Steered by his vision and a quest to make it big in life, Tarang Jain took a train out of the ‘City of Dreams’ to set up the Varroc Group in Aurangabad in 1990. In what started as an automotive parts supply business, the Varroc Group has since grown both organically and inorganically to establish itself as a global automotive component behemoth that has clocked sales of Rs 10,300 crore in FY 16-17.
Rakesh Jhunjhunwala, often compared to Warren Buffett, is one of India’s biggest and most successful traders and investors, with a net worth of $1.95 billion.
A proud Marwari and a family man, Jhunjhunwala has pledged to give Rs. 5,000 crore or 25 per cent of his portfolio value, whichever is less, to charity when he turns 60 in 2020. MARWAR meets the man to learn more about his life and work