Big bull bows out: Rakesh Jhunjhunwala passes away at 62 in Mumbai

With unwavering faith in India story, the passionate investor inspired many to enter the equity markets

Rakesh Jhunjhunwala, one of India’s richest stock market investors, died at the age of 62 on Sunday in Mumbai, following a cardiac arrest. A doctor at Breach Candy Hospital, where he was brought dead at 6.45 am, said the ace investor had uncontrolled diabetes and kidney problems

The news of his demise sent shockwaves across the investing community and led to an outpouring of grief.

“Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress,” tweeted Prime Minister Narendra Modi.

Finance Minister Nirmala Sitharaman tweeted: