Rakesh Jhunjhunwala - Mother of all bull runs

“India will see the mother of all bull runs in the next four or five years, boosted by double-digit economic growth and increased investment by domestic investors, including pension and insurance funds,” Jhunjhunwala, 48, said as he smoked a Cohiba Cuban cigar in an interview at the South Mumbai office of his company, Rare Enterprises, a name that combines Ra from Rakesh and Re from Rekha, his wife.



“Indians as a society are not going to be bogged down by these terror attacks; the nation’s tolerance, skill set and democracy will prevail,” said Jhunjhunwala, whose office is a two-minute walk from the Oberoi hotel, one of the locations where terrorists killed 163 people in about 60 hours. He was stuck in the office all night with seven employees, eating Nestle SA’s Maggi noodles and popcorn.

“We will see a period of great uncertainty but great potential too,” Jhunjhunwala said. He’s holding on to investments including Titan Industries Ltd., India’s largest watchmaker, which fell 47 percent this year, and Aptech Ltd., a computer training company that lost 84 percent.



“The malaise of the West isn’t a problem India is facing; we don’t have overextended banking systems or overextended credit,” Jhunjhunwala said. “The basis of India’s economic growth has far deeper roots than many other countries.”

via Bloomberg