His deeply ingrained belief and conviction on India and its potential is strongly corroborated by some of his long-term bets – companies that will grow as domestic consumption or discretionary spends go up.
Jhunjhunwala was also famous for delivering catchy dialogues that came naturally to him. At the India Today conclave last year, he said: “India is coming into a phase that India has never seen, hamara time aayega nahi, hamara time aa gaya hai (India’s time will not come, it has already come).”
Reportedly, Rakesh Jhunjhunwala also planned his succession many years ago and so while markets may be in mourning on Tuesday, he had the wisdom and foresight to pre plan his vast investments.
"Dalal Street will always remember him, for while there may be many successful billionaire investors in the years to come, some even wealthier than him, there will never be another Rocky."