In an exclusive interview with N Mahalakshmi, veteran investor Ramesh Damani talks about his association with India’s Big Bull Rakesh Jhunjhunwala
Rakesh Jhunjhunwala, the"Big Bull" of Dalal Street, died of due to a cardiac arrest on August 14. He was 62.
Remembering Rakesh Jhunjhunwala ( July 5, 1960 - August 14, 2022)
"I wish startups focus more on a business model that produces cash rather than taking money at $2 billion, $3 billion in valuation. That is not the capital that will build great companies in the world. So capital is not very important, it’s your business model," Jhunjhunwala said
One quality that stood out in him was his ability to completely segregate his long-term investments from the rest, says Jain
Rakesh Jhunjhunwala had said that the primary reason for his belief in the Tata Group was the change in strategy which chairperson N Chandrasekaran introduced in almost all the businesses.
Rakesh Jhunjhunwala had earlier said that the market is still underestimating the profitability and returns the Tata Group would deliver and predicted Tata Motors to be the surprise outperformer in the group.
Business tycoon Rakesh Jhunjhunwala who died early on Sunday morning because of kidney ailment, had once commented that much like weather and market, no one can predict death.