Rakesh Jhunjhunwala RIP: Adani, Tata, Kotak And Other India Inc. Stalwarts Pay Homage To 'The Big Bull'
Rakesh Jhunjhunwala passed away today morning at the age of 62.
Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffett, died in Mumbai Sunday morning.
The passing of Jhunjhunwala is being condoled by his friends, well wishers, politicians and industry stalwarts.
Gautam Adani, Ratan Tata, Uday Kotak led India Inc. in paying tributes to veteran stock market investor Rakesh Jhunjhunwala.
Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in our equity markets with his brilliant views. We will miss him. India will miss him but we will never forget him. RIPð pic.twitter.com/XrOBM3t0nG— Gautam Adani (@gautam_adani) August 14, 2022
Ratan Tata, Chairman Emeritus of the Tata Group, said Jhunjhunwala will always be remembered for his acute understanding of the markets as well as for his jovial personality, kindness, and foresightedness.
Rakesh Jhunjhunwala: my school and college mate. One year my junior. Believed stock India was undervalued. He is right. Amazingly sharp in understanding financial markets. We spoke regularly, more so during Covid. Will miss you Rakesh!— Uday Kotak (@udaykotak) August 14, 2022
RIP Rakesh Jhunjhunwala. A trader, investor and legend that inspired many. He played the short and long side, and made his peace with the market. He will be remembered fondly. Condolences to his family.— Deepak Shenoy (@deepakshenoy) August 14, 2022
In his condolence message sent to BQ Prime, HDFC’s Deepak Parekh called Jhunjhunwala an eternal India optimist.
Rakesh was full of life, very insightful and extremely candid. He was beacon of stock markets. An eternal India optimist and inspiration to many. A proponent of Bharat. Condolences to the family . May his soul rest in peaceDeepak Parekh, HDFC Chairman
Tata Sons' chairman N Chandrasekaran called Jhunjhunwala’s passing an eternal loss.
Rakesh Jhunjhunwala believed in India and the sheer potential of the country. This conviction led him to consistently make bold decisions throughout his life and career. He had tremendous regard for the Tata Group. Mr. Jhunjhunwala’s passing is an irreparable loss and we extend our deep condolences to his family and friends.N Chandrasekaran, Chairman ,Tata Sons
Another ace investor and a close friend Ramesh Damani, remembers his mate.
The life of the one we love is never lost. It's influence goes on through all the life's it has ever touched. RIP, my friend, Rakesh.Ramesh Damani
Rakesh ji was ambitious. He was a sharp thinker, a thought leader, a calculative risk taker as a trader and a successful investor, said, Deven R Choksey
His analysis were meticulous. He saw a big picture in India story, he supported the Govt and decision makers for taking bold steps in putting India’s economy on a fast track. His conviction in India and her prospects, inspired decision makers in the country. He planned his exit well ahead of his time by significantly allocating his wealth to philanthropy. He combined ambition with action. His life was blessed by these rare qualities.Prayers for RJ’s departed soul and condolences to everyone in his family.Deven R Choksey
Our thoughts and prayers are with the family of Mr. Rakesh Jhujhunwala at the time of their tragic loss, said IndiGo airlines.
Mr. Jhunjhunwala was a towering figure in India's financial world, and we also commend his recent contribution to Indian aviation with the launch of Akasa Air. He was an inspiring personality, and will be deeply missed.IndiGo's spokesperson
Condoling his death, Zerodha co-founder Nikhil Kamath tweeted, 'There will never again be someone like you, RIP.'
Rakesh Jhunjhunwala was a tremendous pillar of support for the company for over 15 years, said Farah Malik Bhanji, MD, Metro Brands Ltd.
We are deeply saddened by the sudden demise of our Metro Brands family member Mr. Rakesh Jhunjhunwala. He steered us through some of our most challenging times and celebrated all our highs with us. His death is a huge loss to the Metro family and also for the nation for his contribution in deepening the equity market and raising the retail investor participation in the country.Farah Malik Bhanji, MD, Metro Brands Ltd.
Anand Mahindra said his strongest memory will always be Jhunjhunwala’s unshakeable patriotism. In a tweet he said, "Yes he was an ace investor; yes he made millions; yes he was always optimistic. But my strongest memory will always be his unshakeable patriotism, his unwavering belief in India. I wish he had made it to the 75th anniversary of our Independence. Om Shanti #Rakeshjhunjhunwala".
Harsh Goenka remembers his neighbour Jhunjhunwala.
My boisterous neighbour, the Pied piper of our stock markets, a âRareâ man with a big heart, the Titan who understood brands, the big bull who was always bullish about the India story, flies along with his planes to the âAkasaâ! Om Shanti #Rakeshjhunjhunwala— Harsh Goenka (@hvgoenka) August 14, 2022