Rakesh Jhunjhunwala, India's top investor, died on August 14 at the age of 62.
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According to sources, he was declared dead at 6.45 a.m. at the Breach Candy Hospital in Mumbai.
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Jhunjhunwala had kidney issues and was discharged from the hospital two to three weeks ago.
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Rakesh Jhunjhunwala just entered the aviation sector with the launch of Akasa Air on August 7.
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Jhunjhunwala was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. in addition to being an investor.
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He was also a director of various Indian companies. He also served as an advisor to India's International Movement to Unite Nations.
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Akasa Air also paid tribute to Mr. Jhunjhunwala and praised him for his faith in the company.
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Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. PM Narendra Modi Twitted.
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Rakesh Jhunjhunwala, born on July 5, 1960, into a middle-class family, initially entered the stock market in 1985 with just Rs 5,000.
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After listening to his father, Jhunjhunwala became interested in the stock market. From the beginning of his stock trading profession, he has been a risk-taker.
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Rakesh Jhunjhunwala made his first significant profit in 1986 when he purchased Tata Tea shares.
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His philanthropic interests include healthcare, nutrition, and education. Jhunjhunwala used to donate to charity 25% of his earnings.
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