Rakesh Jhunjhunwala Portfolio 2025: Top Holdings & Strategy

Rakesh Jhunjhunwala is one of those rare names that almost every Indian investor has heard at least once. Not because he is a billionaire, but because of the way he created that wealth slowly, and with a kind of conviction which is hard to ignore.

He began his journey with just ₹5,000 in his pocket and a curiosity about the stock market. What started as a young man’s interest soon turned into a story that inspired an entire generation of investors. People often remember him for the big titles, the “Big Bull”, the “Warren Buffett of India”. In this blog, we will explore some of the early stocks he discovered, the way he thought about businesses, his current portfolio, the habits that helped him spot winners before anyone else, and the lessons he left behind.

The Rise of the Big Bull 

Rakesh Jhunjhunwala’s journey is not just about making money; instead, it is about dreaming big, trusting your gut, and believing in India. 

• Born in 1960 to a middle-class family in Mumbai, Rakesh grew up listening to his father talk about the stock market. Those casual dinner-table conversations planted the first seeds of curiosity. His father was an income tax officer, but young Rakesh wanted some adventure. He did not just want to watch the markets; he wanted to be in them. 
• With just ₹5,000 in hand, a few borrowed notes from friends, he stepped into Dalal Street in the early 1980s, when the market was small, the risks were huge, and information was scarce.
• His first big win came with Tata Tea. Back in 1986, he bought 5,000 shares at ₹43 each. Within months, the price shot up to ₹143, and he made his first profit. That moment changed everything. 
• From there, he invested in companies that others ignored and held on when others panicked. He believed in research, patience, and conviction 
• By the 2000s, his smart stock-picking skills had made him a legend. People began calling him “The Big Bull of Dalal Street”.

He was not just an investor; he was a storyteller who saw the future through the lens of numbers. 

Read Also: Rakesh Jhunjhunwala Penny Stocks

The Snapshot of the Current Portfolio 

Rakesh Jhunjhunwala & Associates currently holds 32 companies. The net worth amounts to Rs 45,080 Crore, which has reduced to 1.13% Q-y-Q. 

Fresh entry & exit in portfolio as of Sep 2025 is King Infra Ventures Limited. 

S. No	Company	Holding (%)	Value (₹ Cr)
1	Aptech Ltd.	43.58%	303.99
2	Star Health	17.14%	4501.19
3	NCC Ltd.	12.48%	1625.81
4	Raghav Productivity	11.73%	346.18
5	Innovassynth Investments Ltd.	11.29%	28.92
6	Metro Brands Ltd.	9.58%	3368
7	Va Tech Wabag Ltd.	8.03%	718.28
8	Geojit Financial Services Ltd.	7.20%	157.48
9	Singer India Ltd.	6.89%	36.76
10	Jubilant Pharmova Ltd.	6.43%	1104.87
11	Titan Company Ltd.	5.32%	15925.61
12	Crisil Ltd.	5.19%	1686.23
13	Sundrop Brands Ltd.	4.94%	145.44
14	Valor Estate Ltd.	4.63%	404.35
15	Karur Vysya Bank Ltd.	4.16%	846.9
16	S D Retail Ltd.	4.08%	9.26
17	Fortis Healthcare Ltd.	4.07%	2981.07
18	Garuda Construction	3.80%	65.23
19	Baazar Style Retail Ltd.	3.39%	93.88
20	Jubilant Ingrevia Ltd.	2.97%	302.77
21	Federal Bank Ltd.	2.42%	1139.29
22	Autoline Industries Ltd.	2.09%	6.93
23	Indian Hotels Company Ltd.	2.02%	2075.55
24	Wockhardt Ltd.	1.75%	429.56
25	Tata Communications Ltd.	1.58%	725.85
26	Canara Bank	1.57%	1762.17
27	Escorts Kubota Ltd.	1.53%	588.82
28	Tata Motors PV	1.35%	3385.38
29	Concord Biotech Ltd.	1.11%	191.77
30	AYM Syntex Ltd.	1.01%	11.33
31	Kings Infra Ventures Ltd.	1.00%	4.06
32	Inventurus Knowledge	0.43%	107.63

The Legendary Stocks That Made History 

1. Titan Limited

Back in the early 2000s, when jewellery was still an unorganised business, he noticed something others did not, and that was a brand people could trust.

