India Is Shocked Because Of The Sudden Cardiac Arrest Of Rakesh Jhunjhunwala

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India’s Warren Buffet, Mr. Rakesh Jhunjhunwala’s sudden demise, has shocked India. The 62 years old businessman took his last breath at Candy Breach Hospital on Sunday morning. Sudden cardiac arrest led to the death of one of the finest business investors in India. According to the sources, he was undergoing kidney dialysis regularly as both his kidneys had failed.

India’s Big Bull Rakesh Jhunjhunwala Passes Away At 62 Due To Cardiac Arrest | Remembering RJ | CNBC-TV18

Rakesh Jhunjhunwala was born in Mumbai, where his father worked at an Income Tax office. From Sydenham College in 1985, he completed his graduation. From his college years, he was an enthusiast of the stock exchange and also invested certain small amounts in regular shares. He develops his interest in the stock market with his father’s influence. At a very early stage of his career, he borrowed some money from his brother’s client & promised to pay it back with interest. He achieved the impossible and earned three-time profits for his investment.

By profession, Rakesh Jhunjhunwala was a trader and chartered accountant. He was a master of business and the stock market. According to Forbes’ list of rich men, he was the 46th richest man in the country. Family, friends, relatives, politicians, and many important personalities took to social media to express their pain and condolences to Rakesh’s family. Many comforting messages and tweets were made in the last 24 hours, including messages from prominent Indian leaders like our Prime Minister, Shri Narendra Modi, and Finance Minister Nirmala Sitharaman.

Rakesh Jhunjhunwala was praised for his contributions to the Indian economy. He was one of the bold risk-takers and a man of his own will. He was a master of stock markets and a champion of all business ethics. He achieves greater success merely in a short period. Punit Goenka, the CEO of ZEE, called Rakesh a “rare” and showed his respect towards him. Similarly, Rakesh Jhunjhunwala ‘s old school friend and CEO of Kotak Mahindra Bank tweeted about Rakesh’s understanding of the financial market. He included the message with “will miss you, Rakesh.”

He has invested in many companies like Titan, Aurobindo Pharmacy, Aptech Limited, Jubilant Life Sciences, NCC, Praj Industries, CRISIL, and many more. Rakesh’s last public appearance was at the launch of his Akasa Air with his business partners Vinay Dube and Aditya Ghose. Akasa Air recently shared a comforting message expressing their sorrow because of the sudden demise of Rakesh Jhunjhunwala. Rakesh Jhunjhunwala ‘s work and understanding of the stock market were surely an inspiration to many people. 

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