Business

Rakesh Jhunjhunwala will be remembered for his vision: Ratan Tata

August 14, 2022
Bharat Times

Ratan Tata said- Rakesh Jhunjhunwala will also be remembered for his passionate personality

Mumbai:

Ratan Tata, Honorary Chairman of the Tata Group, said on Sunday that few investors Rakesh Jhunjhunwala He will always be remembered for his cheerful personality, kindness and foresight along with his sharp understanding of the markets.

Jhunjhunwala, often referred to as the ‘Warren Buffett of India’, died of cardiac arrest in Mumbai on Sunday morning. He was 62 years old.

Jhunjhunwala had invested in over three dozen companies, including the most valuable watch and jewelery maker Titan, part of the Tata Group. His portfolio includes companies such as Star Health, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazar Technologies and Tata Motors.

Ratan Tata condoled, “Rakesh Jhunjhunwala, who passed away this morning, will always be remembered for his sharp understanding of the stock exchanges of India. He will also be remembered for his cheerful personality, his kindness and his vision. Will be done.” message.

“My thoughts are with his family who have had to bear the burden of this great loss,” he said.

Jhunjhunwala was brought dead to Breach Candy Hospital on Sunday morning. The hospital, suffering from kidney disease and ischemic heart disease, certified that the cause of his death was cardiac arrest.

A self-made trader, investor and businessman, he was also known as the ‘Big Bull’ of Dalal Street. According to the 2021 list of Forbes, Jhunjhunwala was the 36th richest billionaire in India, with an estimated net worth of around USD 5.8 billion (approximately Rs 46,000 crore).

An Income Tax Officer has a son, his wife and three children.

A Chartered Accountant by education, his health was not keeping well for the last few months due to kidney disease. He was seen in a wheelchair at recent public events.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)