He started buying Titan shares when they were priced under ₹5 (after splits). Fast forward to today, and those same shares are worth thousands of times more. His early conviction turned into one of the biggest stock success stories in Indian history.

Jhunjhunwala once said he would never sell Titan, and for him, it was not just a company. It was proof that belief, patience, and vision can turn small bets into empires.

2. Lupin

Rakesh always had strong faith in India’s pharmaceutical potential, and Lupin was one of his early bets in the sector. While others hesitated, he saw how Indian pharma companies were stepping onto the global stage. As Lupin expanded into the U.S. generics market, its stock price soared, and so did his conviction that India could compete with the best in the world.

3. Crisil

When he invested in Crisil, not many people even knew what a credit rating agency was. But Rakesh did. He saw the need for financial transparency in a fast-growing economy like India’s.

As India’s markets grew, Crisil became an important company, and once again, his foresight and deep analysis paid off. This pick showed how he did not just follow trends, he anticipated them.

4. Star Health

Later in his life, Rakesh invested heavily in Star Health Insurance, even becoming its largest individual shareholder. He believed that as India grew richer, more families would protect themselves with health insurance.

Star Health was not just another investment; it reflected his vision of India’s future and his belief in the country’s rising middle class.

5. Aptech 

He first invested in Aptech in the early 2000s, at a time when India’s IT industry was booming, but the demand for trained professionals was significantly higher. Most people saw Aptech as just another training institute. Rakesh saw potential, a chance to bridge the gap and create real opportunities for young Indians. Over time, he became the chairman of Aptech, guiding its direction and supporting its growth. 

Read Also: Rakesh Jhunjhunwala: How He Became India’s Billionaire “Big Bull”

Investing Strategy 

He became ‘big bull’ because he understood the market in a way very few people could. His investing style was simple, practical, and rational. 

Below is how he approached investing

1. Looked at the Business, Not Just the Price

For him, the stock price was just the scoreboard. The real game was the business behind it. He always tried to understand.

• What does the company do?
• Who is directing it?
• Can it grow for the coming years?
  

If the business was strong, he did not worry about short-term price swings.

2. Buy Right and Sit Tight

This was his magic formula. Once he found a great company, he did not sell just because the price went up a little. He believed that real wealth is made by holding, not by constantly trading.

3. Believe in India

One of his strongest beliefs was that India will keep growing, and so will its companies.
He invested with the mindset that India’s future is bright, and that long-term investors will benefit from that growth.

4. Do not Panic During Market Crashes

While most people get scared when markets fall, Rakesh often becomes more confident.
He believed that corrections were discount seasons for quality stocks. He used dips to buy more.

5. Stay Curious and Keep Learning

Even after becoming a billionaire, he remained a student of the market. He read widely, asked questions, analyzed companies deeply, and kept updating his knowledge. He believed that the market rewards those who stay hungry to learn.

Secret Behind His Stock Picking 

1. He Chose Businesses That Would Always Matter

Rakesh loved companies that offered products people use for every jewellery, medicines, cars, shoes, and insurance. His logic was simple: “If people need it today, they will need it 10 years from now.” 

2. He Backed Management He Could Trust

For him, the people running the company were as important as the company itself. He looked for:

• Honest leadership
• Good vision
• Strong decision-making
• A track record of treating shareholders fairly. 

3. He Saw Trends Before They Became Obvious

He had a knack for spotting where India was heading. He invested early, then held on as the rest of the world caught up.

4. He Focused on Simple Numbers

He did not like overcomplicating things. The basics were most important for him. If the numbers told a healthy story, he paid attention to,

• Growth
• Profitability
• Debt
• Cash flow
• Market opportunity

5. Attitude of Acceptance

One of his biggest strengths was his attitude toward mistakes. He did not hide them or fear them. If a stock did not work out, he accepted this fact and moved on quickly. But when he found a winner, he stayed with it for years.

This simplicity helped him avoid noise and focus on what he wanted.

Read Also: 10 Top Investors In India And Their Portfolios

Conclusion 

Rakesh Jhunjhunwala’s story is a reminder that investing is not just about charts and numbers; it is about belief, patience, and courage. He did not chase quick wins. He looked for good businesses, trusted his research, and held on even when others doubted him.

His success came from seeing possibilities where others saw problems. Even today, his journey continues to motivate countless investors who want to grow not just their portfolios, but their confidence in the market.

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