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.

Indian Billionaire-Investor Rakesh Jhunjhunwala Dies at 62
Indian Billionaire-Investor Rakesh Jhunjhunwala Dies at 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.

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.

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 peace
Deepak 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.