Rakesh Jhunjhunwala is launching Akasa Air in India soon!
Rakesh Jhunjhunwala, an investor and billionaire! Do you know who this man is and where did he grow up?
Jhunjhunwala is the son of Income Tax commissioner who served his duties in Mumbai.
Jhunjhunwala in fact grew up in an Agarwal family in Mumbai and is now an an Indian business magnate and stocks trader who manages his own portfolio as a partner in his asset management firm, Rare Enterprises.
Jhunjhunwala has shocked one and all by announcing to launch a low cost airline in India.
The airline is expected to get a no-objection certificate from the aviation ministry in next 15 days.
Jhunjhunwala is planning to invest $35 million to launch 70 aircraft within the next four years, as a part of his ultra-low-cost airline Akasa Air.
Being a qualified chartered accountant, he is popularly referred to as the “Warren Buffett of India” and the “King of Bull Market
