PM Modi meets stock market investor Rakesh Jhunjhunwala

New Delhi: Prime Minister Narendra Modi on Tuesday met noted stock market investor Rakesh Jhunjhunwala, noting that he is very upbeat about the Indian economy.

PM Narendra Modi tweeted, “Glad to meet the only one Rakesh Jhunjhunwala… Vibrant, insightful and very optimistic on India.”

The Prime Minister also had a “productive” meeting with Nunzio Quacquarelli, CEO and Managing Director of QS Quacquarelli Symonds Ltd., and said that he spoke at length about aspects related to the education sector.

PM Modi was called by Jhunjhunwala and QS Quacquarelli Symonds Ltd MD Nunzio Quacquarelli earlier in the day in New Delhi. After meeting with Quacquarelli, the PM tweeted, “We spoke at length on aspects related to the education sector.”

Jhunjhunwala is an Indian business magnate and stock trader. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. During his early life, Rakesh grew up in an Agarwal family in Bombay, where his father worked as the Commissioner of Income Tax, Bombay.

He has an estimated net worth of $5.7 billion (as of October 2021).
According to the Forbes Rich List, Jhunjhunwala is the 48th richest person in the country. He is the chairman of Hungama Media and Aptech and sits on the board of directors of firms such as Viceroy Hotels, Concorde Biotech, Provogue India and Geojit Financial Services.

Recently, Jhunjhunwala also announced that he plans to have 70 aircraft within four years for a new airline he wants to set up in India on optimism that more people will travel by air.

He said the ultra-low cost airline would be called Akasa Air and the team, which includes a former senior executive at Delta Air Lines Inc., is looking at planes that can carry up to 180 passengers.