Rakesh Jhunjhunwala’s journey from mere Rs 5,000 to a staggering Rs 40,000 crore, is a stuff of legends. At its heart lies Rare Enterprises—named after Rakesh and his life partner, Rekha—a true testament to the partnership that powered his rise as India’s “Big Bull.”
The meeting that would forever change Rekha and Rakesh’s lives was nothing short of providential. Rekha, in an interview to The Economic Times newspaper, recalled how the alliance wasn’t even meant for her. “Actually, Rakesh’s marriage proposal was for my cousin,” she said. But fate, it seemed, had other plans. The matchmaker urged Rakesh to meet Rekha first, and from that moment on, the stars aligned. “The rest,” she added, “is history.”
Rekha, who had grown up in a comfortable home with all the trappings of middle-class luxury—cars, air-conditioners, and a secure lifestyle—was stepping into a world that felt vastly different. Rakesh, son of an income tax officer, was still establishing himself as a stock market trader. At the time, he didn’t even own a car, much less an air-conditioner.
However, what Rakesh lacked in material wealth, he more than made up for with his vision and unrelenting determination. Rekha saw a future not in what Rakesh had but in what he aspired to build. And her faith would soon be validated.
In 1990, Rakesh’s bold trading position ahead of the Union Budget- as liberalisation gathered momentum and the stock markets soared, turned out to be a masterstroke, resulting in major returns for Jhunjhunwala. It marked the beginning