Besides, that the ace investor also holds stake in various companies through his firm RARE Enterprises and in addition his wife Rekha Jhunjhunwala too has equity holdings.
Most of Jhunjhunwala's long term bets such Aurobindo Pharma, Lupin and Titan have turned out to damp squibs in 2016. The two pharma companies have lost close to 20% during the year, while Titan too is down 9%. Meanwhile, the benchmark Sensex is up just 1% so far this year.
Jhunjhunwala's end - 2016 Report Card
Industry observers say Jhunjhunwala is now focusing on buying a large chunk of equity in smaller companies like Geometric, Autoline Industries, Mandhana Retail and Delta Corporation. There are around eight companies in which Jhunjhunwala holds more than 10% stake.
Recently, Jhunjhunwala announced he had acquired 12.7% stake in The Mandhana Retail Ventures Limited, which retailer for Salman Khan's Being Human apparel brand.
"Jhunjhunwala has been increasing his stakes in some of the lesser-known companies this year. Probably, he is looking for the next multi-bagger in them. He has made considerable wealth by investing in companies such as Titan and Lupin when they were small," said broker asking not to be named.
Last year, Jhunjhunwala was seen investing heavily in all three listed aviation companies -InterGlobe Aviation, Jet Airways and SpiceJet.