered Accountants of India.

With an estimated net worth of $5.5 billion (as of July 2022), he is the 36th richest person in India.

In 2021, he founded Akasa Airlinesan Indian low-cost airline.

Jhunjhunwala’s interest in the stock market arose when he saw his father discussing the stock market with a friend. His father guided him in the market, but he never gave him money to invest and forbade his friends to ask for money.

Armed with savings, Rakesh began investing while in college. Starting in 1985 with a capital of INR 5,000, his investment has now grown to INR 11,000.