Jhunjhunwala ranked 51st richest Indian - View his stock holdings

Jhunjhunwala ranked 51st richest Indian

The billionaire investor, Rakesh Jhunjhunwala, who is often called India’s Warren Buffet, is still one of the country’s richest individual investors, even after a market nosedive since January. At last count, his investment in 26 listed companies was worth over Rs 2,200 crore.

The figure was Rs 1,747 crore higher at the beginning of the calendar year. A nearly 30 per cent write-down in the Sensex since then has pared his investments in the listed stocks. Of course, he could be owning a lot of unlisted stocks, the knowledge of which is not in the public domain. The 26 listed stocks are those where his and his wife Rekha’s holdings are more than one per cent, the level which triggers mandatory disclosure under Bombay Stock Exchange rules.

There could also be shares held through companies, trusts, proprietary accounts, besides his direct ownership of unlisted shares and private equity in companies.

His biggest holding is in Titan Industries. He has 9 per cent, or Rs 509.83 crore, of the company’s capital. At its peak last October, his Titan shares were worth Rs 715.44 crore.

Among his other holdings are Praj Industries (Rs 256.49 crore worth of shares), Lupin Labs (Rs 212.10 crore), Crisil (Rs 200.75 crore), Punj Lloyd (Rs 141.34 crore), Bilcare (Rs 133.85 crore), Nagarjuna Constructions (Rs 105.38 crore), Geojit Financial (Rs 88.58 crore), Karur Vysya Bank (Rs 86.79 crore), Pantaloon (Rs 85.77 crore), Bhushan Steel (Rs 73.75 crore), Viceroy Hotels (Rs 67.16 crore) and Prime Focus (Rs 41.03 crore).

“Rakeshbhai is a man who sees the day after tomorrow. A long-term player, he invests for 16-17 years,” said Vijay Kedia of Kedia Securities, who like Jhunjhunwala buys stocks with a long-term horizon.A case in point is Karur Vyasya Bank. Jhunjhunwala, who is a chartered accountant by profession, bought shares of the bank way back
in 1992 and still holds some.

Last year, Forbes magazine placed him as the 51st richest Indian.
“I do my own research while picking up stocks, but sometimes I ask him (Rakesh Jhunjhunwala) for the reasons behind
buying a stock,” Kedia said.

Some of the other holdings of Jhunjhunwala, who started dabbling in stocks while in college, are Rishi Lazer, in which he has invested Rs 2.62 crore, Dwarikesh Sugar (with investment of Rs 3.73 crore), MRO TEK (Rs 2.90 crore), Autoline Industries (Rs 22.77 crore), JB Chemicals (Rs 4.83 crore), Alphageo (Rs 5.12 crore), Mid-day (Rs 5.93 crore), Zenotech (Rs 12.70 crore), Geometric (Rs 16.78 crore), Agrotech Foods (Rs 23 crore), Infotech Media (Rs 23.19 crore), Gareware Wall (Rs 4.20 crore) and Provogue (Rs 31.95 crore).