You must often hear traders say, “Market toh Rakesh bhai ke tarah samajhna chahiye”? That’s the kind of impact he had on India’s stock market. Rakesh Jhunjhunwala’s great market predictions, stock picks, and unshakable confidence in India’s growth earned him this respect.
As of Dec 2024, he stands at the third position among the top 10 investors in India. Rakesh Jhunjhunwala portfolio includes stocks that transformed his initial investment of ₹5,000 into billions.
From Titan to Tata Motors, Rakesh Jhunjhunwala stocks have made headlines.
Curious about Rakesh Jhunjhunwala net worth?
In this article, we’ll introduce you to the stocks and strategies behind the legendary Rakesh Jhunjhunwala portfolio.
Let’s explore the insights that continue to inspire every trader and investor.
- Who is Rakesh Jhunjhunwala?
- Investment Philosophy: Long-Term Vision and Strategic Picks
- Rakesh Jhunjhunwala Holdings: The Stocks That Made Him a Legend
- Sector-Wise Holdings: A Balanced Approach
- Iconic Investments and Multibagger Stocks
- Analysis of Rakesh Jhunjhunwala’s Portfolio Performance
- What Investors Can Learn from Rakesh Jhunjhunwala’s Portfolio and Legacy
- FAQs: Rakesh Jhunjhunwala Portfolio
Who is Rakesh Jhunjhunwala?
Born on July 5, 1960, into a Marwari Agarwal family, Rakesh’s roots trace back to Jhunjhunu, Rajasthan. Growing up in Mumbai, his father, an income tax officer, frequently discussed stock markets with his friends. This early exposure was enough to instil in Rakesh curiosity. Despite his early interest, he followed a conventional path.
After completing his graduation from Sydenham College, Rakesh enrolled at the Institute of Chartered Accountants of India. He earned a Chartered Accountant (CA) degree from the Institute of Chartered Accountants of India (ICAI). But, just like most Indian families, his father encouraged financial independence. He refused to fund his investments.
Rakesh began his investment journey in 1985 with a mere ₹5,000. His first major breakthrough came in 1986 when he earned a profit of ₹5 lakh. Over the next few years, he became known for identifying potential multi-baggers. This led to exponential growth in Rakesh Jhunjhunwala portfolio. By 2022, his investments had grown to a massive ₹11,000 crore.
Rakesh Jhunjhunwala portfolio is managed through Rare Enterprises, a firm he co-founded. His biggest investment was in Titan Company, valued at ₹7,294.8 crore as of 2021. Not only this, Rakesh has also chaired companies like Hungama Media and Aptech, Geojit Financial Services and Viceroy Hotels.
In 2021, he co-founded Akasa Air, a low-cost airline. Investing $400 million, he became the largest stakeholder, holding a 46% stake by the time of his demise.
Despite his remarkable achievements, Jhunjhunwala’s journey wasn’t without hurdles. In 2021, he faced an insider trading investigation involving Aptech Computers. The matter was settled with SEBI after he and his associates paid ₹35 crore. This episode served as a reminder that even market giants are not immune to scrutiny.
Rakesh Jhunjhunwala passed away on August 14, 2022, due to kidney-related complications. His death marked the end of an era in Indian stock trading.
Investment Philosophy: Long-Term Vision and Strategic Picks
Rakesh Jhunjhunwala’s strategy revolved around identifying high-potential businesses early and holding onto them for years to reap significant returns.
He often said that having hastily made decisions always results in heavy losses. Thus, you must take your time before putting money in any stock.
- Focus on Leadership: He often invested in companies that were leaders in their sectors, such as Titan and Star Health.
- Value Investing: He looked for undervalued companies with growth potential. For example, holding a large stake in smaller companies like Va Tech Wabag (water treatment) highlighted his ability to spot gems before others.
- Patience Pays: His philosophy emphasised holding stocks for the long term, even during market fluctuations. He aimed to benefit from their full potential.
