On the basis of information provided to the Indian bourses (June 2022), Rakesh Jhunjhunwala, who recently launched his own airline Akasa Air has 32 company holdings. Just like a witted investment veteran Rakesh Jhunjhunwala placed his eggs in different baskets and spread across his equity portfolio across various sectors. With a comparatively higher ownership of real estate and construction of 13% Jhunjhunwala invested 6% in Finance, 6% in Pharmaceuticals, 6% in Banking, 6% in construction and contracting, 3% in sectors like computers, software, infrastructure, footwear, auto, packaging.
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As a qualified CA and son to an Income Tax officer, Jhunjhunwala had entered the stock market in 1985, when Sensex was at 150 points with just ₹5000 and when he ended his journey in 2022 Sensex is nearing the 60,000 mark.
Rakesh Jhunjhunwala’s first big profit was seen at ₹0.5 million in 1986 when he bought 5,000 shares of Tata Tea at ₹43 and within 3 months it was trading at ₹143. He made a profit of over 3 times by selling the stocks of Tata Tea. Then there was no looking back.
Jhunjhunwala never gave up on his love for Tata companies and its stocks, he held 1% each in Tata Motors with shares worth 1,731 cr and Tata Communications valuing ₹336cr
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In 2002-03, Rakesh Jhunjhunwala bought Titan shares at an average price of ₹3 and currently it is trading at a price of over ₹2472. He held over 4.4 crore shares of titan company. He has an ‘overall’ holding of 5.1% in the company as of June 2022 and is worth a whopping and a ₹11,000 cr.
Between the years 1986 and 1989, he made ₹20-25 lakhs from his investment at the dalal street. His next big investment was Sesa Goa, which he initially bought at ₹28 and then increased his investment at ₹35. Soon, the stock rallied to ₹65.
In an interview to Economic Times, Rakesh Jhunjhunwala recalled buying Tata Power stocks amid the great recession of 1986 and see his total net worth rise to ₹50-55 lakhs. Which he used to buy 4 lakh shares of Sesa Goa in forward trading, worth ₹1 crore. “I sold about 2-2.5 lakh shares at ₹60-65 and another 1 lakh at ₹150-175. The prices then went up to ₹2200 and I sold some shares. I had a net worth of ₹2-2.25 cr."
As on June, 2022, with a 17% stock holding, Rakesh Jhunjhunwala owned 100.7 million shares of Star Health and Allied Insurance Company, worth a whopping ₹7017 cr.
His other major stock holdings include ₹2255 cr in footwear brand Metro, ₹1285 cr in Crisil and ₹853 cr in Fortis.
“Passionate investors always make money in stock markets. You will never fail in any work if you do it with passion," Rakesh Jhunjhunwala said.
The 62-year-old's entry into the capital-intensive sector raised eyebrows earlier this year, with many pointing to the chequered history of billionaire-backed airlines in India as well as the daunting global economic outlook. Jhunjhunwala had invested $35 million for an estimated 40 percent stake in the new airline.
"A lot of people question why I've started an airline. Rather than answer them, I say, I'm prepared for failure," the billionaire said.
