Business Tycoon Rakesh Jhunjhunwala passes away at 62
(The Quiver): On Sunday, known in the name of “Big Bull” of Dalal Street, veteran business investor Rakesh Jhunjhunwala breathed his last at 6:45 am morning after suffering a cardiac arrest.
He was brought dead by the hospital authorities in the Breach candy Hospital in Mumbai. He was suffering from kidney related issues in the past.
Jhunjhunwala has made a foray into the aviation sector with the launch of Akasa Air on August 7. Jhunjhunwala was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt Ltd in addition to being an investor.
Indian Prime Minister Narendra Modi offered condolences for the departed soul as he says “leaves behind an indelible contribution to the financial world.”
Born in July 5th 1960, his father was a revenue official in Mumbai. After Sydenham College, he registered in the Institute of Chartered Accountants of India after receiving his degree.
The benchmark index Sensex of the Bombay Stock Exchange, which trades at more than 59,000 today, was at 150 when Jhunjhunwala started investing in it with 5,000 in 1985.
In more than thirty firms, Jhunjhunwala has investments. He had significant assets in companies like Titan, Star Health, Tata Motors, and Metro Brands.
According to Forbes, he ranked as the 36th-richest billionaire in India.
