3 Insanely Successful Stock Market Investors in India!
If you want to become a successful stock market investor one day, a key step is to learn from the journey of the super successful stock market investors in India, who’ve already done it before you. Indeed, it’s good lore to know about the journey of these iconic investors, what principles they followed, how long it took for them to become successful, etc.
3 Insanely Successful Stock Market Investors in India
1. Rakesh Jhunjhunwala
Net worth: $4.3 Billion USD (Feb 2021)
Born: 5 July 1960, Mumbai India
Education: Chartered Accountant (CA)
College: The University of Mumbai, The Institute of Chartered Accountants of India (ICAI)
Occupation: Owner of RARE Enterprises, Investor, Trader & Film Producer
Rakesh Jhunjhunwala, also known as “The Big Bull’, is one of the most renowned and successful stock market investors in India. He has made a great fortune by trading and investing in stocks, which is an inspiration for all those who want to succeed in the Indian Stock Market.
The son of an income tax officer, Rakesh Jhunjhunwala joined the stock market after completing his degree as a Chartered Accountant. Starting with the initial investment of just Rs 5,000, currently, he is sitting on a huge net worth of around Rs 30,300 crores as of 2021.
Jhunjhunwala today manages his privately owned asset management firm “RARE Enterprises”. Interestingly, the name RARE is derived from the initials of his and his wife’s name. Here, ‘Ra’ from his name (Rakesh) and ‘Re’ from his wife’s name (Rekha). Rakesh Jhunjhunwala is also the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.
Looking back into Rakesh Jhunjhunwala’s journey, Mr. Junjhunwala’s ‘Risk and Reward’ taking ability was impressive from the very start. Along with it, his imagination & wisdom later earned him great profits in the stock market.
His first-ever large profit in the stock market was from selling 5,000 shares of Tata Tea which he had previously bought for Rs. 43 per share and selling them at Rs. 143. His later career was marked by his buying of six crore shares of Titan in 2003 at an average price of around Rs 3. The stock is still in his portfolio and currently trading at Rs 1200.
Rakesh Jhunjhunwala considers himself as both a stock market investor and a trader. He strongly believes and advocates the idea to invest in India, seeing the consistent growth of India and its rising economy. Mr. Jhunjhunwala is also confident in learning from mistakes. He often says- ‘Mistakes are your learning friends. The idea is to keep these mistakes small.’
2. Radhakishan Damani (RK Damani)
Net worth: 15.4 Billion USD (Feb 2021)
Born: January 1954
Occupation: Investor, Stockbroker, Trader, and the Founder & Promoter of Dmart
According to Forbes 2020 Rich List, RK Damani is the 4th Richest Person in India.
Radhakishan Damani, also known as ‘Mr. White and White’, because of his simple dressing of White shirt and white trousers, is the richest stock market Investor in India and owner of D-mart. Coincidently, he is also the mentor of billionaire investor Rakesh Jhunjhunwala. RK Damani is known for his low profile and he rarely makes an appearance in public events or press conferences.
Quick Fact, On 21st March 2017 i.e. the listing day of Avenue supermart (parent company of D-mart), the stock price rose more than double, from the offer price of Rs 299 and ended up 116% upwards to Rs 648. In the IPO of Avenue Supermart, RK Damani made around Rs 6100 crores in just two days. RK Damani owns around 52% stake in Avenue Supermarts, and Bright Star Investments — his investment company, holds another 16% stake.
RK’s journey in the Indian stock market is truly inspiring. He was not always actively involved in the stock market. He started his career as a trader in ball bearing, with no intentions to enter the stock market. However, his future has something else planned for him. RK Damani entered the stock market only at an age of 32.
At an age of 32, post his father’s death, RK was forced to close down his ball-bearing business and had to join his brother in the family stockbroking business, which was inherited from their father.
RK Damani had no idea of what to do in the stock market at that time. His knowledge of the stock market was very limited. He made many mistakes initially by speculating the stock prices. However, he soon understood that the market is heaven for those who are serious about it and want to make a great fortune in life.
When he got involved in stockbroking, he understood that he can’t make lots of money just by watching other people trade and invest. Finally, he started trading and investing in the stock market, rather than just stockbroking. Gradually, his judgment began getting right, and within the next couple of years, he was standing as one of the most successful investors in the market.
RK Damani’s strategy is quite simple- Invest in good companies for the long term. RK Damani always sees the future prospects of the company before investing and invests only if the product has potential far ahead in the future.
3. Ramesh Damani
Net worth: Around Rs 1,100 Crores
Education: HR College, Mumbai (Bachelor’s degree in Commerce)
California State University (Master’s Degree in Business Administration)
Occupation — Founder of Ramesh s Damani Finance Pvt Ltd
“I learned that just because a stock doubles, it is not a reason to sell it.”- Ramesh Damani
Ramesh Damani, the investment guru and one of the most successful stock market investors in India, started his journey to riches in the 1990s when Sensex was 600 points. He holds a bachelor’s degree in commerce from HR College, Mumbai, and a master’s degree in Business Administration from California State University.
Ramesh Damani works at privately owned Ramesh s Damani Finance Pvt Ltd.
The son of a successful stock investor, Ramesh Damani became a member of the Bombay Stock Exchange(BSE) in 1989. Initially, Ramesh planned his career as a stockbroker. However, later he started enjoying picking winning stocks and switched to become a long-term investor.
Ramesh Damani’s first famous investment was ‘Infosys’. Coming from a techie background in the US, he knew that Infosys has great future potentials. Therefore, when Infosys became public in 1993, he invested Rs 10 lakhs in it. By 1999, this investment has given him more than 100 times a return.
The investment philosophy of Ramesh Damani is easy and simple to understand. He is a long-term investor and suggests not to invest for short-term gain. Further, he advises everyone to make an exit strategy clear before making an investment in any stock. He further adds that the economy of a market is hard to predict; however if you have researched the stock carefully, and had made a good strategy, then you can easily make fortunes in the stock market.
You can find a list of successful investors and what kind of stocks they invest in this portal under “Superstar Portfolios.