The Indian Warren Buffet!

Not Every Indian knows about him, India too has its own Warren Buffet - Rakesh Jhunjhunwala - Who started of as a retail investor, now owns an investment company named RARE Enterprise. First two letters of his name and the first two letters of his wife's name - Rekha have been coined together to name it as RARE Enterprises. He made it big during all the rallies, However he too witnessed the various downturns of the Indian stock Markets, The year 2006 which saw the Sensex zooming from 6000 levels to 12600 levels in a year witnessed a downturn where his portfolio became poorer by around 700 crores. There is not much news about his current portfolio especially after the deathblow of sensex post january 2008.
He is the poster boy of the Indian Stock market who successfully survived the Harshad Mehta scam and the Ketan parekh Scam which hit the stock markets on the early nineties and in the early twentieth century respectively. Like Warren Buffet he too believes in Value Investing and very long term investing. Lets wait and watch as to what's in store for him in the future.