Rakesh Jhunjhunwala Holdings: The Stocks That Made Him a Legend
As of January 2025, Rakesh Jhunjhunwala and Associates publicly hold 27 stocks valued at ₹50,310 crore. His wife, Rekha, has carried forward his investment philosophy, ranking 28th on Forbes’ list of India’s richest tycoons.
Here are the Rakesh Jhunjhunwala stocks as of Jan 2025:
| Stock Name | Quantity Held | Holding (%) | Change From Prev. Qtr. | Holding Value (₹ Crs) |
| Aptech Ltd. | 24,019,236 | 41.41 | Filing awaited for current qtr | 440.68 |
| Concord Biotech Ltd. | 25,199,240 | 24.09 | Filing awaited for current qtr | 5,251.27 |
| Star Health and Allied Insurance Company Ltd. | 100,753,935 | 17.15 | Filing awaited for current qtr | 4,865.91 |
| NCC Ltd. | 78,333,266 | 12.48 | Filing awaited for current qtr | 2,169.44 |
| Metro Brands Ltd. | 26,102,394 | 9.60 | Filing awaited for current qtr | 3,310.31 |
| Nazara Technologies Ltd. | 6,183,620 | 8.08 | Filing awaited for current qtr | 627.08 |
| Va Tech Wabag Ltd. | 5,000,000 | 8.04 | Filing awaited for current qtr | 821.45 |
| Agro Tech Foods Ltd. | 1,711,759 | 7.03 | Filing awaited for current qtr | 163.95 |
| Geojit Financial Services Ltd. | 16,749,500 | 7.00 | Filing awaited for current qtr | 193.67 |
| Singer India Ltd. | 4,250,000 | 6.95 | Filing awaited for current qtr | 33.43 |
| Jubilant Pharmova Ltd. | 10,244,000 | 6.43 | Filing awaited for current qtr | 1,118.49 |
| Crisil Ltd. | 3,799,000 | 5.19 | Filing awaited for current qtr | 2,320.49 |
| Titan Company Ltd. | 45,713,470 | 5.14 | Filing awaited for current qtr | 15,778.69 |
| Raghav Productivity Enhancers Ltd. | 1,102,852 | 4.80 | Filing awaited for current qtr | 82.27 |
| Valor Estate Ltd. | 25,000,000 | 4.65 | Filing awaited for current qtr | 444.00 |
| Karur Vysya Bank Ltd. | 33,487,516 | 4.16 | Filing awaited for current qtr | 745.47 |
| Fortis Healthcare Ltd. | 30,739,000 | 4.07 | Filing awaited for current qtr | 2,250.25 |
| Baazar Style Retail Ltd. | 2,723,120 | 3.65 | Filing awaited for current qtr | 93.28 |
| Jubilant Ingrevia Ltd. | 4,735,500 | 2.97 | Filing awaited for current qtr | 406.87 |
| Indian Hotels Company Ltd. | 28,810,965 | 2.02 | Filing awaited for current qtr | 2,513.61 |
| Sun Pharma Advanced Research Company Ltd. | 6,292,134 | 1.94 | Filing awaited for current qtr | 127.11 |
| Wockhardt Ltd. | 2,837,005 | 1.85 | Filing awaited for current qtr | 431.00 |
| Tata Communications Ltd. | 4,500,687 | 1.58 | Filing awaited for current qtr | 781.57 |
| Escorts Kubota Ltd. | 1,708,388 | 1.53 | Filing awaited for current qtr | 576.05 |
| Canara Bank | 128,693,000 | 1.42 | Filing awaited for current qtr | 1,305.59 |
| Federal Bank Ltd. | 34,530,060 | 1.42 | Filing awaited for current qtr | 708.73 |
| Tata Motors Ltd. | 47,770,260 | 1.30 | Filing awaited for current qtr | 3,775.76 |
Sector-Wise Holdings: A Balanced Approach
He didn’t focus on just one industry. Rakesh Jhunjhunwala portfolio spread across sectors like finance, healthcare, technology, and more.
Here are the Rakesh Jhunjhunwala holdings, sector-wise:
- Finance & Banking: Stocks like Canara Bank, Karur Vysya Bank, and Federal Bank formed a significant chunk of his investments.
