Rakesh jhunjhunwala company name

Rakesh Jhunjhunwala: The Unabashed Wealth Creator Sans Big Scam Shadow Rakesh Jhunjhunwala, a partner at RARE Enterprises, who rose to amass a USD 5.8 billion fortune and earn the tag of India's biggest individual investor, was broadly an exception to this, who leaves behind a relatively cleaner slate. Mumbai: Dalal Street had been fraught with risk. People who made big fortunes often made headlines as scamsters, leading to equity markets being looked at with suspicion in post-liberalised India. Rakesh Jhunjhunwala, a partner at RARE Enterprises, who rose to amass a USD 5.8 billion fortune and earn the tag of India's biggest individual investor, was broadly an exception to this, who leaves behind a relatively cleaner slate. Unlike names like Harshad Mehta and Ketan Parekh, whose rise in fortunes was tainted with scam links, the newest 'Big Bull' in the more-regulated market had lesser baggage on this front. Frequently likened to legendary investor Warren Buffett, Jhunjhunwala was unabashed about wealth creation and strutted his connections flamboyantly, a sign of the shift to a market-based economy in early 1990s taking root. While he did not make big headlines for scams, Jhunjhunwala did feature in some cases of insider trading and was also speculated to front-run on stock trades ahead of big news events. In 2021, he and others settled an insider trading case related to Aptech by agreeing to pay Rs 37 crore under the consent route, where an individual can close a pending ...

Akasa, a new Indian airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of the world's most competitive air-travel markets. The carrier, which is preparing to start flying in late May, is taking the unusual approach of granting company shares to a bigger pool of top employees, rather than a select group of senior executives, as the aviation industry globally suffers from a talent shortfall. Airlines have retrenched thousands of workers because of the pandemic and many pilots have quit, either taking early retirement or switching careers. "We want to have an organization that's very tight knit in values, but diverse in experiences, genders, locations within India," Chief Executive Officer Vinay Dube said in an interview. "We were saddened by the plight of employees through the pandemic, some of the bankruptcies that have taken place in Indian aviation, and we wanted to create homes for them where they are happy." The degree to which Akasa plans to grant stock options for staff will be "far greater than most airlines in India and hopefully reminiscent of maybe some of the tech startups where they go fairly deep in the way they provide employee stock ownership plans," Dube said. There isn't a suggestion stock options would be given to air crew or regular pilots, however. Putting employee satisfaction so squarely front and center is an inte...

Late. Rakesh Jhunjhunwala - Co-Founder An experienced, longstanding investor in the Indian Capital markets. Mr. Rakesh Jhunjhunwala had made all his wealth by investing and trading in the Indian markets for over 30 years. While he was not involved in the day-to-day functioning of the firm, his mentorship and guidance has helped the group develop its consistent ethos and performance. • 1Unbiased approach towards each stock • 2Greed/Fear/Hope are mitigated by having objective method for investment • 3Focus on Discipline & Data to generate CAGR • 4Back Tested for more than 21 years across many market cycles • 5Ability to scan over 2000 stocks daily to find a winner • 6Endeavor to generate returns outperforming the relevant index over 3-5 Year • 7Churn ratio of ~ 0.67 • 8Average cash level is ~ 10% • 9Focused unbiased active portfolio management Notes: Alchemy Capital Management Pvt Ltd (Alchemy Capital) is registered as a Portfolio manager with SEBI. Alchemy Ascent is the product of Alchemy Capital's Portfolio Management Services. Disclaimers: General Risk factors • All investment products attract various kinds of risks. Please read the relevant Disclosure Document/ Investment Agreement carefully before investing. General Disclaimers • The information and opinions contained in this report/ presentation have been obtained from sources believed to be reliable, but no representation or warranty, express or implied, is made that such information is accurate or complete. • Informa...