PM Modi briefly meets ‘India’s own Warren Buffet’ Rakesh Jhunjhunwala, showers praise while sharing delight on Twitter

PM Modi briefly meets 'India's own Warren Buffet' Rakesh Jhunjhunwala, showers praise while sharing pic
Image: PM Modi/Twitter

Prime Minister Narendra Modi on Tuesday met The Big Bull Rakesh Jhunjhunwala. It was a brief meeting in New Delhi today.

Praising the ace investor Rakesh Jhunjhunwala, PM Modi said that he was delighted to meet “the one and only” Jhunjhunwala, calling him “lively and insightful”.

The prime minister admired India’s own Warren Buffet just weeks after MR Jhunjhunwala advising retail investors to invest at home and not in the US for better returns.

Earlier in 2021, Rakesh Jhunjhunwala had said, “The economy is at a take-off stage. We went through an NPA cycle and we went through a lot of changes such as Jan Dhan, IBC, RERA, reforms in mining, labour and farm laws. Indian is on a threshold of good and long economic growth. The structural change that is happening in the Indian economy is coming to the fore.”

When PM Modi met Rakesh Jhunjhunwala

Mr Jhunjhunwala falls under the category of India’s wealthiest ones.

He also heads various verticals as the chairman of Hungama Media and Aptech; he sits on the board of directors of firms namely – Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.

Since younger days, the Bigg Bull has been a risk-taker. He borrowed money from his brother’s clients on the promise of returning the capital with higher returns compared with bank fixed deposits.

India’s own Warren Buffet has a net worth of 560 crores USD. To his name, he runs a privately-owned stock trading firm called RARE Enterprises.

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