- Healthcare: Companies like Star Health, Fortis Healthcare, and Jubilant Pharmova highlight Rakesh Jhunjhunwala and Associates’ confidence in healthcare innovation and services.
- Consumer Goods: Investments in Metro Brands and Agro Tech Foods
- Technology & Services: His stake in Titan Company (famous for watches and jewellery) and Nazara Technologies (a gaming company) reflected a mix of traditional and modern businesses.
Iconic Investments and Multibagger Stocks
Let’s look at some of his legendary investments in Rakesh Jhunjhunwala portfolio:
- Titan Company
This was one of his most famous investments. Jhunjhunwala believed deeply in Titan’s potential. Starting with a few crores, his investment grew to over ₹12,000 crores. Titan became the shining jewel in his portfolio.
- Lupin
He had immense faith in India’s healthcare sector, which led him to invest in this pharmaceutical giant. Lupin proved to be a major wealth generator for him.
- Crisil
Jhunjhunwala saw an opportunity in Crisil early on, investing in this niche credit rating company. It consistently delivered returns, proving his foresight right.
- Nazara Technologies
India is rapidly advancing toward a digital-first future, and Rakesh Jhunjhunwala was quick to recognise this potential. His investment in Nazara Technologies, a leading gaming and sports media company, was a strategic step.
- Akasa Air
Never one to shy away from new challenges, Jhunjhunwala co-founded Akasa Air in 2021.
The Rise of RARE Enterprises
In 2003, Rakesh Jhunjhunwala and his wife, Rekha, launched RARE Enterprises (a name derived from their initials). This wasn’t just an investment firm.
RARE Enterprises supported startups, nurtured innovative ideas, and became a key player in India’s financial ecosystem.
Analysis of Rakesh Jhunjhunwala’s Portfolio Performance
Rakesh Jhunjhunwala’s journey started with just ₹5,000, and he turned it into billions by following two simple but powerful rules:
- “Buy when others are selling, and sell when others are buying.”
- “Don’t invest in companies just because they’re popular.”
His investments in companies like Titan, Lupin, and CRISIL became shining examples of long-term wealth creation. For him, losses weren’t failures but lessons. As he wisely said, “Losses are part of a stock market investor’s life.”
Rakesh Jhunjhunwala’s portfolio—from Aptech Ltd. and Star Health to top performers like Titan and Canara Bank—shows a perfect balance of safety and growth. It’s a masterclass in patience, strategy, and belief in India’s potential.
What Investors Can Learn from Rakesh Jhunjhunwala’s Portfolio and Legacy
Rakesh’s legacy continues to influence the market as his wife, Rekha, and his firm, Rare Enterprises, carry forward his investment strategies. The long-term potential of his holdings suggests that his vision will continue to guide Indian investors.
Rakesh’s strategy was simple: patience pays off. By investing in companies with good leaders and strong growth potential, Rakesh Jhunjhunwala portfolio has continued to do well, and this approach is likely to keep driving good results.
By following his example and focusing on companies with solid growth, investors can also aim for strong, long-term returns.
FAQs: Rakesh Jhunjhunwala Portfolio
As of Dec 2024, Radhakishan Damani ranks 1st among the top 10 investors in India with a net worth of ₹166,382 crore.
Rakesh Jhunjhunwala began with an investment of just ₹5,000 and grew his wealth by focusing on long-term growth, picking stocks like Titan and others that turned into multi-baggers.
The top investors in India include Azim Premji, Rakesh Jhunjhunwala, Radhakishan Damani, and Narayana Murthy, among a few others.
Rakesh Jhunjhunwala and Associates have made successful investments in several companies, with Titan being the most notable. The great Rakesh Jhunjhunwala stocks also include Star Health, CRISIL, and Canara Bank.
Rakesh Jhunjhunwala managed his investments through his private firm, Rare Enterprises.
As of January 2025, Rakesh Jhunjhunwala’s net worth was ₹51,336.4 crore, and his portfolio consists of 27 stocks.
Source: Trendlyne
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.